In this Dcrops update i will begin with what i'm the most excited about. The world live and dies by it, whether its for Food, transportation or even the production of plastics. Oil is critical in every household so i think it not a muse to corner the oil production markets on Dcrops. This began with the purchase of sunflowers, the planting of an Olive tree, and the building of my first 2 Oil Presses. With this I have joined the ranks of oil producers on in the community, which will open the way for recipes to be made because nobody wants a dry sandwich, and who wants burnt pots?
Take a look at my Oil press #2 that will be operational in a day or so. I will be able to grow more Sunflowers and Olives in the future and after I've fulfilled my share of oil demands, I will make oil available on the open market for a reasonable price.
My next major growth point was in the area of CROP holdings. Prior to my last post I was just crossing the 25K Crop power point. I made a decision to be a beast on the Rewards Pool board, and started acquiring CROP on a weekly bases. I have over 150K crop as of this writing but my crop power on updates over a 15 day average. Whats most exciting is the daily rewards that come as a result of moving up in the pool, 12% average APR compounding daily is an amazing return on any investment in life. Not only is this exciting but the fact that my rewards chest increases by 1 with every 15K in crop that I hold is another amazing incentive.
You can see how my rewards chest is climbing, for over a year i only received 10 rewards per season, When i learned about crop holdings as a way to boost my rewards that was an exciting prospect that gives me more incentive to hit my seasonal challenges and achieve my rewards. This is the life blood of the program because it incentivizes players to diversify their farm crops to be more of a contributor to the game. As you can see it worked well on me.
In the next photo I'm delighted to be showing off my new toys, The crafting of Oil, Turnip Pickles, Ginger Pickles, and Ice, these are all special commodities that add value to my portfolio, or at a minimum they are great to burn for shares to contribute to the crop ecosystem health.
This seasons has been one of many good crops that are used for other great products. Wheat for making flour, watermelons, rice, cucumbers who grow all season long, and fill up your coffers with crops. And my precious and very expensive Sunflowers which are the jewels of my garden this season.
Last but not least is my Orchard, I have a tree that grows in almost every season now. I will make sure to harvest my trees once a day as required so i can stock good crops for making products. Especially my oil products.
Well I hope you've enjoyed this installment. I've learned a lot about the growth prospects investing in DCROPS and this is an excellent way to manifest my hive growth this year. I set some scenario goals for myself and i want to share them. Mechanics of Earning in Dcrops:
- Holding Rewards:
- Dcrops offers daily holding rewards based on your ownership of CROP tokens, unopened packs (ALPHA and BETA), and your collection of cards and 3-star quality harvested crops.
- A snapshot is taken each day, and rewards are calculated based on a 15-day average of these holdings, providing you with HIVE tokens from a reward pool. As of the latest data, the APY for holding rewards was 12.77%.
- Resource NFTs:
- For every 15,000 CROP tokens held, you earn one additional Resource NFT every 15 days. These NFTs include various resources like Wood, Stone, Copper Ore, Iron Ore, and Gold Ore, which can be used to expand your farm or sold on the open market for HIVE.
Investment Strategy:
- Initial Investment:
- Let's assume you invest $10,000 in CROP tokens at $0.001 per token, giving you 10,000,000 CROP tokens.
- Yearly Earnings from Holding Rewards:
- With an APY of 12.77%, your initial $10,000 would earn approximately $1,277 in HIVE per year if you do not reinvest.
- Compounding Strategy:
- By converting your daily HIVE rewards back into CROP tokens, you can compound your earnings, increasing your CROP holdings each year. Over three years:
- Year 1: You earn roughly 1,277,000 CROP tokens from reinvesting.
- Year 2: With increased holdings, you earn more.
- Year 3: Continues this trend, leading to a total of 14,342,589 CROP tokens.
- By converting your daily HIVE rewards back into CROP tokens, you can compound your earnings, increasing your CROP holdings each year. Over three years:
- Earning from Resource NFTs:
- Over three years, with the compounding of CROP tokens, you would accumulate approximately:
- 6,078 Wood NFTs at 1.025 HIVE each
- 6,078 Stone NFTs at 0.1 HIVE each
- 3,473 Copper Ore NFTs at 0.11 HIVE each
- 1,389 Iron Ore NFTs at 2.9 HIVE each
- 347 Gold Ore NFTs at 1.35 HIVE each
- These NFTs could be sold or used to further enhance your gameplay, adding to your total HIVE earnings.
- Over three years, with the compounding of CROP tokens, you would accumulate approximately:
Total Returns:
- After three years, your initial $10,000 investment would grow to:
- CROP Tokens Value: $14,342.59 (14,342,589 CROP tokens at $0.001 each)
- NFTs Value in HIVE: 11,716.83 HIVE from selling Resource NFTs
- Converting all to USD at $0.30 per HIVE, this would be $17,857.64, giving you an APR of approximately 26.19% over the 3-year period.
Top that Facebook.
Congrats!🐣