Way, waaay back in November, 2018, I reported on a change to the cashout rate for Sansar dollars which, to this day, has remained controversial among many content creators:
The buy rate will be set to 100 Sansar dollars to 1 US dollar. The exchange rate back (the sell rate) will be set to 250 to 1. However, the sell rate will be grandfathered for current Sansar users at the “legacy” rate of 143 to 1 until at least the end of next year (2019).
Well, when Sansar went through the wrenching ownership change that eventually led to it being acquired by Wookey, many content creators were expecting that grandfathered rate to be extended beyond the end of 2019, but no announcement was ever made.
But just yesterday, the following announcement was posted to the official Sansar blog by Lacie, Sansar’s community manager:
We are happy to announce that we will be extending the Grandfathered rate of (143 Sansar Dollars to 1 U.S. Dollar ratio) until the end of 2021 to the creators that help our platform grow with their excellent creations. In order to be eligible for this extended rate, you MUST follow the instructions below:
If you would like to apply for the Grandfathered rate – you will need to send in a support ticket by August 28th.
You can send in a support ticket at the following link: Link
You must include the following to be considered eligible:
1) Title of Ticket: Grandfathered Rate
In the body of the ticket, you must include:
2) Your full Sansar User Handle (Example: Lacie-5474)
3) Your email linked to your Sansar account
4) A link to your Sansar Profile (Example: https://profiles.sansar.com/profiles/Lacie-Sansar )
5) Indicate that you wish to receive the grandfathered rate.
The deadline to submit your requests is August 28th, 2020, 11:59 p.m. Pacific Time, which is tomorrow, so don’t delay!
Lacie also writes:
Additionally, please note that our product team will be developing a forum post announcement in the near future that will outline both our current and future marketplace strategy. Please keep your eyes posted for this.
Although I had put my dream of becoming an avatar clothing creator in Sansar on indefinite hold, I might just apply for the grandfathered cashout rate, in case I change my mind! Sometimes it pays to keep all your options open.
UPDATE 1:00 p.m.: After writing and posting this blogpost, Lacie reached out to tell me that, despite the blogpost mysteriously being dated yesterday, this announcement had been made two weeks ago via the official Sansar Discord channel. Thanks, Lacie!
One thought on “Sansar Announces an Extension of the Grandfathered Sell Rate for Content Creators Cashing Out—But the Deadline is Tomorrow!”
Oh, glad you posted this! I still have 28 USD I can cash out from Sansar and I don’t use Discord so I had no way of knowing this. Of course Wookey prefers the less people know about this that’s why they didn’t bother to send email notices.
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