Money Cut Information

Curly

Admin

Post Count: 359

RP: 3874

4/23/2021 1:03 pm

Hello all! As mentioned previously, we are opening up some special sales to help you all spend your money before the cut.

 

Money Cut Revisited

Why? Since V2 started, there have been numerous bugs and missteps in game features that artificially inflated the economy. It’s clear that there is no value in EQD anymore and that we need to take action to bring some value back, especially before August when we hope to officially launch the game and start welcoming many new players.

 

When? The money cut will be in our dev update on May 1st.

 

When we mentioned the money cut before, we didn’t give many details. We have those details now and we’ll list them below:

  • < $50,000 = no cut

  • $50,000 - $100 mil = you will keep 1% of your total money and be given an additional $50,000. (example: you have $100,000 - you will keep 1% ($1,000) plus $50,000 for a total of $51,000. )

  • $100 mil+ = you will have everything above $100 mil removed. Then revert to bullet point 2 above, keep only 1% of 100m, and be given $50,000 more.

 NOTE: There is a bug for some players where the amount input for the ingot exchange does not display the correct amount. Please click out of the input box before submitting to get the correct total. As a reminder, the total you pay for ingots is: # of ingots you are buying * 50,000 = EQD paid.

EQD, Ingots, and Spending

We’re telling you all this beforehand so that you can have a chance to spend your EQD, especially if you have accumulated over $100 mil.

 

We’re doing something that no other game (that we know of) has ever done before. We’re offering to purchase your money with ingots. In the Ingot Store, you will find a section to buy ingots with EQD. Note that the limit per account is 2,000 ingots. This means that each person could potentially purchase 6,000 ingots with 3 accounts. Each ingot costs the current market rate of $50,000.

 

If you still have money left over after purchasing your ingots, there are ingot only items that are available for EQD at the market rate of $50,000/ingot. 

 

If you have over $100 mil, please try to spend any excess over that. Any player that has over $100 mil that does not log in before the update will automatically get the max ingot transaction based on their EQD value over $100 mil. 

 

Long Term Plans

Such a large influx of ingots into the economy is bound to be interesting to say the least. We’ll be closely watching the currency exchange rates before and after the money cut. Our hope is that ingots will be more readily available in the market at a vastly decreased exchange rate, making them more accessible to those who can’t purchase them with real life money. 

 

Because of this ingot flood, we expect that site revenue may take a dip for a time. This could affect future art commissions so breed and planned feature art may slow down. We honestly don’t know what the effects will be on the game’s revenue, but you don’t know until you try. Please be aware that it could affect the game for months, but we’re willing to see it through to make sure that the economy is righted again, EQD becomes valuable, and ingots are more accessible. We wanted a way to ensure that everyone’s earned EQD goes towards both helping the game economy and rewarding players for their dedication to the game.

 

Thank you all for your patience! I know this is a lot to take in, but we’ve tried to compensate as much as we can for such a huge economy restructuring. As always, if things go awry, we will be in the background working on a solution as quickly as possible. 

 

Cheers,

The Dev Team

Edited 3 times

4/23/2021 2:13 pm

StirFry

Bronze

Post Count: 166

RP: 18945

Wow, didn't think the money cut would be that big..

"And if she is in your life, you must know she believes you're a battle worth fighting for." -JM Storm <3

4/23/2021 2:23 pm

SweetChinMusic

Basic

Post Count: 9

RP: 21647

Wow, I knew there would be a money cut but never imagined it would be thaaaaaaaaaaaaat huge! I'm kinda worried and excited for it. Better spend the excess money now!

4/23/2021 2:28 pm

Champagne

Basic

Post Count: 32

RP: 7194

I wasn't expecting a cut this severe. 50k doesn't even cover my show fees for one day of $100 shows for my whole herd. 

4/23/2021 2:37 pm

Shokubeni2

Bronze

Post Count: 84

RP: 126868

As it says in the post, the entire economy is going to be reconstructed. Which would mean fees etc as well will change to allow everyone to still be able to afford their daily showing, etc. While your money is getting cut now, the costs for things will also change with the update when it comes. 


4/23/2021 2:55 pm

StirFry

Bronze

Post Count: 166

RP: 18945

I still think it a bit extreme. Like I get trying to reconstruct the economy and all, but this just seems little over board. Like I worked hard for my money and now I am losing it? I'll what it's like..

"And if she is in your life, you must know she believes you're a battle worth fighting for." -JM Storm <3

4/23/2021 3:33 pm

Curly

Admin

Post Count: 359

RP: 3874

Everything will be scaled down. We touched on it in a previous announcement post. "In the next month, we will be implementing a whole new economy which requires a money cut. This means every EQD aspect in-game is going to be scaled down and adjusted to start the market fresh. We understand this is coming as quite a shock but the economy is stagnant and desperately needs to be refreshed before we move out of BETA."

4/23/2021 4:12 pm

Leilanik

Bronze

Post Count: 157

RP: 1122

Ok so not to rant or anything but why is this happening again like the people who worked for their money are gonna loose all of it I’ve already wasted all my money and how are we gonna take care of the horses if we have no money after we run out of feed and water for them I have over 100 million and I just spent it all on ingots but I didn’t even know the general store had everything for ingots my fault for not realizing but still I think that I actually used my eqd I used it to show , to buy new horses , to breed with other people horses , to feed the horses , to upgrade my facilities so I’m just wondering why is this so important to money cut that’s all have a good day

Sincerely , Leilanik 

Perfectpastures 

4/23/2021 4:15 pm

Misty Morn

Bronze

Post Count: 44

RP: 26583

So to avoid the cut we can only have a combined total of bank and on hand money of 50,000?

4/23/2021 4:18 pm

JealousyRoze

Basic

Post Count: 12

RP: 102

I am hoping that this does not mean that ingots will become the main currency. I don't really want to spend real money on them and getting them in other ways is a bit difficult. I feel like the cut is huge and maybe a bit too big. I know prices will be adjusted but It basically puts people back at square one money wise while having lots of horses to care for and show and breed. It kind of sucks since all of us have been here for a while and before the actual release and it seems we are being punished for it almost by having stuff we worked for taken away.


4/23/2021 4:23 pm

Leilanik

Bronze

Post Count: 157

RP: 1122

I feel like the people like us with lots of money are getting punished for this happening I just had to spend 100 million on ingots....

Perfectpastures 

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