Entrecard Economy Change – Transfer Limits

You cannot transfer more than 1000 Entrecard credits a week – a new change in the Entrecard economy as of yesterday. If you are a member of Entrecard with a lot of Entrecard credits, you probably sponsor contests around the community. Now, it’s harder to do that. Not only that, but how about giving away Entrecard credits? Most Entrecard contests (about 90% of them) contain over 1,000 ECs in prizes.

In response to this problem, Graham says:

we can give them elevated status easily enough and have already contacted almost everyone running a big contest. no worries. contests will be paid out without a hitch.

We want to see contests continue and will do so in a slightly more sanctioned way.

I then left a comment asking for more information on the elevated status.

Here is Graham’s reply:

We’re working towards a method of sanctioning contests and will update everyone on the blog once its ready.

It will involve some sort of inspection, to see where your credits came from, some sort of planning so we know the exact day you’re giving them away, some sort of accountability -that you’ve been active in the community and we know who you are vs. someone who just shows up today with a million credits suspiciously and wants to hold a “contest”

So once we have some firm ground rules in place, the huge contests can continue because we do not want to see the contest culture of Entrecard die!

Alright, so that gives contest holders breathing room, but what about those who sponsor Entrecard contests? The ones that truly make huge EC contests possible? This not only limits them on how many contests they can sponsor, but also how much can they sponsor. For the Summer Credit Splash, I rewarded those who sponsored 4000+ Entrecard credits. This influenced people to donate more, and also helped make the contest a lot larger.

The purpose of the cap is to eliminate the selling of Entrecard credits, which is now against the rules, and I understand that. I think it’s legitimate and useful. However, I propose the transfer limit to be set at least to 5,000 ECs/week. This is fair to us and yet still helpful in getting rid of credit farmers.

Please share your thoughts on the EC transfer limit and on my proposal.

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