Crypto Mythbusters - DCity $500 investment status and results after one week
One week ago I have started a trial investment of $500 into DCity with the goal of demonstrating that it is a viable cryptocurrency game project that will return you stake in 3 to 4 months. This is one of the crypto mythbusters that I have undertake and probably will continue also with others and as one week has passed we can check if are on track with it.
My DCity adventure started with $500 a week ago and in 1 - 2 days I could buy in the buildings I thought they are bringing the most income in the shortest period. I was playing the game for quite some time, had already invested about 400 SIM in it and now I've used that expertise to be able to do things a little bit better than a beginner.
My focus was on SIM income rather than population so that means that I am not occupied a too higher ranking, but I still get some daily Hive rewards. At the moment these are around 0.62 SIM and while the percentage out of the total investment is little, it helps with it. With that on population I bought mostly Luxury buildings that give not only population, but also a good income stream. I need more building to ensure occupation for the other buildings, but I considered them from the SIM income point of view. The buildings I've focused on were Forests, Ad Agencies, Weed Farms (farm WEED tokens as well) and Weed Dispensaries, Stadiums (farm ENTRY tokens) and Gyms, Restaurants and Nightclubs and that's about it. I am sure I didn't get the best prices on these as I had to grab many of them on the market so if it will take a little bit more time in addition that should be normal.
Now let's see some stats and where I am standing with the investment return after 1 week.
The current return per day from my total investment of $500 (which means 4400 HIVE) is of 0.84%. That means that in about 120 days which means 4 Months I should fully recoup all my investment. Now the taxes might have an effect on the period and we'll need to keep an eye on those, but until now I think that the return period is on track.
While it will take quite some time to see if this crypto mythbuster is a bust or not, I think that we make prove it right in the end. DCity has good mechanism for controlling the price, we might see another card edition launch soon which should boost up a little bit the economy and maybe also other pleasant surprises. Stay tuned and let's see the results out of this experiment. If you have any hints to improve the economics for my cities or how to speed up the return period, please let me know in the comments.
Join DCity
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https://twitter.com/behiver1/status/1345471307585089542
That is nice to see investing to DCity
A great game and love the passiveness of it. And with 3rd edition cards coming at some point, I think it will rise more.
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Did you pull cards or have bought precise the one you have wanted? Interesting strategy, nevertheless. My main city is at 2555, but I did not focus on income cards for the start. I maxed my research cards to have them at 1000 and in theory to have every 4th day a new tech card. I will fill the tech cards and will sell the double ones for better return.
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I've bought from the market as I am not a fan of random cards even if I could get lucky in some cases. I had in mind to focus on SIM income and that was my target, just that being a consistent investment at once I didn't find them at good prices and I've diversified from my initial plan. Nevertheless, I think I am close enough from where I wanted to be and from now on just to let it play.
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Dcity is really promising but I still earn 1-2 SIM with my primitive city 😅 Watching from outside :I
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This is also a good opportunity to buy SIM with HIVE to invest. Glad to see your city's growth. The tax rate plays an important role to get SIM income. You can reach the break-even a little later or earlier, that depends on tax, and of course, we don't know what would happen and how it will impact everything when the 3rd edition cards come out.
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https://twitter.com/cdilas3081/status/1345569936480075780
i have a similar approach except that instead of weed farms i use brewery for beer. when i started i was thinking is the same token like cryptobrewmaster, but after i mada account there i realized it is not. still, i make an event like every week with Beer token. Maxed research and background mining, i have only 3 more tech to research, after that i focus on increasing sim. i also farm homeless and immigrants i have 2-4 trained per day in workers. you know, the chance for training them, if is 100% you train one, if it is 200% you train two. and sometimes are artists and stuff.
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The game is really a nice one as I just got to sing up yesterday after buying 1ksim and bought a gym
Though I still don't know how to navigate my way around but I'm keen on watching some tutorials soon to get started and know how things work
I'm also open to any opinions and suggestions too
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Could you expand on this please? what is DCity's mechanism for controlling the price?
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First of all is through the taxes which are variable and support the price.
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I have been getting dividends from holding BRO tokens from this project and I have been selling them until last week or so simply because I don't know anything about DCity :)
I will have a better look at it later, reading this post again and deciding if I should keep selling or better start investing in it.. Thanks for this post!
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I never knew you played @dcity! I think with a very close eye on card prices and SIM returns, you can make back the capital in 100 days, however, I haven't gone as far as spreadsheets and the like!.
The taxes are important and the lowest taxes so far have been set by @dpend who had an excellent two terms in my opinion, much better than the present incumbent!
The other thing is, population may be important in the future. A steady HIVE return from an increasing reward pool might outperform the millions of tokens paid out per day and their possible drop in price if only one huge player decided to dump.
Good luck, I will go and check out your city :-)
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