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Hello and good Sunday to all, it's looks into this Splinterlands land presale that will be taking place very soon. If you live under a rock and do no know what Splinterlands is, where have you been? Splinterlands is the next generation of collectable card games that is rated as the number 1 game on dapprader.com over 5k per day daily users. Im just gonna assume you have heard of Splinterlands.
(Image taken from @splinterlands announcement post)
New Game
In a nutshell, it looks to be a game similar to Prospectors with a different theme. From the jest, if it, it looks like you buy some land which you can resale, rent are use to produce goods are services to sell to other players in the actual Splinterlands card/battle game. The concept is easy enough to understand as there are many games out there already like this. The one thing Splinterlands Land has that others don't is the number 1 blockchain game as a marketplace meaning theres are already thousands of potential customers waiting for goods to be produced.
Is it an investment for SPinvest
SPinvest likes games and has made good money from dcity and more recently rasing star. I personally don't play Splinterlands as its not my thing. I bought into the card presale before the game launched, I tried it out when it was released and it did not float my boat so now I just HODL my cards which has worked out nicely as an investment. Splinterlands has a huge following and there's money there to be had and i think (hope) a bunch will flow into this new game. As said before, Splinterlands Land is not a standalone game as it has the main Splinterlands game providing the marketplace. This is a massive safety net and greatly reduces the risk from an investors point of view.
Let's have a look at the presale figures to give us an idea of how land is split up from the post click here that @splinterlands released yesterday.
The 150,000 plots will be organized into 150 separate Regions, each containing 1,000 contiguous plots. Each Region will be further divided into 10 Tracts which will each contain 100 contiguous plots.
Players will have the opportunity to buy claims for a whole Tract, or even an entire Region in the presale. In addition to offering a discounted cost for "buying in bulk", there will be significant advantages to having land plots in close proximity to each other.
150 regions - 150 total regions
10 Tracts per region - 1,500 total tracts
100 individual plots per tracts - 150,000 total plots
We see that each plot will cost around $10 with a discounts of roughly 15% when buying a tract and 25% when buying a region. The discounts figures might change as they are marked with a star. We can also see the each presale timeframe has a limited amount of plots for sale as well.
My gut instinct is telling me that this will be a good long term investment based on the numbers above, they are valuing all the land at a max value of $2.2 million before 15% and 25% discounts are included for bulk buyers but how many people will spend $1000 are $7500 on a game? Not many but I guess some and so they could collect around $2 million from selling land. It's highly debated what Splinterlands is worth but I can say without a doubt they have sold much more than this in monster cards and I think it will be sold out in 1 years time.
There are just under 2 weeks until the presale begins and they have lots of options for payment. Spinvest has just over 7,000 liquid HIVE and £1200 tether at its disposal and im thinking buying a tract is right up our street. My mind might change a hundred times between now and then as im excited but right now, im thinking $1000 is just over 2% of the total fund. If we buy-in on the first round of presale and just HODL, in theory, this should produce a profit because of the price increases each presale round. This means we can invest and if we don't like the game or find it difficult to produce goods to sell because of required resources are additional investments, we can always exit after presale for a profit. I don't see a lot of risks here if most plots sell out. I would not be surprised to see them do a "Kickstarter" as they did with SteemMonsters which was very successful and hit its target.
Possible Pool?
Im not sure, it would require another SPinvest member to run it. With the recent wLEO thing, maybe not the best time to be creating another big pool. Im down for it as bigger equals more power when it comes to governance and bonuses. Just throwing the idea out there.
Final thoughts
This is a big thing and Splinterlands is a very popular blockchain chain with over 5,000 daily players. I think they will sell out the pre-sales and this is a relatively risk-free investment for SPinvest. The fact that is has a proven history of being able to sell millions of pack of cards is also reassuring.
I have said, SPinvest might buy a tract but my mind might change after some feedback from comments are others that have more information. I don't play the Splinterlands game but I've played land-based time management games and i think i understand how this game will play out, the fundamentals anyways.
Let me know what you think!!!
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