Latest Proposal Introducing Royalty Fees?

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It is nice that active investors of Splinterlands has the opportunity to vote for proposals. This latest one has a lot to do with dividing proceeds of sales to the DAO. It started off getting a lot of negative votes but now it appears there is more yes votes to make the proposal to potentially go through.

Why DAO have assets?

Trying to build the fly wheel effect. The main objective apparently is to have more of the DEC from a purchase be allocated to the DAO thereby reducing DEC supply in circulation. The lower supply of DEC would in turn pull up prices and get DEC to peg. The continue demand for DEC to do trades will only increase the value of DEC.

Since this is still speculation I would believe it only when I see it. From time and time again I have waited for DEC price to peg and we have gone so close to have had held at and above peg for decent period prior to 2021 crypto crash. Yet it remains to be seen that there is anyway to increase value for DEC.

I do not mind giving up a little extra in fees due to sales of assets as this reduces overall supply of DEC. Yet to think there is potential in DEC price to peg just through this process I have my reservations.

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17 comments
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HOpefully this proposal will be a good for the future of this game.

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I think this proposal could be good for DEC but is the royalty fees basically changing the fee that 3rd party platforms would get?

!WINE

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Yes third party gets less. Sellers and buyers also get less !LOL !WINE

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I don't think anyone is saying this by itself will push DEC to peg but it's yet more pressure to get it there. Today we did about $29k in card market sales activity. With DEC at 1000/$0.80 that would mean 725k dec would have gone to the DAO. Meanwhile, over the last week we've been burning 3 million DEC per day on average.

I personally don't like the breakdown of fees in this proposal but I voted for it because its a step in the right direction for funding the DAO. If this passes it will be the first step in the DAO sustainably funding itself based on activity in the game.

!WINE
!PGM

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It’s good DAO has some funding and I too patiently waiting for when DEC gets back to peg. I guess any bit of reduction in supply helps. !LOL !WINE

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