TL;DR
The reason why you as a Splinterlands player should get involved in Hive is because Splinterlands will pay you three times more money for participating on Hive than you can earn in Splinterlands with an $8,000 investment. And no investment required to earn on Hive.
- Every Splinterlands player should be taking part in Splinterlands posting contests on HIVE
- You can take up to 50% of these rewards and invest in Splinterlands Assets
- Consider the fact that same money invested in HIVE will outperform earning in Splinterlands at this time so it might be worth it to get involved in HIVE more seriously
Did I get your attention? Then read on...
To establish the baseline for an average player with the assets that I am citing here let's take a look at my performance last season:
| Stat | Wild | Modern |
|---|---|---|
| Rank | Champion #333 | Diamond #392 |
| Rating | 3980 - Champion III | 3420 - Diamond I |
| Rating High | 3980 | 3520 |
| Ratio (Win/Loss) | 1.74 (59/34) | 0.92 (173/188) |
| Longest Streak | 10 | 7 |
As you can see that I have ranked in top 400 players in both Modern and Wild league. The vast majority of battles was actually played in Modern league in order to collect maximum SPS rewards and Wild league was played strategically so that I can collect all the league advancement bonuses that I can easily reach.
If we add up the Wild league battles you will see that I played a total of 93 games in Wild and 361 battles in Modern for a total of 454 games. So basically 80% of the games were played in Modern league and 20% were played in Wild league.
Now lets take a look at the rewards I was able to achieve:
| Type | Amount |
|---|---|
| Staking Rewards | 1260.605 |
| Ranked Rewards as above | 2219.604 |
| Brawl Rewards | 338.119 |
| License Stake Rewards | 286.195 |
| NET SPS | 4104.523 |
Splinterlands season happens about twice a month so we can use 8,209 SPS as monthly rewards for my Splinterlands monthly play to earn earnings.
If we take a look at the price of SPS token today we see that it is at $0.007221. So if we multiply 8,209 SPS by $0.007221 we get $59.28 for monthly play to earn earnings in Splinterlands. What were my assets that enabled these earnings?
My Assets Used To Earn This Were:
- SPS
- Validator License
- Cards
A quick way to estimate the value of your Splinterlands and HIVE assets is a great new tool from @beaker007 called Bee Balanced. This tool is great to check on your asset value in Splinterlands as well as gives you your KE Ratio which tells you where you stand in terms of your investor/extractor behavior on HIVE.
If we look at my SPS assets we get:
SPS: $2994.23
License: $186.86
Cards: $4,815 to $5291.31 (Market vs List)
Total: $7996.09 to $8472.40
SPS
You can see that I have over 430K SPS staked earning 10.69% yield that is not a bad yield if you want to earn passively:
So my SPS assets at current prices add up to $3,052.67
Validator License
According to Splintercards my license is worth $218.9 and if you buy it at that price it would provide you 25.8% APR which is pretty good and an upside potential as if you were to buy a new Validator Node License directly from Splinterlands you would have to pay $5,000:
I am not saying that anyone in their right mind would buy a license for $5,000 directly from Splinterlands when it can be bought on secondary market for around $218, but it is quite possible that if you buy it now for around two hundred bucks and hold on to it earning 25% plus yield you can sell it later when validators go live at multiples of the current price. Not a financial advice.
Cards
According to Peak Monsters my cards are value between $4836 and $5289:
So using these alternative valuation sources my assets are valued between: $8,107 and $8,560
So if we take the most conservative estimate of $8,000 and $59.28 times twelve months would give us $711.36 annual earnings. So $711.36 / $8,000 = 8.89% annual return on investment. Since SPS staking is over 10% annual yield and validator license is over 25% it means that cards are the lowest earning asset in Splinterlands. Which makes sense as cards are not really an investment but an NFT asset that is used to play the game.
Hive Blog and Curation Earnings
This brings us to looking at my Hive author and curation earnings. First of all I have Hive Power of 6751 which has an estimated value of $3,268.63
As you can see in the last thirty days I have earned $23.98 from curation only. This comes out to 12 months times $24 = $288 on a $3,268.63 investment which gives us a yield of 8.81% But this yield doesn't include the APR you get for staking Hive currently at 2.75% which adds up to a total curation and staking yield of 11.56% which is higher than total yield from all of my Splinterlands assets combined.
So staking Hive and curating content (liking other people's posts) on Hive Blog provides higher yield than my Splinterlands assets via play to earn, SPS staking and validator license rewards!
But here is more! Take a look at the image below:
As you can see in the last 30 days I earned $23.98 via curation but I earned $176.44 by posting on Hive Blog! This adds up to $2,117.28 just for posting on Hive Blog!
This means that my Hive earnings are $2,117.28 + $288 = $2,405.28 in total annual earnings! So with $8,000 investment in Splinterlands you can earn $711 this means that I am earning more than three times more on Hive than in Splinterlands!
How Earn on Hive via Splinterlands Weekly Challenges
Now that we saw what the earnings are on Hive Blog, how do you as a Splinterlands player actually do it?
The basics are simple you don't need anything to start on Hive Blog. Since you are a Splinterlands player you simply go to one of the front ends for blogging on Hive and start blogging. You can use: PeakD or Ecency or other blogging front ends for Hive.
Before you start, you might want to read up on things to do as a new blogger on Hive.
Once you are up and running simply create posts for two weekly Splinterlands Challenges, you can pick two out of three weekly challenges pictured below:
You should read the rules of each challenge and follow them in order to get voted on by the Splinterlands team of curators.
But I would like to point out one new rule that Splinterlands added to this contest. This rule means that you would be best not to take out all of the Hive rewards. In fact I would recommend that you leave the default payout option under Advanced at 50/50:
Splinterlands curation team now uses a KE Ratio that basically shows how much of your rewards you are investing into Hive and how much you take out. 50/50 HBD / HP split means that you KE Ratio will be exactly at 2. If you leave all of your rewards on Hive your ratio will be 1. You can leave 50% in HP and your HP will start growing that way you will get exposure to HIVE and will start increasing your influence on Hive Blockchain.
If you want to read more about KE Ratio @azircon has a great post: Splinterlands Contest Posts and Curation
So you can safely take half of your rewards and invest into your favorite Splinterlands assets such as SPS or cards. That kind of balanced approach let's you have some stake in Hive Power and get some more SPS or cards that you want to buy to have fun in Splinterlands. Hive Blockchain is a layer one blockchain on which Splinterlands runs and it has many other interesting projects on it such as the new Leo AI that has a great potential.
As an investment Hive is probably a better investment to focus on with a higher chance of making it big in the coming bull market than SPS. It only takes one break out success like Leo AI to seriously pump Hive, while Splinterlands is a single game project on Hive. But at the same time SPS is a $3.5 million micro cap token at 2563 place on Coingecko by market cap, while Hive is a small cap token with a valuation of $191 million at 364 place on Coingecko. So it could be argued that it is easier to x100 SPS and bring it to 350 million market cap vs 10 Hive to bring it to almost $2 billion dollar market cap.
If you take a 50/50 split and invest have in Splinterlands assets you would have exposure to both.
Please Note: I created the banner image for this post using AI tools and Photoshop taking the current Splinterlands Auction card: HELOISE THE HOLLOW as an inspiration
If you wonder what is the best way to get involved you can use my link to begin your Splinterlands and HIVE journey.