My dCrops Return On Investment - Worth it?
I missed the alpha sale on dCrops last year but only because I hesitated and they sold out. Other than that I've basically been there since the beginning even I wasn't playing or buying optimally.
I've been struggling lately with what I want to invest in more of now that the DEC is rolling in again. Today is the first day of a new season in dCrops and that got me thinking, I've spent some cash in this game but I've never really done the math on whether its worth it or not to invest more.
So, while I don't have all the numbers, it's not too hard to estimate a few things and get an idea if dCrops had been a good investment or not.
If you don't know what dCrops is, well, you probably aren't reading this post lol. But if you are, dCrops is a hive based farming game where the land and seeds you have are NFT's of various rarities and abilities.
The goal is to plant and harvest as much as you can so you can sell your crops as shares and then collect part of the bounty of CROP-the dCrop native token. As another perk, there's a daily pool of hive that is given out to asset holders based on your level of ownership.
With that out of the way, let's look at some numbers. For this exercise I'm just looking at current values and payouts. This should be expected to change but I'm pretending its not going to so I can make this easier on myself.
OK, so I've spent-and this is a bit of a guess-about 750 hive on dCrops so far. That's been on a mix of secondary market packs, CROP token, and various secondary market NFTs.
Spent = 750 hive
Let's look at the assets I currently own and a rough valuation based on floor prices of similar assets.
Seeds:
139 Common Seeds: .5 hive each = 70 hive
48 Rare Seeds: .9 hive each = 43 hive
36 Epic Seeds: 5 hive each = 180 hive
2 legendary seeds: 45 hive each = 90 hive
Seed value = 383 hive
Land:
17 Common Plots: 2.4 hive = 40 hive
22 Rare Plots: 5.75 hive = 126 hive
13 Epic Plots: 11.8 hive = 153 hive
4 Legendary Plots: 55 hive = 220 hive
Land Value = 539
Total value of seeds and land = 922 hive
Not too shabby but I also have 81,400 CROP token.
If we value that at 0.0035 hive each, that's another 284
So between CROP and NFT assets we can say my total dCrop account value from my 750 hive investment is worth 1206 HIVE
Current Value 1206 hive - 750 = 456 hive profit
There's also been an amount of hive I've collected from the daily pool but I'm not going to include that because don't really know how much its been but lets say for kicks its 20 hive. So unofficially its about 476 hive gain on my 750 investment. That's a 63% gain! Not too bad.
So now let's look at income.
THe easiest part of this is that there's a daily drop of hive for owning assets. For me right now this is about .12 hive per day.
Then at the end of the season I've been clearing about 1500 crop. Let's convert that to 5.25 hive for sake of ease.
So my season token rewards right now are about 7 hive. A season is 15 days so there are 2 of them per month or 24.3 per year.
7 x 24.3 = 170 hive per year
170/750 = 22% APR
But wait! There's more.
When beta is released soon there is going to be an ability to construct STUFF!
I don't know why that makes me so excited but it does.
So a couple of seasons ago they started including the potential to receive building materials in your end of season rewards. I get 18 chests now and over the past two seasons I've managed to accumulate 8 common materials. That's 4 per season.
Right now they are new so the price might be inflated but also there's nothing to do with them so maybe its not. To be on the safe side though, let's assume the prices on these materials will come down a little more.
Currently the low floor on these materials is about 3.5 hive each. Let's drop that down to 2.5 hive.
Let's also assume that what I've gotten these two seasons will work out to be average. It's possible I'm skewing low or high. Also I've only gotten common materials and Its possible to get rare, epic, and even legendary which are worth far more. We'll assume that at my level though, 4 common materials are average at a value of 2.5 each.
That adds a huge 10 hive value to the 7 I had before. This over doubles out rewards.
so now let's say 17 hive per season x 24.3 seasons per year is worth 413 hive per year!
Based on my 750 investment that means
413/750 = 55% apr!
Holy crap.
And that doesn't include any price appreciation. There were only 50k alpha packs after all.
I can't wait for beta!
Overall, I'd say dCrops has been a great investment and I will definitely be ready to pick up some beta packs when then come out. Partly because it has been a great investment but also because I think beta is when the economy gets really interesting. And I love an interesting economy.
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I also started playing dCrops, but I seem to be buying too little land.
Have a great day.
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Dam bro, sweet collection. Legend land is sweet. Good to hear its been a solid hold so far. New cards will be cool, im happy too, but i still have to catch up on this season 1st.
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Thanks. I got lucky with one of the legendary lands I found in a pack. Had to buy the rest though.
I think I'm going to buy common land and rare seeds for a while. They both seem undervalued.
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Fertile land (blue) seems legit, or Epic. Legend is nice for the extra bonus potential but the price is up there. Common (green) seems boring.
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There is something boring about its presentation right? But I'm not sure why you would pay over double for double the planting spaces going from green to blue. Maybe it's how growing bonuses are applied? I don't really understand the powerups !LOL
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Its good point. Its cheaper land to grow the crops. Hard to justify the investment and return on it, good points brotha. I hate to say im about to buy a dam strawberry for 40 hive, but will be my 2nd, helps complete the quest list this season. Least hive is cheaper, but dont plan on going much crazier this season
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Great article, very detailed and helpful. Definitely tempted to try dCrops now:) Have a great day.
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Thanks, I think the game could have in interesting future. Certainly been profitable so far.
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Wow! This is the first time I've seen anyone break down the numbers. I have no idea what I have into this game but it's far less than what it's now worth. I was fortunate enough to buy 125? of the Alpha Packs right before they sold out. I only opened 50 of them and have been holding the rest for the daily HIVE rewards. I get about .3 HIVE/day, although I've probably averaged closer to .35 since it's come down from what it was when I first got in.
My original goal was to just farm and not spend any more on the game and just see what it turned into. For the most part, I've stuck to that plan, although I've gone on a couple 10-20 HIVE spending sprees to try and maximize my plots.
As far as income goes, we'll say .33 HIVE/day average for almost a year now (we'll say 300 days to make the numbers easy). That's 100 HIVE from the daily pool. My seasonal CROP average is around 2500 since I've amassed @54k CROP over 20 seasons. It's been higher since I did the buys though so it's probably closer to 3k/season going forward. According to LeoDex my CROP is currently worth $66.87 so dividing that by the current HIVE price of $.413 that's another 162 HIVE.
That means I'm collecting approximately 13 HIVE every season, or almost 1 HIVE per day. I'll take it. As for those resources, I think either you're getting very lucky or I'm getting very unlucky (probably the latter since I always seem to be unlucky) because I had 24 chests for the last two seasons and only managed to get 5 common resources total. I just crossed 200k in holding rewards value so I'll be getting 25 chests upon completing my next quest. Hopefully the drop rate will go up for me. Either way, I like the bonus.
I have 458 common seeds. 140 rare. 32 Epic. 21 Legendary. I remember buying a few legendary but I'm pretty sure they were around 20-25 HIVE at the time. But, that said, I'm pretty sure I spent at least 200-250 HIVE to get them. So, my investment is probably higher than I think. On the other hand, I was using HIVE I paid 30 cents or less for at the time so...dollar wise, I feel like I'm probably doing pretty well.
For land, I've got 24 Average, 26 Fertile, 5 Awesome, and 2 Hi-Tech. That works out to 99 plots I can fill each month. I haven't quite maxed any of them out yet although I'm close on one of the seasons.
I'm too tired to do all the math but, judging by your numbers, I'm happy to see that this has likely been a very good investment which will hopefully continue to bear fruit ( or vegetables, as it were) for years to come.
My ultimate goal is to just continue to find ways to accumulate daily HIVE as I think at some point it will blossom and trade over $20. It would be nice to be getting 20 HIVE a day in liquid HIVE when that day comes. I've got a long ways to go but...between Splinterlands, dCity, and dCROPs, I'm getting there.
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Yeah, I was commenting on someone dCrops post and I realized I didn't really know anything about how the games economy was working out for me. I'd never seen anyone break it down either so I decided to crunch the numbers and post it. Glad I did.
I really wish I'd gotten in on those alpha packs earlier like you did. I'd just put so much into Splinterlands and a new game seemed like a really slippery slope.
When i finally made the choice to go grab some (was going to buy 200) they were sold out. I also have zero will power to hold onto packs so even the ones I bought on the secondary I eventually opened. Lowered my rewards massively when I did so I went and bought more and then I opened those too !LOL
It sounds like you've done way better than me and I'm pretty thrilled with my progress so congrats on that.
I am actually writing another post now about the fact that my DEC earnings are spiking again and I'm not sure what to do with it. There are so many options and realizing this about dcrops just opened up another one.
I want to focus more on building up my hive stake too. Whenever I have swap.hive in my account it always feels like money to spend on other tokens and I never end up just building up my hive stake. Maybe its time fr that. I don't really have any price expectations for it but I'd like to have more. I spend enough time here.
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Yeah, I got a little lucky on timing. I was just getting into Splinterlands when it was blowing up and decided I better take the chance to grab some packs of this while they were still available. As for opening them, I'm usually with you in not being able to stop myself but the daily HIVE rewards has kept me disciplined. I was originally going to keep 100 for 200k holding rewards points and then open one every time I got another 2000 CROP but it was slow going at the beginning so I opened another 25 to boost my season activity. I've just now crested the 200k again but I think I'll keep holding them and see what happens with the BETA packs. If they do well then I think the ALPHA packs will probably increase in value.
It's all about HIVE for me. I'm just trying to build a passive income. HIVE and HBD together could eventually be a significant income stream so I'm trying to build while the building is good. I could be wrong but it just feels like this place is one of the few places continuing to build and add value. Hopefully the rest of the crypto world agrees at some point and it can trade at much higher levels.
As for dCROPS, it seems like they have a good thing going. With the built-in power of the HIVE community as a market, if they can keep improving and expanding, it could end up being a nice little niche game people can make a little money with in perpetuity. Nothing wrong with that!
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I think I opened a hi tech land early on and that was it for me trying to hold the rest of the packs. I needed to know if there was more of that in there. There wasn't.
dCrops right now just seems like a visual representation of investing in crypto. Stake your assets, claim your rewards. I would love to see a bit more behind it in terms of game play but the concept is great and farm games are a proven popular genre.
I think beta will do well though. Packs are already like 9 hive each and I think they started at 2. I don't know if there's enough liquidity out there to drop 75 on the market but there will be if they can create more game mechanics.
I really just want more to do with the crops. If we had some choices other than just turn them in for crop I think it would go a long way.
My other chain I invest in the most is algorand and they are building payment rails for countries amongst other things.
To me, hive is more building things for the hive but I tend to miss a lot of what goes on around here even though I'm here all the time. Is there anything you see hive building right now that bridges hive into real world applications or is it something else that attracts you to it?
Well, Leo keeps bridging into different chains. It's not HIVE but it basically is since transactions are free between them. The thing I'm most looking forward to right now is HAF. That is supposed to be implemented with the next hard fork. It will provide devs the ability to write and create in their own code and HAF will handle connecting it to the blockchain. That is where I think you could see a lot of new applications created that will start tapping into the mainstream. It's all a process. I just think HIVE is doing it the right way. They continue to build infrastructure and expand the userbase. It's not exponential or anything at this point, but I think that day will come. And, contrary to many of the chains out there right now that hype everything and then fail, HIVE just continues to develop one step at a time so when the hype does finally find it's way here, the blockchain should be able to handle it.
Who knows? I may be wrong, but that's just how it seems to me. We've already gone through a lot of adversity and it keeps coming out the other side better and more resilient.
Thanks for your thoughts. That's also why I like algorand. A lot of people are upset because they don't hype themselves up. They just keep building, scaling, and making it easier to build on top of. They now do more transactions that ethereum, they are faster and it costs a fraction of a penny per transaction.
I really want to see HAF in action. I think that Psyberx and leo are building bridges and getting people interested. I think games are always going to be the single biggest draw to hive and that's fine with me. There's a lot of potential. I think I'd feel better if the social layer had more than a few thousand active members though.
I realized today I could probably sell all my Splinterlands cards and buy a quarter million hive at these prices. That's crazy. However, it'd be a wash. My rental income is about the same as I could earn from curation rewards. Still a cool dream and one I might kick myself for not doing if hive ever gets (and stays) at around $20. That's one of those things about crypto right now though that will hopefully change. Its real exciting for like a month and then its all worth pennies. But we keep dreaming of a day when our lofty price goals are both met and sustained. !LOL
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I never played. I was confused when It started and never really went back to it. I hope it is hit though. Any thing that people are still positive on in a bear market is kind of thrilling.
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I think the best way to stay excited is to turn off the USD value in your head and just keep playing in the sandbox. I made 60% more hive value playing this game. I could look at it that way or I could say hive lost 2/3rd of its value since I start playing so I've lost money.
I in time these games and digital worlds will become more important in our lives (livelihoods) and losing interest in crypto because of a bear market would be like not going on the internet because amazon's stock is down. I should probably write post on this.
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This is certainly good post fodder. Probably similar to why I'm addicted to rising star. Last bear market I was relegated to posting my way out of my losses. This time playing games will do just as well. Hive is a completely different world now and makes bear markets fun. (kinda)
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Maybe I should start playing again.
I like the Hive that gets dropped for just holding packs!
haha yeah I have no self control with packs. They all get opened eventually. Good for you if you bought them and held. That was the move. And I'm pretty sure they are up 4.5x!
Sad to say that the reason I didn't open anymore is that the game is so tedious I couldn't face managing any more resources!
It is dull, let's face it.
I hear you. Slow start for sure. It's hard for me to remember to plant and harvest because there's just not enough to keep me engaged. I'm hoping when beta comes out there will be game to play.
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I missed the pack sales, so I've been watchin' dCrops from the sidelines. I really dig the retro art style, so here's to hopin' the Beta sale lands at the right time for me to get a foot in the door ;)
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I don't know what it is, but there's just something about farming games that people resonate with.
It still makes me lol that one of my blogs that keeps bringing in traffic is the games like Sunflower Farmers piece that points people to dCrops.
Happy to see that the numbers still make sense :)
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It's amazing how well these things do. The amount of games that are just professions. Run a business, build a farm, etc. I don't know if you've seen upland but their whole selling point seems to be that its a metaverse where you have to deal with all the same crap you deal with in your real life. You can buy a car for $400 and it you actually put miles on it and can damage it by driving it. Want to go from Chicago to Las Vegas? First you have to find the best route and take a 90 minute flight or two. It's blowing up though !LOL
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