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Is Splinterlands a Good Investment? 18 Months Later ... ROI and considerations
Cover Image: Logo image owned by Splinterlands - Edit by @libertycrypto27- Font used is Open Source
I became a happy Splinterlands player on October 19, 2019 when I decided to pay the $10 entry fee that many months ago was called Starter Set while now it is called Spell Book.
Since October 19, 2019 more than 18 months have passed (exactly 18 months and 14 days) and after all these months Splinterlands is still my favourite blockchain based game.
Almost always, games based on blockchains are never just games but can also be considered real investments.
This dual game/investment aspect is especially applicable to Splinterlands.
Splinterlands in fact offers:
- the possibility to receive cards completely free of charge from the completion of daily quests and from the completion of fortnightly quests (the Splinterland seasons)
- the possibility to buy and sell NFTs (game cards)
- the ability to buy and sell the game's native tokens (Dark Energy Crystal)
- the possibility to generate passive income by using DEC tokens in the farms of some DeFi projects like: CubFinance (https://cubdefi.com/) or Uniswap.
So far Splinterlands has proven to be for me not only a fun game but above all a good investment.
For this reason I write a report every month in which I completely leave out the strategic and playful aspect of Splinterlands and exclusively consider the financial aspect of Hive's most famous card game.
Note: In the numbers in this report the comma "," and the dot "." are both decimal separators.
Here are the topics I will cover in this monthly report:
The total cost of my investment on Splinterlands is given by the following sum:
Subscription cost (Starter Set: 10$) + Total cost of Cards purchased + Total cost of DECs purchased + Total cost of Plots purchased
From the date of my last report (March 26, 2021) and until today May 3, 2021 I have purchased 24 packs of Untamed cards from the https://hive-engine.com/ marketplace because I found really good prices.
I spent a total of 45.28 HIVE which at the time of my purchase had a value of 34.27 $.
For this reason, the total cost of my investment has increased and is now the sum:
total investment cost previous report + cost of buying 24 packs of Untamed cards
The peakmonsters site calculates the value of my collection based on two different prices: Market prices and List prices.
To calculate the value of my card collection I always consider the lower of:
- the total value using Market Prices.
- the total value using List Prices.
Note: In the calculation of revenues these two values are estimated values because they both consider the case in which all cards are sold at the indicated prices.
In reality, there are cards that are easier to sell and others that are less easy to sell, even though up to now I have always managed to sell all the cards I put on the market at the lowest market price.
If I wanted to calculate the precise value of my card collection I would have to consider only the BID Price (the immediately monetizable value) for each card in my collection and the calculation would become very time consuming because I have 1447 cards in my collection (4163 BCX) and for this reason I am content with an approximation.
On 26 March 2021 my card collection had a value of $819.63 (using Market prices)
Today 3 May 2021 my card collection has a value of 1164,44 $ (using Market prices)
The value of my card collection has also increased this month: + $344.81 compared to the value I recorded in the previous month.
A higher increase compared to the previous month, but in small part due to the value of the cards I found inside the 24 packs of Untamed cards.
The DEC (Dark Energy Crystal) are the Tokens native to the game of Splinterlands that can be used to buy various elements of the game (cards, potions, card packs, plots...) or can be sold and bought on HiveEngine/LeoDex or can be used on certain farms (DeFi).
For each battle won, every Splinterlands player receives a certain amount of DEC tokens as a reward, which depends on several factors:
- the rating
- the level of the guild they belong to (Guild Bonus)
- the use of specific cards in battle (Gold, Promo, Alpha)
- the consecutive number of battle victories (Streak Bonus)
Thanks to my gaming activity, the cards I sold this month, the completion of daily quests and the Splinterlands end-of-season rewards, I have a total of 84054DEC tokens in my Splinterlands internal wallet (previous month: 68367 DEC tokens).
Today May 3, 2021, the dollar value of 84054DEC is 84.11 $ (Highest Bid on LeoDex/HiveEngine)
On November 21, 2020 I purchased 3 Plots at a price of 7500 DEC each for a total cost of 22500 DEC whose $ value at the time of purchase was 19.66 $.
The plots can be purchased directly from the Splinterlands website at the price of $20 but they can also be purchased on LeoDex/HiveEngine (34 HIVE) but at the time of writing this post it is more convenient to buy them from the Splinterlands website where there is also a 20% discount for those who buy the plots using BAT tokens as payment method (last month the best price was on HiveEngine/LeoDex)
As is almost always the case with all successful games, those who have signed up for Splinterlands from the start have made a great investment and made a great profit.
The logical question a new player might ask themselves is this:
If I sign up today will I have the same chance of making a great profit?
I can't answer this question because I don't have the ability to predict the future (unfortunately :) but I still see a lot of potential in the game of Splinterlands.
Those who sign up now will receive fewer rewards than those who signed up a long time ago because in the past the rewards were much higher.
I continue to promote and recommend Splinterlands for the following reasons:
- it is a fun game
- It offers several earning possibilities (daily and fortnightly rewards, DEC sales, cards sales, DECs that can be used in some Farms).
- 2 upvotes per week from the @steemmonsters account on posts that participate in weekly contests
- the registration fee of 10$ is recovered entirely with the upvotes received for participating in 2-4 weekly contests (the weight of the vote depends on the quality of the post but I have never seen a post that participated in a contest without a vote from Splinterlands)
- there are lots of giveaways, there is a weekly trivia challenge and contests and giveaways on Twitter that offer the chance to get cards for free.
Will ROI and Profit grow in the next month or will they decline?
Follow me to find out ;)
I hope you liked this post and I thank you for taking the time to read it :)
Not a Splinterlands player?
If you are not a Splinterlands player, you are missing out on a unique opportunity to have fun while earning cards and DEC.
If you decide to register, you can do so from this link:
Of course if you'd like to use my refferal link... :)
If you use a refferal link when registering for Splinterlands you have the following advantage:
Splinterlands is a great game but it has also proven to be a good investment (at least so far) and if you regularly participate in the weekly contests organized by the @splinterlands account you will recoup the cost of registration in a few weeks.
Any game that allows you to buy cards and tokens is never just a game, it is also an investment.
I am not a financial advisor and my advice is not financial advice, it is just my personal opinion based on my experience.
If you decide to invest in the Splinterlands game you do so at your own choice and risk.
See you on the Splinterlands battlefields.
Unless otherwise indicated, the images in this post are screenshots taken from the sites: