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This is great, I just want to throw out that MTG Online has "Penny Dreadful" as a format:
Penny Dreadful is an unofficial Magic Online budget format where the legality rules include only cards that cost 0.02 ticket - roughly one penny.
I like your idea a lot! I would certainly play this a ton.
Penny Dreadful is such a fun format. Never have time to play mtgo anymore but that is by far my most played format on there
My LGS used to have a giant tub of 10-cent cards, mostly commons of course, but occasionally you could find an uncommon or rare. I would stand in front of it for half an hour picking out the ones I liked. I probably was not actually getting a good deal, but who cares?
I wish they still had it. I would love to just scoop an armful of cards out of that bin and draft them.
I think a draft event like this would be really fun actually. I would make the trip into my LGS to do this if they offered it lol. I just like how level the playing field is and how fun those games would get. You'd play with cards never even considered before and have to make them work somehow.
No cards with text allowed. Only vanilla creatures.
On a more serious note I came up with a format I call "Merchant," which is a team sealed event but both teams put up whatever cards they're willing to trade. Could add a fun political aspect while keeping the games "pure." Also would make decks stronger and there's a strategic aspect to what you show in the trade pool, and what you'll allow to go to the other team. Haven't been able to actually put together a go at it, yet, though.
Dollar Store Beejlander!!
Ideas to shake up the meta:
A Flashback Draft is a limited-time event on Magic Online where players can draft and play with sets from the past. The sets available for Flashback Drafts change regularly, and Wizards of the Coast does not publish a schedule for them. However, players can stay up to date on upcoming Flashback Drafts by checking the Magic Online website or following Magic Online's social media accounts. Flashback Drafts are a popular way for players to experience sets that they may have missed or to revisit sets that they enjoyed in the past. The entry fee for Flashback Drafts varies depending on the set and the type of draft league, but players can typically use event tickets or play points to enter.
Flashback Format
Inspired by the MTGO Flashback Drafts, but for constructed play
Minimum deck size: 60 cards
No more than 4 copies of any card, except basic lands
Cards can be of any rarity
The legal card pool changes every month, based on a randomly selected block from Magic's history
You can only use cards from the chosen block, and only from the sets that were released at that point in time
For example, if the block is Innistrad, you can use cards from Innistrad, Dark Ascension, and Avacyn Restored, but not from Shadows over Innistrad or Eldritch Moon
Additionally, you can only use cards that cost less than $1 according to Scryfall's market price
This format lets you revisit old sets and experience different eras of Magic with a budget-friendly twist
It challenges you to adapt to changing metagames and discover new synergies with limited card choices
@counterspell another idea to shake it up a bit: the price limit is for cards with that name in you deck: one copy if it is 50c, two copies if it is 25c, etc.
Could even allow for going over 4 cookies for truely chaff cards