Hi everyone,
I noticed something when I opened reddit avatar shop from my old phone which has region selected as "Pakistan". The prices for avatars were being shown in local currency (PKR) but when I compared the prices to Euros, it was very surprising to see there was quite a difference. I will show you the price comparison below:
| PKR (shop price) | Convert to EUR | EUR (shop price) | How cheap? |
|---|---|---|---|
| 1100 | 3.50 | 5.99 | -41.57% |
| 1800 | 5.72 | 11.99 | -52.29% |
| 4950 | 15.73 | 29.99 | -47.55% |
| 9100 | 28.92 | 59.99 | -51.79% |
| 18200 | 57.84 | 119.99 | -51.80% |
So, people in Pakistan can the avatars on almost 50% discount. Other day, I saw the post about how avatars are available on Opensea with cheap prices so I was wondering if people/bots have exploited this?
I also wonder how much difference it had with other currencies?
And I also want to ask if buying from one currency and selling at price of other currency is ethically right thing? I know about arbitrage and people have been doing such things in other investments.
**Disclaimer: I didn't buy any avatar because I just don't think that is something I should put my money in.**
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