Crypto Mythbusters - DCity $500 investment status and results after less than one month

over 3 years ago

Less than a month 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. As I have got some question of where the investment stands, even if I didn't pass over one month from the initial buy-in I have still decided to post a status update for all the followers of this experiment.

First of all I love the passiveness of this game and considering that my goal is first to recoup my investment I will not do other in game buying until that happens. This resulted in losing some spots on the ranking and getting less daily HIVE income (from 0.6 to o.4), but that is not changing too much the equation as it doesn't affect too much the time for the overall investment. The additional tokens help also a bit - the WEED tokens are farmed each day and I sell them right away. The ENTRY tokens are gathered and with them I participate in DCity tournaments and snap few HIVE also fro there. Beside this I also have 30% probability of new citizens which I put on the market right away and get some more money in the bank.

Now let's see some stats and where I am standing with the investment return after less than one month.

The current return per day from my total investment of $500 (which means 4400 HIVE) is of 0.76% (compared with 0.84% which was previously after one week). That means that in about 130 days (compared to 120 days after one week) 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. On the other hand even if the HIVE returns are not as expected and have declined lately due to the taxes as HIVE increased in price from $0.11 when I bought in to $0.14 as it is now, from monetary perspective I might recoup the investment much faster in about 85 days.

It depends how we look at the investment and while the monetary value at market price might be recouped earlier I think the ultimate goal would be to get back the entire HIVE amount of 4,400. This would completely prove the myth one way or the other. Still as I invested in the DCity game while the Hive price was low enough we might end up with the investment back and a nice profit on top. And after that happens I can continue to invest a little bit more in the city.

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.

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