I wasnt a maverick until chaos legion dropped. If the overall scape of blockchain gaming continues to progress, this game will continue to increase value with it. Lands being released next year will also increase the demand for cards to whole new levels, so theres no real good reason to assume getting in now is bad. Unless the whole of crypto enters another bear market, I dont see people buying now not being able to do the exact same thing I did a year ago.
3.6m generated in the SPS sale is what the team limited itself to. They capped that and sold the exact amount of SPS they said they would at 1.8 cents to those institutions. Institutions inquired about buying more from the other funds they had set aside for things like SPS battle rewards and the team did not oblige. The game is immensely undervalued for the amount of DAU it has. The quality of the product is very high compared to some of these games that dont even have a product yet are valued at 300m (aurory). When I invest in games having a working product is one of the things i look for. I have yet to find a game with so many polished features such as renting your assets and ive played/tried over 100 crypto games.
Devs have stated numerous times that banning bots is a fools errand. They have recently introduced measures to make bots less profitable, like no DEC rewards until bronze 2 is reached. They have repeatedly stated "yeah go ahead and bot, but we will continue to make botting less worthwhile as long as it doesnt compromise the game play for non bot users". Thats hardly an "endorsement".
What numbers are you talking about? DAU? Token release schedule? Circulating supply? We can debate how many of the Daily Active Users are bots, but honestly if you go on the discord most people, including known botters, are of the opinion that its wayyyy less profitable to bot now than it was before. To the point where most people who considered buying bots arent considering it anymore. When i get past bronze league i encounter almost no bots. And to be honest i dont even mind playing bots, its an easy win for me.
"This is horrible advice. Even the mavericks admit cards will most likely drop to 3 cents per common."
So youre in the business of trying to time market bottoms? Your advice to new players is to not play and try to get lucky and time a bottom? Thats not good advice at all. Maybe they will go down to 3 cents, maybe less, maybe not? Its about getting a feel for the long term trajectory of the game, the blockchain gaming market as a whole, and make educated long term decisions based on that. Rent your cards in the meantime and collect crypto on an asset you own. When i buy cards i look for market dips like this and buy low, knowing that in the next year lands will be released and likely need multiple cards assigned per land plot. If the cards drop value in the meantime im reducing my cost basis by renting my assets. Its very nice to be able to collect money from an asset class like this without needing to sell it. This isnt just some NFT that is a picture. Its an NFT that has utility and therefore will have higher than average demand and will be insulated to a degree from market fluctuations when compared to similar assets with no utility.
RE: Road to CHAMPION END: What is going on with Splinterlands Assets and Why