What's up Splinterlandians!! I am PUMPED today!!
Because it's Friday? HELL NO!
Because, if I'm being honest, the concept of Renting NFTs is one of the coolest concepts in this game!
I've been waiting for this moment my entire life - seriously... Read on for a VERY informative and in-depth look at the Rental Market of Splinterlands and how to MAXIMIZE your Rental Income...
For you lames out there... Maybe I'll see you at the Tl;Dr at the bottom
Where was I??... Oh Yes! I started playing Mario on NES when I was 6 - 1990.
Since then, I have spent and earned thousands on video games...
However - one core concept that had only been touched upon previously by Diablo 3 and MTGO in the early days... was "ownership" of your digital assets... and the ability to sell/trade them...
Splinterlands and Blockchain tech are introducing a WILD new concept - Renting.
This is something I have literally waited 32 years for... FUCK YES.
Now, as much as I'd like to tell you Renting digital assets will be just like the first GIF and be a shortcut to passive wealth... it will have some WILD swings over time... and there are a few key reasons:
- The biggest factor, by a WIDE margin, is End of Season Rewards...
Why? Well... Let's say you wanted to make the leaderboard for Silver League... but you fell short and were in the top 50 instead of the top 20...
You find yourself missing a few key cards like Yodin or other $$$ Cards - you could try renting a few of the $$$ cards to bring the beats and claim your spot on the LB...
Or instead... Maybe you have a 2900 rating which is good enough for DIAMOND III but only have enough Collection Power to keep you in Silver I (70k)...
If you stay in Silver I you get 18 Loot Chests (with Silver Loot %) plus you drop down to Bronze I after the rating reset (yuck) ...
But if you somehow got the extra 180k CP you would get 40 Loot Chests (with Diamond Loot %) and drop to Gold III after reset (noice)...
How can you make up the 180k CP needed to get the Season Rewards for Diamond?
Well you could BUY it... but as of last Season End, the avg price of CP is about $.0075/cp... 180k * $.0075 = $1,350 to bump you from Silver I -> Diamond III
I don't know about you but I don't have an extra $1,350 just laying around to dump into this game just to bump up from Silver -> Diamond...
You could buy it now, when prices are cheaper... but 180k CP is still around $1,225...
So renting, is obviously the infinitely cheaper option and a HORDE of players ~500k strong... all want to maximize their EoS rewards...
Demand surges, so do prices... duh. Carrying on!
Currently you could rent 180k CP for 1 Day for... roughly 330... $DEC... Not Dollars... 330... $DEC...
Yes, you read that right: 330... Dark Energy Crystals = 180k CP.
MATH POWAHHHHHHH: 330 $DEC * $.00333 = roughly $1...
Why? Well - no one needs bulk CP during this time...
However... during the final 3ish days before EoS... You'll see the prices of Rentals start to creep up... 48h until EoS and shit goes BANANAS!
How Bananas you ask?
Let's use my GF Baakjira (still my only GFL Airdrop 😡) as an example:
If I were to rent out my Baakjira today - I'd expect to fetch around 20 DEC per day for 12,500 CP or: 20 DEC * $.00333 = $.067
However, at the during the final 48h of last Season... I was renting him out at 275 DEC/d! That's a 12x increase due to demand for players looking for EoS Reward bumps!
This applies across the board to varying degrees 👀
If you're trying to get into the Rental Market - make sure you're accumulating during the low demand days and RESET your Rentals during the final 48-72 hours to maximize your income!
Price of Crypto Markets - this affects the Card Market... but not nearly as much as EoS... Always good to get your $ into the market during a low point!
BCX Influx - this is another large factor for Rental Prices and why they keep going DOWN...
When I started later in 2021, CL was on the horizon... The latest Reward Cards had been out for a little bit and Djinn O'shannus was $60!
Do you want the truth??
Even the lowly Venari Heatsmith was $.20!
I know, I know... "but why though, Dingus?"...
This was caused by SCARCITY of BCX... With Untamed and the Dice Packs being sold out, there was no new BCX hitting the market - the sole exception being the Reward Cards
As CL launched, suddenly BCX influx > New Player Influx and with all other things being relatively constant... the price of Cards and Rentals started decreasing...
This is ultimately a GOOD thing as it lowers the overall barrier to entry... However, it must be balanced by the Dev Team (they're doing a good job of it)
With more players finding #Splinterlands and #play2earn games... we will see the player base grow into the millions - at least I hope so 😅
As the player base grows, demand for the cards will grow... paired with a DEFLATIONARY Model for Card Leveling... it should yield HIGHER Rental Income down the road...
In addition, as CL sells out, my opinion is the price of CL Cards and Packs will jump... SHARPLY.
I truly believe we're just getting started!
Don't believe me? Hmmm... Well... Let's check it out!
Here is the Hive-Engine Market Data for Untamed Packs... They appear to be selling for about $39.57...
But wait... remember... they weren't $4.00 like CL Packs... they were $2.00! That's a > 20x return on Untamed Packs!
What's better than seeing that is the following data:
There are only 69,798 Untamed Packs left in existence out of the 1.5M originally released!
Similar Data is revealed for Beta:
$2.00 Pack price...
900,000 Packs released
30,315 remaining
$90 per pack or a 45x return!
Let's check in on the live feed from his Treasure Throne:
Aggroed the Digital Dragon, protek his supply of Beta Packs, while nestled safely among them
- please note: I am a TERRIBLE artist and this poor rendition took me like 30m to do... just to make you CHUCKLE... ya ingrates!
Ok... I really did it just so I could chuckle... and you can see what a silly deranged fool I am...
Anways... here's the Tl;Dr ya plebs:
EoS causes massive Rental Price flux - make sure you RESET your Rental Prices ~ 48h before EOS!
Crypto Prices have some effect on Rental Flux... but not a ton
BCX influx vs Player influx has the second highest effect on Rental Prices
Accumulate while prices are low (mid season) Rent/Sell when prices are high (Eos) Fucking. Duh. BuyLo/SellHi 🤦♂
Aggroed is really a Virtual Dragon and I am a terrible artist... One Truth, One Lie - you decide which is which.
I hope you enjoyed the read - not you Schwarzchild... or Goat Gang 😡
lmaooooooo stop winning so much :P
Make sure you follow, Upvote, reblog it to spread the lolz and send me some love (or good natured ribbing) in the comments!
Check out the the best NFT Based P2E game here:
https://splinterlands.com?ref=captaindingus
I'll see you in-game!
Cheers 🍻,
- CaptainDingus
