Striker Buyback Payout Methodology: Closure Announcement Follow-Up

Dear Striker Community,

We understand that the announcement of Striker’s closure has raised questions about the buyback process for your digital cards. In this blog post, we aim to provide clarity on the Buyback Payout methodology and the steps involved in the buyback.

Why the Buyback?

The decision to initiate a Buyback Payout comes from our commitment to ensuring that our users receive fair payout for their investments in Striker. As we bid farewell, we want to express our gratitude by offering a transparent and equitable resolution.

How the Buyback Payout Works: A Step-by-Step Guide

Determining Payout Price:

• On 22nd December 2023, Striker will initiate a Buyback Payout at the sale price.
• This sale price will be based on the historical earnings Striker made on the sale of each card while issuing it to the user.
• These are the cases in which you will be eligible for a Buyback Payout:

• Here’s the Buyback Payout calculation for Crafting:

• Here’s the Buyback Payout calculation for Paid Pack / Drops:

• If you bought the card from other users in market, these are the cases where you will be eligible for the Buyback Payout:

Buyback Payout to Striker Wallets:

• Once the buyback is completed, Buyback Payout will be credited to each user’s Striker wallet.
• This Buyback Payout reflects the amount Striker earned from the sale of each card.

Wallet Withdrawal Option

• Following the buyback, only the wallet withdrawal option will remain enabled on the app.
• Please note that KYC verification is required to withdraw funds.

CSV File for Transparency

• On 23rd December 2023, a detailed CSV file will be sent to all users.
• This file outlines the sale price of each card, providing a transparent breakdown of the Buyback Payout.

What to Expect in the CSV File:

• The file will detail the sale price of each card, it’s initial HP, the source of card, etc offering a clear understanding of the value associated with your cards.
• This information is intended to empower users with transparency and insights into the Buyback Payout process.

Key Dates to Remember:

• 22nd December 2023: Buyback initiation and payout on Striker wallet.
• 23rd December 2023: Distribution of detailed CSV file for transparency.
• 29th February 2024: Final deadline for app support, including withdrawals.

Our Commitment to Transparency and Fairness:

We want to assure our community that the buyback methodology is designed with transparency and fairness in mind. Striker has always valued its users, and this approach to closure aims to uphold that commitment.

As we navigate these final days together, we extend our sincere appreciation for your understanding and support.

With gratitude,

Team Striker