On 26th of December 2020 I have started the challenge to invest $500 into DCity and see in how much time I would recoup my investment. That would be my first goal as afterwards the city should provide a nice passive income and I can also upgrade it with the SIM income that will be paid out on a daily basis. As I am reaching around 50 days from when I started this challenge and considering the Hive price improvement I thought that there is a good opportunity to make an update on it and see the result from different perspectives.
The life in DCity hasn't been so easy in these days as the taxes were kept high and even so that didn't result in a SIM price improvement. I have seen day by day declines of it and while I initially started with an income of 35 HIVE per day, I have ended up getting around 12 HIVE per day at the moment. That is a tremendous decline that simply makes the investment time to increase. The HIVE income from WEED farms are pretty steady although it wouldn't hurt to add some more farms to it. The Hive daily bonus for the ranking in DCity gives it also some fine Hive sands, but I am grateful for anything that adds up. Another angle that I use in the game is to participate in Splinterlands tournaments held by DCity and use my ENTRY tokens for that. Sometimes I need to buy some more on the market to pay the entry ticket, but overall that brings some additional Hive to the challenge. Luckily enough I have a rather good deck of monsters so that help me get good rewards in the tournament and than exchange those for HIVE.
Even so with the harsh economy in the DCity I have succeeded so far to recoup around 1,300 Hive out of it (my initial investment was of 4,400 Hive). If things will keep up like this I have a return of 0.62% per day which would mean 161 day overall to get to the same amount. That probably would be less considering that initially I got more HIVE for my daily income, but the income might continue to decrease.
Now let's see some stats and where I am standing with the investment return after around 50 days.
From a different perspective, what is encouraging is that I might get my investment out of it sooner rather than later is the price of HIVE which now is at $0.22. Considering that I bought in at around $0.11 that would make me recoup my investment earlier from monetary point of view and that's the one that counts in the end. I am already at $290 in less than 50 days, so I might get my investment in less than 100 days at the current prices.
Based on the bull run on the market I might get my investment into DCity sooner rather than later and that shows that when investing in it both the SIM and HIVE prices should be factored in. My "luck" was that I invested in the game while the Hive price was still low at only $0.11 so that helps no even if the DCity economics are degrading. But as I tackle different angles in the game to get the utmost out of it - Daily Hive rewards, SIM income, WEED income, ENTRY tokens used in Splinterlands tournames to gain DEC and convert it to HIVE - I believe that the crypto mythbusters on DCity will be deciphered sooner. Come visit by later on and see where I got with this challenge!
Posted Using LeoFinance Beta