Greetings Splinterfolk!
The purpose of this series of posts is to record my investment in Splinterlands and to ultimately determine if it was worth it or not.
I began my Splinterlands journey on 01 October 2021 after reading an article about the Play-to-Earn genre in the NFT world. Due to my love of trading card games, I was naturally drawn to Splinterlands. After playing for a couple of days on my Splinterlands account, I decided to create four additional accounts. By the end of October, I had created two more accounts and found myself with a total of seven accounts. In my last update, I outlined the strategy and reasons as to why I chose this approach early on.
The first three months of my Splinterlands journey was devoted to playing everyday and alternating on which accounts I played in order to maximize the daily rewards and my ECR. Before long, I had managed to turn $70 into $400, which is $330 profit or 471% ROI. Later in January 2022, I switched jobs and found myself no longer being able to devote as much time in Splinterlands to manage multiple accounts.
One of the reasons I love Splinterlands is because there are multiple ways to engage with the game. I used to spend all my time playing the actual game but now I spend my time blogging and managing how I rent my cards. I also decided to invest more money into Splinterlands as the general sale for Chaos Legion was launching. You can read more about how that endeavor is going here.
Packs | $1,830.24
- At the time of writing this post, one Chaos Legion pack is worth $3.0504 on Tribaldex and I currently own 600 Chaos Legion packs.
Cards | $260.60
- I own 118 different cards with a total collection power of 38,545 and I rent them all for an average of 150 DEC/per day.
SPS | $196.32
- At the time of writing this post, SPS is worth $0.11763 on Tribaldex and I currently own 1,669 SPS.
Vouchers | $4.99
- At the time of writing this post, one voucher is worth $1.00444 on Tribaldex and I currently own 4.967 vouchers.
Dark Energy Crystals | $4.06
- At the time of writing this post, DEC is worth $0.00196 on Tribaldex and I currently own 2,070 DEC.
ROI | +1.82%
- To date, I have invested $2,255 in Splinterlands and the current value of all my assets is $2,296.21
After three months, I managed to earn $330 (471% ROI) in Splinterlands, however, now I have only managed to earn $40 (1.82% ROI) after six months. What changed?
- I invested $2,185 more into Splinterlands compared to my initial investment of $70
- While I managed to collect more cards, the value of my cards decreased by 22.35%
- While I managed to collect more vouchers, the value of vouchers decreased by 58.34%
Overall, I am happy with where I am in my Splinterlands journey. I have made several mistakes with how I have managed my in-game assets so far. For example, I received a gold foil Uraeus from a daily quest which had a value of around $120. I still have not sold the card and the current value is $15, which is a decrease of 87.5%. I am grateful for the mistakes I have made as they have taught me more about how the various assets in Splinterlands operate. I do not expect to see any sort of substantial gains until Chaos Legion sells out.
While Splinterlands does have a referral program, it only benefits the referrer and not the referee. Therefore, it is up us (the existing players) to create our own referral program to help new players enter into the game. Here is how mine works:
- Sign up for Splinterlands through my referral link here
- Once you buy the Summoner's Spellbook, I will receive 500 credits ($0.50) which I will use to buy DEC, cards, or both to help you start your Splinterlands journey
- All you need to do is comment below the IGN you used to sign up with. Once I have verified it, I will reach out to see what you would like to spend your $0.50 on and then send it over
