Last year the SilverGoldStackers Community held a number of Raffles and Auctions for use of the community owned Splinterlands cards try to raise some extra passive income to support the community curation project. The fundraiser was set up on the @monsterpit account and was moderately successful, however this time last year when the @monsterpit was set up there wasn’t an established rental market for Splinterlands cards and now it looks like a better passive income could be generated by renting out the cards individually via the new rental market.
I have been studying the rental market for a month or so and while the value of the community cards has dropped back a bit since the launch of Chaos Legion, the cards are probably capable of generating a consistent 15-20% annual return on the value of the cards in their current state. With the cards current total value at about $10,902 that might equate to about $150 for 2 seasons if the current market holds – which is more than we were earning with our Raffles and Auctions last year.
So this proposal is to formally wind up the @monsterpit fundraiser and refocus the effort to generate income from the community Splinterlands cards via the rental market. This would involve renting the cards out and also selling, or trading some of the lower yielding cards for higher yielding cards. Revenue would be raised in DEC, converted to HIVE on the Hive Engine and withdrawn into the @ssg-community wallet so that it can be used to help pay for Hive Power leases that will aid the community curation project Precious the Silver Mermaid.
Please feel free to add your comments below and if you are a member of SGS, vote YES or NO to this proposal by adding your vote to the relevant comment. Voting will be open for 7 days from this post.