Today's biggest takeaway is that Splinterlands can be more than a game if you want it to be! It can be part of your investment portfolio like it has become for me! I love the game and am investing in its future growth - I hope I can take you on that journey with me!
My name is Josie and I recently started a YouTube channel: JosiePlaysCrypto! I recently got hooked on Splinterlands because of the gameplay, and have since added this game as part of my investment portfolio!. I see long term growth and a bright future for the game and believe in its founders and developers. Today, I'm going to share with you four different investment strategies within Splinterlands to get that Return on investment!
Note that anything I say in this post or my YouTube video is NOT financial advice!
Splinterlands has SO many aspects to it that, just starting out, you may not know all the ins and outs of making a Return on Investment within the game. In addition to just playing the game, there are a few different strategies to generate additional passive income.
Now, let's get to the fun part! #1 on my list is RENTALS. The rental market is a place where, as card owners, you are able to rent out your individual cards to other players in a free market. Yes - you actually OWN the cards in the game, and can therefore do what you want with them. The site I use the most is peakmonsters.com, but Splinterlands itself has an easy to use rental interface. You can rent out your worst cards, OR your best cards, but general rule of thumb is that the cards that are dominating the current meta are the ones that rent out for the highest price.
If you've been with Splinterlands BEFORE the Chaos Legion release, Venari Wavesmith was a VERY profitable rental card because, not only was the card cheap, but it was a large part of the Meta. When I say very profitable, I am referring to the yearly Return on Investment from purchasing the card and renting it out.
Prior to Chaos Legion, Venari Wavesmith was selling at $5-6 a card, and renting out for $0.03-$0.04 a DAY. If you do the math out and rent out the Wavesmith for 365 days (which is VERY optimistic), that's $12.78 you are making over the course of the year. Even if you only rented it out for half the year, that's still over $6, which is over 100% return on investment!
I tell you all this to also tell you the flip side of the story. Once chaos legion came out, the card value itself went down to ONLY 17 cents, and its rental value at 0.1DEC. So there are absolutely RISKS involved with this strategy. As the meta changes, card values and card rental prices go up and down
One rental that I am currently fond of is Queen Mycellia. The cost of the card is about $25 and is renting out for 12 DEC, or 3.5 cents. Doing the math out, renting 365 days a year would give you the $12.78, which equals approximately a 50% return on investment.
You'll have to do some research on card prices vs. rental prices to figure out which ones are the best rental buys, BUT if you already have duplicate cards that you're not using, make sure to list them on the marketplace so that you can make some of that passive income!!
Second up is SPS Staking! SPS stands for Splintershards! SPS is Splinterlands' governance token, and while it does not have much functionality right now, it WILL in the future. For now, though, Splinterlands is rewarding folks that stake SPS a 30+% APR, which is close to a 40% APY.
On top of that, folks that stake have unique benefits such as earning vouchers for pack pre-sales and bonus packs AND entering in specific high-reward tournaments within the game! Vouchers have gone for anywhere between $1.5 and $25 depending on the specific use! And as far as tournaments? If you're good enough, there's plenty of earnings to be made!
This might all sound too good to be true - so I'll also provide a warning here. The value of SPS can go up and down and is quite volatile like the rest of the Crypto market. I've seen it as high as $1 per token to now it's around 11 cents. While you may be earning more SPS tokens through staking, you could also lose overall value.
The third strategy is as simple as #2 - it's building your collection power! We're currently going through our 365 days of SPS airdrops and are only half way through! Splinterlands rewards you for holding what they call "collection power". In doing so, you'll be rewarded SPS tokens just by having those assets!
These assets can be packs, cards, DEC, land, etc. Each part of the game holds different collection power VALUE, and depending on how much of the total % you own, you get airdropped FREE SPS! For me, I have about 570K collection power from buying all those packs I talked about in my recent video. With 570K collection power, I get about 50 SPS per day. At current prices, that's about $5-6, but at peak prices, that was $50-60!
To get to the 570 thousand collection power, depending on what you buy, it could be $2000 or $10000. Assuming you went the cheaper route of $2000, that's $5 per day return on a $2000 investment, or a 91% yearly return on investment.
Fourth strategy is THE EASIEST. Buy and HOLD. This can be ANY asset within Splinterlands - packs and land plots are very popular to hold right now. I saw a recent video by Infidel that said he bought a TRACT of land for $1500 when it first came out. That same tract was worth upwards of $60,000 just a couple months ago!
For me, I joined Splinterlands a little late for buying land. My holding strategy is chaos legion PACKS. I've seen Untamed edition card packs go up 10x, and I believe chaos legion will do the same. It's a waiting game when you hold investments for value growth, and I am willing to wait for that day!
Check out my YouTube video for this content below! Would love it if you hit the like button and subscribe as well!
Splinterlands Affiliate Link: https://splinterlands.com/?ref=josieb