Road to Runi - Update 10 | Splinterlands #314
A lot is going on in the splinterlands world and it is great to have that level of excitement permeating again in the community. This week’s Town Square provided more insight into the Rebellion set pre-sale and Yabbapmatt talking about the game's long-term future.
With the Rebellion set pre-sale now live and 500000 packs up for sale, it was always interesting to see how the pre-sale will perform considering the current crypto bear market conditions. At the current time of writing, just over half of the packs have been sold, which is astounding. We need to put things into perspective here – the sentiment around the game has been low for the past few months and with delays to the Land 1.5 release, splinterlands staff layoffs and a management shake-up, I didn’t expect much. However, after 1 day of the pre-sale being live and 50% already sold, I would take that as an enormous success. I fully expect things to slow down a little, and then increase as the sale close comes to an end and people start pushing and shoving to climb the ranks of the leaderboard.
Yabbapmatt provided more insight into the SPS flywheel, and it is heavily dependent on DEC reaching a $1 peg value (per 1k DEC). Yabbapmatt also touched on the importance Land will play in the long-term burning of cards. Players will be encouraged to combine cards to maximize the effective use of cards staked to Land.
This past week in splinterlands is what gives me a glimmer of hope for the future of the game. If the Rebellion set pre-sale goes well (already a success in my eyes, but ideally if all the packs are sold out), the Land 1.5 release is released before the end of the year, the Rebellion set goes on general sale on 5th Dec 2023 and the splinterlands team manages to survive its 6-month runway ($250k per month), then the game should be in a good space and more importantly, sustainable place for the long-term.
Runi Fund
With Rebellion pre-sale now live, DEC continues its climb back to peg with another 10% week-on-week increase. DEC is now just $0.05 away from reaching its $1 peg (per 1k DEC), things are looking a lot healthier.
From a Runi fund perspective, we added another 11k DEC to the fund and with the price increases to DEC, the overall fund is sitting at just under $340. The increase in the funds can be attributed partly due to another season-end close on splinterlands in which some Chaos Legion packs were sold, selling HBD (for DEC) received from publishing content on hive, but mostly due to the price rise in DEC.
Runi Market
For the past few weeks, the Runi NFTs have been trending down and another new floor price being has been set. With all the fanfare and excitement being directed towards the Rebellion set pre-sale, it’s not a surprise that a new floor price of 0.32 ETH ($496.88) is being set.
The sales activity for Runis in the past week decreased by more than 67%. The sales range fluctuated between 0.319 ETH ($496.19) and 0.38 ETH ($598.18). You can view it as players rather diverting funds towards the Rebellion set pre-sale or being caught up in the hype and FOMO of the fake Bitcoin ETF approval – it’s always difficult to explain when it's difficult to pinpoint factual evidence that causes market movements.
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