24 months on Splinterlands: My Financial Report + Advices for New Players

Cover Image: Logo image owned by Splinterlands - Edit by @libertycrypto27- Font used is Open Source

I became a Splinterlands player on October 18, 2019 when, after reading many Splinterlands-related posts published on the Hive blockchain, I decided to spend $10 and buy the Spellbook (30 delegated cards to start playing).

Splinterlands was my first blockchain-based game so it was my gateway to a decentralized gaming world where players are not only buyers and users of a game product but also owners of game assets.

Today out of curiosity I went to see the first Splinterlands-related posts I made and found an image of my first reward I received from Splinterlands as a prize for completing my first daily mission: the Creeping Ooze card.

In the image below you can see the value the Creeping Ooze card had on October 20, 2019.

Two years ago, the Creeping Ooze card cost $0.03.

Today, November 3, 2021, the lowest price ($/BCX) is $1.21 but to get this purchase price you need to buy Creeping Ooze level 10 which is the result of combining 506 single cards (total cost $614).

The lowest purchase price for a single Creeping Ooze card is higher and is $9.80.

This difference in value shows how successful the Splinterlands game has become in just two years.

The increase in value in percentage terms that the Creeping Ooze card (level 1) has had is truly exceptional: +32667%

I took the value of the Creeping Ooze card as an example because it was my first daily reward, but there are cards whose value had an even greater percentage increase.

When I completed my first Splinterlands daily quest there were only three tokenizable items in the game:

- the cards

- packs of cards

- DEC tokens

Today there are many more Splinterlands game assets:

- cards (NFT that can be used in in-game battles)

- packs of cards

- DEC tokens

- SPT tokens

- PLOT tokens

- TOTEM tokens

- SPS tokens

- VOUCHER tokens

- NFT tokens (not usable in game battles)

A blockchain-based game is never just a game, it is also an investment and as such it has a cost: time and/or money.

Since I became a Splinterlands player I have always published a monthly report in which I shared my financial results and in which I considered Splinterlands solely from a financial point of view and completely left out the game play and strategic aspects.

And here I am today, writing my 24th monthly report on Splinterlands.

Note: In the numbers of this report the comma "," and the dot "." are both decimal separators.

Below are the topics I will be covering in this my monthly report:

Report Topics

- Final Result Previous Report

- Evaluation of Splinterlands as Investment (after 24 months)

- Total Investment Cost

- Total Revenues

- Value of my card collection

- Value of accumulated DEC tokens

- Revenues from the sale of DEC tokens

- Value of the token PLOT

- Revenues from Farms DEC - BUSD LP (CubFinance)

- Value of Splintershards tokens (SPS)

- Value of purchased but unopened packs of cards

- Value of VOUCHER tokens not used and/or sold

- Profit/Loss calculation

- ROI calculation

- Report Results Considerations

- Month by month history of my investment in Splinterlands

- Advice for new players

- But do those who sign up today still have a chance to make a good profit?

Final Result Previous Report

The starting point for each of my monthly reports on Splinterlands is the result I recorded in my previous monthly report: https://peakd.com/hive-167922/@libertycrypto27/23-months-on-splinterlands-profit-roi-and-considerations-advices-for-new-players-23-mesi-su-splinterlands-roi-e-considerazioni).

In the following image you can see the results in terms of ROI and Profit that I calculated and recorded on 13 October 2021 (previous report).

The results I have achieved after 23 months of playing/investing in Splinterlands are results that I wouldn't have even dreamed of a few months ago:

- Total profit: $36201.26

- ROI: 6906.79%

I will now proceed to evaluate my investment in Splinterlands by updating and calculating the value of the Splinterlands assets in my possession as of today and at the same time as writing this report.

Evaluation of Splinterlands as Investment (after 24 months)

The analysis of each investment involves the calculation and comparison of costs incurred and revenues obtained.

Total Investment Cost

The total cost of my investment on Splinterlands is given by the following sum:

Registration Cost (Summoner Speelbook: $10) + Total Cost of Cards and Card Packs Purchased + Total Cost of DEC tokens purchased + Total Cost of Plots purchased

Note: In calculating the total investment cost I only consider the costs I incurred by injecting external liquidity into the game.

From the date of my last report (13 October 2021) until today I have not injected any external cash into my Splinterlands investment and therefore my total investment cost remains unchanged from my previous report and is $524.14.

Revenues

The total revenue earned from my investment on Splinterlands is the sum of the following values:

- the sum of the market value of the Cards that constitute my card collection

- the gain obtained from the sale of the cards and not reinvested in the game.

- the gain obtained from the rental of my cards to other players and not reinvested in the game.

- the value of the DEC tokens (Dark Energy Crystal) accumulated and not reinvested.

- the gain from the sale of DEC tokens.

- the market value of the plots that I have purchased.

- The gain from the sale of the Plots.

- The gain from using DEC tokens in a Farm.

- The value of the Splintershards (SPS) tokens I have obtained to date from the current airdrop.

- The value of card packs purchased but not opened.

- The gain from the sale of VOUCHER tokens

How much is my card collection worth?

At the heart of the Splinterlands game is a fun card and strategy game.

I consider cards to be one of the most important assets of the Splinterlands game.

To calculate the value of my card collection, I use the useful tool on the Peakmonsters website (https://peakmonsters.com/), which allows me to quickly find out the value of my card collection as well as the value of any other player's card collection.

The value of my card collection is displayed in the My Cards section of the Peakmonsters website (https://peakmonsters.com/@libertycrypto27/cards).

The Peakmonsters site calculates the value of Splinterlands card collections based on two different prices: Market Prices and List Prices.

To calculate the value of my card collection I always consider the lesser of:

- the total value using Market Prices.

- the total value using the List Prices.

Since I write a report every month I have been able to monitor the value of my card collection almost monthly.

On March 26, 2021 my card collection had a value of $819.63 (using Market prices)

On 3 May 2021 my card collection was worth 1164.44 $ (using Market prices)

On 27 May 2021 my card collection was worth 1349.09 $ (using Market prices)

On 10 July 2021 my card collection was worth 2511.49 $ (using Market prices)

On August 11, 2021 my card collection was worth 11617.01 $ (using Market prices)

On 16 September my card collection was worth $23249.22.

On 12 October, my card collection had a value of $25293.08.

Today, November 3rd, my card collection has a value of $32166.46.

My card collection has already temporarily exceeded $30,000 in the past, but this is the first time I have ever recorded such a high value in a monthly report.

I am very happy to see that since my previous report and in just under a month my card collection has grown by +7310.10$ with a percentage increase of +28.57%.

What is the value of the DEC tokens I have in my wallet?

The DEC (Dark Energy Crystal) tokens are the native Tokens of the Splinterlands game, are the main reward for battle victories in the game and can also be found inside chests.

Splinterlands players receive Chests as a reward for completing daily quests and as a reward for game achievements at the conclusion of the Splinterlands season (every 15 days).

DEC tokens are utility tokens because they have many use cases:

- they can be sold and bought on:

- Hive Engine (https://hive-engine.com/?p=market&t=DEC)

- LeoDex (https://leodex.io/market/DEC)

- TribalDex (https://tribaldex.com/trade/DEC)

- can be used to buy cards, potions, Spellbook (starter set)

- can be used in DeFi Platforms of CubFinance (https://cubdefi.com/), UniSwap and TribalDex pools (https://tribaldex.com/).

- can be used to pay for card rentals.

- count towards the current airdrop score to receive Splinterlands governance tokens (the SPS tokens): 1 DEC token = 1 Airdrop point.

In my in-game Splinterlands wallet I have accumulated a total of 135788 DEC tokens.

As you can see from the calculations in the image below, today November 3, 2021, 135788 DEC tokens have the value of 1480.31 $ (Highest Bid on LeoDex/HiveEngine/TribalDex)

Revenues from the sale of DEC tokens on Hive Engine

I have almost always used the DEC tokens earned from battle victories and the sale of my cards in the purchase of cards and card packs with the goal of upgrading and improving the battle strength of my card collection.

On one occasion (October 5, 2020) I sold 81000 DEC tokens to do a Power Up on Hive and thus increase my amount of Hive Power (HP).

From that sale I received 400.14 HIVE in return which, at the time of the sale, had a value of $64.8.

If you have a time machine lend it to me and let me go back to that day! :)

How much are my PLOT tokens worth?

On November 21, 2020 I purchased 3 Plots at a great price: 7500 DEC per plot.

So I spent a total of 22500 DEC whose $ value at the time of purchase was $19.66.

If I consider the current value of the DEC tokens, the 3 PLOTs cost me 245.24.

The Plots have all been sold and long since.

Today, anyone who wants to buy a PLOT can only purchase it from markets outside the Splinterlands game.

Today, November 3, 2021, the lowest sales order for a PLOT on the Hive Engine is 909 HIVE with a dollar value of 728.10.

Initially PLOTs could also be purchased in dollars ($20) from the Shop section of the Splinterlands website and if I had chosen this payment method I would now have made an even bigger profit.

A PLOT that could be bought for $20 at the end of 2020 is now worth $728.10!

For the purposes of calculating the bottom line of my report I will consider the value of the Highest BID on https://hive-engine.com/?p=market&t=PLOT which is 880 HIVE.

The total value of the three PLOT tokens in my possession is: 880 HIVE * 3 plots = 2640 HIVE = 2114.64$ (previous report value: 1605.22$)

Farm DEC-USBD LP

Leofinance (https://leofinance.io/) is one of the most active and well-known communities on Hive and has created and developed a decentralized finance platform (DeFi) called CubFinance (https://cubdefi.com/).

On CubFinance I have put 24000 DEC tokens to work within the DEC-BUSD LP (V1) Farm.

Some time ago I migrated to the DEC-BUSD LP (V2) farm.

So far the cash injection into the DEC-BUSD farm has earned me: 13,242 CUB tokens (Farm V1) + 1.51 CUB tokens (Farm V2)= 14.75 CUB tokens = 14.75 * $0.672 = $9.91.

The value of Splintershards tokens (SPS) obtained from the current airdrop

The airdrop of Splintershards (SPS) tokens, the Splinterlands governance tokens, has contributed greatly to the increase in value of the Splinterlands game assets.

The SPS token airdrop is a different airdrop than the usual airdrop because it is an annual airdrop (365 days) and today November 3, 2021 is 100 days since the airdrop began.

In 100 days since the start of the airdrop I have accumulated a total of 11131 SPS tokens which I have staked to receive more SPS tokens (APR 53.54%).

Today the value of the 11131 SPS tokens in my possession is $6433.78 (image below).

Since October 13, 2021, SPS tokens have lost value.

In fact, if you look at the calculations in the image below, even though I have increased the amount of SPS tokens I own, their total value has decreased.

Value of card packs purchased but not opened

A while ago I bought 100 packs of cards from the Untamed collection in bulk from the Shop section of the Splinterlands website and as a bonus I received 10 free packs of cards.

I have opened 90 packs of cards and still have 20 packs of cards to open or sell.

Today the value of a pack of cards from the Untamed collection at https://hive-engine.com/?p=market&t=UNTAMED (Highest BID) is 85.49 SWAP.HIVE = $69.24 (previous report: $54.55).

The total value of the 20 packs of Untamed cards in my possession is $1384.8.

So far the decision to keep these packs of cards without opening or selling them has proven to be the right one because their value has increased by +26.93% in 21 days.

I have yet to decide whether to open, sell, or keep these 20 packs of Untamed cards...but I'm leaning more towards the option of selling and then reinvesting in Chaos Legion packs.

Value of VOUCHER tokens sold

Into this report of mine comes a new element of value: the VOUCHER token.

The VOUCHER token is a token needed to buy a pack of Chaos Legion cards during the current presale.

I have chosen to sell all of the VOUCHER tokens I have received to date and if their value remains above $4-8 I will continue to sell them.

With the proceeds of the sale I will buy Chaos Legion card packs when the Voucher tokens are no longer needed (after the sale of the first two million Chaos Legion card packs).

To date, I have sold a total of 37.29 VOUCHER tokens and have received 738.54 SWAP.HIVE tokens worth $598.21 in return.

A little bit of calculation...

Now that I've collected all the data I need (Total Costs and Total Revenues) it's time to do the sums and then I can calculate the Profit and ROI I got from my investment in Splinterlands after 24 months.

Profit ( Revenues - Costs )

As you can see from the calculations in the image below the Profit I got after 24 months on Splinterlands is $43728.46 (previous report 36725.40$)

From 18 October 2019 to date 24 months and 17 days have passed.

From October 13, 2021 to today November 3, 21 days have passed.

In 21 days my profit has increased by 7003$ (+19.07%) !

WOW :)

ROI ( Return On Investment )

In my previous report I recorded an ROI of 6906.79%.

After 21 days the ROI has increased and is now 8342.90%.

Month by month history of my investment in Splinterlands

Below you can see the history of my personal investment on Splinterlands from October 18, 2019 until today November 3, 2021.

The trend of PROFIT from the sixth month onwards was as follows:

- PROFIT after 6 months: 27.99 $

- PROFIT after 7 months: 82.346 $

- PROFIT after 8 months: 24.214 $

- PROFIT after 9 months: 78.902 $

- PROFIT after 10 months: 44.014 $

- PROFIT after 11 months: 149.437 $

- PROFIT after 12 months: 307.279 $

- PROFIT after 13 months: 316.13 $

- PROFIT after 14 months: 311.16 $

- PROFIT after 15 months: 338.02 $

- PROFIT after 16 months: 392.60 $

- PROFIT after 17 months: 687.68 $

- PROFIT after 18 months: 1046.56 $

- PROFIT after 19 months: 1239.77 $

- PROFIT after 20 months: 2232.06 $

- PROFIT after 21 months: 13310.82 $

- PROFIT after 22 months: 26764.87 $

- PROFIT after 23 months: 36201.26 $

- PROFIT after 24 months: 43728.46 $

In the following graph you can see the trend of the ROI from the sixth month onwards was as follows:

Considerations

Splinterlands continues its run and so do the financial results of my investment in Splinterlands.

Since my last report all of Splinterlands assets have increased in value except for SPS tokens and DEC tokens which have declined slightly.

1000 DEC tokens that were worth $0.68 only 9 months ago (March 11, 2021) are now worth $11.04 while 21 days ago they were worth about $14.

I'm really very pleased to have believed and invested in the Splinterlands game and I believe and hope that the best is yet to come...

Splinterlands is a concrete example of all that a blockchain-based game can offer to its players:

- fun

- exclusive digital ownership of the game assets (tokens and NFT)

- many different possibilities of gain and investment

Advices for new players

But do those who sign up today still have a chance to make a good profit?

In blockchain-based projects and especially in projects that have increased their success over time, the rule applies:

He who enters first is at an advantage and earn more rewards!

It is only fair to reward those who have believed from the start.

Those who entered Splinterlands a year before me have made much higher profits than me.

Whoever enters a successful project like Splinterlands today will logically grow less quickly than someone who built up a collection of cards when cards cost much less than today but, even if it is only my personal opinion, I am convinced that Splinterlands still has a lot of potential and still has a lot to offer to its players including new players.

I may be repetitive but the advice I always give to new players is to be "Smart" players and to look at the Splinterlands game not as an isolated and successful project but as a beautiful project created and developed within a great ecosystem that is the Hive blockchain.

Those who only play will grow more slowly in the game of Splinterlands especially if they have decided not to invest external liquidity in the game and especially now that to earn DEC tokens from battle victories it is necessary to get to Bronze II league.

The smarter player not only plays the game:

- publishes Splinterlands-related content on the Hive blockchain.

- participates in weekly contests organized by Splinterlands on the Hive blockchain

In addition, those who publish Splinterlands-related content on Hive have the opportunity to earn HIVE tokens and various second-level Hive tokens.

Here's a practical example

Whoever participates in the Splinterlands Social Media Challenge contest, publishes a post about the game, uses the tag splinterlands and shares his post on a blogging platform other than Hive.blog:

- will receive a vote from the @steemmonsters account (the weight of the vote will depend on the quality of the content of the post and you can receive a maximum of two votes in 7 days on two published posts)

- will have the chance to earn token HIVE.

HIVE tokens are one of the currency tokens on Hive's blockchain

Today November 3, 2021, 1 HIVE token has the value of $0.810.

- will have the opportunity to earn SPT tokens from the Hive community: https://www.splintertalk.io/

SPT tokens are second-level tokens on the Hive blockchain and were created by the @splinterlands account.

Today November 3, 2021, the value of 1 SPT token is 0.01069 SWAP.HIVE.

1000 SPT = 10.69 HIVE = $8.65.

- if you use the oneup tag you will also have the chance to receive ONEUP tokens from Hive's beautiful new community of blockchain-based games: https://www.1up.zone/

The ONEUP tokens are tokens created by @flauwy, which is also the creator of the @monster-curator account.

Today November 3rd 1 ONEUP token has the value of 0.07 SWAP.HIVE.

100 ONEUP tokens = 7 HIVE = $5.67

- If you also write about the financial aspects of the Splinterlands game in your post like I did in this report and use the leofinance tag you will have the chance to earn LEO tokens from the Leofinance community: https://leofinance.io/

The LEO tokens are second-level tokens of the Hive blockchain created by the khaleelkazi account (on Hive Blockchain).

Today, November 3, 2021, the value of 1 LEO token is 0.36 SWAP.HIVE = $0.29.

Up to 10 different tags can be used on a post published on the Hive blockchain, and there are many second-level Hive tokens that can be earned from publishing a post.

I will go into more detail on this topic in a future post ;)

A Smart player who not only sees the potential of a great game like Splinterlands but also the great potential of the Hive blockchain on which Splinterlands is built and developed, will grow much faster than a simple player and if he uses a part of the rewards from his content creation activity on Hive to buy cards and other Splinterlands assets his growth within the game will be very fast ;)

Will ROI and Profit grow in the next month or will they suffer a decrease?

Follow me to find out ;)

I hope you liked this post and thank you for taking the time to read it :)

Are you not a Splinterlands player?

Splinterlands is a beautiful game and it has proved to be a very good investment (at least until now) and if you regularly participate to the weekly contests organized by the @splinterlands account you will recover the registration cost (10$) in a short time.

If you decide to register, you can do it from this link:

https://splinterlands.com?ref=libertycrypto27

of course if you'd like to use my refferal link... :)

Any game that involves the purchase of cards and tokens is never a simple game but it is also an investment and should be considered as such.

I am not a financial consultant and if you decide to invest in the game of Splinterlands you do it for your own choice, after having made your personal evaluations and considered all possible risk factors.

My advice is to always invest only what you can afford to lose with a light heart.

See you on the battlefields of Splinterlands.

Unless otherwise indicated, the images in this post are screenshots taken from the sites:

https://splinterlands.com/

https://hive-engine.com/

https://www.splintercards.com/

Images containing calculations and formulas are my property

The font used in my images or edited by me is Open Source

Splinterlands ON!