You know, I know, We all know- that is the path to real returns in this game but the problem is raising the hundreds, nay thousands of dollars to get enough cards to making renting them out worthwhile.
What if I told you that for as little as $1- you could start down the path to riches through being a Cardlord? Well, that's what AXRho's Splinterlands Income and Investing fund (ASII) is designed to do- allow people to be a whale by investing in the ASII Token without spending time managing assets.
I'm a relative noob in the SPL world- I only started playing 7/27/21 but in that short time being involved in Splinterlands I've been Spectacularly successful not only as an investor but also as a Cardlord. I have not only turned a $5K investment in this game into >$20K, but I now also manage ~$20M in assets in other accounts.
The essence of ASII is: Give Token HODLers a stake in an income generating account so that each Token holder ‘owns’ a portion of that account’s assets and receives a proportionate share of its income.
That's right- I will be selling Tokens on Hive-Engine based on the value of the ASII account (ASII-Rentals) and each Token HODLer will receive income, each season, based on how well the account did. I’m doing this so that instead of just managing the largest accounts in Splinterlands, I will run my own Fund- aspiring to become the largest account in Splinterlands.
From my experience, running my own and other's accounts, I can generate >10% returns/season on assets in those accounts (>200% APR). I have also seen >10% growth in asset values in my own accounts (>200% APR). I do this through a combination of methods- the three main ones being:
• Rentals: Buying, combining and renting out undervalued cards.
• Cardflipping: Selling those cards as they become overvalued.
• Yield Farming: Holding, staking and putting into Diesel Pools the earnings from renting out/flipping cards- until I see another opportunity to buy undervalued cards.
How have I done this? Identify good cards early and buy into them at good prices. I bought tons of Mylors for ~$15/each, rented them out for a while at exorbitant rates, then sold them off for ~$75/ea when I saw that the rental rates weren't going to hold up. I've done this multiple times, with multiple different cards. I see a LOT of opportunities with Chaos Legion being released to do the same thing, again (and again and again...)
We will start small- $100K is the first benchmark.
125K ASII Tokens will be issued, of those Tokens:
100K will be used to buy additional assets, issue to investors, and the balance put on Hive-Engine for sale.
10K will be held in the ASII-Rentals account to cover account expenses
15K will be held by me
At the end of each season (post EOS), the total earnings of the ASII-Rentals account will be calculated for that season. Those earnings will then be split:
25% will be held in the account to re-invest and grow the account
75% will be Distributed among the Token Holders
Additionally, after the Distribution of earnings, the Total Asset Value (TAV) of the account will be calculated- whenever the TAV increases by $20K, 20K additional Tokens will be issued.
10K Tokens will be issued to current ASII Token Holders
10K Tokens will be split between: ASII-Rentals, me, and sold on Hive-Engine
Once all of that is done, a review of the season's results will be written up and posted on PeakD (and SPT) detailing earnings, Distributions, TAV and TAV growth.
You can reach me on Discord here: https://discord.gg/b6gDRm4yyT
