CCP Plans Changes to PLEX

Erick Asmock 2017-03-16

Today CCP released a video featuring CCP Seagull explaining that changes are coming to PLEX in EVE Online. The effort is to simplify the interaction between players, CCP and the game by moving away from using both Aurum and PLEX to purchase certain items or services in the game. UPDATE: CCP Rise will be joining Matterall in this week’s Talking in Stations to discuss the upcoming changes at 1500 UTC this Saturday on Imperium News’s Twitch channel.

Splits and Reverse Splits

The first aspect is the split of a single PLEX as we know it today into what I will call 500 mini-PLEX. Aurum balances over 1000 Aurum will reverse split 7 to 1 into mini-plex. CCP will do this conversion for all accounts in full that have a balance over 1000 Aurum. Accounts with less than 1000 Aurum will not be converted at this time to avoid flooding the market with the new mini-PLEX.

It seems somewhat odd that CCP would keep calling them PLEX since it will now take 500 PLEX to purchase additional game time. The DEV Blog seems to indicate the intent to continue calling them PLEX.

No More PLEX in Killmails…

We all know killmails with PLEX are a never-ending source of hilarity. Now CCP will create a container in game to hold your PLEX. This container is account based. This means it will be seen by any character on your account when you log in. It is always accessible in any location. Let the hilarity commence with the first KM with the new PLEX. PLEX you buy on the market will have to be moved from your inventory into the vault to be accessible to all characters.

 

Team Size Matters Says – Smaller is Better!

Converting from a $19.99 USD PLEX to 500 valued at a rounded $0.04 USD per new PLEX allows CCP to use it across both the game and the New Eden Store.  This allows CCP to simplify payments. It also gives them a small unit to use for pricing in the store. It will be interesting to see how this plays out and how CCP will bundle PLEX for sale.

Aurum is dead!

In the end, there are winners and losers. Aurum is the loser. I suspect mostly because Aurum is a pain to type and PLEX is easy.

OMG The Market Will Crash!

I will give CCP credit since it looks like they did some math on how to convert Aurum to PLEX with the least impact on the market. They have said that their aim is not to change the price of items such as Skill Extractors. However, the market is the market and it is going to react. I suspect it will be less of a swing than the ‘Excavator’ Mining Drones had.

By converting only the pent up Aurum accounts that have over 1000 Aurum and the plan to run some sales to deplete outstanding Aurum CCP expects to minimize impact. They are also announcing this well in advance of the release date to give the market time to stabilize.  No date for release has been confirmed, but more details will be given at Fanfest.

Conclusion

By making a lesser valued PLEX CCP will be able to standardize on a single cash conversion within the game. The design should make things easier for both players and CCP in the long run. This is a smart move for CCP. Making things complex from player and coding perspective is never a winning combination.  When something makes everyone’s lives easier it is generally a good move.

You can read more in the DEV Blog here.

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Comments

  • Rhivre

    It is definitely a big change, there is a whole lot of market analysis going on at the moment, which I will probably write up at some point.

    Overall, I think that getting rid of Aurum is a good move, its a PITA and gets left in wallets, as well as the leftovers when you buy something. It overcomplicates things.

    March 16, 2017 at 8:44 pm
  • Caleb Ayrania

    RIP Aurum.. Thank God! So much will change with this “little” simplification of EVE currencies.

    March 16, 2017 at 8:48 pm
  • Pew Pew

    Returning players are going to log in and think “holy shit I’ve won some kind of crazy lottery!!!” and rush to the forums to post about it.

    The rate at which these posts will happen will probably have an exponential distribution. There will be tonnes in the first month, many in the first year and a few after an extremely long time.

    March 16, 2017 at 9:24 pm
    • Rhivre Pew Pew

      Those posts will be amazing

      March 16, 2017 at 9:28 pm
    • phuzz Pew Pew

      “Hooray I have hundreds of PLEX!” followed minutes later by “OMG the value of PLEX has crashed!”

      March 17, 2017 at 12:37 pm
  • Dirk MacGirk

    Overall a good idea to unify the currencies. Simpler all the way around, which is a net positive for all parties

    Note: The PLEX to Mini-PLEX is a split. Aurum to Mini-PLEX is not a reverse split. That’s a conversion.

    March 16, 2017 at 10:30 pm
    • Erick Asmock Dirk MacGirk

      Hey… I was having fun with stock terms….

      March 17, 2017 at 12:01 am
  • Freelancer117

    Nice Win – Win situation you created for yourselves CCP games.

    Most F2P games have many currencies to dazzle their customers,
    but you have chosen to stick with just the “one”…. PLEX

    And for bookkeeping reasons it can still be tracked as deferred debt on the balance sheet.
    source: http://marketsforisk.blogspot.nl/p/ccp-financials-my-attempt.html

    By increasing the granularity of the old Plex into new plex (500 pieces)
    the Company can synthetically increase demand for the new plex commodity.

    If Alpha clones try very very hard, one day they can scrounge up 500 pieces.

    This higher demand for the same commodity (the new plex pieces) will no doubt
    increase it’s comparable ISK value to the old Plex, and since you soon get more
    isk value out of your rl $$$ for plex, the supply Volume will gradually increase to.

    And there we have it: the Company wins on two fronts, by selling more Plex volume
    on one side and writing that deferred income with a higher turnover time in the books.

    Regards, a Freelancer

    ps: watch out, Icelandic is returning to the international market
    source: https://www.bloomberg.com/news/articles/2017-03-12/iceland-removes-krona-controls-more-than-eight-years-after-crash

    March 17, 2017 at 6:25 pm
    • Daito Endashi Freelancer117

      I don’t get what you’re saying.
      The demand is higher because you need 500 times more PLEX than before. But at the same time the supply is multiplied by 500 too, so where’s the difference?

      March 17, 2017 at 8:35 pm
      • Worlds Smuggest Daito Endashi

        There’s a lot of nerds that will buy it piecemeal 1 unit at a time, reducing ISK saving and instead pushing ISK spending to PLEX saving. Making plex seller happier and push the movement of capital around more instead of sitting in wallets.

        Compare to now, they have to buy a plex as a whole unit, no flexibility of acquisition.

        March 18, 2017 at 9:23 am
  • Anon E. Moose

    Since we can price items like spod and trit by .01 ISK, why did they not do the same for plex. Leave 1 plex = 30 days (or whatever the minimum time frame will be) and used .001 ISK increments for purchases from the New Eden Store.

    March 21, 2017 at 6:52 am