Star Atlas Event Recap 63: Star Atlas Economic Forum February 2026

In this episode, hear an AI summary of the latest Star Atlas community event.  Full video recordings can be found on the YouTube channel of Star Atlas TV at https://www.youtube.com/@staratlastv.

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Star Atlas Event Summary

Hi, this isn’t Matt with the Intergalactic Herald. I am an AI. Welcome to my Star Atlas Recap of the latest Economy Forum from the Star Atlas Economy Team. The following summary of the Economy Forum was AI generated so no guarantee it is 100% accurate because I am an AI after all. If you want to listen to the entire recording, please check out the YouTube channel of Star Atlas TV. Enjoy the summary. Welcome back to the Star Atlas community, and thanks for tuning in to the latest Economic Forum! Led by Star Atlas Economist Chris, this session—coming just two weeks after the previous one—was packed with granular detail about market mechanics, policy pivots, and the official unveiling of a brand new advisory council. The vibe was definitely focused and urgent, driven by recent market shifts and some much-needed fixes to internal systems. Let’s dive right into the biggest news of the session: the Open Market Operations, or OMO, are getting a crucial new feature: buy orders. For the first time, Automata is launching a strategic buyback program, starting with an experimental offering of 75 Mamba X units. These ships will be purchased using Atlas drawn from the emissions curve, effectively turning this initiative into a new Atlas sink. The purchased assets will then be permanently burned, with the goal of supporting long-term asset price appreciation. We should see the official numbers and listing announcement for these Mamba buybacks in the coming days, so keep your eyes peeled. This bold move comes on the heels of some tricky revenue news. Chris reported that despite refreshing OMO sell listings on January 22nd—featuring assets like the Armstrong Imp line and claim stakes—zero revenue has been generated since. This revenue slump was tied directly to the discovery and immediate fix of a “Star Path exploit” that had been giving some users an unintentional 30% discount. With the exploit closed, the community has shown itself to be highly price-sensitive, meaning we could see a premature repricing of the existing OMO ships and structures very soon to stimulate volume. This leads directly into the biggest policy conversation of the day: the redemption recipes. Following intense deliberation, Chris confirmed plans to dramatically revamp the Mamba recipe, acknowledging that the existing process is too heavy—and not just in cost, but literally, requiring excessive freighting. The potential solution being heavily considered is integrating FIC (Factional Indoctrination Currency) into the Mamba recipe, and potentially all redemption recipes. This would help stabilize the value of the resulting ship and alleviate pressure on Atlas emissions, while also making the crafting process more accessible to smaller players who can’t handle the enormous freighting demands. Circling back to the community element, this strategy discussion was brought to the forefront by the newly unveiled Econ Vontara group. Taking its name from a lore term meaning ‘council of advisors,’ this small, six-person group was chosen blindly to ensure a diversity of opinion—a mix of ‘hawks’ and ‘doves’—to create efficient and concentrated economic discussions. Key Vontara member Larenor even joined the stage to confirm that the discussions are already intense, emphasizing that the group serves as a quiet room to distill community sentiment, not a secret society for sharing market-moving info. Crucially, the Vontara members will cycle every six months to prevent stagnation, and they will host their own free-form, monthly Vontara community forums to engage directly with the rest of the player base, separate from the official Econ Forum. Finally, a quick look at the data shows that the broader market context continues to influence Star Atlas, with Chris noting the wild volatility in Bitcoin hitting a local low of $65,000 this morning. Inside the game, daily active users are trending slightly downwards, hovering around 850, while overall Atlas emissions remain stable but slightly high at 10.5 million. Looking forward, the imminent launch of Hollow Sim Season 1, Chapter 2 is expected to be a major turning point, alongside the upcoming release of C4, which promises to exponentially increase game complexity—a crucial element designed to naturally limit the industrial-scale extraction of large, automated fleets. So, what’s the takeaway? Action is imminent! Keep your eyes open for the 24-hour pre-announcement regarding the new Mamba X buybacks and the updated redemption recipes, both planned to go live before the end of the week. And mark your calendars: the first Vontara Community Forum is scheduled for two weeks from now, with the next official Econ Forum following in March. Stay tuned, and we’ll catch you next time!

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Star Atlas Event Transcript

Hello.

Hello. Seems like people are rolling in. Got about 31 people.

I’ll give it little bit more time before we get started. Um, probably hopefully we’ll hit about 40 people and then then maybe we’ll get started.

Good morning or GM as as the kids say. What day. What what an interesting morning it has been.

And have no sidekicks up here to to banter with me.

So, it’s even more interesting.

Okay, we’re at 31. We seem to be going down 30. Oh, yeah.

They say 67.

Yeah.

You know, the funny thing about that is um it apparently doesn’t really mean anything is my understanding.

So, um just don’t really understand this this group’s sense of humor. They can’t even like have an actual reference.

You know, back in the old days, we had YouTube videos.

You know, the first 20 YouTube videos were amazing meme content. All right, it seems like we are perhaps going to top out at 30. That was little bit of bummer.

That is little lower than we usually get to. think last forum we were at 52.

Now, um couple of differences between this one and and the last one.

Yeah, we keep losing people.

It’s like we’re we were at 35 and now we’re at 29. Um at the last uh econ forum, as you guys probably know, and you might uh be wondering why we’re here, is that um it we were little bit delayed on that one. Uh we came back want to say on the first day of the new of uh January on the first Thursday of January and we like to do these on the first Thursday of each month.

Uh you know obviously did not have time to get anything meaningful together uh for that presentation.

So we decided to delay the econ forum until the third Thursday of January.

So that means that this one is little bit early or at least there’s small gap between this one and the previous one.

So uh apologies for kind of the the quick turnaround there. Uh we do have quite bit to kind of chat about today.

So think it’s perfectly appropriate that we’re meeting again. After this we’ll we’ll just go another four weeks. Um in March we’ll do the first Thursday of the month like we we have uh historically done.

So there’ll be um you know tons of stuff to go over uh especially by March. Um we’ll have some very very interesting uh stuff to talk about.

So that’ll be that’ll be lot of fun.

But for now we are going to uh let’s let’s kick off the SACON forum. Let me share my screen.

Okay. First need to stick you guys over here. go slideshow.

keep switching the format of my uh my slideshows. Last week was in latte. The week before tried to use or sorry, the month before tried to use um AI to fully generate the slides.

This time sort of used little bit of AI and then uh little bit of my own magic.

You can see my nice uh upward trajectory uh uh price chart here.

This is just to give us some feeling, some warm feelings to combat the uh negativity in the market. Um so, you know, just pay attention to this line and forget the Bitcoin line. You don’t even have to look at it.

You just pay attention to this one. Um so, welcome to the Stars Econom Forum. Uh my name is Chris.

am the economist here at Statlas. Um feel kind of silly for explaining this because think the people who are here are probably you know uh well aware of of uh what Statlas is, what this econ forum is and who am.

But just in case you’re not, this is an opportunity for uh me to give you guys updates on the econ side of things in the company. uh talk about data, talk about um policies, talk about different you know economic changes that have happened over this the course of the last month.

And then of course the most important part and one of the themes of of this forum and our uh our Vontara forum which I’ll talk about uh later in the presentation uh that will happen two weeks from now um is to engage with you guys, allow you to ask questions, allow you to to um basically riff back and forth with me and uh challenge me on stuff when needed.

So uh without further ado, it’s uh let’s start uh let’s get into our agenda. Today is going to be mostly would say lot of like talking conversation uh topics not ton of data this time around uh for number of reasons. One of them it’s only been two weeks and uh as you guys have probably seen we are working with limited uh crew here at Automata.

So, lot of different tasks have kind of come onto my plate and so uh deep deep data analysis and and data science is is kind of uh on the back burner uh you know compared to previous forums. I’ve also only had two weeks.

So, uh we’re going to go through an OMO update. I’m just going to discuss the latest numbers. The um also remind you of the uh listings, the quantities, the prices um that we put out couple of weeks ago just after the last forum.

Not whole lot has changed on the uh open market operations side of things. Uh just you know kind of spoiler there. Then we’ll move into probably the most significant uh topic for today is the Vontara update, the Econ Vontara.

Uh, for those of you who don’t know what Vontara is, it’s play on words uh that uh our lore master Chos uh put together. think it means something like I’m blanking on it maybe like wisdom king or something.

It’s basically combination of uh of uh words in uh Galia native language. Uh so it’s kind of you know council of advisors you can think of it. Uh so we’re going to talk about that group, the selection process, what we’ve been doing over in that group and and uh lot more I’m sure.

Um and then I’m going to just give you little bit of data. We’re going to talk about econ star atlas econ and then maybe little bit of broader econ as well.

And then we’ll move into Q&A. Uh expect this conversation to be little bit briefer than our previous ones. Um there’s not ton of hardcore data or analytics to go over.

So, I’d like to take as much time as possible answering questions um and and kind of uh allowing people to talk. In fact, in kind of in light of the Vantara update, think it would be interesting to maybe even have some people come out of stage, especially since it’s just me up here.

So um let me just check in with the comments.

Looks like people can hear me, so that’s no problem. Uh hello. Oh, somebody has an explanation for the 67 story.

Um, but will just ignore that for now.

Okay. Um, going into our open market operations update, uh, we put out the following table on January 22nd. We listed uh, slew of new assets.

Well, not new assets, but we pulled down our old listings, our open market operation listings, and we put up new open market operation listings. And you can see it’s lot of uh mining stuff.

It’s the Armstrong Imp line and the claim stakes uh all got kind of some revamps.

So they’ve got new prices. Uh they’ve got uh quantities there. Again, all of these are based off of market data.

So we um we calculate the quantity and the price based on the last time periods of trading data.

Some of these are lower volume or sorry lower quantity assets and so for those we need to use longer trading period and so there is bit of uncertainty around bigger assets that require uh more time to collect data right if for example the flimble flimble sled barge has only traded 10 times in the last year well it’s hard to collect data on what is the accurate price right now so um you know to kind of explain the process here we use combination of data and combination of intuition, right? We’re not going to we may manually adjust these prices as we see uh needed.

Now, that said, we obviously this this release was less than two weeks ago.

It’s very very short period of time uh has passed since we released this, but since then we haven’t seen any uh ship or structure revenue um since January 22nd. Um, prior to that, the period, um, between January 22nd and the start of Almo, we did see, think we saw around maybe over $30,000 worth of revenue come in from this. Um, couple of things have changed.

Uh, obviously the, uh, overall market has taken quite turn. Um uh the other thing that that that changed was apparently there was an exploit, not really an exploit, but feature that was still live uh from previous campaign um that basically gave uh certain people like a pretty significant discount. This discount was around 30%.

So what we suspect is that lot of people were operating with an even steeper discount than the open market operation prices. Um perhaps paying as little as 70% of the open market operation price that you see there on the right hand side.

So, we plugged that exploit up and my understanding is that um uh my understanding is that our CTO uh has removed that exploit and so people are no longer getting that 30% discount. Um, now what this tells me if that is the case, and still need to look more into this, but if that is the case, um, then that’s pretty solid evidence that um, lower price that our our users are price sensitive and that we can lower price in order to drive volume, right? If you increase price by some amount and you generate zero revenue, well, that means that your price is too high.

If you drop your price and you generate revenue, that means your prices you’ve you’ve ex you’re exploiting the elasticity uh of your prices. Uh so we might need to draw these prices down and that’s why have here that we could see potential repric early. Um we had talked about monthly cadence for the open market operations uh reprices.

So we could end up with premature repric.

Basically what we would do is we would have the same assets. we would look at the current uh pricing.

Yeah, the star path exploit is um is is the one that we’re talking about uh Lenor.

So, uh, what we could end up with is basically everything here stays the same except for we update those prices, um, to account for recent volatility in the overall crypto market, but also um, to try to account for that exploit because again, um, you know, if if we’re able to generate revenue at price P1 and we’re not able to generate any revenue at all at price P2, well, that tells us that price P2 is is um, completely uh, it’s an unviable inviable And that’s the whole point of the open market operations is to be an active participant in the market. Uh we’re still seeing volume for ships and structures.

You can see 37,291 USD has been traded just in the last two weeks. Uh so the fact that 0% of that is uh from Automata sell orders tells us that okay maybe our prices are little bit messy. And if you look at the order book indeed you’ll probably see that is true.

Um okay so the other side of open market operations we talked we’ve talked lot about selling uh behavior. The other side of open market operations is um open market buying. Uh we’re selling stuff of course uh we need to generate revenue but we can strategically buy assets as well for several reasons.

Uh some of the notable reasons are first of all uh way for players to potentially earn in different ways. can trade in my Mamba to Automata for Atlas.

So that’s an additional earnings mechanism there.

But also can um uh there is the possibility at least in the long term of these uh buy orders since these buy orders result in the burning of the ship. It could result in long-term price appreciation of these assets as the supply decreases. Kind of typical quantity theory of money.

uh that may not be true in the short term. It may or may not be true in the short term, but it’s probably true in the long term.

So, the idea here is to go very light. We’re going to this is think of this as test more so than some massive overhaul. We’re going to list 75 Mamba units for purchase.

Um, and we’re going to use Atlas from the uh from the uh from the Atlas emissions curve.

So, this will basically be form of Atlas emissions.

Okay. And we will list these uh for sale by uh think it’ll be the DAO uh account will be the one listing these assets as opposed to Automata. Uh so it should you know that the the the seller will be the DAO.

they’ll purchase for Atlas. Very identical to how Ephic works. We’ll only list 75 of these units.

There is there is an error in this slideshow. Um, lot of this stuff was being discussed in the Ventara group, which I’ll uh go over in just moment, uh, minutes before we got on here. And this should say, um, uh, the the price is to uh to be determined.

It may be uh the equivalent of $100 in Atlas. It may be uh less than that.

So, we’re still uh deliberating on that calculation. It’ll most likely be uh 5% above what we determine as the uh market rate for the MA X. The idea is to uh to drive little bit of interest in this asset um in order to motivate.

If the price is too low, then nobody’s going to, you know, nobody’s going to sell into these because, well, can use it to produce more valuable stuff over time. Um, so that is the our first buy order for open market operations. Um, and this is hopefully the first of many.

And again, this is more of an experiment. Um, we just want to test it out, see how quickly these units go. Uh, see how much interest there is in the, you know, among the community.

Um, Okay. I don’t I do want you all to be aware that this $100 uh price tag is is very much tentative. It may be lower than that.

Um unlikely that it is higher than that.

And then we’ll convert that into Atlas.

Okay.

Yeah, see some see some comments. Uh please do not make any purchase decisions uh before this is finalized.

We will um we will list the final numbers uh you know when the time is appropriate all those all those orders were just snatched up. Um hopefully not. All right.

Just grabbing sip of my uh my coffee.

That’s the it’s this is the sad cup of coffee that has been sitting around for while.

So put it in the the mug and then heat it up in the microwave.

There’s something about There’s something about microwave coffee that is absolutely disgusting, but still drink it every single day. Oh, yeah.

No, sorry.

That’s not me drinking coffee.

That’s me buying Mamba X’s.

No, no, it’s not.

Okay.

So, um you know, not whole lot of action here. probably have belabored this slide little bit too much. um volume not coming or volume still coming through for ships and uh structures but no revenue generated probably due to price mismatch um because that that all of our data all of our previous data assumed there was not natural 30% discount.

So now that we’ve tidied up that star path discount we’re going to see completely different um you know uh behavior.

So, so TBD on potential reprice uh for the OMO listings that are currently outstanding. We might come in and and uh and repric some of those um to try to drive some, you know, more competition. Um and then obviously the Mamba orders are going to be coming online.

Those could come online as soon as the end of today or or tomorrow. My goal was to have them uh come out uh today, but again uh TBD I’ll we’ll put out an announcement. Um, think that it’s uh wise to have about 24-hour runup to an event like this because it is something you want to prepare for.

So, unlikely it’ll be today just because want to have the announcement out before we uh we do the listing. Um, want to give everybody uh an opportunity to uh participate in the buyback. Um, and then there’s little bonus here on the bottom and that might be actually better to save until the end in the Q&A and maybe we get some people up here to have an interesting discussion.

But we are going to do that redemption recipe update. Uh, we put out recipe update couple of want to say the beginning it was either the beginning of January or end of December. Uh, believe it was beginning of January.

Um, oh maybe it was right after uh the uh econ forum. Anywh who, we put through an update that significantly reduced the amount of uh resources. This was before the break, so this would have been in December.

We put put through an update that significantly um uh reduced the amount of materials needed for redemptions, and it’s still too high. Uh it’s still above market rates.

So, we’ve got some really fascinating stuff. think it’s worth maybe opening up uh to the to dis for discussion, but we’re going to revamp those redemption recipes. would like that th those redemption recipe updates to go out at the same time that the Mamba buy order goes out.

So, that’ll hopefully all happen before the end of the week. Um, but again, will put out an announcement that will uh pre-announce those uh those things by maybe not full 24 hours, but you know, roughly day. Um, at least as far as I’m concerned.

If if get night’s sleep, then that counts as 24 hours.

Okay, let’s move on. and talk about kind of the big topic for today, the Econ Vantara group. Um, vantara is term uh again coined by our lore master chose and it kind of refers to group of people who are don’t know wise you know you could think of them as as counselor economic counselors.

Um so this is group that uh that we put out we put call for applications out couple of uh months ago. finally had the chance to review them and and select our group.

Now, you’ll notice it’s very small group. Um, this isn’t play testing group. It doesn’t need to be 15 20 people.

want to keep the conversation concise and want to keep it um want to keep it efficient.

So, one thing you’ll notice here is um there’s only six people.

And then the other thing you’ll notice, and kind of took took some liberties here to try to describe each person um or each each member, you know, I’m curious how they’ll feel about my uh about my assessment here. Um but basically, wanted very uh diverse group of opin uh you know, group of diverse set of opinions. wanted to have people who were who were little bit more hawkish, little bit more dovish.

Um, wanted to have people who were both very maybe very technically skilled engineers all the way to people who were maybe more on the kind of gameplay uh, you know, side or or you know, investors.

So, we kind of tried to um to I wanted to kind of cover all of our bases. Um, very important to note uh, this group will almost certainly cycle every six months. Um, may be all members, maybe some members.

Um but the idea here is to create um is to create you know just a flourishing uh environment. We don’t want stagnation. We don’t want people to get stuck in their ways and we don’t want me to get stuck in my ways.

Um so think by by cycling this group over time we’ll end up with um we’ll end up with um you know some uh uh you know variety and and and consistent breakup of kind of uh you know we don’t want mundane uh thinking processes. Anywh who uh so so that’s the logic behind the you know the choices that we ultimately made. Uh, do also want to point out the application process was judged blind.

So I literally the first thing did got the spreadsheet and I hid um all the columns that pertain to people’s identities. Uh anything that could could identify them.

So all had was the answers to their questions. Um, so would say like my advice moving into the future if if we, you know, uh, uh, when we put out the next set of, you know, the next call for applications, think it’d be very valuable for for you to think about those questions little bit harder. Um there were some you know once finished my evaluation and revealed um the results would say some people maybe think they might have been relying on their name little bit too much like they they didn’t feel like well you know Chris knows me so don’t need to don’t need to put you know ton of effort into this and and while that is you know that is probably going to be tiebreaker if I’m choosing between two candidates I’m like well you know what just really can’t make decision.

Okay, who’s that? Oh, okay. This person is little more doubbish.

This person’s little more hawkish. I’m going to uh I’m going to go with this this hawkish person because think we need that uh to balance the group. Um but other than that, like don’t rely on your reputation.

Answer those questions. Uh some of the best some of the better uh applicants and some of the people that chose had very solid uh well thoughtout answers to their questions. Um pretend that don’t know anything about you.

Pretend that I’m judging this blind, which is what happened. Um, so now that I’ve kind of explained the application process, um, yeah, so this is a, uh, this is good good question, Laren.

Actually, and maybe this is like, you know, think this is like maybe more political terminology. Um, and hope didn’t get this wrong, but my my understanding is that hawk is somebody who’s little bit more uh, critical, little bit more skeptical.

You can think of this as almost think of this as like bear, you know, like bear bull. Uh that terminology seemed completely incorrect to use.

And then dove is somebody who’s little bit more friendly, little bit more um kind of don’t know, bullish. Uh again, that’s not the right uh you know, type of of of terminology.

Yeah. Tight tight and loose. Um so yeah, that’s that’s kind of the terminology there.

And think uh you know again I hope didn’t offend any of the members in this group by by assigning you guys uh these thought it was kind of fun.

So hopefully hopefully you think it’s fun too and you’re not offended. If it if it’s offensive, please just let me know. I’ll I’ll never make qualitative uh judgment again.

I’ll stick to my numbers.

Okay.

So we’ve got this group of people, six people, very small group. Uh the idea is to have intense concentrated and you know very uh very yeah very concentrated conversations and discussions. Um so one of the things that we started to do on February 3rd once the the group was announced and and we kind of got everybody into the room.

Um we immediately went to work on that open market operations uh discussion.

So okay here’s what want to do. want to buy these Mamba X’s. want to buy this quantity at this price.

What do you guys think? want to want to offset it you know emissions in in such way. Uh so we got into very very deep discussion.

Um obviously it naturally tended towards bigger problems bigger uh picture stuff.

Okay. Um which think would be good oper uh opportunity to to kind of go over some of those discussions in this call. One of the um one of the main topics that kept reoccurring was or that kept coming up was uh what to do with the Mamba redemption recipe.

Uh so we talked about well we can try to balance it so that it’s you know so that it’s competitive with fix and LP. Um but Lenor has uh made this suggestion multiple times and think couple of other people have also made the suggestion.

This is something we’ve been thinking about for while. Uh but we are considering very very heavily considering uh putting fix into the Mamba recipe and indeed into all the rest of the redemption recipes.

So uh the idea would be that you know obviously we will have the other assets in the recipe but we would add fix to the recipe. Um there’s lot of benefits of doing something like this. The first one is um obviously fix are kind of pegged, right?

Like you can if you have FIC, you know that it’s worth two hours or 2. 2 hours.

You can always turn it in for that redemption value.

So that’s kind of cool feature is there’s kind of this beautiful um uh there they’re effectively pegged, right? Um, and the other thing that it allows us to do is by pulling fix out of uh, circulation like that and using them to craft ships, we are also naturally going to lower atlas emissions and they’re going to it’s going to basically be direct substitute uh, for atlas emissions into these ships.

So, it’s kind of cool interplay there. Um, let me make sure. Uh, yeah, think that this would potentially be good good chance to just have maybe 10-minute discussion on on that topic.

Um, and don’t know if anybody if anybody feels, you know, they ask questions, comments in the in the comments, if anybody’s, you know, feeling very ambitious and wants to talk on this subject, uh, the the Mamba buybacks and the the redemption recipe changes, let me know and I’ll I’ll invite you onto the stage.

Yeah, 10 minutes.

That’s our limit because want to want to talk about Bitcoin.

No, I’m kidding. The first time think I’ve ever cared about Bitcoin is this moment. don’t know if want to get the whole econara just because we are going to be doing that.

Um uh oh forgot to mention that but we are going to be doing that uh once month econara forum uh which will be different than the econ forum um but you know can uh yeah the the econ chat is is quite uh is quite active um which is nice but it does make it does make my job little difficult because um the data is is difficult to export and can’t just don’t trust an AI to to tell me what all you crazy people are uh thinking. Oh, changing room.

Okay, Larenor is going to come on.

But yeah, so so should uh mention while we’re waiting here, uh put this in the announcement and we’ll put out another announcement. Um think we need to schedule these as well in the discord but we’re going to be doing once monthly econara forum.

This is going to be much more free form and much more would say vantara. will maybe you know do little bit of administration but um it’ll mostly just be talking about things. Um might not even be there.

This is really an opportunity for uh the Vontara to discuss with the community the the rest of the community um different topics, different questions um and perhaps even you know discuss some of the things that we’re talking about in the Ventara assuming they’re not too sensitive. Um though don’t think there’s anything in the the Vantara that’s so sensitive that it can’t be discussed outside of it. Um it’s not really the the nature of the the the group.

The point of the group is to um is to create an environment where it’s just little easier.

There’s little less noise and it’s little easier to kind of get to uh solution. Uh the Mamba is really great example. This whole buyback system.

Oh, Larenor is here. >> Hello. >> Hello.

Hello. How are you doing? >> Hey Chris.

>> Hey. Are you gonna explain? >> Oh, you you put me in room to annoy you even more.

>> know. don’t don’t know why did that.

Well, figured figured couldn’t be taken seriously unless put you on the Vontara. figured people would assume that I’m not just making it group of of, you know, of my my biggest fans.

So, my my greatest >> my greatest critic is now on stage. >> Oh my god. wouldn’t say critic just like I don’t know.

>> No, just annoy my figure. Just put it like that. >> No.

Um, no.

No, you’re very much appreciated. >> I’m very I’m very I’m very grateful to be there and also don’t know. think it’s important.

I really liked the idea of the group even even if I’m not there eventually when it switches to other people. because don’t know there’s there’s lot of value to to get from actually having direct channel with passionate people, people who are very invested, not just money but time and energy.

So I have to applaud the initiative.

It’s very very good and it started like right away as soon as the room was created. We just went went edit like that chat is don’t know 500 messages or something. >> Yeah, was was really happy with that.

was little worried like okay am gonna have to you know prod these guys to start talking but um it it happened really really naturally.

So yeah, totally agree. think it’s very nice uh it’s it really is what what was needed. Um it’s it’s really cool group.

So um yeah, thank you. Thank you for for you know being there and and uh participating.

It’s been it’s been really cool to see. Um am curious uh so so maybe you know maybe we should just real quick kind of reiterate some of the concerns around the Mamba uh buyback program and why we think that Mamba recipe update is necessary. If you wanted to don’t know give your thoughts on why we should update the the recipe that could be uh insightful.

Oh sure. Um, okay. think think the main the main problem with the current recipe is that it’s too heavy and and I think I’ve said that at the at the the Penta group.

It’s like heavy not as in expensive. It is expensive, but rebalancing it would be very good to do it.

Not just thinking about the the value of the components inside it, but also how much freighting is needed to move it all to CSS.

That’s that’s the main problem right now with that recipes like it’s lot of freing and and I’m not even thinking about like crafting and all that crafting time and all but uh and I had suggested uh in putting more STUs inside the recipe because SUS are high value but low weight you can move them much easier. >> Yeah. and and then the whole idea of putting fix inside the recipe came and then don’t know what you’re going to do exactly because just just just disclaimer Chris is not like sharing stuff with us before it’s going live.

He’s just like sharing ideas so there’s no like insider information like oh let’s just start buying mumbas because the recipe is going to do this and that.

We have no idea how the recipe is gonna come out. >> But >> yeah, good point. >> That was my take on the recipe.

think that’s my main concern was just like it’s too heavy. >> Yeah.

Yeah.

That’s that’s an interesting insight and that’s that’s one of the types of things that like you know me me sitting with my uh with my data and all these different you know uh moving parts, it’s easy to forget about the literal weight of the recipe. um you know it’s like oh actually this is not just heavy like it’s not hard recipe it’s not heavy in that way it’s literally physically heavy like it takes dozens and dozens of trips just to move you know the material for single um you know for for small portion of this recipe.

So um that was that was very valuable insight. And so one advantage um I believe from using fix and uh and more heavily waiting SDUs is that it lowers the weight of the recipe. Uh perhaps makes it little bit more accessible to uh you know we call small players.

Um so that’s that’s kind of cool feature is is that it becomes more accessible. Um and then the secondary feature is that it also becomes more stable. Uh the value of the thing becomes more stable because fix are so uh grounded again to Atlas which is really cool.

>> Yeah.

It’s just bag value. >> Yeah.

Yeah.

So uh yeah.

No, I think you did great job at kind of explaining the issues with the recipe and and how we’re you know planning on on uh fixing those.

So um we have some questions. I’m just going to real quick >> Can add one thing real quick? >> Oh yeah, for sure.

is the is the think the the biggest not the biggest but one big big element of including fix inside the redemption recipes is currently the the fake loop is like ruthless if you don’t like catch the the refill refill real like exactly when it happens you’re just out because >> bigger players are just going to like move hundreds of thousands in the matter of one two hours with lot of rating and then even medium players can’t compete with that like it’s crazy but now if you have something that you can use those fix for it just like removes that element of like oh [ __ ] I’m not even going to do fix because can’t compete with anyone now like whoa now have an incentive to do that and actually play at my own pace or whatever. >> Just like think think that’s very interesting. >> Yeah, absolutely.

Um and we have historically limited you know the number of uh recipes that are craftable. Um think that’ll be the tricky part. My one worry is that if we make it so attractive that everybody just comes in and dumps all their you know whatever material craft.

Um, so that you know that that’s why when you know when we were originally talking about this was like well you know maybe we drop the recipe by some uh you know percentage and you know think everybody was like well that’s not enough and was like yeah but we don’t want to uh yeah I use the analogy um you know once the use salt but as an example but uh you know it’s like once the salt is out of the this the shaker there you can’t put it back in.

you know, if you accidentally dump whole thing of salt in your food, you you kind of ruin the dish.

So, >> yeah, Brazil, we use like toothpaste for that analogy. >> But, uh, you know, but, you know, there’s also such thing as too little salt in dish and then it tastes like, you know, nothing. Um, so here let’s uh I I really really appreciate the the comments uh and you know the explanation and definitely also want to reiterate what you said there about uh information the discussions that we’re having in the Vantara.

don’t want it to seem like there’s some sort of like secret information that’s passing around. It really is just a quiet room where can get people who, you know, who are leaders in the community and are very, you know, smart and quick. Uh get them into room so that they can almost kind of be representatives of the community.

Um and and kind of distill whole bunch of different voices into one voice. Uh that’s the whole purpose of this this group.

it’s not to disseminate secret information to this group of elites or something like that. Uh so yeah, appreciate the comments there. Uh you know, I’m mostly giving structural or uh theoretical, you know, outlines.

Hey, here is you know, here is the rough outline. We’re we’re thinking about selling some Mamba X’s at roughly, you know, this price and we’re going to, you know, pull emissions from such and such. What do you guys think?

And then it and then the discussion ensues and then we’re able to take all that information and then come up with very specific plan. Um so yeah, very much appreciated. Um don’t want to have you don’t want to force you to stay up here all day.

So, I’ll have you um if you want to step down uh step out, Larenor, from this stage, uh you can you can go back to your your your uh old room and uh and take little little break, but uh I’m going to move on to some of these other questions. >> Yeah.

Yeah.

Okay. I’ll um Yeah, I’ll I’ll leave I’ll leave it to you guys. Like just wanted like just it just felt like it was good to don’t know just point out like how how the ventar is structured or structured just from an inside perspective.

Uh because there’s always this like, oh, they’re they’re they’re getting the the good stuff before us and it’s like uh no, >> we’re actually like >> putting lot of lot more time than most people just discussing stuff and circling back on lot of stuff and mean like it, but >> yeah. >> Yeah. >> No, it’s it’s commitment.

Yeah, absolutely. Thank you. Thank you, Lenor.

Um yeah, it’s commitment and and that’s another thing like um I the first message sent to the group was hey guys here’s here are the expectations um here’s what we want to accomplish. Um and so it is it is bit of you know it is kind of sacrifice to to uh be willing to engage at that level. Um so yeah it’s it’s it’s been it’s been very cool experience.

Um there are there’s a question from farther up from Meera. uh that that uh that wanted to address. Uh script highrisk scripted ship mining uh has effectively destroyed mining profitability because ships can mine indefinitely and be stacked into fleets allowing small number of players to generate massive output while real player time becomes nearly worthless.

Given that, can you explain concretely how claim stakes change this dynamic? Specifically, how do claims reduce effective supply or limit industrial scale extraction rather than simply adding another layer of production on top of an already overs supplied system? Um, so there’s lot lot to unpack in there.

Um, so the first thing would say is, um, and this is perhaps little controversial to to say just in an econ forum, but my my hope and, uh, our plan is to, uh, slow the rate of production of assets that are currently in stage significantly with the release of C4. Um and then kind of cor corlary to that or you know kind of side uh side effect of that actually this is the main effect is many of you know the number of unique items in C4 is going to explode there. We’re going to go from you know couple dozen to uh couple thousand uh actually it might be couple 10,000 um unique items.

So these are different resources, these are different components, these are craftable items, these are ship parts, these are buildings, these tons and tons of different uh recipes that you can craft. Um, so obviously the variety is going to explode the space. When you’re talking about someone with hundreds of ships or hundreds of thousands of dollars worth of ships and their whole entire focus is on mining, think 10 unique resources and crafting dozen or so components that are ultimately result, you know, in three or four unique items.

It’s very simple game loop and quite lot of capital or or you know uh money that’s kind of concentrated on those very unique and specific uh or limited sorry um items.

So that’s the first thing is that the strategy space is going to completely explode in C4.

It’s going to explode to such degree that um you know it’s it’s it’s scary. mean, it’s like there it’s kind of scary thing to even to work on how many items there are um and and how many unique recipes there are.

So, that’s one thing that would say is like scale in general is just going to be very difficult to achieve in C4 just because of how many different pipelines you have to manage. Could single person potentially get to point where they are producing absolutely everything in the game at exactly the amount that they need to produce every single day?

Yes, it’s possible. Um, but don’t can’t conceive right now of of how one would do that. Um, and you know, can’t even think about how much money would be required to to get to that point.

So, um, that’s the first thing is there’s just this natural barrier because there’s so much to do that it would be very difficult for someone to scale up their operation uh because of that complexity. Um and then you know on the note on this topic of claim stakes is this automate automated process. Um, you know, think about Factorio.

Uh, even think about Eve Online. Those games aren’t like super interesting because mining is this fun active gameplay mechanic, right? Like when mine in Eve Online, click couple of items in menu and my ship warps to location and starts mining.

I’m not like actively engaged in that um in that process. what C4 has uh what what C4 offers is much much more interesting and robust economic system to you know engage with. It also introduces combat and you know said this many many times combat adds completely new uh mechanic that will that will totally flip the entire economy on its head.

So, um, you know, to think that that’s not going to that people are just going to be able to, uh, set their claim stakes up and produce infinite quantities of of goods is is, um, is, think, little bit simplistic. Um, there will be so many different items. It’d be very very difficult for one person with with, you know, handful of of claim stakes, even tier five claim stakes, to be able to produce everything that’s required.

Um, and to be able to do everything that’s required. Um, you need defense to combat uh oppon you know bat uh enemy ships that are trying to you know disrupt your operation. Uh you need to protect the star base, the local star base that you’re mining at so that uh you know the the enemy faction doesn’t take control over that star base.

And then also you’ve got to just divide your attention up across dozens if not hundreds of different production pipelines.

So, um think that all the complexity really does help to uh to combat this. Eve Online is an immensely complex game. It, you know, whether we like to admit it or not, it is more complex than Sage currently is by by far.

And that complexity is what makes it basically, you know, very very very difficult for one person or handful of people to accumulate lot of wealth. That all said um I don’t want to, you know, there are the vast majority of the wealth in Eve Online, which is, you know, use that example because it’s one of the greatest video game or digital economies to ever exist. Um the vast majority of wealth in Eve Online is owned by handful of people.

This is not like, you know, it’s not like this this perfect normal distribution of wealth in Eve Online. It is also highly highly highly um uh lopsided just like our economy.

So one of the reasons think maybe it feels uh you know shining you say scripted ship mining has effectively destroyed mining profitability because ships can mine indefinitely and be stacked into fleets. Um you know that there’s there’s some potential logical flaws in that statement. The primary impact of profitability in Sage has most to do with the decline in the Atlas currency uh which has most to do with the decline in the greater cryptocurrency uh market.

So um don’t want us to get too hung up on this this idea that you know the these automated loops are what are causing kind of reduced profitability. think that’s perhaps uh not the most accurate you know description of what’s going on. Um, okay.

have probably spent little bit too much time on that answer, but do think it’s an important one.

So, um, do want to did want to address it.

So, um, have been arguing with us for some time now. I’m totally on board with this. Let’s see what is this.

Using fix and ship recipes is very interesting move to alleviate the pressure on Atlas since 100% of the fix sold would become Atlas and large portion of the resources small players are held back because they don’t have enough freight to deliver them on time. Using fix and aversion of the recipes will allow even small players to use these health bank system. mean think we already discussed that.

kind of agree with that. I’m going to scroll little bit further down because I’ve gotten um quite can’t get up on stage stage but here’s my contribution. Oh, thank you Neo.

I would would love to have everybody up here, but I think that, you know, we want to save we want to save the full magic of having the Vontara on stage for the Vontara forum, which is in two weeks.

Okay.

So, apologies there. Um, Victor’s surprised that he’s dub. He’s just too nice.

You you you such sweet guy. Um, okay. Let’s Everybody thinks they’re Everybody thinks they’re they’re hawk.

Maybe everybody is hawk and I’m just I’m just soft. Uh, you don’t need to make ideal repric. would drop little by little until we are good.

That’s good point, Bob. Um, you know, small small changes over time. The tricky part is the team is quite uh strapped for for um you know we’re pretty low capacity right now.

So prefer to do you know one repric every couple of weeks as opposed to bunch of reprices maybe one or two week. That would get little cumbersome. Um can we get the team to burn maxes as well?

Would love to sell convert these to larger ships but super hard to do if volume slows things down.

So Krabby, we are burning all the ships that we buy in these buybacks. Uh just uh not sure if that’s what you’re referring to. Oh man, there’s lot of comments.

Oh my gosh. Interesting. Would love to even just redeem Max’s for ship credit.

Not even just Atlas or USD, just the ability to convert them to higher, larger ships. We’re just gonna create we’re gonna create secondary currency which which which is very interesting um Krabby but um do like that line of thinking but you know it does kind of just like okay so we need like ship credit system and then it’s like okay that’s its own currency uh which is very cool. Uh Jindo has funny quip.

Okay see Zax with a ping on me. I’m still behind five minutes on these comments. I’m going to say uh what I’ve been saying for many months of the econ forum.

You have to reduce the emissions in slope instead of huge cliff. Start making us used to losing 20% month now in Sage instead of causing more disappointment of losing 80% mining power when new project is launched. Um hear you.

hear you. Uh that is hard cell when uh when markets are kind of um the way that they are uh to to also be reducing emissions or or increasing costs. totally agree.

think that there’s just lot of moving parts and lot of um there are lot of stakeholders uh in in this decision process, ZLAC.

So do agree. think like step down would be would be wise decision. And and you know, we’re not we’re not looking at we’re not hope we’re not looking at an 80% mining power reduction.

Um but one thing to keep in mind is that there are going to be some um they’re going to be materials that are much more easy to mine uh with claim stake than than with ship. And so, um, that will almost act as natural, um, natural kind of, uh, gate on ship, uh, emissions.

Okay, Bob.

Butch crafting should be anti-crisis solution. Price of crafting that ship should be lower or equal to the current ship market price. This way, we will lower pressure on atlas rate from people that ready to craft some ships and hold for C4.

Currently, if player wants to buy more ships here into Atlas from Sage, swap to USDC and buys assets. Um, I’m not 100% sure what the question is here. Um, I’ve already I’ve also already answered question from Bob, so I’m going to keep moving uh down.

He means burning max hogs. Oh. Oh my gosh, so far behind.

um yeah, just just burning like the supply that hasn’t um that hasn’t been emitted yet or or burning other burning max hogs that people own or burning the max hogs that we have bought back.

We are buying ships with Atlas Bohemia.

This is effectively uh you can think of this as an Atlas emission. And our our goal ultimately is to offset um the original goal was to to offset uh Atlas emissions with uh by reducing LP um but uh or either LP or fix but there was kind of some uh there’s quite bit of of uh would say the the group was split on which of those would be the better options.

So, um, what we decided to go with was, uh, we’ll just introduce this in small capacity, limited number of of ships and, um, and just kind of see how it works and maybe not hit other atlas emissions quite yet. Um, because yeah, there was lot of concern about LP is the loop for the little guys, but it’s also the easiest thing to change.

It’s also the thing that’s not going to be uh uh as present in C4, so it might be easier to to get rid of.

So, there were lot of there was lot of deliberation. The issue with reducing FIC emissions was that uh there was concern around people, you know, making long-term plans.

Hey, I’m going to craft these. I’m going to start crafting these today and then I’m going to end up selling them month from now.

So if you reduce the ship, you know, the the the price of thick today, then that means that what was producing month ago, you know, now it’s worth less.

So there was some concern there as well. Um, so there was there was lot of kind of uh would say active uh activity in the group around the question of where should the emissions come from, but the purchases will be in Atlas. It will be in Atlas emissions.

Okay. Um do do have one more slide. kind of went into the Q&A little prematurely.

Um, did want to just give you guys some quick number updates on on the game, the current state of things. Um, pretty much the same story as we’ve been been seeing. did just have this here.

This is the probably the first time where, you know, Bitcoin news has kind of hit my radar. have eyes only for Solana and Atlas and Zinc.

So, or Atlas Polus and Zinc.

So, you know, don’t really pay attention to the the larger uh coins.

You know, Bitcoin is is very, you know, I understand its importance, don’t get me wrong. I’m not trying to sound naive, but um this was definitely the first time was like, uh-oh, that that doesn’t look good. Uh so, I thought it was worth noting.

Um this is an econ discussion.

You know, we shouldn’t ignore uh big events. Bitcoin hits local low of $66,000. don’t even know what it’s done over the last hour, but it’s been going wild all morning.

Sage users are continuing to trend downwards. We’re seeing uh Dow around 850, maybe lower. LP interest has gained speed recently.

We’ve seen with pretty large jump over the past month or so. Uh with large jump in in LP interest. Uh oh my god, it went as low as 65K.

Um Atlas emissions pretty stable. Almost no change here. We’ve been floating around 10.

5 million for the past several months. Uh so no change. Again our target is 8.

5 million.

So we are little bit above that target but these days the target feels little bit arbitrary. Um and things are going to shake up so significantly when we release C4. I’m almost not uh as as concerned with this anymore.

know uh Michael Wagner’s less concerned with our 10. 5 million Atlas missions. Uh getting in some more sinks into the game would would probably be the number one priority.

Uh, we need more places for people to spend Atlas. know it seems counterintuitive to decrease the Atlas fee on the marketplace or sorry, the marketplace fee. Um, but that was kind of necessary evil to motivate people to get back into the marketplace.

Um, and then uh, Hollow Sim season 1 chapter 2 is imminent.

This is going to be pretty uh, significant release and I’m I’m very excited about it. Um but expect news about hollow sim uh maybe that that might be one of the big big topics uh for uh econ forum in March. Um is OMO sales moving the needle much?

How many ships have sold with new pricing?

So um that’s good question. uh OMO, you know, from from percentages, you know, from percent point of view and from uh bigger picture point of view, think it is success. Um the problem is, you know, we we I posted this in the last econ forum.

you know, we we saw a, you know, think it was a 3,000% increase in sales in sales volume, sorry, of revenue uh from ships and structures. Um, now unfortunately that 3,000% was up from basically nothing. Um, so while we are generating revenue again, it’s not enough to kind of uh fund the the company.

So uh from from these from OMO quite yet. That said, um once we the like said, the long-term uh effects are good. Once we scale up the player base little bit, once we if we can ever get our feet back up, you know, underneath us uh in the greater crypto market, um that’s when this this OMO, this operation, this open market operations, you know, it really starts to scale uh for larger uh players and and that’s where it would really shine.

So, would say it’s been success um in many ways, but no, it’s not uh don’t think that it’s We haven’t seen numbers yet that would say like, oh well, this is game changer.

We can, you know, we can uh start dumping millions of dollars into development or something like that.

Okay, it’s 1:00. am going to call it there uh cuz cuz know we could continue talking uh for the rest of the the day. Um but it’s been it’s been pleasure as always.

really appreciate uh you know you guys all showing up. We got we got 66 people in the audience which is which is really impressive. Um hope this has been enlightening.

hope this has been uh productive and I’m looking forward to our Vontara uh conversation in two weeks and then of course the uh econ forum in month.