A Market of Monsters

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It is within the last 24 hours of the Spinterlands season and the rental markets are at their season peak, as some people are playing to finish as high as they can, while others are renting enough collection points for their multiple accounts to collect the rewards.

For me, I finished a day ago and have rented what I don't need to keep my position in Champions League 3 - which requires 500,000 points.

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So, then I wanted to see what kinds of cards went to rent and what their return is, in order to see which might be worth buying. While this isn't a true representation of rental value as EOS is crazy on price and people look for CP, it is something I have available now. Ultimately though, It would be good to have an average rent price over the entire season in order to see which offer the best rate of return. However, this is what I have now and it might still be of interest to some people.

Firstly, this is all my cards for rent and you will see that all of them actually rented and adding up the total CP divided by the total revenue from rent, I can say that the average rental amount is 55 CP/DEC. Before CL, I think the average was more around the 30 CP/DEC mark.

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Now, the next thing of interest for me is the return on investment, because I am looking at buying some cards off of the market for rental purposes and potentially to stake to LAND. As a reminder, this is the calculation for working out the Yearly Return On Asset yROA and it is very important to understand what this is calculating.

The reason is that it is looking at the value of the card as if each BCX is the current "low buy" figure. This means that the value of the card matters a great deal in calculating the yROA, but it doesn't factor in what was actually paid for that asset.

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This is important.

Because for example, A max "Card X" might have been bought for 100 dollars and rents for 100 CP/DEC. Assuming it has 10,000 CP total, that means it rents for 1000 DEC a day. That is 365K DEC a year, which is about $1200 a year.

But, the "buy price" isn't what is used, as it is calculated at current low price. If Card X is now worth 2400 dollars, the yROA would be calculated at 50% a year, 1/24th of what the actual yROA,, based on real purchase price.

This is important to note for all those people who are saying that the rental markets aren't returning them enough when they look at the percentages, but they have cards that they bought years ago renting for 1000% of percents a year more than what they paid for them.

But, all of my cards have been bought in the last eight months and I thought it would be interesting to see what groups of them are returning. Perhaps someone will make different buying decisions based on this, but I remind to DYOR and remember that this is EOS, so different cards rent because people can be renting for CP, not to actually paly the cards at all.

So, the next bit is long, but there aren't any words. What these slices are are the rental returns based on the current prices, at ~55 CP/DEC average. I mostly have DICE and CHAOS LEGION CARDS. Since Chaos Legion Cards are still very much available, I split them more.

All Chaos Legion Cards

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All Dice

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All Untamed

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All Beta

(I have 3 Beta cards - the value comes from one summoner)
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All Reward

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All Chaos Legion Reward

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All Summoners

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All Gold foil

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All Chaos Legion Summoners

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All Dice Summoners

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All Chaos Legion Gold

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Chaos Legion Regular

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Chaos Legion Legendary

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Chaos Legion Legendary reward

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Chaos Legion Legendary Gold

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Chaos Legion Epic Gold

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Chaos Legion Rare Gold

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Chaos Legion Common Gold

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Chaos Legion Legendary

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Chaos Legion Epic

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Chaos Legion Rare

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Chaos Legion Common

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What would you buy to rent?

So, based on this, if you were investing into cards to rent, what would you buy?

It is pretty obviously going to be the Chaos Legion Cards because the return on investment is comparatively very low on the older cards, unless you are looking to play them. But which of them?

Well, because this is the end of season, this is likely skewed toward higher CP cards, so the gold cards are going to command a higher value with CHAOS LEGION reward cards coming in at a whopping 310% return a year. But, CL Epics out perform the legendaries. Does this mean that they are undervalued? Not necessarily, but apparently there is a demand for them.

It is all well and good to buy for the highest rent yROA, however, the next thing to consider when buying to rent is, what is going to happen with LAND? Assuming that it is going to require staking cards to farm the land for a yield, just how many cards and what type of cards are going to be taken off the market? Lots of summoners will disappear from the rental market probably and likely high CP cards, under the assumption that a summoner will be needed and the "quality" of the card matters.

This sets up a potentially interesting dynamic, as while it will be valuable to farm the land, it will put a supply shock onto the rental and buy markets, ultimately pushing up the prices of both. People will still need the CP to play in the leagues, appropriate summoners, decent playing cards and the like, but a lot of the older cards with high CP and are highly sought after already, will be taken off. That means that the lower CP but strong playing cards will increase in demand and the end of season spike will either have to be countered through changes to the game or, it will be insane in terms of rent.

It is an interesting ecosystem and for me who has a few cards but not much LAND, I am going to have to hope that the value of holding playing assets is going to go up.

I haven't been buying many cards to rent yet, but looking at this, I would probably adjust what I was buying a little, but make sure that if I don't need them for land, they are going to be in demand as playing cards. The Chaos Legion Legendaries and the Epics seem the pick of the litter at this point, but especially the reward cards - which makes those quest and end of season rewards, potentially very, very valuable.

But remember, the higher the price goes, the lower the yROA appears to be.

Are you buying to rent?

Taraz
[ Gen1: Hive ]

Posted Using LeoFinance Beta



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31 comments
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Most of my rental income has went out the window. I don't think I am even pulling in 1000 DEC per day anymore. It is pretty pathetic. I have been buying some summoners so I have them for my land when that happens.

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Do you adjust for it at the end of season?

I have been buying some summoners so I have them for my land when that happens.

I don't have enough... I only have 8 plots :D

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No, I just set it and forget it. I don't have time to be babysitting it all day. I probably haven't adjusted my rentals since Monday.

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if you are going to adjust ever - make it the end of season :)

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Can we get an excel sheet? :)

... and for me who has a few cards but not much LAND, I am going to have to hope that the value of holding playing assets is going to go up

No game without the cards, the rest is smoke and mirrors, maybe :)

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Can we get an excel sheet? :)

No. You know how crap I am with Excel.

There are still 7.5 million packs to be opened!

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Fair point :)

And yes, plenty more packs for us to buy!

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I wonder how far the price of cards have to move to make packs worth buying again? If BTC pumped, how fast would those packs go?

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I got 5 packs in season rewards worth 9.99 - that would mean they'd 'only' need to double from here on this small sample.

Any guesses on how long to sell out - maybe before Xmas if this year isn't a disaster for BTC and friends?

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It is pretty obviously going to be the Chaos Legion Cards because the return on investment is comparatively very low on the older cards, unless you are looking to play them. But which of them?

Coming from the point of investment base on buying and renting, I think the legion cards is a good one to rent based on what have studied.

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things are very heating up in sps lot of whales are doing a lot of activities

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Yep, it is going to get interesting and in April the investor drops end too, so there will be less hitting the market.

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Still, all you have there is worth a shitload of money… Holy fuck

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Yeah, there is some value there - if only I was in the black on it ;)

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Whoa! So I have double the Total Value to you... but because my cards are mainly Beta I'm getting 1,676.582 DEC/day (although I expect this to drop off tomorrow)... you are doing insanely well with your rentals. I could clearly learn a lot here.

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Nah, it is because you didn't adjust for end of season :)

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Hahaha, I did not... although I have 1,956.532 DEC/day listed but not all of my cards were rented... which didn't used to be the case.

I don't honestly change my prices throughout a season because it's kind of messy yeah? Adjusting the price of an unrented card is easy to go down, but trickier to go up... and if a card is rented then you have to cancel, wait until the cancellation period is finished and then go a re-rent.

Unless there's a tool that makes all that easier that I don't know about.

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Were they on cooldown? Had you played them?

I use Peakmonsters with filters. it is easy enough, especially at end of season when I don't have to pick through the cards I play. But, I generally don't adjust during the season, just for EOS. I want people to have fun playing and not have to worry about getting cancelled on - so I adjust for the last day only so they can have it the 24 hours without losing it.

It is annoying when people cancel rentals midseason! :D

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Hahaha, it so is!

So you adjust the cards the cards your renting out a couple of days out from the end of season to be more expensive? And these cards are unrented at the time?

I personally have rental cards that I never touch or play with, and then my collection of cards that I try to beat you with... and cards almost never cross over. I haven't adjusted the card prices up or down for ages, but really might have to do that soon... although I honestly do spend most of the season with a high percentage of unrented cards.

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Pretty much. The playing cards I can't rent unless they have finished their cooldown from last played.

Most of the season I get around 1000 DEC a day. EOS is well, more....

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I'm honestly blown away by how much more. You are very good at this game.

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Oh also, this last day covers most of my rent for the season itself - so it isn't exactly profit :)

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Which one is the total value of your all cards in Splinterlands?

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I haven’t been keeping up too much with the news on land but I’m hoping it doesn’t throw a wrench into my summoner purchases lol. I got super lucky and got a gold Quix in a pack so I need to be able to get one more to get that to level 3, where I’ll stop.

I think as far as returns, I’m getting my best returns for my reward cards I have gathered over time playing. I’m lucky enough to have played a decent amount with two accounts so I got some good cards for reward and EOS. Granted I don’t pull in wild numbers like yours there but my investment has been more time than money and that’s paying off. I’m not sure if I’m better off renting lots of level 1 cards in that way or if upgrade them into a level 3-6 would it be better off for me. Some situations I have enough to get me to a level 6.

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I’m hoping it doesn’t throw a wrench into my summoner purchases lol

I think it will make them more valuable at least :)

L1 cards don't rent very well, as there are so many and they aren't the best for the league. I have upped some of mine to suitable for bronze or silver.

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Definitely, that's part of the long-term plan, but for now my focus is to increase my SPS holdings and to pull up my family's accounts one by one.

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