Cover Image: Logo image owned by dcrops - Edit by @libertycrypto27- Font used is Open Source
I love decentralisation and the world of blockchains and as a consequence I follow and play several blockchain-based games.
The latest game I decided to play is Dcrops (https://www.dcrops.com/).
If this is the first time you've heard of the game Dcrops I'll briefly explain what it is.
What is Dcrops?
Dcrops is a blockchain-based farming simulation game that runs on the Hive blockchain.
It is a game that has only been available to play for a short time and is in an early development phase: the Alpha version.
The aim of the game is to buy land in which you can plant seeds to grow plants which, after a certain period of time, produce fruits that you can sell.
The land and seeds are the NFTs of the Dcrops game.
As in the real world in the game of dCrops there are 4 seasons (summer, spring, autumn and winter), but they only last for 15 days.
LAND cards can be used in every season, while SEED cards can only be used in a specific season.
The crops grown can be sold for Share points.
Share points allow you to enter the fortnightly ranking, which has a reward pool consisting of a quantity of CROP tokens.
Players are rewarded at the end of each season with a certain amount of CROP tokens depending on the total amount of Shares points earned during the season.
CROP tokens can be withdrawn from the in-game wallet and can be sent to the Hive Engine/LeoDex/TribalDex wallet.
Once withdrawn, CROP tokens become second level Hive tokens and are called dCrops Token.
My first Dcrops report
With today's post I am starting to publish seasonal reports (every 15 days) on the game of Dcrops.
These reports will help me evaluate my investment in the Dcrops game and I hope they will also be useful to those of my readers who are considering joining this new farming game.
Farming games are games that require little time but at the same time require an initial investment and for this reason I consider them more than games as real investments.
In fact Dcrops is not a free game and to start playing you need to buy card packs or cards from the in-game market.
The cost of a card pack is $2 and each pack contains 5 cards with the guarantee that at least one card is of rare type or better.
To buy packs of cards you can pay with HIVE tokens or CROP tokens.
Two months ago I bought 10 packs of cards and spent 18,574 HIVE.
Two months ago HIVE was worth much more than today and now to buy 10 packs of cards you need 58,797 HIVE.
Right now, buying a pack of dcrops cards using HIVE tokens as a payment method costs 5,796 HIVE while using CROP tokens sold on Hive Engine costs less: 4.8 HIVE.
The other alternative is to place a BID on Hive Engine and try to get an even lower price for the CROP token purchase.
The end of Autumn and the beginning of Winter
The winter season is underway in the dcrops game.
The current season is the fourth season since the game started.
The first two seasons were test seasons with reduced rewards while the previous season (Autumn) was the first season with a Reward Pool of 500000 CROP tokens.
Since completing the previous seasons I have received a total of 561.40 CROP tokens as a reward.
If I wanted to sell the CROP tokens that I have earned so far at the value of the best purchase offer I would get 0.84 HIVE.
My strategy on Dcrops
I will not be selling my CROP tokens and the strategy I have decided to follow is as follows:
- I will only buy seed cards from the dcrops market if I have Land cards with free and unused Plots
- the CROP tokens that I will earn from the fortnightly ranking I will invest in the purchase of packs of cards (1 pack of cards = 2000 CROP tokens)
- when I have more seed cards than I can use in a season, I will sell these cards on the internal market of dCrops.
In order to follow my strategy before the start of the current season I bought some seed cards from the dCrops market.
As you can see from the pictures below, I bought:
- 8 Peas seeds and I spent 4 HIVE.
- 3 Radish seeds and I spent 1.02 HIVE.
This season I have many more seeds planted than the previous season and should get a bigger reward.
Total investment cost
The total cost of my investment in Dcrops is given by the sum of the cost of the packs of cards I bought and the cost of the seed cards I bought from Dcrops' internal market.
Total cost: 23,594 HIVE (18,574 + 4 + 1.02)
Will Dcrops be a good investment?
Final Considerations
This is a premature question to answer because the game started very recently.
As I've written before I consider Farming games to be investments rather than games and every investment always has a risk factor to consider and evaluate.
Dcrops will be a good investment if many players decide to play and invest in buying CROP cards and tokens.
In my opinion Dcrops is a game that has potential because:
- it is easy to understand and play
- it has essential but very nice graphics
- it requires little time to play.
After the end of the current season of Dcrops I will have more data and in my next fortnightly report I will start to calculate the ROI and Profit of my investment in Dcrops.
In this my first Dcrops report I have only calculated the amount of HIVE needed to reach my Break-Even point.
For the calculation of the Break-Even point I have only considered the value of the rewards received (CROP tokens) and I have not considered the value of the cards in my card collection because in the Dcrops market it is not possible to make a BID and therefore I cannot know the immediately monetisable value of my card collection.
For the time being I consider this a positive result because with only one season completed (the first two were test seasons) I have recovered 3.56% of my initial investment.
I hope you enjoyed my report and if you like it, follow me to read my future posts and reports on Dcrops ;)
Important Note:
Dcrops is more than a game, it is an investment and should be treated as such.
In any kind of investment there is always a risk factor to evaluate and consider.
I am not a financial advisor and my report is in no way an invitation to invest in Dcrops but is just an analysis of my personal investment in Dcrops on June 17, 2021.
My advice is to always invest only what you can afford to lose with a light heart!
***
Unless otherwise indicated, the images in this post are screenshots taken from the sites:
https://hive-engine.com/
The images containing formulas and calculations are my property
The font used in the calculations images and in the images edited by me is Open Source
