Big Time changes the rules again: After a continuous decline in reputation, is it timely loss mitigation or frequent blunders?
Under the double blow of currency price and earnings, is Big Time trying to save losses and win back players' hearts by changing the rules?Last week, everyone was full of confidence in the prospects of the Bigtime project; however, this week, some unsatisfactory changes have emerged.
The official team made a temporary decision to significantly reduce the in-game gold mining rewards, which caused losses for players, while the currency price also experienced a notable decline. Worse still, some frustrating in-game bugs have also surfaced, triggering a wave of anger within the community.
Meanwhile, if we closely observe the on-chain user data and NFT trading data, we will find that they have shown a significant downward trend compared to last week. This situation raises concerns about what exactly has happened.
However, the official team seems to be oblivious to these negative changes. On the morning of the 19th, they officially announced a major adjustment to the economic model, which once again placed the already embattled Bigtime team in the eye of the public opinion storm.
This article will delve into the official new economic model and provide relevant data analysis to help readers better understand this contradictory situation.
Data Performance is Hard to Describe: Token Prices and Player Earnings Suffer Double Hits
From the team's actual test data, the gold mining output per account decreased by 40% on October 18. Additionally, due to the significant drop in currency prices, the overall output revenue fell by 300% compared to before, with the payback period extending to 20 days (originally 4 days).
Player data also saw a decline, with the daily new purchasing users of gold mining NFTs showing a clear downward trend, indicating that the number of new paying players is decreasing. Furthermore, the number of daily new withdrawal users on-chain is also declining, suggesting that the overall number of gold mining players is decreasing.
The daily trading volume of NFTs also experienced a decline yesterday, indicating that the market demand for NFTs is also decreasing, with some large holders also selling off their NFTs.
The Bigtime team previously stated that they hope to attract more game-loving players to participate and create a long-term stable operation for the game. However, from the overall data, Bigtime is still in its early stages, having ended its launch honeymoon period, and is now facing the challenge of declining data, especially the issue of losing gold mining players.
The key issue for the project's future development lies in how to balance the contradiction between gold mining output and player growth, as well as how to effectively manage the user community. This is a challenging task that requires the team's exceptional operational capabilities to address. The author believes that Bigtime needs to seriously consider and respond to these challenges to ensure the project's sustainable development.
Emergency Adjustment of the Economic Model, but It’s Hard to Soothe Players' Emotions
According to our actual test data, the official team has already taken a series of measures to update the in-game economic model on the afternoon of October 18. The formal official announcement was released on the morning of the 19th. The operation of adjusting first and announcing later seems somewhat inappropriate, but the rules have been adjusted, and users have no power to change that.
In the announcement regarding the economic model, the official team mentioned the following three main points:
The threshold for entering the gold mining dungeon has been raised; now more NFTs are required to participate in gold mining activities, while the required time crystals and Bigtime amounts for the dungeon have been reduced. This change aims to encourage players to purchase and hold more NFTs. The official goal seems to be to promote the trading and holding of NFTs to stabilize the in-game economy;
The cost of crafting hourglasses has increased to control the surge in hourglass production. The official team stated that some players have shown a high interest in crafting hourglasses, which exceeded their expectations. To curb the mass production of hourglasses, the official team decided to extend the crafting time and increase the number of NFTs required for crafting advanced hourglasses;
The basic charging cost of hourglasses has risen to balance the user tendencies for crafting hourglasses and accelerating their charging. The official team found that some players are more willing to spend money to accelerate hourglass charging rather than crafting hourglasses. To distribute the usage of hourglasses more evenly (including charging, accelerating, and dismantling), the official team has increased the basic charging cost.
Overall, the official team aims to achieve macro control over the economic system through these adjustments to seek better economic balance.
However, this adjustment seems to show no concern for the decline in the number of gold mining players, as the new threshold increases the cost of gold mining, which may limit the growth of gold mining players. We can speculate that the official team may have two possible motives:
One is that they are confident in the growth of non-gold mining users and have begun to impose some restrictions on gold mining players;
The other possibility is that the official team may take further actions in the future to reshape the economic landscape of the game. These changes will undoubtedly affect the future trajectory of Bigtime, and we will continue to monitor and report on relevant developments.
The Future of Big Time is Uncertain, but Hopefully, the New Mechanism Adjustments Will Help the Game Get Back on Track Soon
Looking back at the development history of blockchain games, we can clearly see that adjusting the economic model often brings significant shocks to project teams. Especially those adjustments involving "increasing costs and reducing output" often lead many blockchain game projects into difficulties, making it hard to move forward.
In this context, the economic model adjustment of Bigtime has attracted widespread attention and discussion. Some believe this adjustment may lead Bigtime to a rapid decline, while others see it as a bold attempt, part of the exploration of a new type of blockchain game path.
Coinbase announces the launch of Big Time (BIGTIME)
The emergence of Bigtime has indeed injected some fresh elements into the current blockchain game market, especially in this persistently weak market environment. As for the future development of the project, we will continue to closely monitor and observe.
Finally, regardless of where Bigtime heads in the future, let us wish it good luck. After all, innovation and experimentation are important forces driving the blockchain gaming industry forward, and every project deserves our attention and respect.
