The 'VOUCHER' week has been epic :)
If you hold INDEX tokens, you have noticed that every day we've been sending holders VOUCHER tokens and continuing to stack and stake all the SPS that @he-index has been accumulating.
This is a direct result of the DEC that INDEX has in the project and it continues to grow, week after week.
When we first launched INDEX, we were told that holding DEC was silly and unless because it didn't pay dividends and it wouldn't do the project any good. Fast forward to the current situation, it's safe to say it's a good job we bought and held ;)
But that being said, we think it's time to bring something forward to INDEX holders and present an idea that we've been formulating to help maximize the returns that you get for buying INDEX, directly as it results in DEC and SPS.
So....
Growing our SPS has been great. We are approaching 100,000 SPS staked and have been enjoying the daily APR and air drop since day one. This can increase as well, as more DEC is purchased by INDEX when there are buys of the INDEX token, from the account.
Slowly but surely, our DEC has been stacking!
So the goal is to never decrease DEC but increase it and present to holders a way to earn daily DEC payments along with the other dividends that the project pays out.
So how do we do that?
We're thinking it might be a great idea to buy certain assets in the game, and place them on the rental market.
Asset type: Gold Foil Legendary
Source of funding: Daily SPS air drop
Dividend payment: Daily DEC sent to holders of INDEX
A few notes about this proposal as well.
Nothing would be out of pocket at the expense of INDEX, it would be funded by SPS. So our DEC doesn't decrease and could actually increase just like it always does.
We would look at Gold Foil Legendary cards for a few reasons;
1. Resale value - If people hate this game plan after a few months, it is liquid and we can always sell the asset off and give profits back to the holders. GFL's tend to keep their value if not appreciate over time.
2. Rental market - The rental market for GFLs continues to be strong. We would manage the rental and make sure we do our best to keep them rented as much as possible.
3. Rarity - Holding these cards, especially with Chaos Legion coming up adds some clout to the account as these cards are the rarest in the game.
As for which card, we would have to look at the funding and the best ROI for rental potential.
We propose:
Using 50% of the SPS we receive daily to flip it for DEC to add to an 'asset fund' for the purchase of a GFL. We would then stake the other half of the SPS and continue to grow the stake. But currently at market prices, within a week or less we would have ample amounts of funds to look into cheaper options in the GFL market, or hold back and see what comes on the market.
We're asking for:
Feedback on this idea and a vote. If this is a solid plan, let us know and we can begin to prepare for the purchase.
Suggestions on which GFL would be the best to target for INDEX
What you would get:
- Your daily dividends (including VOUCHER of course) but also a percentage of the DEC rental we receive into INDEX every day.
Let us know what you think ;)
=> Oh and if you haven't yet grabbed some INDEX, what are you waiting for....
Vote for our Witness Node (clicktrackprofit) On..
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Seems like a good idea to me. But if we're going to stack Splinterlands assets, why not start with getting a PLOT? If we're going, we might as well go BIG, right? :-)
The other thought that jumped out at me when I read this post was...if you're thinking of renting out GF cards for income, why not offer them to INDEX holders first? Determine a starting price and do a quick daily auction (or some facsimile thereof) to see if anyone wants it. INDEX holders could maybe get a discount to the market by having it delegated from the INDEX account rather than having to rent it and they just transfer DEC to INDEX. Maybe require 100 INDEX? (less? more?) or something to qualify. That said, it would probably require a little more work for you guys on the back-end, especially if you get a dozen of these things. But, you'll have to put in some time getting them rented too so....just a thought.
This is a really good idea! Like, really good lol
I bought six more Index today. I amover 300 with a 1st goal of 500. I like the idea. Looking forward to seeing how it works out
Keep stacking :) Appreciate the feedback and input as well!
You're welcome and thank you, @clicktrackprofit! Happy Saturday!😀
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I vote yes to proposition 738!!!
I think this is a great idea though. It continues to increase the value to INDEX holders, while increasing daily rewards.
:-) proposition 738!!!
what happen to 737 ?
Win win is what the cool kids call it?
Dec reward is a good idea. Holding index is getting more profitable day by day. Great idea and I agree with this.
Appreciate the feedback sir, thanks so much for the input!!
Sounds like a great idea! I do find @dagger212's suggestion to get a plot intriguing also. Might be a way for a poor boy like me to see some partial benefits from SL land at some point in the future. :)
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Yeah for sure, and INDEX would benefit from the air drop points in the short term. Something to think about for sure.
I believe investing in cards and renting them is a perfect match for INDEX!
Let the gaming part for the Guild ;)
I like @dagger212 idea for a plot too! Quite an investment though but would be a nice pump for SPS!
About renting the cards to INDEX holders could be a bit limited while renting out to the public would be easier and probably quicker to get earnings right away and always in automation, so everything flows automagically. Every idea is welcome so we can all get the best profits possible so it is a thing to be considered anyway!
Would it be a variety of cards or focusing on one and getting it maxed? or both?
INDEX to the Moon!! 🚀
Maxxing a card is a whole other discussion, which I'm sure we would have with everyone for sure :)
I am fine with this. I think it will pay off in the long run and I don't see any reason to refuse cheap GFLs.
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Yeah that's our thinking too! Long term for the INDEX and every daily short term for holders.
I agree with the proposal. It sounds like it could be a great investment and provide additional returns to the owners which is always a good thing.
Win Win is how we look at it :)
As I'm not involved in Splinterlands at all I've been cheerfully flipping the VOUCHER tokens for more INDEX.
I like the idea of setting aside 50% of daily SPS for card purchases as it seems to offer more ways to generate revenue without sacrificing liquidity or depleting INDEX's current SPS holdings. So yes, this is a vote in favour. :)
That's the plan for sure, nothing out of pocket and in fact, increases everyone's pocket lol
This is a solid plan. Stocking up on GFL that other players will want to rent is pretty genius. It goes along with selling picks and shovels during the gold rush. Plus everyone pretty much understands how Gold Foil Legendary why they would be a value to any player.
In the past the only way to earn playing video games was to refer people to play. For the person refered their only upside is a little fun. With Splinterlands the upside is a little fun, plus a little income, plus investment opporunities for more income.
I only just started to understand the real value and power of Index this past week. Interestingly enough that is also when I started fgetting into Splinterlands as well.
We're hoping, down the road, INDEX just isn't a little income for people, but a solid passive income source :)
Quite interesting
Yes, its a good idea to buy cards and add dec dividend payouts to the mix.