Hey kids.
Yesterday I saw some complaints about how the accounts market works. More specifically, value inflation. Many users on the site have posted their accounts for sale at an inflated value based on the value of other accounts for sale of inflated value. My proposal is to create an account Ticker system.
How the system would work is very similar to how the current system works, the seller could put in a BIN or estimated value of their account, based on their own thoughts and research. Then, once the account is put up for sale, the 2 boxes are added to the bottom of the page, like in the mock up I created below.
The Account Valuation box would allow users who have been granted access to the Private OGs forum to place a valuation on the account. I suggest putting a restriction on who can put a value on an account in to prevent inexperienced users from disproportionately valuing accounts.
The community sourced valuation would be based on a fix criteria. What does the user submitting the value believe a fair, agreeable BIN value would be. The submitted values would be averaged and displayed along with the discrepancy between the seller submitted BIN and the Community BIN.
The goal of the feature is to bring down the value in accounts that are not being sold to prevent accounts with buyers who want to sell their accounts from overpricing, and not selling their account. Lower prices will increase the activity of the market and drive users back to the platform in hopes of being able to purchase an account for a cheaper amount due to the price drop this will surely cause.
Please respond with feedback on how to better work the community sourced appraisals box to maximize the likelihood of an account being sold. Thanks!
Yesterday I saw some complaints about how the accounts market works. More specifically, value inflation. Many users on the site have posted their accounts for sale at an inflated value based on the value of other accounts for sale of inflated value. My proposal is to create an account Ticker system.
How the system would work is very similar to how the current system works, the seller could put in a BIN or estimated value of their account, based on their own thoughts and research. Then, once the account is put up for sale, the 2 boxes are added to the bottom of the page, like in the mock up I created below.
The Account Valuation box would allow users who have been granted access to the Private OGs forum to place a valuation on the account. I suggest putting a restriction on who can put a value on an account in to prevent inexperienced users from disproportionately valuing accounts.
The community sourced valuation would be based on a fix criteria. What does the user submitting the value believe a fair, agreeable BIN value would be. The submitted values would be averaged and displayed along with the discrepancy between the seller submitted BIN and the Community BIN.
The goal of the feature is to bring down the value in accounts that are not being sold to prevent accounts with buyers who want to sell their accounts from overpricing, and not selling their account. Lower prices will increase the activity of the market and drive users back to the platform in hopes of being able to purchase an account for a cheaper amount due to the price drop this will surely cause.
Please respond with feedback on how to better work the community sourced appraisals box to maximize the likelihood of an account being sold. Thanks!
- Type
- Suggestion
- Status
- Denied
