DCITY: My Road To 3000 SIM Daily (Update)

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Written by

libertycrypto27

I love the philosophy behind blockchains and I dream of a decentralized world.

3 years ago

Topics: NFT, Gaming, Blockchain games, Dcity, Games

Logo dcity owned by https://dcity.io/ - edit by @libertycrypto27 - Font used is Open Source

Hello friends of read.cash,

I like games based on blockchains and I am a collector of NFT.

I've already written a post here on read.cash about dCity which is a Hive blockchain game.

I've been playing dCity for about 7 months now and have collected several cards that are NFTs that produce a daily amount of other NFTs that are called SIM.

Over the last couple of months the SIM value in relation to HIVE has dropped a lot, although in the last few days it has picked up and seems to be around 0.0020 HIVE.

The dollar value of SIM tokens on the other hand has remained almost the same and in fact has only lost $0.00008 since 28 December 2020 when a SIM was worth 0.00490 HIVE and $0.00058.

Despite the SIM/HIVE value loss I continue my investment path on Dcity and continue to pursue my short term goal which is to achieve a production of 3000 SIMs per day.

On my HiveEngine/LeoDex wallet I have 41514,719 SIM which I will use to buy cards from the dCity market to expand my city and to increase my daily SIM production.

My buying strategy

My buying strategy is always the same:

- I buy the cards that produce the most SIM per day and cost the least.

- I exclude cards that produce the negative effect of Crime and cards that have a very negative popularity attribute.

To choose which cards to buy I calculate the SIM INCOME/$ ratio for each card on the dCity market.

The card that has the highest SIM INCOME/$ ratio is my choice because it is the card that for every dollar spent gives me the highest SIM production per day.

In the following image you can see the table I built to calculate the SIM INCOME/$ ratio and the prices and calculations in the table are as of 25 February 2021 at 12:15 pm.

In column 6 is the SIM INCOME/$ ratio using SWAP.HIVE tokens as the payment method.

In column 7 is the SIM INCOME/$ ratio using SIM tokens as the payment method.

In columns 8 and 9 I have calculated the SIM INCOME/$ ratio after tax. Today 21 February 2021 the tax is 72.2%.

Note: In the spreadsheet I did not consider the effect of the use of technology cards that are able to increase the daily SIM income of specific cards.

The cards that had the best SIM INCOME/$ ratio at 12:15 today were:

- Hotel

- Ad Agency

- Casino

- Gym

- Restaurant

As you can see from the image below the Hotel card has the best SIM INCOME/$ ratio (21.32) without taxes and 5.92 after taxes using SIM tokens as payment method.

After making my choice I can go to the dCity marketplace to buy Hotel cards.

At the time of purchase I noticed that user @desyfit had lowered the price to 934.1 SIM so the purchase is even cheaper for me.

I bought a total of 44 Hotel cards at the price of 934.1 SIM per card, so I spent a total of 41100.4 SIM.

Based on today's HIVE value, 41100.4 SIM cards correspond to a value of 86.31 HIVE.

This is the fourth time in a row that looking at the dCity market I find the Hotel card as the card with the best SIM/INCOME ratio.

How long will it take me to recover my last investment?

In my spreadsheet I have included the calculation of the break-even point for each card.

The time to reach the break-even point depends on the percentage of fees.

In fact, the percentage value of the fees produces a decrease in the same percentage of the SIM production of each card and consequently increases the time needed to recover the cost incurred for the purchase of the cards.

Today 25 February 2021 the taxes are very high and are at 72.2%.

As you can see from the calculations in the next image each Hotel card I have purchased will take 336.04 days to recover the purchase cost incurred and therefore to reach the break-even point.

After 336.04 days it will produce only profits (SIM).

Obviously if taxes decrease, the time needed to reach the break-even point will also decrease, and vice versa, it will increase if taxes increase.

The effects produced on my city

I will now show you the effects that the purchase of the 44 hotel cards has had on my city.

Before the purchase of the 44 hotel cards my town had the following statistics:

- SIM production: 1060 SIM per day

- population: 3499

- popularity: 2015

After the purchase of the 44 Hotel cards the statistics have changed:

- SIM production: 1220 SIM per day (+ 160)

- population: 4241 (+ 742)

- popularity: 2235 (+ 220)

Citizens without jobs

Before the purchase of the Hotel cards the percentage of citizens without a job was 6.49%.

Despite the fact that 44 Hotel cards need a net workforce (Workers - Population) of 484 (11 * 44) workers the percentage of citizens without work increases to 7.29%.

It may seem a paradoxical situation compared to reality but in the game of dCity popularity produces a population increase that exceeds the total number of workers that the 44 Hotel cards require.

The percentage of citizens out of work comes at a cost in terms of SIM and costs me -62 SIM per day.

To solve this I could sell some cards that have a very high popularity attribute or sell some citizen cards.

I'm still considering what to do...

Conclusion

The value of SIM tokens has decreased in the last couple of months but I'm not worried and I continue to invest in buying cards to enlarge my virtual city.

Over the next few days I will continue to reinvest the SIM my city produces and will stop when my city has a base production (not including the effect of taxes) of 6000 SIM per day.

My current base SIM production is 3281 SIM per day.

Thanks for reading and if you liked my post follow me to read my next posts on dCity.

Important Note:

dCity is more than a game, it's an investment and it must be considered as such.

In any kind of investment there is always a risk factor to evaluate and consider.

I'm happy and satisfied to have invested in the dCity game but I can't predict the future (unfortunately) and so this post of mine doesn't want to be in any way an invitation to invest on dCity.