Is DCity a good play2earn investment?
DCity is a city simulator game based on Hive-Engine NFTs built on the Hive blockchain. Besides holding different NFTs that represent either buildings, technologies, or different citizens you are earning at the same time SIM cryptocurrencies which are powering the entire society from this metaverse. That's what gives it life and at the same time, you can trade it outside of the game and get HIVE or other cryptocurrencies for it. The game had a sinusoidal evolution with times when you could make big money then it went quite down with taxes being almost 100% and afterward things got calmer and found stability with moderate earnings. But the question still remains - Is DCity a good play2earn investment?
I will respond to this through my own experience in the game. First of all, I have invested in DCity at the end of the previous year (December 2020) the sum of $500 and tracked all my evolution through a series of posts which culminated with Crypto Mythbusters - DCity $500 investment recouped after today's HIVE price spike. With the improvement in HIVE price I've succeeded to recoup my investment in around 2 months from that point. That was a good exit for me as things were getting tougher and tougher at the moment in DCity. So as I have achieved my milestone I simply let the city develop itself organically with no other investment in it.
The pleasant surprise is that the city continued to grow and provide steady SIM income alongside an increase in population. Just from holding SIM (the most passive way is simply to let it add up there and do nothing) I am getting holding rewards with an APY of 17.50% which are around 0.345 HIVE per day. At the same time, I am getting ranking rewards for my city which is calculated based on different factors in the amount of 0.025 HIVE per day. Thus without any involvement in the game and simply due to my previous investment and buy-ins, I am getting passively 0.37 HIVE per day.
Another form of earning built around DCity is to be a Liquidity Provider and I got involved in the SIM:HIVE pool which is offering at the moment an APR of 24.513%. Got half of my SIM liquid holdings out of the game, paired them with the same amount of HIVE and here I am Liquidity Provider just for putting my SIM to work passively. And the greatness of it all is that the holding rewards include the amount from the LP, so you will keep on getting that HIVE daily as well. I've done all of this through the DCity - BeeSwap and I am getting about 125 SIM extra per day. I simply like the clean interface and the information provided to understand the rewards associated with the pool.
Based on all of the above and the fact that you earn NFT assets almost daily (new citizens who get specialized in different jobs), receive HIVE holding rewards, and also are able to earn by being a Liquidity Provider I think that DCity is a very good play2earn investment. You will not become rich overnight, but this game will provide you steadily and also provide additional ways for passive income.
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I did not know much about Dcity and I am interested in it, thanks for sharing your experience and information, I have a little less doubts.
Hey great info thanks - I have been gearing up to try DCity myself and this has given me the push to get on with it!
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Yeah, I simply invested once and after that, it simply provides a great passive revenue stream. I am trying at the moment to optimize some things as it is an unpolished gem.
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I am interested in dcity game but when I log in to the account. I Found it difficult how I start for the first time. Now I play dcrops It is much more simple.
I think you need to start acquiring a few buildings to get some SIM income and reinvest it afterward. Better try to find some YouTube or 3Speak videos on how to start.
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I like the last thing you mentioned, about not getting rich overnight, that's the true concept of a sustainable NFT game, I think Hive is creating this kind of games that are worth keeping an eye on.
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Indeed, steady growth is a sign of sustainability and not a hit-and-run game scheme.
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Hey thanks for showing me the LP feature! I just tested it out now and added some liquidity to the Sim-HIVE pool :)
One more reason to love DCity.
I'm about half way to breaking even on my initial investment, but with daily SIM, holding rewards and LP rewards, should be in profit sooner rather than later.
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Great to see you tapping into the LP, is quite a great addition to DCity and one extra way to earn some passive income through SIM tokens.
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I had no idea this even existed! Thanks for writing about it. Definitely checking it out now. It was a really good idea to follow your work haha
Glad to hear that and good luck if you decide to dive in. ;))
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I've decided to dive in, but my choice is this or dcrops. I'm leaning towards dcity mainly because I like the city building vibes it gives! Will write about it once I enter in a week :D
dCity is by far my favourite 'game' on Hive.
I'm not much of a gamer so the passive style of dCity that resembles a DeFi platform rather than an active game, is perfect for me.
Not to mention the fact that dCity SIM is a hugely underrated investment in itself.
Price is well under the soft peg, plus with the number of players increasing and the SWAP.HIVE:SIM LP adding serious liquidity to the market, it's one of the best.
I can't get enough of it.
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Yep put about 100 hive into it and it come back with a good investment, which i use to reinvest and gain more so yes dcity is a good investment
!PIZZA
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Thank you for this breakdown.
Been trying to get into gaming and I need all the information I can get.
I started some time ago and have long since reached the breakeven point so what I receive is all profit. I use my income from dcity to invest in other second layer tokens of Hive.
I became totally disinterested in the game and stopped writing posts on Dcity during the 100% tax period which were totally nonsense to me.
The latest changes and developments have brought incentives to the game again.
Thanks for this informative post on Dcity
!BEER
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I've seen quite a few inconsistencies when it comes to the governance of the game, and I mean who is elected as president every two weeks (even today It's hard for me understand it 100%). I am aware that anyone can end up arriving there but normally they are rather "a few" and it depends on how they want to keep the game balanced and the consequent tax conditions of the president. I had the opportunity like you to enter in November and left in February-March. It can be said that I caught up the "good moment of the game" and dcity token maintained its price thanks to the demand. I made it profitable and ended up selling all my chips. I'm thinking of going back but I may do it when the bear market lurks and we have to entertain ourselves with play2earn. By other hand I notice some great opportunities and improvements they did on these game like passive income in Hive;)
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It's possible to earn 1 dolar playing daily this game?