XCHAOS packs - I am buying some!
Okay friends, I have another great one for you today - XCHAOS! Check out the posts on the @chaos.air account for all the official information.
It looks like @gerber and @nealmcspadden have teamed up again in another splinterlands related venture, this time with CHAOS LEGION packs.
If you didn't know, there is some noise around Splinterlands lately, and a lot of it has to do with the new packs coming out. The final phase of the presale will see $4 dollar packs being sold without vouchers.
XCHAOS sell for $6.
Why on earth would I pay $6 dollars today for something I can get for $4 in January?
Well, first of all, think about the bonus packs. We are going into XCHAOS as a pool and so we might get some bonus packs. I know I likely won't be buying enough packs to get any bonuses....
What about airdrops?
Airdrops were the big thing in UNTAMED. And if you had bought enough packs, you were golden getting some cards. But for small buyers....let's look at how the team explains it:
So we will get some group luck on these airdrops, and get the DEC dividends. Speaking of DEC rebates, the team just announced a 5+% rebate in the form of DEC:
This DEC drop has already started, I found this in my wallet today:
At first I had a hard time understanding what it all meant. APR rates on a rebate? Aren't rebates fixed amounts? What is going on here?
So I went to the discord and talked to @gerber and @nealmcspadden for myself.
Some of the money from pack sales is going into DEC, and DEC is earning SPS, and SPS is being sold for more DEC. Automation is already in place for when the airdrop starts, a small fund is building. With this fund, we are getting airdropped daily for our XCHAOS tokens, currently the APR is looking pretty good:
Keep an eye on that two dollar apr - if that can stay high enough for long enough, it was financially worth it to buy XCHAOS.
But even if it isn't, the last reason I am going to be buying some of these is that I am not going to take a day off of work to buy tokens, I never have and I don't think I ever will. Sometimes in life I am not busy and able to be 'pending' things like this, but right now the iron is hot and we are striking out, so I won't have time to make sure I get in on the token sale.
Could phase 3 CHAOS packs really sell out so fast?
I mean I'm not about to pay voucher prices for packs but.....
The Phase 3 is a 50 million dollar raise. Is that a lot? This is the most popular NFT game IN THE WORLD and tens of thousands of accounts have been made since any packs were available, they all sold out months ago. There is a huge pent up demand I think and the first voucher phase was quite expensive.
Since every other token pack has gone up in price after they sell out, including UNTAMED above 75 dollars (from $2 minus discounts/bonuses), and BETAs above $130 dollars (ALPHAS can fetch 900 dollars or more!) - some people are 'mortgaging the farm' so to speak, thinking that its free money on the table to buy as much CHAOS tokens as they can.
So, while $50 million dollars is the biggest pack sale to date for the SPLINTERLANDS team - its one they have been working hard to earn for a long time. It could go pretty quick. But even a week is pretty quick. There is probably not anything to worry about....probably.
But just in case - I'll grab some XCHAOS.
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I bought five of them, to show appreciation to the team. Mainly I bought my own Chaos Legion Boosters In-Game during the first presale now.
Btw, I think you accidentally used Untamed instead of Chaos Legion in the text.
Thanks Bro! Fixed!
The value of this token is predicated on everything selling out lightning fast.
I think the airdrops will pay for themselves, I'm paranoid of terrible luck.
The possible quick sell out is more like 'insurance policy value', I'll probably keep a few bucks on hand to buy some within the first few days but I am terrible at deadline type stuff.
What I am most worried about is HIVE spiking and having spent too much hive to buy too few packs 😅 On the other hand if I DCA into these while HIVE is high, and it dips after the airdrops on JAN 6th, then I will have gotten extra cheap packs!
I've decided that keeping my holdings in stablecoins is better than living with hives ups and downs..
Also, math error caused me to lose $20 today lol.... instead of +20 (ouch.) Did the opposite of what I wanted to (trade wise.)
And yea, the token is nice for the guarantee, but paying a premium for that service, but maybe not? depends on token value drop post pack dividend.
Residual value can be >$2
Holding XCHAOS can be better than buying a pack for sale at $4, and that's a scary thought.
Out of curiosity, what is happening to the Vouchers being generated by these funds over the next month?
I think bonus packs are out for this. If I understand it correctly, any bonus packs will require vouchers and I can't see those being donated to grab the extra packs for the pool. I could be wrong but that's how I read it...
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bonus packs out, but I will ask neal if someone with vouchers could jump in
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Check out the last post from @hivebuzz:
Just wondering, how many XCHAOS do you hold? I might just place a buy order and if it fills then I will go HODL them.
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Good Idea! I bought 20 then hive pumped and I bought 150 more
It is a nice initiative but will all this i think it is still expensive
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It does have a price, I might try to buy a few myself at four dollars as well.
I think it's a prettty arrangement the XCHAOS. There's a few people who I might go in with for a $100K purchase though, possibly, so possibly I won't need this!
But it's certainly an attractive offer.
Doing a private pool is a great idea! What do you think you can flip them for afterwards?
I'm not sure I would flip them, open them up and rent everything out, difficult to find better returns!
Also, I've got a tract of land, so I imagine LOTS of cards will be required for that.
I might flip some for LAND development of course!
I am waiting the second phase of the presale.