I used to be a elite member and indeed it was too good a deal for readers, so i wasn't surprised when webnovel cancelled the whole thing
However.... now this privilege system is the opposite, its too horrible a deal for readers. Ridiculous prices are being charged for the "right to buy" more chapters ?
If we take this logic further down the road, maybe in future we the readers will need to pay money for the privilege of downloading webnovel app and accessing webnovel app
If you want more money then just directly increase spirit stone prices for new chapters, this will at least encourage translator and authors to dedicate more time into producing new content
With the privilege system, there is 0 incentive for authors/translators to produce content faster and 0 actual benefits for the reader since this "privilege of buying new chapters " has been given free from the beginning of the app.
Furthermore what if the reader refuses to spend money on this stupid privilege? Then he wont be able to buy anymore chapters and authors will get less income!
This is why the privilege system is so counter-productive. It actually stops readers from buying more chapters....why would you want this ?
My humble suggestion... If you want more money, just directly increase the price of chapters