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Taking the Last Week's Risks, Now Resulting in High Rewards
It's a busy, chaotic, and manic Monday again for most people and don't you feel like days are feeling exponentially faster? Because for me, it quickly went through without almost a trace of what happened from the past 7 days. However, there's significant risks that I took from the past week that made this Monday feel amazing!
*Disclamer: None of this is financial advice, always DYOR first. I am just sharing what I experienced and happy to share it with you.:)
After hearing from several people in different socials and online articles, I've heard of the blockchain game Splinterlands. The smallest risk that I took is by getting that Summoner Spellbook that costs $10 which allows you to play ranked battles, earn from daily and season rewards, as wells as gaining the ability to earn a resource in Dark Energy Crystals (DEC). I am already hooked a lot in the first few hours of gameplay and wanted to play more! The consequence is that the Energy Capture Rate decreases from 100% to 1% of the current amount, which reduces the DEC you get based on that percentage. It reminds me a lot of the Pokemon card game or the main game's battle system a bit.
After the first quest reward, I got a card which is worth 7 dollars! And in a timely manner I got into Silver III that gave me 12 chests from season rewards, reaching 1600 DEC. That's almost $11 in value, which means that the 2 days of play I profited 8 dollars which allowed me to get more than what I invested into (with a bit of luck of course. )
Last week, I devoted most of the time to this game, learning all the fundamentals, strategies, and possible investments + passive income opportunity based on what you put in. Youtube, Discord, and some of the articles and forums from Reddit, Peakd, and Hive provided me most of the information that I needed to get started. It became clear to me how this is a great opportunity to enjoy the game and earn passive income from the assets you get and put into the game.
With the spare $200 in my pocket that I am willing to move via investing in any cryptocurrency, I decided to place $140 into this game. Then I bought all the necessary cards and rented some that I needed to advance in at least Silver 1 league for 4x chest daily with higher DEC rewards in ranked. Those cards can be rented out to others for some earnings too. The rest was put into DEC for more airdrop points. Also, it's amazing that I am still part of their SPS airdrops that runs for 324 days which is greater the more assets you have in-game, such as DEC and the power you get from cards. The airdrop is another source of passive income. Currently, my rate is at ~$0.6 daily which can net $15-$17 per month, not to mention that my assets increase daily due to the rewards.
I also mentioned from a recent article that I took a bit of risk that I put in 0.1 BCH to buy 500 $EBEN at $0.12. Last time I checked, my account now holds 555 $EBEN at 3.012. It just keeps on pumping and hopefully it won't stop!
I like exploring new things, and I am glad that I did risk something that I believe is worth risking for. When the pre-sale of tokens and SmartBCH started, I had some doubts but I put trust in BCH and in their projects. I wish I bought some cattos ($CATS) too lols. 😹
Thank you very much for setting some time reading this! I am glad to share my experiences as always to inspire others. Never be afraid of taking risks, but make sure it's a calculated risk! Never put too much on the line that you are not willing to lose. With high risks come high rewards!
If you want to learn more about setting up your smartBCH , I highly recommend reading this article by @ Jane which is a guide that I followed before. Have a great week ahead!