First things first: When you see an HFH for a meta 5 (or someone you need a cover for) you should buy it. Why?
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The cycle keeps getting longer. First round went from mid-Nov '17 to mid-March '18 (4 months). Second round went from mid-March '18 to mid-October '18 (7 months). Third round went from mid-Oct '18 to mid-Aug '19 (10 months). This current cycle started mid-Aug '19 and will end in (probably) mid to late July '20 (about 49 weeks). You can see where this is going…
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Trading 10 pulls for one cover may seem like a questionable thing. I would argue that as dilution spreads your pulls each pull becomes less valuable because your average champ reward is, more and more, going to a low-level champ who you are likely years away from getting to a high level. So the loss of (in essence) 9 pulls - since you need to consider you’d need 25 CP to get a cover, in anything besides Classics) - is not nearly as big as it was once upon a time. Adding 9 random champ levels spread among 88 characters is not really moving your roster much, especially now that you absolutely can’t get a bonus cover, just slowly add shards. And it seems like an absolute steal vs 167 pulls for a “Extra” 5.
Now:
Devs, please, please, please consider changing the HFH to shards so we can get a colorless cover. As I pointed out - the cycle is insanely long now. It will be a YEAR until you again have the opportunity to buy one single cover of a 5* you want (ex: Kitty) for 250 CP. And then it will get longer! And longer. And longer… This isn’t going to radically speed up anyone’s progress. Heck…it might even make some people spend a little money if every HfH was potentially worth spending on. I am not asking for a giveaway here, or some crazy idea like rewarding 5’s in placement, or anything other than making this increasingly rare opportunity to use our resources for a desired cover as appealing as possible.
So far shards are feeling kind of meh to me and many other players. It seems like replacing a somewhat-random cover color with shards would make players better see the benefits (please also look at random Limited covers for Howard and Spider-Ham from events).
EDIT: After thinking about it…the 4* Crash cycle is about 440 days long with 88 characters, and growing. So why not make that cover shards as well?