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Time for "Crown Bonds", a PLEX for ESO

Lapin_Logic
Lapin_Logic
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With the inherent danger of handing over large sums of Gold and Large sums of crowns based on a Gentleman agreement sometimes over Mic (that ZOS has no way of verifying as it was not typed in game), it is now time for the procedure to be made safer for all sides.

I present "Crown Bonds", a new currency purchased with Crowns from the store and trade able on the market via Guild trader, Personal Trade or CoD mails.
these can then be redeemed by the receiving player for its value in crowns, this would open up the market for those who either don't want the current risk or don't want to spam chat with "WTS Crowns 300:1"
  • The_Old_Goat
    The_Old_Goat
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    What is a plex?
  • Anotherone773
    Anotherone773
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    Ive suggested this multiple times as crown vouchers. Either make crowns tradeable items like Plex in Eve or have 100 crown vouchers you can buy in the crown store and trade or sell on traders. They would make a lot more money if it became a safe and easily tradeable commodity.
  • Firstmep
    Firstmep
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    What we currently have is Beacuse Zos doesn't know whether they want to make it too easy to trade crowns or not.
    IMHO if they put a limit to hw much you can sell(crowns) a proper exchange system would only benefit everyone, including Zos.
    And remember this isn't gold being generated out of nowhere so it wouldn't break the economy.
  • Anotherone773
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    What is a plex?

    Plex is premium currency in Eve Online. Its like crowns in function. It is tradeable among players and can be bought and sold on the market per unit.
  • TineaCruris
    TineaCruris
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    ...be careful what you wish for when it comes to ESO and monetizing crowns.
  • Lysette
    Lysette
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    What is a plex?

    It is "pilot license extension" in EVE - a token which can be bought for real money and then be used to get 30 days of subscription with it or other services like character transfer between accounts and such. It can be traded on the market and is a way for people to get ingame currency from those who have plenty of it, and for people with plenty of ingame currency to play the game for free and be subscribed nevertheless.

    it was originally introduced to fight real money trade and later extended to include other services. It is basically as well an investment item, where players with extreme amounts of money invest in - it's a speculation, but the price of plex has been going up pretty steadily over the years - I bought plenty of them last year for around 1.3 billion each, they are currently traded for around 2.75 billion isk. Plex are as well used to gift subscription to other players as an incentive or just out of good friendship.
    Edited by Lysette on July 3, 2020 3:03AM
  • ArchMikem
    ArchMikem
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    What is a plex?

    Plex is premium currency in Eve Online. Its like crowns in function. It is tradeable among players and can be bought and sold on the market per unit.

    Not to mention it's a way for very in-game wealthy players to keep their subscriptions without needing to spend real world money anymore. It's been said that once you've spent enough time playing to accrue enough in-game currency you can just use that to buy PLEX from other players, and then use that PLEX to extend your game subscription so you can continue playing. Like if ESO Plus went back to being mandatory in order to play, and you could extend your Sub time using Crowns bought from players using Gold.
    CP2,100 Master Explorer - AvA Two Star Warlord - Console Peasant - Khajiiti Aficionado - The Clan
    Quest Objective: OMG Go Talk To That Kitty!
  • Lysette
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    ArchMikem wrote: »
    What is a plex?

    Plex is premium currency in Eve Online. Its like crowns in function. It is tradeable among players and can be bought and sold on the market per unit.

    Not to mention it's a way for very in-game wealthy players to keep their subscriptions without needing to spend real world money anymore. It's been said that once you've spent enough time playing to accrue enough in-game currency you can just use that to buy PLEX from other players, and then use that PLEX to extend your game subscription so you can continue playing. Like if ESO Plus went back to being mandatory in order to play, and you could extend your Sub time using Crowns bought from players using Gold.

    EVE is free to play now - alpha accounts are free with limited skills (5 million/20 million sp), omega accounts are subscribed accounts - just fyi.
  • Anotherone773
    Anotherone773
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    ArchMikem wrote: »
    What is a plex?

    Plex is premium currency in Eve Online. Its like crowns in function. It is tradeable among players and can be bought and sold on the market per unit.

    Not to mention it's a way for very in-game wealthy players to keep their subscriptions without needing to spend real world money anymore. It's been said that once you've spent enough time playing to accrue enough in-game currency you can just use that to buy PLEX from other players, and then use that PLEX to extend your game subscription so you can continue playing. Like if ESO Plus went back to being mandatory in order to play, and you could extend your Sub time using Crowns bought from players using Gold.

    You are correct. If you know what your doing and have the time an experienced player doing the right things can play a full account for free. It takes me about 10-25 hours of grinding in game to make enough for a month sub. But i dont consider that a wise time investment, since outside of the game i can make enough for a month sub in about 15 minutes.


    ZOS could learn a lot of from the Eve micro transaction model.
  • debesyla
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    Or there could be a live stock-like market exchange for gold:crowns, just like in GW2 or Albion.

    I would even be fine if there were a 1-2% tax rate.
  • Eiagra
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    I really liked the idea of PLEX when I was playing EVE Online. I do wonder what impact it would have in ESO if something similar were used (Consumed to extend a month of ESO+ as well as the option to convert back to crowns?). It's an interesting idea.
          In verity.
  • Lysette
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    The thing with plex is, it is not changing the amount of ingame currency and every subscription is still paid with real money, just not necessarily by the person who is subscribed, but by someone else, who is now benefitting from the in game currency he got for it. The amount of ingame currency is as well not increased or decreased by it - it stays the same is just used by a different person.

    It helps to fight real money trade and increases the number of subscribers and enables casual players, who buy it with real money and sell it for ingame currency, to make more use of ingame features - so in the end it helps the economy, because instead of currency being on wallets and piling up there, it is put to use in the economy - so all benefit in the end from it.

    And this could work in ESO just the same, if it could be exchanged for crowns as well.
    Edited by Lysette on July 3, 2020 4:58PM
  • Anotherone773
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    Lysette wrote: »
    The thing with plex is, it is not changing the amount of ingame currency and every subscription is still paid with real money, just not necessarily by the person who is subscribed, but by someone else, who is now benefitting from the in game currency he got for it. The amount of ingame currency is as well not increased or decreased by it - it stays the same is just used by a different person.

    It helps to fight real money trade and increases the number of subscribers and enables casual players, who buy it with real money and sell it for ingame currency, to make more use of ingame features - so in the end it helps the economy, because instead of currency being on wallets and piling up there, it is put to use in the economy - so all benefit in the end from it.

    And this could work in ESO just the same, if it could be exchanged for crowns as well.

    As i say in Eve. I have a lot of (real)money but not a lot of free time. I dont have 5-6 hours a day to grind in game for stuff. i dont mind it taking me a while to acquire some things. But i dont want to grind "rats" all day in eve so i can pew pew. So i buy plex and sell them to people who have more time on their hands but not as much as money. I pay for their sub(s) and they grind out my isk( gold) and we are both happy. I win, they win, and CCP wins( because they get more money). No one loses in that model.

    I think that model would benefit a lot of people here, as well. Another benefit of this model is that it puts normal game currency into circulation by people who are likely to spend it rather than just hoard it. This helps it eventually circulate out through gold sinks instead of just being horded by ultrarich players.

    If i were rich in ESO but didnt have a lot of real money, id be in the crown store all the time buying stuff with crowns i traded for gold. Under the current system, id never consider that. Not enough protections for my investment.
  • xXMeowMeowXx
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    ESO+ costs money not crowns or gold, unless something changed.
    Edited by xXMeowMeowXx on July 3, 2020 7:35PM
  • Ragged_Claw
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    We really need something like this, it would benefit ZoS too, because I'd spend a lot more ingame currency to buy stuff from the crown store and surely they'd be happier if they weren't getting tickets sent in all the time from people who've been scammed. I'm lucky to be in a guild that sells crowns, but they're not always available and with the limited time stuff that's a problem.
    PC EU & NA
  • Lysette
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    ESO+ costs money not crowns or gold, unless something changed.

    That is what we are discussing here - to introduce something like plex in EVE, where it is a tradable item bought with real money, which can be used to unlock a month of subscription or be exchanged for other services.
  • pod88kk
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    Why does it have to be a gentleMAN's agreement?
  • Sargesgaming
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    Here is the thing that obviously none of you seem to realize, you are talking about people selling crowns in game to other players, that is against the ToS, therefor they wont implement any changes to how it works now, because as it works no they can have a hands off and "blindness" to it all and still make money off of crowns. If they were to change it to something that would flat out say we are endorsing you to sell real money for in game gold then they would have to change the ToS and they will not do that.
  • Xuhora
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    ZOS_BillE wrote: »
    The player market in The Elder Scrolls Online is a "buyer beware" market, and we are unable to provide any compensation or reimbursement for a trade or mail scam that occurred in-game. You can report scammers in game by following the directions in the help article below.

    What can I do if I have been scammed in The Elder Scrolls Online?

    Im sorry to tell you this, but here you got the official answer. its from a thread called "Does the support ban crown scammers and/or refund scammed gold?" and was stated back in april 2019
  • Lannharr
    Lannharr
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    With the inherent danger of handing over large sums of Gold and Large sums of crowns based on a Gentleman agreement sometimes over Mic (that ZOS has no way of verifying as it was not typed in game), it is now time for the procedure to be made safer for all sides.

    I present "Crown Bonds", a new currency purchased with Crowns from the store and trade able on the market via Guild trader, Personal Trade or CoD mails.
    these can then be redeemed by the receiving player for its value in crowns, this would open up the market for those who either don't want the current risk or don't want to spam chat with "WTS Crowns 300:1"

    NA 150/170:1

    EU 300/350:1

    That's what I've seen in zone chat.

    Cheers.
  • idk
    idk
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    There is no need for any currency. The solution is simple. Zos makes it so we purchase a token instead of "gift" the item. The token is bind on use and can be listed on guild traders. It solves the solution perfectly since that offers a safe way to trade crown store items.
  • chess1ukb16_ESO
    chess1ukb16_ESO
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    I like this idea as it would be safer and easier to control. It works well in other games.
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