Splinterfund Updates - Things are looking promising again
Background
Been playing Splinterlands since 2021 Jul and after understanding the economic of Splinterlands, I highly believe that profit could be made from the ecosystem. As a result, I decided to raise money from a small group of people for a total $8000 USD, aiming to buy 2000 packs of Chao Legion Pack in Janurary 2022 during the start of the general sale.
Previous Update
The previous update has been quite a long while already. You can read it here and can see what has changed since then.
https://peakd.com/hive-167922/@namelessnameless/usd8000-splinterfund-packs-opening
Development since then
The fund has stopped opening packs at 1658 and since majority of the fund assets is still in chao packs, the value of the fund heavily depends on the price of the chao packs.
Thanks to the burning of CL and the bulk/discount sales, chao pack has rebound from $1.50 to currently $2.47.
Airdrops
And these are the 2 latest airdrop legendary summoners.
With the addition of a gold foil and 2 standard immortalis and 6 standard astral entity, it add $300 value to the fund, reducing of the losses.
Rental
The cards that are obtained from opening the chao packs are still continue to be rented out on a daily basis with the help of Splex. It managed to accumulate 323k DEC from rental and it is currently worth $235.
The value of the cards is worth about $1800.
SPS
The fund has 12k SPS staking. It is worth about $346.
The fund also can get about 120 vouchers from the staked SPS.
With the ongoing DEC battery sale, voucher price has increase to $0.10 so it is a good time in selling the vouchers for about 29.5hive.
Fund Holding
- Chaos Pack: 1658
Chao pack value = 1658 x $2.47 = $4100 - Vouchers: 0
- DEC: 323k
DEC value = $235 - Card value: $1800
- SPS value: $345
- Hive value = $25
Fund value = $4100 + $235 + $1800 + $345 + $35 = $6515.
Overview
The fund has suffered a loss of 19.5% but i am actually quite delighted. As a general quick compare with other crypto, 19.5% loss is actually quite minimal.
And this fund is in a good position to enjoy potential pump.
If crypto pump, SPS can gain in value.
If chao sale is sold out, chao packs can increase its price.
If DEC reached its peg, we also can enjoy a bit of $$
If hive value pump, actually it will hardly impact the fund. Haha.
And another interesting development is that Splinterfund is now able to enjoy staking GLX totally for free.
If you are interested to join Splinterlands, feel free to use my referral link.
https://splinterlands.com?ref=namelessnameless
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That's one fat stack of chaos packs!
It is quite peanuts when comparing to many mavericks.
!PIZZA
!PIZZA
CHAOS pack burning and end of chaos pack will suddenly see you in good profit but I am not sure burning was the correct solution.
Well there will be more edition coming out, there will always be plenty of cards as compare to the pre-cl.
!PIZZA
I gifted $PIZZA slices here:
namelessnameless tipped relf87 (x1)
namelessnameless tipped blitzzzz (x1)
pandachef tipped namelessnameless (x1)
vaynard86 tipped namelessnameless (x1)
namelessnameless tipped bitcoinflood (x1)
r1s2g3 tipped namelessnameless (x1)
namelessnameless tipped pandachef (x1)
blitzzzz tipped namelessnameless (x1)
@namelessnameless(1/15) tipped @vaynard86 (x1)
relf87 tipped namelessnameless (x1)
namelessnameless tipped r1s2g3 (x1)
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!PIZZA for you, fellow metafren
!PIZZA
for you too.
Not too bad at all. 👍 !PIZZA
!PIZZA
i agree too. the loss is small and in good position for the pump.
Might be interesting to calculate what was the value at the lowest point during the bottom haha
!PIZZA
!PIZZA
that would be so miserable. without the 2 airdrop of $300, pack price half, 1/2 price for sps. i think can be $3500, estimate more than 50% loss.
!PIZZA for you boss
!PIZZA back to you too!
Thanks for sharing! - @alokkumar121
@alokkumar121 thanks for helping out with the SL community as the upvoter for so long! Cheers!