As planned, Pak updated the Lost Poets website for Act II, revealing further details on the use of Pages and characteristics of Poets. We are currently in the Pages → Poets stage and here are the basic facts:
When Pages are consumed to give Poets words:
However, there is a limit to the number of words in a “poetry” that a Poet writes in its metadata. We believe, according to a review of the website source code, that poetries will be limited to 30 words.
And you can feed or stack as many Pages into a Poet (not all have to be consumed immediately):
Poets’ rarities and traits will be revealed over time:
According to the Lost Poets website, “the value of a rarity is affected by other Poets.” Given that certain words will be rarer than others (like in Loot), the words in the Poet’s poetry will certainly influence its rarity. This is just a guess and subject to change.
Quite simply, for Pages and Poets:
On Origins, they are more “flexible” with words but Origin can only be named once:
Here is how Origin changes impact their latent Poet’s characteristics:
Pages will continue to have utility and use, throughout the whole gameplay and in the Twist — no Pak token created is meant to lose value over the long run:
So what’s the probability of getting airdropped one of the 365-Origins as a latent Poet holder? We assume that there is an equal chance of getting an undropped Origin for any latent (assuming 64 potential latents per Origin, this could be wrong but on average it is correct).
If 40% of Poets are claimed (40% x 65,536 Pages) and if you have 10 different Poets, the probability of getting an Origin if you hold 365 days is about 25%. It’s unlikely statistically you have multiple Poets from the same Origin given there are so many Origins, even if you have 50 or 100 Poets.
Let’s remind ourselves however a few basic points on Pak:
Pak wants to be inclusive and has always favored the small collectors, first.
Some thoughts on your strategy:
Both Pages and Mute Poets (the simplest latent) will be critical
I don’t believe Pages will be characters or can write anything, so they won’t be “in-game characters” in Act III: The Explorer
A lot more Pages will likely be turned into Poets but remember, Pages are the fuel for Poets. A Lambo no matter how rare still needs fungible gasoline
If you have only 1 Page and you want to really engage in the game and enjoy the art/creation/image, you might consider turning it into a Mute Poet
Pages’ usefulness could skyrocket. If you have 5-10 Pages, do not turn them all into Poets. There will be a balance and also remember, Pages cannot be burned for $ASH
Simple math (below) shows that at a reasonable conversion rate of 40-50%, on average there is not more than 1 Page per Poet
Is it possible Pages could be worth more than Poets? Yes
Is it possible some latents are worth more than Origins? Yes
Do we have enough information to decide / judge value properly? No
Did Pak do all of this intentionally? Yes
The strong social engagement from Pak and by future Poets in the Discord community will unleash many organic developments such as:
Just to be sure, things are still quite simple where they stand as the only thing you have to do over the next two weeks for your Pages is:
No rules of the game have been released nor have any numbers (i.e. how do the 256 selves and genes for latents fit in?). Act II has been purely qualitative. My prediction of 0 Poets being burned isn’t looking too bad now and this 65k project (10k base 16) could end up becoming 10k Poets.
This document will be updated with more information; please check the official Lost Poets website for all updates and on Twitter from @muratpak. As always, if you spot any mistakes or corrections, please always feel free to dm me.
Thank you for reading and hope you enjoyed it!
If you found this article useful, feel free to leave a tip below (proceeds will be donated to a charity and/or contributed to future $ASH liquidity pools):
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very good summary once again! thank you shorts
Awesome summary - looking forward to listening to the Spaces recording later. Very invested for having 4 tokens 😂