Holding packs, buying more credits and preparing for the general sale

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In the last voucher airdrop, I received 2.258 voucher tokens. After receiving them, I minted two Chaos Legion packs, thus taking my total airdrop packs to 28.

Instead of holding the packs, I decided to open them, hoping I'd find some gems inside but my luck has run out. While I was sitting in front of the TV and reading posts on Hive, I realised that perhaps I might have been going about this all wrong.

I got carried away with opening packs and forgot that holding packs adds to my SPS tokens. However, that's not even a big deal because the monsters I got more than compensated for the airdrop points I was getting from holding packs.

The real issue and something I just realised is that I might have opened the packs a bit too early. So, subsequently, I won't be opening the packs I mint with my vouchers.

I'll be keeping my fingers crossed to receive the next airdropped monster but I'm not holding my breath because the competition is stiff these days. If you're not a mid-range or high roller, there's almost no chance of getting the new monsters.

With that said, I intend to get the monsters outside of the airdrop period. Well, all the monsters except Dr. Blight because he's special.

The plan is to buy packs as I already planned but then, instead of opening all of them, I'll just hold them until the end of the general sale. At that time, all the airdropped monsters will have been unveiled and I could get them from the packs.

The only disadvantage of this strategy is that some monsters could go out of print while I wait. As I said, the completion is now very stiff, and if you blink, you could miss quite a lot.

How did I miss out on Credits?

In recent times, I've been buying Splinterlands credits with my other assets on the blockchain. It's so weird that I didn't figure out how awesome it is to use credits for transactions.

Unlike DEC and SPS that fluctuate in price, credits are fixed. So that makes them really convenient for buying stuff in the game.

Chaos Legion packs really opened my eyes to credits and man I'm so happy about this. Henceforth, I'll be using only credits for all my transactions on Splinterlands.

Even if DEC and SPS tokens pump to infinity, I'll just buy credits with them and then use the credits for purchase. I can't explain it but there's a certain level of confidence I have knowing that the credits I'm holding won't randomly dump on me.

SPS heading in the right direction

Still on the topic of Splinterlands tokens, SPS has been looking really nice in recent times. The governance token is slowly recovering from the dip and slowly climbing up to 40 cents.

Assuming nothing dramatic happens in the general market, I expect SPS to trade sideways for a while before a major move when the mega bubble kicks in. Then again, even without a mega bubble, a listing on a central exchange is also likely to lead to a big move.

To prepare for that, I've increased the number of SPS tokens I receive from the daily airdrop. After making some monster sales, I increased my daily SPS drop. On top of that, my rental business is also paying me in DEC, thus adding to my SPS points.

Right now, things are looking good and all roads lead to the general sales. The last time I checked, the current round of sales is already 30% complete.

The pace has slowed down a bit recently but I reckon there will be a flurry of Chaos Legion purchases in the coming days to take it up to 50% by the weekend. If we continue at this rate, including "cool downs" along the way, I reckon the second round of sales will be completed by this time next week.

Assuming it happens around the period I'm speculating, the general sale will commence immediately. You don't want to miss out on that because it is going to go really really fast.

For now, the pace is slow because we have to wait for daily voucher airdrop before we can get packs. However, as I've said on numerous occasions, when vouchers aren't needed, packs are going to be bought out very fast.

I'm very excited about the future of Splinterlands and more excited about buying these packs. My target is to spend $1k on packs, thus making it the most money I've ever invested into Splinterlands assets at one go.

The best part about it is that all the funds are coming from post rewards and airdrops that I'm receiving on hive. So all I'm basically doing is reinvesting profit to make a profit.

Speaking of Hive, the price has consolidated between $1.6-1.9 and I find that to be very incredible. At this rate, my post rewards are just enough to enable me pump in more cash towards buying Splinterlands credits.

I hope the price stays at this level or even gets higher in the coming weeks. Further increase in the price of Hive assets would be awesome for all the investment opportunities I'd like to dabble in before the mega bull run starts(Fingers crossed).


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18 comments
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You really think the packs are going to be gone by next week? I think there are still a lot of people who are saving up their vouchers for the end of the 30 days. That is what I am doing so I can get the quantity discount.

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Based on the rate at which people are buying packs right now, I think next week is likely. It's been barely two days and 31% of packs have already been minted with vouchers.

It is also possible that the buying rate will slow down but with so much competition and a lot of rich people involved in the game, I don't know if that will be the case.

A lot of the big accounts have millions of dollars worth of SPS tokens spread out into different accounts that ensure they stack a lot of vouchers. If something dramatic happens along the way, yeah, it might last longer than a week but I seriously doubt that it will get up to the stipulated 30 days.

There's no harm in waiting to see though.

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No harm but missing out on getting more packs. I think that things will slow down. I think they still had packs left from the first sale, and there were more packs released in this window. I haven't really paid a ton of attention though.

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I'm not talking about packs from previous airdrop. Just took a picture of my screen. This is literally how close we are to the general sale in only two days.

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When the general sale starts, we won't need vouchers anymore. Funny enough, that's the one I'm mostly concerned about. There will be 12 million packs on offer by then and that one might finish even faster than this one because no need for vouchers. I'm saving towards it.

How I see it, this particular phase is also to reward SPS stakers. Big accounts going to get most of the packs and airdrop monsters.

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I guess we will see. I think being 1/3 of the way still gives us plenty of opportunity, but time will tell.

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Yeah. That's all we can do for now. I'll be tracking the progress and updating whenever I can.

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I think I am getting about 7 vouchers per day, so I am hoping to get at least another 100 packs if not 200.

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Nice. You get the bonus when you buy 100 packs at once right? How many bonus packs come with it?

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Yeah I think I get 10 free when you buy 100.

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That's totally worth the wait. Good luck sir

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Hi Belemo! That sales tracker can be a bit confusing. The 900K figure actually includes packs sold during the pre-sale as well. So packs sold during this 2nd phase is only around 40K so far.

As vouchers are needed for all packs we will at least have to wait for all the 2M vouchers to be airdropped.

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I was on the fence about what to do with mine, but I ended up opening them as well. The value of the cards I got exceeded the value of the packs on the secondary market, but those prices are much lower now than they will be when the packs are out of print. I suspect the packs will sell out considerably faster than previous editions.

I also want to get as many cards maxed out as possible, though, so I think opening the packs makes sense. There are some cards one can receive in packs that will never make sense to buy on the market. It’s worth opening them to me, just on the off-chance I get some GFL cards or something.

Yesterday, I opened 258 packs and did get 1 GFL. The DEC value of all of the cards gives me roughly the same airdrop points as holding the packs did, so I think I made a good decision. I might hold onto the ones I can buy with vouchers in the coming days or weeks (depending on how quickly they sell out).

I wanted to try to save up 100 vouchers, but I fear the packs will be gone before I do that, so I’ll be buying 8-9 packs a day as long as I can.

!PIZZA

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My cards were shit. I shouldn't have opened them. Thanks for the advice about the credits, I started buying them and I'll keep staking hoping to use them to buy more packs by the end of the 35 days period.

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There are two criteria and if either is met, the general sale will start.
First criteria is the end of the 35 days
Second criteria is if all the packs in this round of sale are bought. On the second day, about 31% of sales have been completed.

At this rate, I don't think it will take up to 35 days

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I was reading in another post earlier today by @taskmaster4450 about how the lack of liquidity and the rising demand of Hive will be a major factor in the continual value increase of the Hive token.

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