[DAO:aa7a947] Introduce a Minimum Offer Threshold for Marketplace Sellers

by 0xbc02db030361121dd43bbb2fcbcb4f9f98c1dc7d (Bestie)

I propose that the Decentraland Marketplace introduce an option for sellers to set a minimum offer price for their listed items.

Currently, sellers can receive offers on their Marketplace items without being able to establish a minimum threshold. This can result in sellers receiving a large number of extremely low-value offers that are unlikely to be accepted

Problem

I have recently noticed increased activity from new users making very low-ball offers on Marketplace items. While offers are an important part of the Marketplace and can create opportunities for buyers and sellers, receiving offers that are significantly below a seller’s expected price can create unnecessary noise.

For users who have email notifications enabled, each of these offers generates an email notification. While notifications can presumably be turned off, doing so creates another problem: sellers may miss a legitimate offer or a genuine opportunity to sell an item

The issue is therefore not simply the number of notifications. It is the lack of a mechanism for sellers to establish a reasonable minimum threshold for offers

Proposed Solution

Introduce a Minimum Offer Price setting for Marketplace sellers

When listing an item, or potentially after listing it, the seller would be able to specify the lowest offer they are willing to consider/accept

For example:

A seller lists an item for 1,000 MANA
The seller sets a minimum offer threshold of 750 MANA
Offers below 750 MANA would either be prevented from being submitted or would not trigger an offer notification to the seller

Offers at or above 750 MANA would be treated as valid offers and would notify the seller normally

The exact implementation could be determined by the Foundation (Regensis Labs) and community upon further discussion

  • Yes
  • No
  • Invalid question/options

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Here’s an example. I received 24 mana bid on a 24 parcel estate.

1 Like

Agreed, although I would suggest a default 50% of asking price as lowest bid. Otherwise, the buyer will be able to guess what your lowest acceptable offer is by trial and error and offer that.

That is one option. Percentage based is a good avenue to explore, eliminating the seller to adjust prices for each listed item.

Introduce a Minimum Offer Threshold for Marketplace Sellers

This proposal is now in status: FINISHED.

Voting Results:

  • Yes 99% 3,362,588 VP (12 votes)
  • No 0% 0 VP (0 votes)
  • Invalid question/options 1% 2,000 VP (1 votes)