Grunts: Grunts are currently managed by our smart contract and your grunts are held in an address that the app controls. The token your earn are recorded on the HIVE blockchain. The function to cash them out from the app to your ETH address will be built in the next major version. So currently the tokens are not transferable but will be soon. We will also look into building bridges to Hive-Engine so that it can be traded on ETH and Hive markets.
Levels. Yes. You will play against pigs of the same level. Levels are determined by experience and every time you win your experience increases, so pig move up in levels over time if they win. A level 1 pig will only play vs a level 1, but there are quite different strengths within a level.
Luck vs Skill: Well I personally believe a game is either luck or skill. Investing in the stock market is skill, even though can get very lucky or unlucky. Piggericks to me is clearly a skill game since you make decision on what to do after the pigs fall. If you play well you should win more often. But there is lots of variance and bad decisions will win some times.
The amount of grunts you win will not go down. It was important to me to design it in a way that you can play it all day if you wanted.
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Here is a link to the strategy article: https://peakd.com/piggericks/@piggericks/piggericks-when-to-toss-and-when-to-bank