MIP#103 - Conversion of "Dead Ruby" to Cleanse the Economy Prior to the Launch of the Web Marketplace

Proposal Overview:

MIP#103: Conversion of "Dead Ruby" to Cleanse the Economy Prior to the Launch of the Web Marketplace

Executive Summary:

This proposal, identified as MIP#103, addresses the management of "Dead Ruby" in preparation for the forthcoming launch of the web marketplace associated with the Heroes of Mavia game. The purpose of this proposal is to solicit input from DAO members on a strategic decision concerning the balances of Ruby associated with inactive accounts.

Background Information:

"Dead Ruby" is defined as Ruby attached to any account that has not logged into the Heroes of Mavia mobile application via the Apple or Google Play stores within 45 days preceding August 6th. Such accounts are deemed inactive and are presumed to have lost interest in the game.

As the game’s economy is set to expand with the introduction of the Ruby Exchange, it is imperative to address the presence of Ruby within inactive accounts. This initiative aims to prevent potential market disruptions upon the opening of the Ruby Exchange.

The Dilemma:

Since the initial launch of Heroes of Mavia on January 31st, 2024, players have accumulated Ruby by actively participating in the game. However, a segment of these accounts has become inactive. The unique and complex nature of the Mavia economy necessitates a decision on how to manage the Ruby within these inactive accounts.

DAO Proposal Question:

Should action be taken on inactive accounts regarding their Ruby balances before the launch of the Ruby Exchange?

Rationale for Action:

• Inactive players, who have not engaged with the game or its economy, pose a risk of destabilizing the Ruby Exchange by offloading their Ruby once it becomes operational.
• Post-launch, intervention in the balances of "Dead Ruby" will be limited to instances of terms of service violations (e.g., use of emulators, auto-clickers).

Proposed Action:

A one-time conversion of "Dead Ruby" into the premium in-game currency, Sapphire.

Detailed Plan:

• Notifications will be disseminated across all communication platforms to encourage users to log in to the mobile app, affirming their active status.
• On August 6th, accounts that have not logged in since June 22nd, 11:59 PM EST, will be categorized as inactive.
• "Dead Ruby" from these inactive accounts will be converted into Sapphire at a rate of 1 Sapphire per 20 Ruby. This conversion will enable returning users to enhance their bases and resume efficient Ruby accumulation.
• Any residual Ruby that cannot be fully converted will remain on the inactive accounts.
• It is crucial to note that this measure will not impact active players in any manner.

Timeline:

• July 9th: Commencement of DAO Proposal MIP#103.
• July 23rd: Conclusion of voting on DAO Proposal MIP#103.
• August 6th: Scheduled conversion for users inactive since June 22nd, 11:59 PM EST.

Conclusion:

This proposal seeks DAO approval to preemptively manage the Ruby balances of inactive accounts to ensure a stable and equitable economy within the Heroes of Mavia ecosystem prior to the launch of the Ruby Exchange. The decision made here will help maintain the integrity of the game's expanding economic framework and enhance overall market health.