RE: Steem Monsters Automated Tournaments Now In Testing!
Can you please explain what this means? I am unclear as to how it is beneficial to the different stakeholders with this feature.
Pack Tokens - We plan to allow both Alpha and Beta edition booster packs to be represented as tokens on the Steem Engine platform. This will allow pack HODLers to trade them for STEEM on the decentralized market that is expected to launch there shortly. It will also allow us to re-publish the algorithm for generating the cards in the packs.
In other words, I don't know what that means... will you be able to print more cards in the future with the generation of more cards? Who do they trade the packs in to? I believe you when you say its positive, I just need help in understanding why.
ps... we have already had instances proven where people could look at their packs and know what is in them... Then sell the shit packs to unsuspecting people and keep the good packs for themselves... If someone has done that, does this give them a way to get rid of those tainted packs and in effect give the cheaters an edge? I'm not trying to be negative, but I know what has bothered many... and if this does that, then at least it should be dealt with head on. I know there were innocent people caught in the crossfire, but at the same time diluting the cards by taking the shit ones and giving out new ones with regular odds doesn't seem to be the answer either. Maybe you have taken steps to spot who the cheaters are, if so, then please tell us so that you can alleviate any negativity ahead of time.
Check out steem-engine.com. It's away to generate and trade tokens on the steem block chain. We've essentially allowed steem to host erc-20 style tokens. I think before March the dex will go live too.
So, let;s say you have 200 alpha packs left. If you want to sell them you have to make a bunch of messages in SM discord or reach out to people you may think are collectors. Then you have to figure out a price and hope you agree. When packs go live as true tokens you just put a buy or sell order on the token for the price you are willing to pay or part with them. Then whenever someone is willing to pay the price it's just a click.
As for printing cards... it's the same packs, but now they are way more liquid. We're almost down to half of beta left. That number won't change and actually because of the smart contract for them it can't change after it's been set.
ok I think i understand... let me see if I have this right:
The packs will be essentially tradeable in a liquid fashion by being on an exchange that will have buyers and sellers making active markets... (I don't know who will "clear" these, and give to buyers or take from sellers but not important)
As for the printing of the cards, you will only enable the number of "tokens" to be the number of total packs available... so if there are 100k packs left outstanding, if they want to create 10k tokens then it will reduce the amount of packs left outstanding to 90k packs.
Is this right?
And thank you for the quick and detailed response.
Almost. We are going to convert all unopened packs out there to tokens and all the remaining beta packs into tokens. When you open a pack you'll burn a token (I think they will get sent to @null).
We built the token platform and the dex associated with the platform is still due out this month. You'll be able to see your tokens in your steem keychain extension under tokens, you can see them in steem-engine.com, there are several third party wallets making them visible. They will be tradable on our steem-engine.com dex, but it's a dex so other sites will pop up and trade them too (like peakmonsters and how they trade.
This change really doesn't impact gameplay, just 10Xing the liquidity of owning/trading a pack.
But the alpha packs that were exposed and kept as packs I would assume would be the majority of the alpha packs that get turned into coins......if that is the case, alpha packs should not be included and left on the black market imho.
Are the contents reset when a pack is replaced by a token, though?
That's what I understood would happen.
If that is the case then full steemmonsters ahead!
That would be awesome and really help to rectify the situation i guess.
Didn't Somebody figure out a Way to See if there were good Cards in an Alpha Pack so they Could Then Sell their other Packs that had No good Cards in them ?? Those People Could Game The System by Getting Big Time Gold Cards If I remember the Steem Post that I read about that happening..
ok cool... thanks again for helping me to understand the implications... I think I have a general idea now and appreciate the efforts you guys have put in to all aspects.