Splinterlands Town Hall Summary - December 17th, 2021 - 9AM Eastern!

You get Bee tokens for contributing to the SPS pool. But you need a lot invested. Staking DEC in the pools gives double the airdrop points.

Shit loads of new tokens.

Depends its technically overvalued which is why I sold out at .01 .015 now buying as it approaches closer to the peg bec in Jan I bet it flys with new players. Same with SPS want to get to 100K eoy then 1000000 next year. Should get additional rewards due to my preferred stock to and giong to be active in SPT as well and stake all on liquidity pools or convert to SPS. I want to have 1 - 2 million by next year before the price goes above a few bucks which it likely will. Then I can take a mullion or two profit keep a million in and start again accumulating DAO tokens. Will also do approach new investments like I did splinter lands private seed round which I got in so I should make out really well I hope.

If the demand increases burn rate out paces issuance. Etc. I want to get kind of a macro program to track the flow of assets around splinterlands. May give me clues into a new cards thats going to pop up so I can buy a lot of it etc.

Yeah I think the bare minimum is to track what you invest into the game, and what you take out. Once we get something better to track every single battle win, rentals, market purchases, etc..., then a more fine detail tax amount can be created.

Depends do you treat this as a business? Lots of deductions for business owners much better off if they make the equivalent amount in cash. I have not needed to pay tax for 3 years due to good planning. Now since I am pretty much retired at least from a 9-5 I will be doing real estate 60% crypto 40% so I can offset all my taxes with accelerated depreciation and when I dies my kids deduct it over again from the FMV at death is in that the best rule lol Generations can deduct the same building which is why it is important to invest in it in my opinion - good tax benefits, leverage, stable cash flow, appreciation, cash of refinances. High IRR activities. I wonder if you can be a real estate professional owning digital land and property? Bet this has not come up yet. Or what if you made it so property decayed overtime and things like roofs etc need replacing which costs X and you say have whole apartment buildings where offices and apartments are feel like it should have a chance but they would fight hard.

Some would be ordinary an some capital gains. Likely passive so if you have interests in apartment complexes all over the passive loses would net out leaving no taxes due. But the taxes will be a lot more complex bc you have the initial tokens, liquidity mining , air drop - sps , vouchers, each card etc. Every asset is taxed when you receive it as ordinary income I believe and when you sell it as a cap gain.

The SPS token has a bright future from everything I have seen since I invested in the Preferred Stock of Steemonsters Inc. basically meeting the founders and I liked what they were about so I went in which was a great choice financially as well as now I can show people how to make significant extra money with strategies I have learned. I sold my original cards I bought for 500 bucks for like 20-30K which I had just came back to the game after it blew up I saw it had a DAO which is the future of organizations. The workplace is broken and I think DAOs can fix many industries and offer much or efficiency. I have been loading up on SPS since I sold 2/3 of my initial allocation at .6 to .8 then bought back in now with 1/4 of the proceeds and am up to 41200 SPS will be at 100K SPS by the end of the week just need to set up a few 500 dollar bank bonuses to pay myself this month. I open bank accounts, credit cards and brokerage accounts each year to take advantage of the thousands of bonuses out there. Right now I am on track to make 70K a year before any deductions as this is considered self employment income to me. I will always either buy new equipment, a new car for my mobile staking and mining electric hummer the year I need to get rid of 100K in income. If you always purchase assets like real estate with your income and you can be over 50% in real estate meet the hour req etc you can deduct all tax losses against ordinary income meaning no taxes ever again just like trump as long as I borrow 50-80% the depreciation will cover the income defer tax until the end. I offset all of my staking and other passive activities considered ordinary with my passive real estate losses so as long as I keep investing Ill get cash flow with only FICSA on the mining income and no income tax ever. Also moved to a new part of town where it is counted as a opportunity zone there renovating many buildings I was thinking of doing one there is a old church where I would be able to get 20% for historical renovations 20% energy credit if I heat the building with mining equipment. QETC credit 20% of initial investment if held 10 years for NY residents, Start Up NY credits meaning no income tax for 10 years, property tax breaks, r and d tax credits, employment incentive credits. Also will meet the jobs req by working with people who have what some call disabilities for lack of a better word pay them X plus a performance bonus each season to play the game for me and that gives me a tax credit on there wages for a few years. Then I will expand the team so it becomes basically a guild focused on accumulating SPS and stable coin liquidity mining for stable leveraged yields of 20-30% which is used to buy more SPS. Goal is to have 5 million under my LLCs and partners control this coming year so we are making 2.5 million coming or so per year from staking to maximize that while its here. also 20 million DEC, have the person I hire also comment in SPT and Hive to earn there in between match's. They will get minimum wages plus 10% if they make 1000 for the season , 15 $1500, 20% 2000 10000 25% 30000 30% 50000 40% 100K plus 45% plus they will be paid out wages daily to there splinterlands accounts in SPS/DEC/Credits/SPT and Hive as well as 20% in cards. Plus if they perform making say 5000 plus consistently they will become a partner in the guild and help run the group who does the game playing and earning. Also looking to build something in Sandbox for Splinterlands live trading pits like the stock exchange but with avatars and cards. Also have a simple game beat the dealer where people bet Spinterlands Cards against the house or another plater in which case the other player gets 20% of the house edge. My ultimate goal is to do a City Wide Dao for my city. Air drop some to each person living here and then additional tokens are sold for .0001 each and initially the team will control every token but the air drop but once it is complete 50% of the teams tokens are donated to the ROCSPSPrivFDN which is a private foundation where were will create a staking and market making fund with income used for risky tokens etc as an endowment to keep DAO holders getting wealthier and hopefully can replace there jobs or let them retire early or just boost the Economy and I work with the city I bet I can get all those tax breaks probably save millions if its successful make sure I keep buying real estate so I don's pay income taxes as I would be getting say 500K in cash flow but taxable income can be negative meaning no tax. Best law had a client who owned mhps hasn't legally owed tax in 20f years and owns 150 parks lol. The power of real estate is crazy. Same with defi and digital currencies. My new asset allocation will be 1/3 inidividual stocks (biggest position 2000 shares of Ichan Enterprises LP) 100,000 then going to be adding the Voyager Pacific Opportunities Fund III 15% COC tax liens, land, SFRs, Will be investing in more play to earn games likely through say Panterra Capital or other fund now since they get in earlier anyway. Create a stream though my channel and blog documenting how I make a living on Spinterlands and various tax tips as well like how to not pay any. First is lose the w2 job if you can because once you stop selling your time for x money you just do things you like and for you not the owner bc you are the owner. Its easier when you saved up a few hundred K from working your ass off so now I can retire and do this full time at 32. By 40 I plan on only working 1-4 hours a week opening bank accounts investing all that each week and then going to the beach. Looking a places in the USVI now to rent and also do business down there like set up a splinterlands guild for Puerto Rico if my city works just replicate with DAOS all over. My management company will be paid management fees from the foundations set up for the admin work. I will retain 10-20% of all DAO tokens as a bonus and will have the liquidity pools so I put the most in and can keep recycling my rewards as long as possible. Basically the meta verse and its games are where I trade now more inefficient pricing and can really make money. If anyone wants me to show them how I do the bank accounts let me know as I get paid to so Id be happy to show ppl how to get an extra 5K lol.

I'm 99% certain that the SPS rewards for ranked battles, brawls, and land will all just have their Month 0 start whenever they are released in game. Then the months will aggregate from there.

They won't mint more than the specified amount to make up for the delay, they will just push back the starting date basically. So overall, the SPS rewards will be staggered, and I'm sure we will get a new whitepaper that defines those dates when released.

60% to players

See the chart in the announcement. X reserved for the team tokens Preferred Stock which I got in on. X for players etc.