The team at Terra Poker is aiming to become the best poker game on any blockchain. To accomplish that, we wish to turn to the community for greater support and a greater voice in how the game should be run.
Let’s talk Rake Fees.
When we launched on Sept 26th (7 days ago), we found there to be some feedback on the rake fees. As promised, we have gathered the daily data and will be disclosing with full transparency so that the community can analyze and vote by governance on any needed changes. This game is powered by you!
In light of the analysis discovered from the data, we wish to engage the community to discuss what a reasonable Rake Fee and Caps should be.
The team at Terra Poker will continue to monitor this closely and we welcome any feedback, and even more, any governance proposal that is submitted for the community’s vote. To submit a governance vote you can go to: Terra Poker Governance and for the forum: Proposal Discussions - Terra Poker
In my opinion and taking into account that TPT fluctuates over time, one important action to always cover operational costs is to dynamically set the Blind value higher or slower depending on TPT price.
The formula that must be met everytime is this:
(BB+SM)*R>OC
BB=Big Blind=2SM
SM=Small Blind
R=Rake
OC=operational cost.
Another way to go is to incentivize the play on High stake tables because with a couple of hands it could cover the lower stake tables. But it is not the best way to solve this because if you keep running low stake tables at a loss, you need more and more high stake tables to compesate it.
My way to go would be dynamic Blinds system with operational costs in mind. Adjusting rake as much as you can and lowering rake in the high stake tables.
For example. Operational costs in every hand is 0.1LUNA and TPT=0.1LUNA. Using this function (BB+SM)*R>OC with a rake of 5% we can set the minimun Small Blind to a value of 0.66LUNA or 6.6TPT. So the lower table allowed should be 13.2TPT/6.6TPT. As you go to higher tables you can lower the rake and still cover the OC so with this you can also incentivize high stake tables with lower rake.
To me, it looks like more users is the key to capping rake.
The issue with that is that it’s a bit of a circular reference. Hard to attract more more users with uncapped rake. To counter that, I’d suggest a larger airdrop for players who have played a certain number of blocks.
Dont have a problem with high Rake fee — portion of excess rake after expenses should go to stackers.
These are my recommendations:
The general community could def use an airdrop, if people have the tokens they have a reason to try the product, which is clean a solid product IMHO
New poker games – everyone doesn’t love holdem, personally I love Omaha, but offering Omaha, and 7 card stud may also be a good idea down the road
Perhaps offering a game that has limits, vs only no limit, that scares some people who are not familiar with playing
Best of luck – i enjoy the game, wish there were more tables going and more people playing, there are many times when i wanna play, but there is nobody to play.
Hi @PokerKings_Admin , given that the price of TPT has dropped to $0.048, and the average tx fee for each round is 0.15LUNA. Will it make sense to unset any tables below 5/10 TPT , and re-introduce the 1/2 TPT when the price recovers? At $0.048, 5/10 TPT tables essentially $0.24/$0.48, far below the smallest tables on online poker at $0.50/$1. Keeping the tables fluid based on the price of TPT ensures that the tables remain competitive yet ensuring the protocol operates at a slight loss rather than a major loss.
Thanks @MaxCallisto for the comment. You’re absolutely right. We’re going to be setting the rake fees to a half, while maintaining the current levels for smaller tables. The details are here: Rake Fee Adjustments
Understand that posting transactions on chain is costly, but can winning without seeing a flop be rake differently than post-flop?
Also, as there are not many players, it is pretty hard to get a full table, playing a table headsup / 3 ppl is not as attractive with the same rake, is it possible to take in account for number of players playing that round to decide rake %?
Also higher stake tables should be an option as the same operation will generate much more with less rake% to attract platers to play higher stakes. Max cap for rake / hand in Table denominated currency should be set?
Personally no limit holdem is fine for me but more variety definitely helps enlarge player pools.
e.g. Options for a round of bomb pot when everyone on table agrees to it for specific tables?
Side note, I know all hands are on the blockchain, but if there’s an option for us to review / replay ALL hands played and links generated to be available for sharing on social medias for people to showoff, this probably can bring more attention to TPT
