Another Hive blockchain game I invested in besides Splinterlands is dCity. I began investing in dCity around late of 2020, right before its in game token SIM took a noise dive in price. I bought the high and plan to hold for a while.
The most recent small pop in SIM prices is likely due to dCity's new introduction to 3rd edition cards and new user interface in the game. I find the new UI a little difficult to use at first but once I get the hand of it I prefer the updates then how it was in the past. There is a lot more data points to see and review with the new UI which gives players more opportunities to determine how best to effectively build and maintain their cities. Yet the SIM price bounce appears to be over now.
Although I have not played in dCity long enough to be profitable there are several ways in the game that I know will help earn me daily hive. I intend to at minimum break even in this game before I decide if I truly will hold on to playing this for many years to come.
In dCity there is a new update in ranking system. As of now population is only parameter counted toward one's ranking. The rankings are updated daily and top 400 earns daily HIves. The higher the ranking the higher the Hives earned. However in the near future new parameters will account toward the ranking. New parameters such as income, education, creativity, and popularity. I am strongest in income rank but decent in popularity and creativity too. I hope those stats will help with my overall ranking once the new updates in ranking system launches.
Another way to earn daily Hives is saving SIM. As I mention earlier I have a decent production of daily income. In dCity the in game token SIM is created daily and has a value to it relative to Hive. Although the value of SIM has lowered over the months, there is a bonus given daily to users who have average stake of SIMs in their Hive wallets.
I am earning about 0.011 Hive daily just for holding and accumulating the daily SIMs that my city produces. I have currently a little over 30K SIM and climbing. I have held onto this many SIM for the past three to four weeks and intend to hold on to them in hopes for SIM prices to rise again. If not at the very least holding on to them will give me a daily income in Hive. In short SIM can be used as a in game currency or hold to earn daily Hive.
dCity may not be giving me a positive ROI currently, but as long as I continue to earn daily Hives I intend to hold on to my city. One aspect of "hodling" that I have found important when it comes to investing is that the asset can generate an income. Assets that automatically generate income can allow us to use the income to either reinvest in the same goods to dollar cost average or to invest it into some other goods.
The daily rewards I earn in dCity is allowing me to slowly gain back my principal. I like to think in the future I can get over my breakeven point in dCity but as of now I have used some of my daily earnings to reinvest into my city and other earnings invested into my Hive Power.
Thanks for reading.
