Canthan New Year?

So I hear in trade/local a lot about how Canthan New Year is coming, and I am wondering what the big deal is about in game events? People are mentioning a lot about 30/50s and 50/50s with events.

I was looking on the Wiki and it seems the only thing is Fireworks that are relatively easy to obtain during this time. Is this what all the commotion is about?

Also, are the quests daily/repeatable? Or once per character/account? And the mobs who drop things, are they any level mob, or just 20+?

Trying to get the most out of this since it is a rare event.

I'm not certain where on the wiki you were looking, but fireworks are not the biggest draw for Canthan New Year...there is a chance for a rare mini. The mini is different each year and matches the Chinese New Year animal. This year's mini will be a Celestial Dragon. Check this page for more details. The quests are not repeatable and are limited to once per character. The link above also has links to each quest and will tell you the level of foe, etc.

It's Nine Rings and mini pet what's the most important on this event.
Nine rings are will boost your lucky/unlucky titles rapidly and the mini pet is exclusive to Canthan New Year only, so there's no else way to get.

Canthan New year is one of four events with a finale. Every event is different. But this one rewards indead a miniature (celestial dragon) that is unique and can only be obtained during this event. Beside that it gives opportunity's to easier farm for certain HoM-points like:
a) cosumables like party-items, alcohol and sweets
b) title points for lucky/unlucky titles (stand in the nine rings game) and gamer (dragon arena or roller beetle racing).

Last it gives some very nice and fun quests you can do (only once/character/year).

Mini from opening Lunar Fortunes.
Lunar Fortunes from trading (3)Lunar Tokens with NPC.
Lunar Tokens from quests/foe drops.

Be sure to get as much chars to Shing Jae to do the 5 event quests.
To speed things up:
Give every char 10 glit. dust and 2 firework.
Get every char through minister cho's to unlock Ran Musu (1 quest is close to outpost)
Exchange tokens for fortunes, Sell or open, rest of event afk rings and attend the occasional finale.

Event results:
Lots of party items
Progression on your lucky/unlucky title
Chance for a gold celestial dragon minipet
And a (although not new) quite nifty chinese lion mask.

Conclusion: fun

You can farm tokens and sell them wchich will give you pretty big amount of cash so you can buy some weapons/armors/minis/consumables/whatever for your HoM.

There are basically 4 kinds of farm.
1. Lucky/unlucky points farm, from standing afk in 9 rings.
2. Quest farm. Each char can do the event quest chain, its nice reward that can be sold for money or transferred to lunar fortunes that you can open.
3. Finale farm for the chefs. If you have kept in mind what the chefs collect and stashed it away during the year you can hand it to the chefs and get lunar tokens. If you are in a district that is "hosted" that is, a guild or other group of people make sure to feed the chefs with all ingredients then everybody present will get free stuff.
4. Gamer farm. The minigames yield gamer points and in rollerbeetle race you got a chance of winning rare mini beetle.

add to that
5. lunar tokens farming
6. players who have stockpiled stuff to make fireworks etc then sell
7. drunk title from either tokens or victory rewards
8. sweet title same as above
9. party title same as above


But biggest thing that drawing people is 2 things - getting a gold celestial pet from fortunes which is 1 side of the coin and players selling fortunes for profit is the other side of the coin - remember this is a case of supply and demand and 1 cannot exist without the other

nononon i think u guys are confusing canthan new year with dragon festival canthan new year u get a lion mask, and a new celestial pet, dragon festival u get a dragon hat, no pet

As someone with 0 title progress in any so far, which would be worth doing? Lucky/Unlucky non-stop?

Progression on the lucky/unlucky title grants an increased amount for lockpick retention. I'd think its worth it.

9 ringing Lucky/unlucky is very expensive and you prob won't complete in one festival. Wiki it for estimated cost and see if you can afford it or if it would be better to use that money towards other titles.

You can hoard fortunes as an investment. Then see if they go up a lot (risky at this point in game) or sell them/trade them for cheap booze and sweets. 9 rings is great if you want to afk the title(s) and have the money, but other titles cost much less right now. Check the quick hom guide for more info.

I can't seem to find anything on AFK'ing Rings, how exactly do you do it?

See here.

I read that, as well as the Discussion, and can't seem to find how exactly you AFK it. Do you just buy a bunch of tickets and stand there?

I could have missed the specific part, I haven't slept in almost 40 hours (GW is like crack for new players).

Exactly, and in a link in the bottom of that page you can check how much it would cost to max the title and all the tips you need.

EDIT:
BTW, that avatar is actually me.

Yes. Purchase enough tickets to last for the desired interval. Or just fill your inventory, since tickets have the same resale value as their purchase price. Leave a slot or two open for any initial winnings.

Ninja'd by a ninja avatar. Awesome.

Leveling a bunch of level 5s in the Canthan area now to farm the stuff... only working with 20k gold so I don't think I will get much out of Nine Rings

Getting a bunch of characters ready now is a good idea. I've also been known to roll and re-roll characters during the event to do the quests to maximize my fortunes. It's not too tough to do.

As for Nine Rings, don't sweat it. They'll pop up again for the Anniversary Event in April and the Dragon Festival around July 4th. You'll likely have the cash to throw away on it then. You can more than likely get appropriate rank to put in your Hall during those two events.