$8000 Splinterfund: Packs opening!

Background

Been playing Splinterlands since 2021 Jul and after understanding the economic of Splinterlands, I highly believe that profit could be made from the ecosystem. As a result, I decided to raise money from a small group of people for a total $8000 USD, aiming to buy 2000 packs of Chao Legion Pack in Janurary 2022 during the start of the general sale.

Previous Update

You can read at my previous update on the Splinterfund about 15 days ago at the following:
https://peakd.com/hive-167922/@namelessnameless/usd8000-splinterfund-how-far-has-it-been-doing

Recent Development

Why I would like to do another updates is that the price of Chaos had been holding strong in the past at around $2.80 to $3.20. However, with the DEC going below the peg at $0.70, the price of the chao pack selling directly from the Splinterlands shop at 4000DEC is now worth only $2.80. As a result, the price of the chao pack on the secondary market will be worth even lower as people will arbitage it for the airdrop chances.
In addition, I have found a rental service that I would like to share and how it has impacted the Splinterfunds.

Fund Holding

fund01.png

  1. Chaos Pack: 2178
  2. Vouchers: 4
  3. DEC: 5164
    I would always try to be more consecutives on the card prices as it may not be easy to sell. As a result, I will try to even lower the prices of the card values.
  4. Cards Values: $500

fund02.png

  1. SPS: 9439, $540

  2. Others: Borrowed 90k DEC.
    I will explain a bit more about why there exist borrowing in when the Splinterfund account has already clear all the borrowed vouchers for at least a month.

Changes

One of the big changes that you can notice is the amount of Chaos Packs. Since Jan 2022, the pack the fund is holding has been stable at 2400 chao packs. It has grown a little to 2408 packs after the clearing of the borrowed 400 vouchers.

So what really has happened? I have came across a rental services that helps you to rent out the Splinterland cards. The bad thing is that it charges a 20% commission. However, it had shown that it is doing very well for chao legion cards, giving some impressive ROI. The rental service uses the multiple rental price entry to give a good estimated rental price range and help you to set your rental to the best prices, and slowly adjust the price until it is the next possible price for renting. And this service works very well with Chao Legion cards as the high quantity provides quite a rich amount of data for analysis.

I have been testing this rental service with my side account and find that it is very beneficial for this Splinterfunds.

Progress of Splinterfunds

So within the past 15 days, I had borrowed 90k DEC to buy 1k Legendary potions and 1k alchemy potions from the shop. With some existing potions, I opened about 230 chao packs.
Note: Opening chaos packs will usually cause a lost in value. However, with the rental service, it is able to provide passive rental income in the long run. So it is short term pain, long term profit.
230 chao packs is able to exchange for a card value of $500 which as mentioned above that it is a drop in value for Splinterfunds.

Rental Service

If you are also interested to use the service, you can check out
https://splinterlands.rentals/.
fund04.png
With the $500 worth of cards, the rental service is able to help to rent 549 cards.
Note: The rental service does not rent 1bcx common chao legion cards with 5CP as these cards will need a huge amount of RC with little returns.
With the 549 cards, the rental service is able to rent them out for a total of 1.1k DEC/day. With the 20% commission, I can get 900DEC per day. The APY is 46%(effective rate is 36%) which means I can get up to $250 worth of passive income DEC from renting these cards for a year.
fund03.png
In the above screenshot taken from peakmonster, some cards are able to rent for quite an impressive rate of over 100% ROI. However, these rental price can be dynamic and the price is based on the cheapest $/BCX, not the cheapest 1bcx card.

Splinterfund values

fund05.png
Currently the price of a voucher is about $0.47.

fund06.png
The price of a chaos pack is $2.00.

As compare to 15 days ago, you can see that both experience a huge drop in price. Voucher dropped from $1.15 to $0.47 and chao packs drop from $2.55 to $2.00.

  1. 2178 Chaos Pack = $4356
  2. 4 Vouchers = $1.88
  3. 5164 DEC = $3.55
  4. Cards Values = $500
  5. 9439 SPS = $540
  6. Borrowed 90k DEC = $62

Total value = $4356 + $1.88 + $3.55 + $500 + $540 - $62 = $5339.43
Net loss of 34% of the fund.
Compare to the 15 days ago, the Splinterfund value is at $6800, you can see that the drop is huge. On the other hand, this Splinterfund is for long term investment. We still can continue to get more SPS and vouchers for the next 30 days while now we have passive income of DEC. I am also looking forward to the upcoming legendary summoner airdrop.

Posted Using LeoFinance Beta



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27 comments
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Watch out for the human traffickers at hivefest. You wont know it until its too late. STAY AWAY! Beware, traffickers can be women or men! They will act nice until they dont. There is human trafficking going on around this type of crypto. I have witnessed it. They literally have attempted my murder and are trying to kill me with V2K and RNM. Five years this has been happening to me, it started here, around people that are still here. Homeland security has done nothing at all, they are not here to protect us. Dont we pay them to stop shit like this? The NSA, CIA, FBI, DHS, Police and our Government has done nothing. Just like they did with the Havana Syndrome, nothing. Patriot Act my ass. The American government is completely incompetent. The NSA should be taken over by the military and contained Immediately for investigation. I bet we can get to the sources of V2K and RNM then. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism ..... https://ecency.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem if you run into one of them you may want to immediately shoot them in the face. 187, annihilate, asphyxiate, assassinate, behead, bleed, bludgeon, boil, bomb, bone, burn, bury, butcher, cap, casket, choke, chop, club, crucify, crush, curb, decapitate, decimate, deflesh, demolish, destroy, devein, disembowel, dismember, drown, electrocute, eliminate, end, euthanize, eviscerate, execute, explode, exterminate, extinguish, finish, fry, grind, guillotine, gut, hack, hang, hit, ice, implode, incinerate, kill, liquidate, lynch, massacre, maul, microwave, mutilate, neutralize, obliterate, off, pop, poison, punnish, quarter, ruin, shank, shock, shoot, shred, skin, slay, slaughter, smoke, smother, snipe, snuff, squish, stab, strangle, stone, suffocate, suicide, SWAT, swing, terminate, torture, terrorize, whack, waste, wreck. You better fucking kill me.

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This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

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I have als some plans for buying CHAOS pacKs, Already set apart the Fund of 4000 Hive(swap.hive) is set apart and I am wishing Hive to cross $1.

Posted Using LeoFinance Beta

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Very good choice. It is possible, and when hive cross a dollar, it is also possible that chao legion sale will be at its final stretch. your returns will come much faster as compare to those who invest earlier.

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(Edited)

PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA!

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This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating to @indiaunited. We share 100 % of the curation rewards with the delegators.

Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.

Read our latest announcement post to get more information.

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Please contribute to the community by upvoting this comment and posts made by @indiaunited.

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My gosh! You started July last year and you made so much progress! I started equally on July last year if I am not wrong and I am merely a fraction of what you have right now! Goodnes...

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When I start in july, within 1 month, I have strong believe in the game and I pour in $40k USD. Very happy with the choice made so far.
!PIZZA

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Woah! Okay, that explains the difference! Wah, 40k USD is a lot man! Well, I would say you deserve every single bit of progress that you have today. You poured in the capital, and a lot of hard work into this system. Only natural you do so well! Haha

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And do pardon me, just a question. Any idea how you manage to get such a large upvote from Leo? As well as, how did Indiaunited upvote you? I'm intending to delegate some HP to indiaunited to get some passive Hive. What are your thoughts? Thanks @namelessnameless

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No trick. Just keep blogging and provide quality contents in leofinance. I do provide some contents are new and beneficial to the community and that is where it started to get their notice. Overall, I occassionally only get their upvotes once in while. They are still quite strict with their upvotes.
As for indiaunited, their APY for delegated hive is quite gd at around 10% cause they have zero commission. I delegated to them as I knew the bot designer and founder. So i felt close to them and willing to delegate more to them.

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so I just need to tag leo when writing finance related articles in order for my articles to be seen in the leofinance quality right?

Ok! I shall listen to your advice! I recently just manage to squeeze out an additional 100HP, was intending to delegate to them but am concern of not having sufficient to be able to post. Aye... it really hurts when you don't have deep pockets man! But yea, I am going to follow your footsteps and continue to blog!

Thank you so much @namelessnameless ! Appreciate all your guidance!

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it is better to be self sufficient first before you delegated out. just slowly farm your way to another 100 HP! You definitely can do it.
I either use leofinance interface to post or tag "leofinance".

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Ah! Ok ok, I think I shall start to write a couple of finance related stuffs and start tagging! Haha. Leo finance seems to be the most generous one man! Ok, so I shall wait till another 100HP before I delegate out? Hmmmm… okay!

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Anyway, I really appreciate all these advise from you. Though mine is just a tiny and insignificant account, but do let me know how I can return the favour to you!

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Well, that IS a lot of packs, isn't it?

!1UP

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That's impressive! The current loss is just paper loss, with that APY plus what remains, it's set to explode!
!PIZZA

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Wow, a lot of information to unpack!
!PIZZA

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I won't lie that I got a little freaked out at first since your SPS and value was similar to mine and for some reason, I thought this was some sort of prank. Also, it is a weird coincidence that I was just thinking about renting out my cards in which are just sitting there. Do you know by any chance if my daily SPS drop will be lowered under Collection Power if renting the cards out? I noticed that my power dropped almost 75k after putting a few cards out to rent and was curious to know if that affects the daily SPS airdrop.

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Posted using Splintertalk

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Good strategy to join forces with other people to have a solid fund to make better investments, hopefully (and for what is written on this post I assume it is) it pays off! Thanks for sharing this on Leo Finance as well, it strengthens the community to have members like yourself who are active and engaging daily.

By the way @namelessnameless, we noticed that you powered up some LEO tokens in June 15, thanks for joining LPUD and helping the LeoFinance community grow stronger!

Just dropping by to let you know that the second edition is just around the corner, hopefully you'll join once again!

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This Leo Power Up Day is special because it's part of the LeoFinance & Blocktrades HiveFest contest and if you join this LPUD, you'll be one step closer to winning one ticket with accommodation included to attend HiveFest!

Hopefully you'll join us!

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