Splinterlands Investment, How Will It Play Out?

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(Edited)

Somehow, I have this irrational motion, call it a hope, that I believe that the actions of others are more rational than mine are. That others have done their homework for me too.

Like @fullcoverbetting did in his recent article Final Splinterlands investment! Did buy a bunch of Untamed packs.

I am not playing actively @splinterlands any longer. In fact, I sold many great cards. Yet, I don't shy away from an opportunity. With new tokens and dividends from them, with the usual craze associated with the ending of a series of packs, Untamed in this case, I can jump in without problems. And not check how deep the water is :)

OK, I'll repeat Peter's move and watch the outcome. I won't open any pack. Just sit and watch!


The premise:

I need 200,000 $DEC to buy 100 packs.


The intermezzo

Did you notice on a screenshot above that I need to open a possible airdrop? That shows that I really don't play the game.

Well, here is the outcome.

Lobstradamus

Two cards, $1.7. This is what I call a great start.


Now, back to the business at hand.

How to collect 200,000 $DEC from tokens that are already at my disposal?

I need around 550 $HIVE or more. It depends on whom you ask.

My sources will be:

  • Hive wallet with $HIVE and $HBD
  • Hive-Engine wallet with $SWAP.HIVE and $BEE
  • $SEED from TreeDefi site on BSC blockchain. Think of it like @CubFinance just way better.

After I gather enough funds, the question is - where to buy $DEC? Or go with $HIVE all the way and swallow a 5% fee on #Splinterlands?

Here I'll do a magic trick. A double-take of sorts:

Magic, I tell you.


OK, let's go shopping.

1. swap 16.847 $HBD to $HIVE via BlockTrades

I will need $HIVE anyway and @blocktrades is the most straightforward way to do this swap.


2.  transfer liquid $HIVE from Hive wallet to Hive-Engine wallet via LeoDex

Remember, @leodex is cheaper with the fee being just 0.25%.

It's in order to explain why I am going with $SWAP.HIVE to $DEC first. Although $DEC price is rising I want to keep as much $SEED as possible because $SEED's price is raising even more.


3. swap $BEE to $SWAP.HIVE

$BEE is a paycheck for being a Hive-Engine witness. I use it to occasionaly buy other tokens, like now.

It's a lot of manual work, the exchange. After 18 transactions I sold 160 $BEE and got 117 $SWAP.HIVE, or there around.

Intermediate status: 213.43 $SWAP.HIVE. I need around 340 more.


4. time to start buying $DEC with $SWAP.HIVE

How many transactions will I need this time? Much less, hopefully.

Four transactions later I have 0 $SWAP.HIVE and 70895.402 $ DEC.

I need another 130,000 $DEC. These will come from ...


5. swap $SEED to $BUSD to $DEC

130,000 $DEC is around 127 $BUSD, @cubfinance says.

I need to harvest $SEED and swap it to $BUSD first.

After the harvest I swaped $SEED to 128 $BUSD. Just in case.

Buying $DEC ...


6. last step before the purchase of packs, move $DEC from BSC and Hive-Engine into the game

Nice, ain't it? The transaction fee for moving $DEC from BSC was 4 cents.


Buy the packs already!!!

I have 112 unopened packs now. Cool!


Resume

How much did I invest? Besides a good hour of time?

Let's aproximate the numbers:

  • 215 $HIVE x $0.372 = ~ $80
  • 128.77 $BUSD = ~ $130
  • total: $210

One pack = $1.875

Time will tell the real value of all this transactional gymnastics.


I do hope you have survived until the end of this long story. It was boring, I know.


Better and better

Posted Using LeoFinance Beta



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11 comments
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Not boring at all. I do find it interesting to see how you could collect some funds here and there.
Looking at the screenshot, they already sold 20K packs today. Guess it will be sold out after the weekend.
My route was shorter. But maybe more expensive. Bought Hive on Binance, moved to the blockchain. Did deposit on HE, swapped for DEC, moved to the game and puchased the packs.

Let's hope it will be worth it!

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Your route was probably cheaper because $DEC gained value in between.

Anyways, I love to play with various sources. It shows how all this blockchain stuff is connected and interdependend. It also shows what tools are available. And we can always learn something new.

Have a great football evening :)

I am off for a short run now.

Posted Using LeoFinance Beta

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I bought $110 packs today too. No idea how much I paid. I had US dollars sitting in my Paypal account that came from a business refund some time ago. I left it there and forgot about it basically. I used that plus £11 on a credit card to make up the difference to buy the credits to buy 100 + 10 packs.

Seems like a good use of the dollars to me. They will earn SPS tokens from next month irrespective of whether or not they go up in value so seems a better deal than having dollars sitting in Paypal doing nothing. 😁

Posted Using LeoFinance Beta

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It's a pandemic then, buying packs? :)

A prudent move, congrats. Yes, dollars sitting in a bank is a complete waste of resources. Not to mention that you are helping the banksters mafia to their hefty paycheck.

Good luck to us all.

!invest_vote

Posted Using LeoFinance Beta

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I also bought 30 packs although I had sworn to not spend any more money on this game 😀. I hope they'll bring some SPS and later I plan to sell them for WAX

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We are in for profit then :)

Good luck!

!invest_vote

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