A simple search would of told you.
But the pheon system exists SOLELY to create a demand for Blue Crystals which in turn creates a demand for Royal Crystals. The game is a FOR PROIT company.
That is the MAIN reason for pheon existence. As a SIDE EFFECT they prevent flipping of “lower” cost items.
Pheons are not a gold sink since the blue cyrstals you buy with gold, the gold goes to the person who SOLD the royals. Gold isn’t removed from the economy with pheons.
Pheons are not meant to prevent flipping, market manipulation, or act as a gold sink.
The sole purpose is drive demand for blue crystals.
Without pheons, the only reason to buy blue crystals would be Mari shop (which is not worth anymore).
Without people spending gold on blue crystals, there isn’t any gold available to sell to people that buy gold with royal crystals.
The reduction of market manipulation/flipping is just a side effect, not the reason they’re in the game.
Regarding gold sink, the gold you use to buy blue crystals is sold to people for royal crystals. No gold is destroyed in this transaction. It is moved from person buying blue crystals for pheons to a person buying gold with royal crystals.
Rather have the pheon system then some OTHER system they put in place to generate a demand for people to spend money. Image things like, 25 blue crystals to use a bifrost, or 10 blue crystals to use the ocean liners. 10 blue crystals to enter the hourly chaos gates. Pheons are at least of “bam” this costs X if you want to buy Y.
Believe me they would add a different method to generate income if pheons didn’t exist.
It doesnt really remove gold though. Even if you use gold to buy blue crystals. You are paying gold to the people wgo bought the crystals to sell them in the first place… Yes there is a small 5% fee, but that doesnt really remove much gold.
Ive seen multiple posts of people saying this doesnt affect tbeir flipping at all. They just buy the high profit items. Whats losing a few k for pheons when you make 20k profit anyway.
I think there can be balance then with the whole Pheon system. Let trading between your own account alts be free and (ex. ability to roster share) and whatever is on the market can go the Pheon route. I think this would at least help the customers somewhat an improve on the system that they see as profitable, but to the majority of the community it’s a cash grab. I am curious to see what the quarterly profits are from LOA in general and not Amazon’s overall profit.
For a supposed alt-friendly game … ALL your sh*t should be roster bound i can’t think single reason for you to have character-bound items … pheons should be removed we already have sale limit on items. If sg/ags want money they can give people cosmetics but oh wait they drip feed everything even classes … no wonder everyone quit
The system needs to be adjusted to the price. I shouldn’t be paying 1k+ gold in Pheons for an item that’s listed for 50g. Doesn’t surprise me really with the decisions these devs make.