Cover Image: Logo image owned by @splinterlands - Edit by @libertycrypto27- Font used is Open Source
The major difference between a traditional, centralized game and a blockchain-based game is that a traditional game only gives you fun while a blockchain game, in addition to fun, also allows you to gain ownership of game elements such as tokens and NFTs that you can sell, rent or buy.
Splinterlands is my favorite blockchain based game and it's been more than 20 months since the day I decided to pay the $10 entry fee (October 19, 2019) and start my adventure in the world of blockchain based games.
Splinterlands like all blockchain based games allows the purchase of tokens and NFT using various methods of purchase and for this reason is not only a game but also an investment.
Every month I write a report in which I analyze Splinterlands only from a financial point of view and I calculate the ROI and any profit or loss that I have made so far.
Note: In the numbers in this report the comma "," and the dot "." are both decimal separators.
Below are the topics I will cover in this my 20th monthly report:
Report Topics
- Final Result Previous Report
- Evaluation of Splinterlands as Investment (after 20 months)
- Total Investment Cost
- Total Revenue
- Value of my card collection
- Value of accumulated DEC tokens
- Revenues from the sale of DEC tokens
- Value of the Plots
- Revenues from Farms DEC - BUSD LP (CubFinance)
- Profit/Loss Calculation
- ROI Calculation
- Final Considerations
- Month by month history of my Splinterlands investment
- But do those who sign up today still have a chance to make a good profit?
- Miscellaneous Considerations
Final Result Previous Report
The starting point for this report of mine on Splinterlands is the result I recorded in my previous monthly report
Since four months my profit and ROI continues to grow and in the following two images you can see the trend of Profit and ROI that I have achieved in 19 months (until May 27, 2021).
Against an investment of $336 I got a total profit of 1239.77 and a ROI of 368.60%.
I've been really busy this month and didn't have time to do the calculations before so this report of mine is for a period longer than a month (45 days).
I evaluate my investment on Splinterlands while writing my report and now it's time to see if I will have a positive or negative result compared to the previous report.
Evaluation of Splinterlands as an Investment (after 20 months)
To evaluate any investment you must always calculate and compare costs and revenues.
Below I will calculate the total costs I have incurred to date and the total revenue I have earned to date.
Total Cost of Investment
The total cost of my investment on Splinterlands is given by the following sum:
Entry Cost (Starter Set: 10$) + Total Cost of Cards Purchased + Total Cost of DEC Purchased + Total Cost of Plots Purchased
From the date of my last report (May 27, 2021) and through today July 10, 2021:
- I purchased, just before Sold Out, 100 packs of Untamed cards from the Shop section of Splinterlands using 200000 DEC tokens as my payment method.
I received +10 free Untamed packs (bonus) and spent $1.65 per pack of cards with a total spend of $181.7695 (1.65245 * 110).
- I rented during the last days of the last 3 seasons of Splinterlands some cards from Peakmonsters market (https://peakmonsters.com/) and I spent in total: 6.03$ (1.99$ + 1.92$ + 2.12$).
Since the date of my last report (May 27, 2021) I have spent a total of $187.79.
The $187.79 produces an increase in the total cost of my Splinterlands investment which is now given by the following sum:
total investment cost previous report + cost to purchase packs of Untamed cards + cost to rent cards for the season finale.
336.35$ + 187.79$ = 524.14$.
Revenues
In the game of Splinterlands, revenues consist of:
- the market value of the Cards that compose a collection of cards
- the value obtained from the sale of the cards
- the value of the DEC (Dark Energy Crystal) tokens accumulated and not reinvested.
- the value obtained from the sale of DEC tokens.
- the market value of the purchased plots.
- The value obtained from the sale of the plots.
- The value obtained from the use of DEC tokens in a Farm.
How much are my cards worth?
To know the total value in dollars of my cards collection I always use the useful tool of the Peakmonsters site (https://peakmonsters.com/@libertycrypto27/collection) that inside the Collection section gives the calculation of the value of my cards collection.
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 lesser of:
- the total value using Market Prices.
- the total value using the List Prices.
Note: In the calculation of revenues these two values are estimated values because both consider the case in which the cards are sold all at the prices indicated.
In reality there are cards that are easier to sell and others that are less easy to sell (the cards that have a very high market price), but until now I have always managed to sell all the cards that I put on the market at the lowest market price.
If I wanted to calculate the precise value of my collection of cards I would have to consider only the BID Price (the value immediately monetizable) for each card in my collection and the calculation would become very time consuming because my collection of cards is provided by 1717 cards (5059 BCX) and for this reason I am satisfied with an approximation.
On March 26, 2021 my card collection had a value of $819.63 (using Market prices)
On May 3, 2021 my card collection had a value of 1164.44 $ (using Market prices)
On May 27, 2021 my card collection had a value of 1349.09 $ (using Market prices)
Today July 10, 2021 my card collection has a value of 2511.49 $ (using Market prices)
In my previous report I had recorded an increase in value (+ $184.65) but in this report the increase is truly remarkable: +$1162.4.
The cards of Splinterlands continue to increase their value especially the Legendary cards and the Gold cards.
This increase in value is really extraordinary because it happened in about 45 days.
Since the date of my last report I have invested $187 and I haven't even opened all the Untamed packs I have purchased: I still have 47 packs to open.
There is also a bit of luck in this increase.
Yesterday I participated in a giveaway organized on youtube by @hardrockcrypto and the great hiver @dexpartacus and I won a card of great value: Scarred LLama Mage (level 1) whose current value is 59.40$.
If you don't follow @dexpartacus and @hardrockcrypto I suggest you to follow them to be always updated on the news of our beloved crypto world.
How much are the DEC tokens I have on my wallet worth?
The DEC (Dark Energy Crystal) are the Tokens native of the game of Splinterlands, they are obtained as a reward for each battle won within the game and can be found inside the chests that you receive every day as a reward for the completion of daily missions and as a reward for the result obtained at the conclusion of the seasons of Splinterlands (every 15 days).
DEC tokens are utility tokens because they have many use cases:
- they can be sold and bought on HiveEngine/LeoDex/TribalDex
- can be used to buy cards, potions, starter sets (Spell book)
- they can be used in the DeFi platforms of CubFinance and UniSwap
- can be used to rent cards
- will have a weight during the next airdrop of Splinterlands governance tokens (SPS tokens)
To date, I have accumulated a total of 79272 DEC tokens on my in-game Splinterlands wallet (previous month: 121077 DEC tokens).
As you can see from the calculations in the following image, today 10 July 2021, 79272 DEC tokens have the value of 90.75 $ (Highest Bid on LeoDex/HiveEngine/TribalDex)
Revenues from sale of DEC tokens on Hive Engine
Since I have been a member on Splinterlands, I have used DEC tokens primarily to purchase cards from the marketplace for the purpose of upgrading and improving my card collection.
Only on one occasion have I decided to sell DEC tokens to power up on Hive and increase my amount of HP (Hive Power).
On October 5, 2020, I sold 81000 DECs on the Hive Engine marketplace and received 400.14 HIVE in return for a value at the time of sale of $64.8.
Today 400 HIVE is worth much more than $64.8 but I prefer to consider the value they had at the time I got them from the sale of the DEC tokens.
How much are my Plots 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 $.
The plots until a few days ago could be purchased directly from the Splinterlands website at the price of $20 but now they are finished and you can only buy them on markets outside the game as on LeoDex/HiveEngine/TribalDex.
At the time of writing this post the best sale offer of a Plot on Hive Engine is 110 HIVE equivalent to 34.65$.
Those interested in buying a Plot can either buy it immediately at this price or can try to make a BID to hopefully get a lower price.
In calculating my profit I take into account the value of the best bid (Highest BID) on https://hive-engine.com/?p=market&t=PLOT which is 87.1 HIVE.
The total value of the three plots in my possession is 87.1 HIVE * 3 plots = 261.3 HIVE = 83.09$ (previous report value: 51.87$)
Farm DEC-USBD LP
CubFinance (https://cubdefi.com/) is a decentralized finance platform created and developed by one of Hive's most active communities: the Leofinance community.
On CubFinance I use the Farm DEC-USBD LP in which I put 24000 DECs to work.
So far I have obtained 7,497 CUB tokens which have a value of $6,066.
Some calculations...
Now I have all the data I need (Total Costs and Total Revenues) to calculate the Profit or Loss and ROI that I have obtained after 20 months of play and investment on Splinterlands.
Profit
( Revenues - Costs )
As you can see from the calculations in the following image my profit after more than 20 months since my registration on Splinterlands is 2232.06 $ (previous report 1239.77 $)
ROI
( Return On Investment )
The profit has increased in about a month and a half of almost 1000$ and consequently also the ROI has undergone a good percentage increase.
The ROI I have calculated is 425.85% (ROI previous monthly report 368.60%).
Month by month history of my investment on Splinterlands
Below you can see the history of my personal investment on Splinterlands from October 18, 2019 until today July 10, 2021.
The ROI trend from month 6 onwards has been as follows:
- ROI after 6 months: 34.73 %.
- ROI after 7 months: 77.02 %
- ROI after 8 months: 10.93 %
- ROI after 9 months: 34.33 %
- ROI after 10 months: 16.99 %
- ROI after 11 months: 57.68 %
- ROI after 12 months: 118.59 %
- ROI after 13 months: 113.41 %
- ROI after 14 months: 111.62 %
- ROI after 15 months: 121.26 %
- ROI after 16 months: 140.84 %
- ROI after 17 months: 246.69 %
- ROI after 18 months: 334.33 %
- ROI after 19 months: 368.60 %
- ROI after 20 months: 425.85 %
The trend of PROFIT from month 6 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 $
Final Considerations
The result I have recorded in this report is the best result I have recorded so far.
A profit increase of almost 1000$ in 45 days is really a result I did not expect.
I'm more and more happy that I decided 20 months ago to start my gaming adventure on Splinterlands and my big and only regret is that I didn't start earlier but when Splinterlands was born I didn't know at all the meaning of Blockchain based game.
I firmly believe that blockchain based games will be the future of videogames and I expressed my thoughts in a post I wrote a short time ago.
Link Post: https://read.cash/@libertycrypto27/blockchain-games-the-future-of-gaming-66150239
Splinterlands is a clear example of what a blockchain-based game can offer players:
- fun
- exclusive ownership of tokens and game cards
- many possibilities of gain and investment
But do those who sign up today still have a chance to make a good profit?
Obviously when a blockchain based game is as successful as Splinterlands those who signed up earlier have earned much more than those who signed up after several months.
If I had signed up for Splinterlands from day one my profit would most likely be 0 more.
I have been recommending Splinterlands for 20 months for two reasons:
- it is a fun game
- it offers so many possibilities of profit
Splinterlands can be played totally free of charge but in order to be eligible to receive in-game rewards (DEC and NFT tokens) you need to pay the $10 signup fee (Spellbook).
The advice I give to people who have just signed up to Splinterlands is to participate in the contests that the account @splinterlands organizes every week because with the participation in the contests you can receive a maximum of two votes per week from the account @steemmonsters and the cost of registration to the game is recovered in a short time only and thanks to the participation in the weekly contests.
In the following image you can see the vote I received from Splinterlands on my last post to participate in the Splinterlands Social Media Challenge contest:
On Hive the author of a post receives 50% of the votes he receives and so with one participation in a weekly Splinterlands contest I earned about 3$ (6.022/2).
3$ is 30% of the cost of entering Splinterlands.
Then there are the giveaways on twitter, the giveaways on Hive, the trivia challenges on Hive and on Telegram, there are SPT tokens and soon there will be lands, SPS governance tokens and who knows how many other possibilities Splinterlands will reserve for its players in the future...
I hope youliked this report and thank you for giving me your time :)
Will ROI and Profit grow in the next month or will they decrease?
Follow me to find out ;)
You're 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 participate regularly to the weekly contests organized by the @splinterlands account you will recover the registration cost (10$) in few weeks.
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 allows the purchase of cards and tokens is never a simple game but is also an investment and should be considered as such.
I am not a financial advisor and if you decide to invest in the game of Splinterlands you do it for your own choice and at your own risk.
See you on the battlefields of Splinterlands.
Unless otherwise indicated, the images in this post are screenshots taken from the sites:
Images containing calculations and formulas are my property
The font used in my images or edited by me is Open Source
Splinterlands ON!
Interesting article. Would you say turning a profit is also possible with just the $10 investment, or that the purchases of cards and plots you made were essential to the profit your turned?