To Rent or Not To Rent - Depends ?
The Play2Earn model of online gaming is gaining popularity over the Free2Play model as the days go by. With more and more players moving to the Play2Earn (Blockchain) gaming area, blockchain games is where the action is.
NFT Ownership
Most of the Play2Earn games use NFTs as part of the gaming process. Splinterlands is a very good example of this. Once you purchase, win or are gifted an NFT, it is yours and the ownership is recorded on the Blockchain for all to see. Before I ever signed up to play Splinterlands and purchased a Spellbook, I received several NFTs in an airdrop from an article I was reading posted on the Hive Platform. One of which was a Gold Foil level 3 Parasitic Growth card.
Opportunity
With the growth of Play2Earn, more and more opportunities are opening up for us that do not have our primary focus as playing games. However there are other ways that we can take advantage of the shift of users from Free2Play games to Blockchain games.
To Rent or Not to Rent
I am not that good at playing Splinterlands. I have a long way to go before I learn all I need to jump up into the higher levels. Due to this, I considered renting out Splinterland cards that I own. I looked at several factors before I decided to rent out the Parasitic Growth card.
- Can I use the card at my current level?
- What will I get if I did rent it out?
- What is the Cost of renting out the card?
- What are other options?
- Are there any additional benefits I should consider?
Can I use the card at my current level?
The easy answer to this question is yes. I used the card 6 times and won 50% of those matches.
However, I noticed when I did add this card to my lineup, the stats dropped to level 1 instead of the level 3. I discovered I did not have the right level of Summoner to use a level 3 card. There are several other card that will produce the same or similar results at my current level.
What will I get if I did rent it out?
Currently there are several of these cards on the rental market. The lowest start at 2.80 DEC per day, most were at the 3.70 DEC per day.
I listed it on the market August 5th but as you can see the first rental of the card occurred on August 16th. At time of listing the market rate was around 4 DEC per day so I listed it at 3.75 DEC. It took over 10 days before anyone rented the card.
What is the cost of renting cards?
The cost is 0.2 DEC per listing. I had listed the card at 4.25 then when I was looking at all the current listing prices, I noticed my listing was on the third page of available listing for this card. I promptly lowered the price of my listing so that it would reflect on the first page of selections.
What are other options?
I could sell the card. On July 31st, the estimated value was $9.94. Today the card is worth $25.94 The card has more than doubled in value. I would have been very sorry if I would have sold the card when I was choosing to sell vs rent. I believe the value will continue to increase for all of the cards until new decks are released.
Are there any additional benefits I should consider?
The biggest additional benefit is the SPS airdrop that will continue for another 340 days. This combined with the 200% earning from staking the SPS tokens that are airdropped and the potential increase in card value.
To me the choice was clear, rent the card out. HODL do not sell at this time.
This is just my personal opinion and not intended as financial advice. Please do your own research and due diligence prior to making any financial decisions.
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Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
It's not fixed the cost 0.2DEC per listing.
It costs 5% of renting fee :)
In another hand, even your summoner level is not suitable to the card, if you put the gold card in the match, it will be de-grade to suitable level. The key point is - you still can 10% DEC bonus from gold foil.
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Thanks for the additional information. I need to get better at my matches. Last season, I played over 120 matches with 2 draws and the remaining matches split evenly between wins and losses. I find it hard to string together enough wins to get to Bronze II and need to get more assets to unlock Bronze I. Until I get better, renting is probably my better option or I need to play a lot more matches.
Renting is the better option.
With renting, you have stronger cards and you have more power. So it's easy for you to enter Bronze I.
With stronger card, you can keep the win streak and earn more DEC.
The more you win, the higher rating you are and the more DEC you can earn (it's the compounding)
If you just simply play more matches, the ERC will be decreased and you earn less DEC each match.
To rent the card out is the best, because of the value. once you rent it out,is still your own once the money appreciate you will be the one that will benefit from it.
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Based on this cards information and my playing ability, yes I will continue to rent the card until I get better or the rental price drops for that specific card.
Yes renting it is the best option
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If you aren't specifically need the card then I would rent it out. I obviously need to start doing it a bit more as well. Another case when you don't want to rent it out is if you need the collection power to maintain your current rank.
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When I start winning more matches and moving up the levels I will need the power but for now I struggle winning matches and getting to next level. I have thought about renting cards for myself but don’t know which ones
Well I tend to at least keep a copy of each card for me. Any duplicates can probably be rented out since you still have access to it.
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Renting your card out is a good solution if you can't use it at full power in your line up. You will have the same card from your spell book if you have level 1 summoners. So you don't need it and it can bring you in some nice rewards that you can use to buy other cards. In addition rented cards continue to count for your points for the sps airdrop! The other thing that you might want to consider is that Gold foil cards bring 500 points that you might need later to get up in the levels. But here again, the decision is easy. You just stop the renting and the cards counts on your own points when you need it.
I have a bunch of cards that I should be renting out...But for whatever reason, laziness lol I havent yet.
But for me, if I use the card a lot, I wont rent it out.
Yes, I agree if I use the card I would not rent it out. I just won 11 matches in a row. OMG, I can't believe it. A few with Kitty that you delegated to me. Thank you very much. If I get another streak tomorrow I will need to rent out some more cards so I can get the next level. My mind is going crazy, I have not progressed like this...Happy confused all the above. Wow. what next........
Oh you are hooked LOL
I'm about to teach my wife the game tonight...We'll see if she gets the bug too LOLOL
Check out the post I shared in the CTP weekend chat. It is for beginners and shows what combos to use for which mana. that is how I won so many in a row. It should help if she wins a lot at the beginning.