So I did it, I finally decided that I would buy 100 plots or a tract of land for splinter lands.
A tract is a decent amount of coin to invest and as you can see below its $1700 or $1360 if you pay with BAT
So this isn't my first land purchase, I purchased 8 plots during the second round of land sales, for a price of $12 per plot, so it came to just under $100. But $100 is different to more than $1000, so this is a real vote of confidence I have in the splinterlands team.
How did I buy it?
I decided to take advantage of the BAT offer, and I sent $2000 AUD (approx $1500 USD) to binance, exchanged it all to BAT, and then sent that to my BSC wallet (its cheaper to withdraw to a BEP20 wallet as opposed to an ERC20 one)
I simply just connected my wallet to splinterlands and everything went smooth as expected.
The good thing was, that I had about USD 150 left afterwards, so what did I do? I exchanged it for BNB, and CUB, and then added it to the farming pool, its currently yielding 200%+ so if the land doesn't increase in value there is always the possibility that the CUB and BNB does, so that's a nice little bit of diversification.
So what made me invest more than $1000 on virtual land?
Well the real reason I invested was, I am getting more and more excited about the game as I play it each month, and the developers are known, and have a weekly AMA, they use their real names, so they aren't exactly going to run off with the money. They are also incredibly transparent, I like that in an organisation so keep it up. So I feel comfortable that the dev team will build what they say.
The only thing left is, will it be worth anything? Well, I have been following alienworlds for a little bit, and the TLM price has mooned, but that means that the land where you can mine TLM has mooned even more. The cheapest land is now almost $8,000. I saw land on the second hand market for about $300 not long ago
So I guess I thought hey, splinterlands can do that too, and its possible it might go up even more, if the game keeps increasing in users like it has. The other thing I was thinking about was, well, DEC doesn't really go up in price above $1 per 1000. So maybe land has a ceiling, but the land isn't mining DEC, its mining spells and items, and who knows just how valuable these can be, I am guessing they will be in short supply initially so their land will provide hopefully a nice little income initially.
Lets' hope we don't have to spend too much DEC to get it to produce, I have a feeling there may be more investment required to get the most productive capacity out of the land.
so landholders, lets promote the game
So if you own land, you are really like a shareholder of splinterlands, because the more people the more demand for what land produces, and there is a limited supply of land.
I am starting to think about how can I get new players into the game as a land holder, have you?
.