In my first few weeks of playing Splinterlands, I thought the easiest way to earn is by playing ranked and getting DEC rewards.
So I put some money to DEC to rent out the cards that I think I need.
After 2 seasons of playing from Bronze to Champion league, I got more or less 6k CP from DQ, EOS rewards and 500 Champion Points.
Yes I got lucky with Legendary monsters and CL Packs given in DQ and EOS chests shhh
I spent roughly 26k DEC rental expenses.
I got 23% of DEC spent converted to CP.
Another figure I noticed is that One-third (1/3) of the DEC rental expenses are for the End of Season (EOS) Chests. This is just for the CP requirement, no matter what card I rent.
Fortunately, a good friend @gambit-x introduced how I can get more free CP through guild brawls. With gratitude, I joined YGG guild Yield Guild Roosters.
In case you need a guild, we are still recruiting players. We only request that you have at least 15k CP and at least Silver 2.
Aside from Gladius cards I got, I also got to dig deeper on the economy of Splinterlands.
I realized that there are cards being sold at cheap prices (high CP/DEC) so I bought them mainly for the CP. These CP are usually 45%-55% of the DEC I spent. Sample is a 100 CP purchased at 198.258 DEC.
Although these are cheap, they can still rent out easily so I immediately get back some DEC I used for purchase. And yes I am still getting DEC from my rental income daily.
I only lose half (roughly 50%) of the SPS Airdrop points after purchase, but I gradually get them back from rental income.
I also convert the SPS I got from Airdrop to purchase more cards, but after this recent townhall, I don't think this is a good idea anymore. I am now bullish on SPS.
Just for this season, I already bought around 32k CP all thanks to YGG people for sharing their knowledge.
I have also tried flipping the cards, but rental seems to be more profitable. A week or two of renting already surpasses the profit from reselling the card at a higher price.
This is a sample forecast of my CP build-up in Splinterlands.
TL;DR
Feel free to let us know of your tips to build your collection power.
Abbreviations used:
CP - Collection Power
DEC - Dark Energy Crystal token
DQ - Daily Quest
EOS - End of Season
CL - Chaos Legion
SPS - Splintershards token
Awesome content bro.
I have been playing the game for almost 8 months now and still havent reached champion. haha.
Do you still think it is worth it to rent to champion today?
Yes bro. I got multiple CL Packs and cards from Champion/Diamond DQ and EOS chests. If you convert them to DEC, I think it's still profitable.
Plus, Champion/Diamond is more fun to play since more abilities will be unlocked. You get to see more buffs/debuffs in action. If you can reach 4700 rating, you can get more chests easily without having to add more CP in your expenses so it will be more profitable for sure.
I will try to grind my way to CHAMPION next season.
btw. How much DEC does it cost you to rent cards?
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I spent 3k-4k DEC on daily rentals for Diamond League. For Champion, it will be around 5k-6k still depending on the rental prices of the cards you need. Then for EOS, You will have to budget for CP rentals at a rate of 50 CP/DEC.
You can do 5 times DQ grind per season, but I guess rewards will be revised.
You're post made today's Splintering!
https://www.splintertalk.io/@jackal-bandit/33-the-splintering
Thank you boss. Thankful to be a part of your guild.
keep it up bro 🤑
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Thank you @xykorlz for the generosity. Will write more contents like these regularly.
Good read bro!
Thanks bro. Let us know how your journey goes.
Good read sir. Late ko na lang din ginawa ung pag build up ng deck.
true. nakakapanghinayang noh pero it's never too late to build up our deck. Long Term si Splinterlands
nice work recycling your income back into cards to create more income!
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You should try it too, if not yet. This will compound your income and CP for sure.
Oh normally I do, but these past 2 weeks im using my rental income to pair with sps income for dec/sps pool, apr is about 200% at current prices. I just bought some cards to add to my rental slots tonight! lots of djinn chwala!
That's great! I'll try to have a look with the liquidity pool as well.
Djinn Chwalas are excellent for renting. They rent higher than other Epic reward cards. Great choice!
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