A look at PeakMonsters Airdrops
A little spend
On August 6th, 2021, I made my first purchase on PeakMonsters.com
Release: DICE
Card: GRENADIER
BCX: 26
Average price: $2.09
At the time, I thought it was really expensive, as I had made my foray into Splinterlands a couple months earlier, but had no idea what was what for a long time. To buy those 26 cards today, seven months later, it would cost $206 dollars and a max one (46 BCX) can be bought for $341 - which is not too bad considering. I got the rest of my Grenadiers through buying DICE packs.
But they are not all "up" and many of the cards I have bought are well down from what I paid for them. Are we at the bottom yet? But, that is part of the game of Splinterlands, investing and crypto in general.
The last card I bought was this the other night:
Release: UNTAMED
Card: CHANSEUS THE GREAT
BCX: MAX (11 BCX)
Price: $1081
I don't have many summoners, so I have to take what I can get. However, with the current gameplay pushing for more high mana rounds, I have to relearn how to play and, flesh out my larger cards - including some summoners, so I at least have a chance. It is tough out there though for a low-mana-baller.
However, I am hoping that regardless of whether I play or not, these kinds of cards will have value for LAND staking in the future. I have no idea what that will look like, so I am taking a gamble on it needing some slave masters summoners.
But, between these two purchases there were many others, because unlike my Splinterlands friends who got me involved, as a late bloomer, I am missing many cards. And as someone who prefers to own than rent, I have been looking to increase my playing card holdings. This means that I have spent a far bit through PeakMonsters over the last 7 months and I didn't actually know how much until recently.
Airdrops for anyone?
The other day you likely noticed (if a Splinterlands player) that PeakMonsters are airdropping PKM tokens, with two key airdrops of interest to me. However, I am not exactly sure what the value of them is going to be and if they have value at all, but still - airdrops are great for holders and perhaps there will be ways to reward based on PKM holdings, like advanced statistics or something.
March 7th - Announcement and creation of PKM (done)
March 14th - Start of the PKM:SPS pool with initial liquidity provided by the team (Buying enabled)
March 18th - First PeakMonsters tournament (w/ PKM rewards)
March 21st - Start of Large Transaction Bonus-Airdrops
March 23rd - "The Big Airdrop" for last 52 weeks
March 24th - Start of PKM:SPS reward pool
March 30th - Start of the weekly airdrops
So, the two I am interested in are the "Big Airdrop" and the "Weekly Airdrops", with the first being a lumpsum drop based on purchase activity on PeakMonsters over the last 52 weeks, and the second a weekly emission based on the same metric. These are the tiers and you can find if you qualify and where from your profile page.
I had visited there before, but had never really looked at what was around and was surprised to find that staring back at me, was how much I have spent.
OOPS!!!
Tier selection
Between buying thousands of packs and many cards using credits, I am pretty sure that rather than saying "go get a Spellbook from here", someone should have given me a referral link!
So, I am a Screaming Tycoon
I am generally soft spoken.
Transactions: 134
Total Expenditure: $15400
Average purchase: $114.92
LEVEL 10, but well down on the top tiers in spending - have people really spent 250K on secondary market cards? I think there Splinterlands has plenty of potential for future case studies on crypto insanity.
What this means is:
Big Airdrop = 4500 PKM
Weekly Airdrop = 86.538 PKM
Liquidity Pool
Now, this is pretty interesting, as while I have no idea what or of these will be worth anything, PeakMonsters plan on having a "profit sharing" initiative of some percentage of what the site earns monthly. With this, they will set up a PKM:SPS liquidity pool using 200K team sourced SPS and combined with 1M initial PKM. If my math is correct, that should give the PKM in the pool a base price of around 1.2 cents each, as the value of the SPS is spread to balance across the pool, 12K on each side. This is based on the value of the SPS.
Going on that amount, the 4500 I will get will be worth about 54 dollars, but, I think that what the pool generates and the profits that go to Liquidity Providers, won't be shared to the team, which means the private liquidity providers should be getting a pretty decent percentage return initially and for me, that would mean pairing only 54 dollars worth of SPS, which is 450 SPS. That is worth the risk. Of course, if there is high demand early and the price shoots up on PKM, more SPS would be needed to pair - unless SPS increases too.
While I don't know what the value or utility of PKM might be in the future, what I like about this tokenization is the concept of it, as it is different to the tokenization on content delivery and, it is tied to an already established business. Not only that, the business model is a secondary market industry, meaning it isn't owned by the primary usecase and instead of offering "goods", it offers "service" and it has been doing it well and improving for years. Not only this, the same team also offers Hive service through Peakd, which brings a lot of functionality to the social side of the blockchain. This makes business sense and, it makes investment sense.
Who gets it?
The last thing that is going to be interesting to see with this drop is, who it actually goes to and I hope there are some stats given on this. The reason is that for example, out of my very well invested Splinterlands friends, I am pretty sure that I am the highest tier on PeakMonsters by far. The reason is, because they are early investors, they haven't needed to buy the far more expensive, older cards. Yet, because of their savviness, they are able to benefit from lots of the Splinterlands drops. However as I said above, *this is not a Splinterlands drop, this is not based on Splinterlands assets, it is based on "business utilization", and I suspect that like me, a lot of the people who have spent the most on PeakMonsters, are not necessarily early investors into Splinterlands - they are catcheruppers.
Renewed loyalty
Regardless of how it all goes, I think that this is going to be the future of much of the blockchain business and tokenization models, where the businesses profit share, giving back to the users who use them. It is like a loyalty card bonus system and as more options for goods and service arise, more incentives will be be put in front of customers. The difference is, that what is given is a little bit of ownership with the potential to reinvest it, not just spend.
I like owning a piece of what I use.
Taraz
[ Gen1: Hive ]
A very good one and update as regards the peaksmonsters airdripy.
Nice one on this
yea, I don't think you read it, nor care :)
Hahaha, not a bad joke on the case)
I think so too...
They come for the vote. If they added something useful, they might get one - but fuck voting on that crap.
Fuck da trollz!
:)
I think we need a mechanism to avoid this in the future...
!LUV
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I have missed this one by having most of my buys through the splinterlands site, dash it!
This is where my laziness and love of convenience pays off! :D
Haha, a very handy love!!
I knew it would all come together....
The real win-win model 😎
That's how I see it :)
Wow thats amazing! you did all that volume through the bid system or straight up purchasing mostly? Im level 3 myself, but only bought on peakmonsters since bid system.
!PIZZA
!LUV
!LOLZ
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lolztoken.com
they’re so full of themselves.
Credit: marshmellowman
@tarazkp, I sent you an $LOLZ on behalf of @forsakensushi
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (2/10)
I am not sure if I have used any bids, these are at least mostly straight purchases. I should bid more!
definitely! I really should do it more I just experimented a little with it and then ended up buying a lot on open market because prices had dropped so much
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@forsakensushi(1/10) tipped @tarazkp (x1)
Please vote for pizza.witness!
That's cool, I use Peakmonsters to do a lot except I never purchase on there. I guess it's probably a good idea to use it for that reason lol I'll have to go check it out!
I have put some through Monstermatket too, but I often forget. Do you use the internal market?
I find PM pretty decent or at least, easier to sort cards. I would love a few more filters to for example, filter for Maxed cards.
I used to use MM a lot when they offered the kickback for using the service. When they stopped that then I stopped using it lol I just use the internal market now. I guess if I'm going to make purchases it's best to use PM now instead!
Tier 10, damn. I'm down here in 9, slumming it.
I am surprised you are so high. I know quite a few old timers who are under 5. :D
It has been a while since the last time I fought against that summoner. But his resurrection ability should serve you well.
Resurrection and Triage are good ... also, the repair... it has become far more important since the release of CL
Does all the competition for 3rd party cards now need tokens to get their slice? It could well be another PALNET token but it might not. I'm L4 now and will be 5 soon enough.
I have no idea what the future holds - but tokens, tokens everywhere....