As for me, I think this Gift Hunt is just terrible.
The player limit is fine, but the thing that makes me mad is...
WHEN THE GIFT SPAWNS.
Why would they just make it spawn only on the first round, while second requires players to just reset/get killed.
Even worse, players that do try to farm are basiclly for a wild ride since, it's pretty common to find that one guy that joins a Gift Hunt server to "play" actual game without even trying to hunt down the Gifts.
Really, the Gift Hunt became a chore for me.
Even worse, I will smash my PC Screen if I find out that Green Gift has another Mount that everybody will use for 5 days after it being released, and then froget about it (Looking at you Toy Plane).
I will also pray for PR not to "spoiler" what's inside the Rarest Gift, since he did it last year and ruined the entire Event for me.
Even after 1.5.0b it's still a chore for me lmao.