Incoming COTO Devaluation

Discussion in 'General Discussion' started by Lord Trady of Blix, Jan 7, 2019.

  1. Floors

    Floors Avatar

    Messages:
    4,261
    Likes Received:
    6,608
    Trophy Points:
    165
    So what does everything think about the fact that 1 COTO will be 100 COTOS in the future ? This will give us more resolution but also means the value of COTOS will drop by one hundred fold as far as IGG is concerned.

    Thoughts ?
     
    dcyumyum likes this.
  2. Roycestein Kaelstrom

    Roycestein Kaelstrom Avatar

    Messages:
    4,630
    Likes Received:
    10,258
    Trophy Points:
    153
    Would you mind giving some more quick anecdotes on this? Why is 1 COTO going to be 100?
     
  3. Floors

    Floors Avatar

    Messages:
    4,261
    Likes Received:
    6,608
    Trophy Points:
    165
    It was mentioned on the Jan 4th livestream. Because the Devs said that it will be more in line with other top games out there.

    They will also be taking away the 5 dollar COTO pack from the store.
     
    dcyumyum likes this.
  4. Floors

    Floors Avatar

    Messages:
    4,261
    Likes Received:
    6,608
    Trophy Points:
    165
    If 1 COTO is currently worth 6500 Gold, then in the future a single COTO will be worth 65 or 66 gold each.
     
    dcyumyum likes this.
  5. Roycestein Kaelstrom

    Roycestein Kaelstrom Avatar

    Messages:
    4,630
    Likes Received:
    10,258
    Trophy Points:
    153
    Ahh.. when they say to make COTO to be in line with other game, I thought they mean to just make item purchasing more accessible and strip off most of web site add on store.

    Totally miss the part where COTO value will be inflated.
     
  6. Floors

    Floors Avatar

    Messages:
    4,261
    Likes Received:
    6,608
    Trophy Points:
    165
    It will make Deco with them a lot less painful.
     
    dcyumyum likes this.
  7. redfish

    redfish Avatar

    Messages:
    11,140
    Likes Received:
    27,156
    Trophy Points:
    165
    Topic reminds me of this,
    [​IMG]
     
  8. redfish

    redfish Avatar

    Messages:
    11,140
    Likes Received:
    27,156
    Trophy Points:
    165
    That's something like multi-denominational currency should have worked. Copper = 65. Silver = 650. Gold = 6500. People could keep copper or trade up to minimize the coins in their pack. And then nobody would have to worry about devaluation, and the devs could have kept in line with how the gaming industry worked. Instead it was just a mess. But whatevs. :>
     
  9. Mishikal

    Mishikal Avatar

    Messages:
    1,837
    Likes Received:
    2,471
    Trophy Points:
    113
    Location:
    Brittany Estates
    Huh... doesn't that defeat one of the main reasons they gave for consolidating all COTO's down to gold? They specifically mentioned the "performance hit" of having all those little COTO's all over the place....
     
    macnlos and Katu like this.
  10. Floors

    Floors Avatar

    Messages:
    4,261
    Likes Received:
    6,608
    Trophy Points:
    165
    K1000 and dcyumyum like this.
  11. Floors

    Floors Avatar

    Messages:
    4,261
    Likes Received:
    6,608
    Trophy Points:
    165
    Yeah. I dunno how true that was honestly considering they're also about to raise POT and perhaps even house limits.
     
    dcyumyum and Mishikal like this.
  12. Barugon

    Barugon Avatar

    Messages:
    11,354
    Likes Received:
    18,156
    Trophy Points:
    153
    Gender:
    Male
    The only rally important points is that they are adjusting the price of COTOs so that you will get less for your $ and they are getting rid of the $5 COTO purchase from their web store.
     
    dcyumyum likes this.
  13. Aldo

    Aldo Avatar

    Messages:
    2,050
    Likes Received:
    3,298
    Trophy Points:
    153
    Gender:
    Male
    What do you mean "Less for your $"? If the one COTO in my pocket is worth 1$, and overnight it changes to 65 COTO, I still have $1 value don't I? I fail to see any devaluation here. Yes, 1 COTO will be worth 1/65 of what it used to, but a real world $ buys 64 more than before. If a potted plant sells for 1 COTO now on a vendor, afterwards the price will be 65 COTO, still $1 in value.
     
  14. Floors

    Floors Avatar

    Messages:
    4,261
    Likes Received:
    6,608
    Trophy Points:
    165
    The devaluation means that 1 coto will no longer be worth what 1 coto is currently worth. Hence, it will be devalued. I am not in any way suggesting that players will lose any money from this; but it does mean that cotos might not hold the same value since they're no longer pegged to a dollar, but a penny.
     
    dcyumyum likes this.
  15. Alleine Dragonfyre

    Alleine Dragonfyre Avatar

    Messages:
    1,334
    Likes Received:
    3,687
    Trophy Points:
    125
    Gender:
    Female
    Location:
    Immortal City
    They should have just kept the other denominations, like I appealed to them to do, and most of you told me I was wrong, and use those for pennies, dimes and nickels. Oh well, LMAO.

    I think they sold us a line of BS telling us Cotos were causing load issues. This was the real reason and I don't like being intentionally misinformed. I suggest it not continue.
     
  16. CatweazleX

    CatweazleX Avatar

    Messages:
    530
    Likes Received:
    602
    Trophy Points:
    63
    Location:
    Veritas Sanctuary
    They changed 1 COTO = 1$ to 1 COTO = 1 cent. So 100 COTOs = 1$ = 100 cent.
    After the change goes live everyone should have 100 times more COTOs stored, there is no devalue of your COTOs.

    Instead of 12 dyes = 8$/8 COTO it becomes 12 dyes = 8$/800 COTO or 1 dye = 66 COTO (0.66$).

    Another point is how the COTO-Trader deal with it. They are also able to sell 100 COTO stacks at the current 1 COTO price, to reflect the changes. You get 100 COTOs @6500 gold instead of 1 COTO.
    But it is much easier to raise the coto price, eg. selling 10 cotos @700 gold sounds not to costy... and results in 100 COTOs @7000.

    However on the player COTO-Market you get 1 COTO @ 0.5$, after the change it should be 100 COTO @ 0.5$ or 2 COTO each cent.
     
    Lord Trady of Blix and dcyumyum like this.
  17. Barugon

    Barugon Avatar

    Messages:
    11,354
    Likes Received:
    18,156
    Trophy Points:
    153
    Gender:
    Male
    Currently, $10 gets you 9 COTOs and $20 gets you 19 COTOs. After the 1:100 conversion, $10 will get you 750 cotos (a 17% drop in value) and $20 will get you 1600 COTOs (a 16% drop in value).
     
  18. FrostII

    FrostII Avatar

    Messages:
    4,452
    Likes Received:
    9,113
    Trophy Points:
    153
    Gender:
    Male
    Location:
    Pacific Northwest
    If it ends up helping the game succeed, then it's all fine by me...
    Just my 2cents ;)
     
  19. Feeyo

    Feeyo Avatar

    Messages:
    1,609
    Likes Received:
    2,357
    Trophy Points:
    113
    Location:
    Aelasar’s Forest
    Get your **** together and fix what is broken (quest system and tracker) instead of again working on something so not worth it...ugh.,
     
  20. dcyumyum

    dcyumyum Avatar

    Messages:
    41
    Likes Received:
    69
    Trophy Points:
    8
    How is changing currency in game going to help it be more successful? How and why does it have to be changed to mirror other MMOs? Is there an MMO law that says you must mimic what others are doing? I thought SotA was supposed to be different.

    We got our other color cotos switched because of load issues, but now they are raising the POT levels to handle more deco? Won't that increase the load times even more?

    You can really see those that don't understand devaluation. Yes you are getting less in the long run, be it pennies on the dollar but still less.