So, I've been playing around in @dcitygame for quite some time now. To some, it's an investment opportunity. Although, I would never go that far to call it as such. To me, it's more of an educational game where you expose yourself to some elements of DeFi and yield farming. All with less fees and less capital to start.
If you look at the number on the right, that's the tax rate. That seems insane, doesn't it? 83%!! It's caused some uproar in the game community. Of course, those who tend to think they are hot shot investors tend to be the most edgy out of the cries of outrage.
Like I mentioned before, DCity is edutainment. Much like in real life, there are ways to bypass the massive taxes. You could brute force your way with so much income that it wouldn't matter. Or, you could build your cities in such a way that optimal income is actually not a situation with almost no taxes. Under the current tax rates, the actual taxes I paid is actually less than 40%.
How? You might ask. Well, you could start by reading the info that no one seems to read. How you build your city matters. Are you someone who goes straight for the HIVE rewards? Your build would be different than someone who tries to optimize SIM rewards.
What about for different tax situations? With the right build, some taxes don't affect you much. In fact, sometimes you would gain more than your base income because of taxes.
And who says you have to focus on city building? There are players who made a killing trading the NFTs in the game. It goes to show how it's not all about "hurr durr build more buildings for more SIMs". With that "hurr durr" mind set, you'd be no better than some of the visionless people we have experienced on Hive. The kind that can't see past self-voting as a means to stay ahead of the inflation curve.
I don't blame them. After all, one of the main reasons people got into the game is because they want to make money. Well, looking at the chart for SIM, it looks like those people aren't having a good time.
With the price of SIM falling and falling, some see opportunity. Those who want to expand their cities rejoice at the cheap prices. The same goes for those who want to increase their holding positions. In regards to that one, the details isn't in the info page. So, a new player most likely wouldn't have an idea of what a holding position is. But, those who follow @dcitygame's posts and community banters on Discord know.
So, I did say this game is edutainment. But, when we put it bluntly, a lot of it is gambling. We don't know if DCity would last for any longer. It could go under the next day and many people would suffer the consequences. But the most important thing for me, at the end of the day, is that we are having fun.
When it comes to taxes, while it's a great way to slow down the dumping, it's not the means to increase prices. Without demand, you could burn your entire token supply and it wouldn't matter. In an ironic twist, I would say the situation is no different than finding reasons to buy HIVE and power up.
It's incorrect to say there are no incentives to buy SIM. There are. But, they do not counteract the sell pressure exerted by players selling for profit.
It's not often you could play a game that offers such a kickback to you that you may not have to pay a cent to continue. I know there exist players that put in their initial capital and let things take their course.
Now, that's out of the way, I urge you all to vote for @trumpman for DCity president. I'm not afraid to say that I'm one of his biggest supporters.
He promises to implement the lowest taxes possible so players won't keep leaving. Some may argue that this would enable the bigger players to dump. I say let them. The falling prices may be the pressure the dev team needs to release the next update.
It would also appear that the current downtrend is nowhere near the previous major dip last year. So, vote for @trumpman and let's make DCity great again!
Until then, enjoy the mock political banters in the DCity Discord server. Remember, @trumpman wants to keep the little guys in the game.