I have recently returned from a relaxing holiday, easing back into work, and immersing myself once again in the world of Splinterlands. As I delve back into content creation, let us take stock of where we stand and explore the upcoming goals.
Splinterlands Goals
For those unfamiliar with my journey, my primary focus remains on acquiring a Runi NFT. I have set an initial goal of amassing $500 worth of DEC and will then evaluate whether this is sufficient to obtain a Runi NFT, destined for deployment on one of my land plots.
The next goal/challenge revolves around securing a complete regular foil Rebellion set, playable within the Gold I / Diamond III league. I have not finalised or decided whether I will opt for a separate alt account for this challenge, but more will be revealed closer to the time.
The Jungle Lands of Thece Update
After what felt like an eternity (5-6 weeks), both of my Land plots are now fully operational, residing in the Jungles of Thece (region 62). One plot mines grain, while the other mines SPS. However, the unforeseen need for 90k grain to complete construction caught me off guard. To expedite this, I purchased the required grain (90k) from @khazrakh, incurring another cost of 3375 DEC.
Financial Recap:
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$255 spent on the two Land plots.
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10k DEC ($9.364) on purchasing power cores for the Land plots.
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3375 DEC ($3.16) on 90k DEC to finalize construction of Land plots.
Recouped:
- 15.985 SPS (after tax) harvested ($0.48)
ROI Calculations:
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Spent: $267.524
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Recouped: $0.48
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Payback Period: 2940.16 days (generating 3 SPS per day and assumed SPS price of $0.0303)
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APR: 0.022356%
These numbers are shocking, and I have double-checked the calculations a few times, but it's going to take a long time to pay back the Land plots. I either need SPS to pump hard or need to increase the production points on the SPS plot.
Road to Runi Journey
Despite the deliberations during my holiday break, I have decided to persist with the Runi challenge. Motivated by the desire to secure a Runi NFT for placement on one of my Land plots, the journey continues. The recent pump in the crypto landscape, especially with the BTC ETF news, has led to choppy splinterlands tokenomics. DEC is currently trading below its peg, at a discount of 6-7% ($0.938 per 1K DEC). While some may view this as a drawback, a tweet by @cryptoeater explains why this might not be entirely negative.
As I have been on holiday for the past three weeks, my contributions to the Runi fund have been on hold. The fund now sits at $411, experiencing a $20 decrease over the past 3 weeks due to the decline in splinterlands tokens.
Runi Market
The Runi NFT market continues to intrigue me, particularly in deciphering correlations between prices in BTC and ETH. With ETH's upward trajectory, the NFT prices, denominated in ETH, decrease, providing the same or greater USD value at a lower ETH price. Taking this into account, there is a new floor for Runi NFTs at 0.25 ETH ($656.09).
Runi Market Activity
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Seven transactions in the past 7 days
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Sales range: 0.22 ETH ($533.15) to 0.35 ETH ($819.37)
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Total Sales Volume: Just under $5k
The Runi market, after a 50% increase since the Land 1.5 release, has undergone a minor course correction, which aligns well with my ongoing challenge.
Are you new to splinterlands and want to learn to play the game? Check out my Ultimate Guide to Splinterlands: A Collection of Articles and Guides. If you enjoy reading my splinterlands content, please follow and support me by signing up to playing splinterlands through my affiliate link: https://splinterlands.com?ref=mercurial9.
Thank you for reading and hope you have a good rest of the day!
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