Everdragons - Buying & Price Stability

Buying:

To begin with, players will require a browser plugin wallet like MetaMask with Ether to buy an Everdragon from the Marketplace. All newly spawned Everdragons will appear on the Marketplace, where players can also buy Everdragons from other players.

Everdragons are sold by the reverse auction system. This means they have an entry price that slowly declines over time down to a minimum price. Once the reverse auction has reached the minimum price, it will remain there until the Everdragon is sold.

This system gives players the chance to get the Everdragon they really want by purchasing it at or near the entry price. If the demand for this Everdragon seems low, players can wait till the price declines and grab a good bargain instead.

As with all Ethereum transactions, buying will require a Gas price to process the transaction. This is determined and paid by the buyer and influences the speed of the transaction. A fast transaction can be essential to having the lead on an especially interesting purchase.

Price Stability:

Newly spawned Everdragons are put on the Marketplace, together with the Everdragons that are traded by players. There will always be around 5% — 10% newly spawned Everdragons on the Marketplace with a fixed price range. Although the Newly Spawned Everdragons have no Prestige or Gems, their price does influence the average market price significantly.

Everdragons are sold via the reverse auction system, as above. The pricing system is as follows:

Entry price: 0.5 ETH + (0.005 ETH / every month after release)
Minimum price: 0.1 ETH + (0.005 ETH / every month after release)
Reverse auction time frame: 48 hours (with exceptions for special Everdragons)

This ensures a constant supply of Newly Spawned Everdragons that are sold at a fixed price which slowly increases over the months. This has a stabilizing influence on the Marketplace with the tendency to a slight but noticeable increase over time.

Players will always have the chance to purchase an Everdragon at a price within the range of Entry price and Minimum price.

The prices of Everdragons with a lot of Prestige and Gems on the other hand are highly variable and leave room for speculation and significant profits.

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