Why Am I buying so many reward cards?
There are 2 major reasons:
1. Cheapest way to buy CP to rent
2. Potential Utility when land comes out
RENTING CP - CALCULATIONS
There are many factors that go into calculating profitability of renting CP, and many of the following assumptions could change but I still believe that the rental market will trend upward with the release of land and as new players enter the space.
ASSUMPTIONS
- PRICE TO ACQUIRE CP - 200CP/$.
- CONSERVATIVE CP RENTAL PRICE - 300CP/DEC
- PRICE OF DEC - $.003
$100 Intital investment at 200CP/$ = 20,000CP 20,000CP rented at 300CP/DEC = 66.67DEC/DAY 66.67DEC/DAY x 365 DAYS = 24,333DEC/YEAR 24,333DEC/YEAR x $.003 = $73 /Year = 73%APR
If you choose to cancel and manage your rentals for EOS you could make an additional $20/ year bringing your APR to 93%. This also does not account for the 5% bonus CP you get for maxing a card. Additionally for the next 150 days you will be getting returns from SPS airdrop.
REWARD CARDS UTILITY FOR LAND
Based on the bits and pieces of information we have heard from Town Halls and Splinterlands announcements we know that land will be essentially be pulling alot of cards from circulation in order to work the land.
My prediction ,and what I am basing this discussion on, is that Land will try to pull an equal amount of cards from each Splinter and rarity. I also believe there will be additional requirements for foil and edition of cards. The CP of each card on your land will matter, meaning land owners are going to need the cheapest CP from each Splinter and Rarity.
I believe this will give incredible utility for cheap cards and will raise the bar for what the cheapest cards on the market are. One concern is that it will solely based on CP which means that it will only be ALPHA/BETA GFL cards being used for land. The argument I have against this is that the Splinterlands teams understands they have overprinted Rewards cards for Chaos legion, in particular legendary cards, so I believe they will be tailor land somehow to still pull these cards out of circulation.
So what am I doing?
Buying up as many reward cards as I can shooting for an average of 200CP/$. And making sure that I cover every rarity, Splinter, and foil as best as possible.
Thats the end of my flex.😂 If you think for some reason I am completely off, if you have some important piece of information I'm missing out, or if you are going to go out and buy 1000 lions now please let me know in the comments.
If you are going to go out and buy 1000 Lions now and for some reason do not have an account yet, please go ahead and use my splinterlands referral link: https://splinterlands.com?ref=idmr500
Return from HOW MANY REWARDS CARDS IS ENOUGH REWARD CARDS? to splintermeme's Web3 Blog
