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Tera Economy Collapsed and why EME is at fault
1. Mongos and similar events
Players who participated literally farmed millions of gold worth of mats. They didn't actually have to "participate" either, just stay in a raid while afking and receive parcel posts. I'm not exaggerating, literally millions of gold worth of mats to individual players who participated.
Prices of MW alks, Extensive alks, Premium alks, Spellbinds, and Feedstocks have dropped in price by half in a matter of a month.
2. Loot boxes
Loot boxes currently give a TON of mats compared to before.
There might be 2 contributing factors for this. EMP is bought less from people who would have sold EMP to gear their chars due to the incredibly low cost of materials. Another factor can be that loot boxes needs to be seen as "worth it" to be desirable.
After the debacle of dragons, EME hosted another event similar to mongos. The event only lasted 1 hour but the mob spawning rate was so high that players who participated farmed thousands of materials once again. Speaking from my own experience, I have gotten 3000 tier 9 feeds, 3000 tier 10 feeds, 600 spellbinds, 3400 personal extensive, 600 mw alks, 1100 gold fingers, 33 Strongbox keys, and some other things. Everyone in our guild who participated have gotten similar amounts within just 1 hour of the event. Now imagine all the players who participated, so much materials easily farmed in 1 hour of play.
Lets look at the Pros and Cons.
Pros:
Cons:
Spacecats is planning another event for October. I hope it's not going to hand out mats again and further destroy the market. When everything is just handed out, what is the point of playing anymore? Players will quit if there's nothing to do anymore.
*Edit
Would also like to add that the economy also contributes to EMP to Gold rates in game. It's not just inflation that affects it. It has to do with demand and supply. When supply goes down(less players selling EMP) demand goes up. Wealthy players sitting on millions of gold are still willing to pay absurd amounts of gold for them. Currently on my server EMP is 1:40. By the time Halloween and Black Friday rolls in, I wouldn't be surprised when EMP rates go up to 1:50-75.
Players who participated literally farmed millions of gold worth of mats. They didn't actually have to "participate" either, just stay in a raid while afking and receive parcel posts. I'm not exaggerating, literally millions of gold worth of mats to individual players who participated.
Prices of MW alks, Extensive alks, Premium alks, Spellbinds, and Feedstocks have dropped in price by half in a matter of a month.
2. Loot boxes
Loot boxes currently give a TON of mats compared to before.
There might be 2 contributing factors for this. EMP is bought less from people who would have sold EMP to gear their chars due to the incredibly low cost of materials. Another factor can be that loot boxes needs to be seen as "worth it" to be desirable.
After the debacle of dragons, EME hosted another event similar to mongos. The event only lasted 1 hour but the mob spawning rate was so high that players who participated farmed thousands of materials once again. Speaking from my own experience, I have gotten 3000 tier 9 feeds, 3000 tier 10 feeds, 600 spellbinds, 3400 personal extensive, 600 mw alks, 1100 gold fingers, 33 Strongbox keys, and some other things. Everyone in our guild who participated have gotten similar amounts within just 1 hour of the event. Now imagine all the players who participated, so much materials easily farmed in 1 hour of play.
Lets look at the Pros and Cons.
Pros:
- Players who participated are instant millionaires. JACKPOT 777
- Players who haven't participated can buy mats at a lower price.
Cons:
- Players who participated in essence have "beaten" the game. They no longer have to farm for anything for next 2-3 patches besides obtaining gear. They become less active.
- Players who haven't participated are now months behind players who did participate. They can be discouraged and also become less active or quit as some have already said on forums.
- The rich get richer. The gap between the rich and poor players widen. When these events happen, rich players benefit the most. When prices tank, they buy the mats out and keep them until the next content patch to resell at lot higher price. Rich players have the funds to massively buy out the cheap mats. Poor players and even players who participated only have the mats they farmed, they don't have the gold to buy out more.
Spacecats is planning another event for October. I hope it's not going to hand out mats again and further destroy the market. When everything is just handed out, what is the point of playing anymore? Players will quit if there's nothing to do anymore.
*Edit
Would also like to add that the economy also contributes to EMP to Gold rates in game. It's not just inflation that affects it. It has to do with demand and supply. When supply goes down(less players selling EMP) demand goes up. Wealthy players sitting on millions of gold are still willing to pay absurd amounts of gold for them. Currently on my server EMP is 1:40. By the time Halloween and Black Friday rolls in, I wouldn't be surprised when EMP rates go up to 1:50-75.
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Comments
If you look at the game in long term, continuous events of these kinds will make mats worth 10g each. When players are just handed everything, there is no point in playing anymore. All the fun is gone, no feelings of accomplishment. Eventually the game will die out...
Mind sharing what effects caused by Mongos
Pretty much perfectly sum it up.
Prices remain low cause no gear to make and not many need supplies.
When Vm8 hits, prices should go up, atm its prime time to buy from broker and stack up materials for vm8.
True, having millions of gold is pretty pointless unless you are really lazy player and can't bother anykind of farming outside of vm grind.
Edit:Since BHS changed VM crafting, tons of gold will be thrown at designs to make your weapon.
Players who participated in essence have "beaten" the game. They no longer have to farm for anything for next 2-3 patches besides obtaining gear. They become less active.
Agreed for the most part but this is because TERA lacks side content
Players who haven't participated are now months behind players who did participate. They can be discouraged and also become less active or quit as some have already said on forums.
Maybe but you also fail to see other points. Those who did share with friends as I seen it in the drown I am around. This builds the essence of a community in which MMOs thrive on.
The rich get richer. The gap between the rich and poor players widen. When these events happen, rich players benefit the most. When prices tank, they buy the mats out and keep them until the next content patch to resell at lot higher price. Rich players have the funds to massively buy out the cheap mats. Poor players and even players who participated only have the mats they farmed, they don't have the gold to buy out more.
Not true on all points, those that are rich play the game to get rich. They will get rich with or with out these events. If any thing it created an oppertunity for those left behind to catch up.
People rant about the grind then rant its not grindy enough, think they focus is on those who just want to enjoy the game with friends and it should remain that way. Those who focus on how much they can earn and stand out burn out the fastest and leave, those focused on fun will find a away to have it with friends. Keep doing events, keep making side content to get us out of the instance grind.
1. People saving money for dragons, therefore not buying anything. Less demand.
2. People running guild quests. Lots of them. Therefore, more mats of all types to sell, consistently and not just for a short time like after an event. More supply. Loot boxes are probably contributing here, too, but I doubt as much as the scramble to get those guild skills.
These seem to me to be a larger contributor to our current market prices than anything mentioned by OP.