Yesterday, I talked about my current strategy for RisingStar. I thought I'd sort of do the same for dCity. You'll see why "sort of" soon enough...
For those who don't know the game, dCity is a city simulator on Hive, which has been around probably longer than RisingStar.
Its history is not all rosy. Early game adopters enjoyed exceptional returns for the first year or so. I was not one of them.
Those who came later - like me and others I know - may not be very happy with the outcome, because the game economy soon started to get into trouble and needed adjustments, so we started to see huge taxes, culminating with levels of over 100%, including today.
That doesn't mean there aren't ways to earn with dCity. In fact, it has easy passive ways to do so.
But the gameplay itself is complex and any strategy needs to be revised from time to time (including by restructuring the assets you hold - a rental market would really help!), or you won't be competitive.
I don't think I am very competitive at the game, because for example I still have lots of income-producing cards, although the tax is 100+%.
At the same time, the population keeps growing (slowly). That's a good thing because I need more.
I have a good education level, so I make some tech discoveries every once in a while. Sometimes I sell these NFTs, although with the newest update of the game technologies are needed (I need to re-read to see what for).
Sometimes I get a little bit of SIM for my war shares, but I don't have many.
But what I like the most is the passive way to earn. And that's from the SWAP.HIVE:SIM diesel pool.
Now, I'm a small fish in this pool, but I consistently add to it. So, it has 26.7% APR diesel rewards + 7.6% APR BXT rewards + swapping fees. And one of the rewarded tokens is SIM, so I can compound it. That's quite well. I actually contribute to the swapping fees, since I usually add to the pool asymmetrically (I exchange half of SIM to SWAP.HIVE and then add the liquidity).
And that's not all. The same SIM I hold in the diesel pool counts for the SIM Power, and that increases the voting power, but especially, it gives me a small share of the HIVE rewards daily.
Are you playing dCity? Do share some advice, if you'd like to.
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Once you hit 8K SIM POWER, you'll also be able to add 52% (on the SIM side of your SWAP.HIVE:SIM LP):
SIM Holding Rewards are paid out daily, in liquid HIVE.
One of the coolest things about this particular LP is that when the price of SIM goes down, impermanent loss means the SIM side of your position gets bigger.
Meaning your SIM POWER increases and thus your SIM holding rewards, paid in HIVE, increase too!
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Yep, I mentioned the HIVE rewards too. Didn't look at how much their APR was though. That's nice!
Didn't think that if SIM price goes down, HIVE rewards go up. Although, have you checked that? Because if everyone keeps their ratio in the pool and with HIVE pool rewards being the same (probably), the distributed HIVE rewards are the same for every participant, proportionally with their contribution. Unless some are taking out their share of the pool.
So in the pool you get your normal hive returns plus the pool return!!?
Yep!
i need to put my SIM to work then! !
I started with dCity from the ealy days, but in the last year I was a bit of lost. Best thing to happen to me now would be to find a bulk buyer for all my assets, maybe one interested to get some of the first editions NFTs, and optimize for profit.
I get it. I don't have a clear strategy there either. Is it still ok to optimize for profit with such a high tax?
Yeah, I'm a big fan of the Sim Power holding rewards. I recently went out and bought a bunch of SIM to take my Sim Power over 1M. They are about to start a 100 days of giveaways for people with 1M+ SIM Power with a bunch of Chaos Legion packs being given away and then a grand prize of a 2bcx goldfoil Yodin Zaku worth around $13,000 right now.
I was fortunate in that I decided to jump my creativity and education above the highest threshold right before they discontinued the 2nd set of cards so I've been able to farm some tech and background cards. Plus, it pays even more HIVE in ranking rewards. I'm collecting a couple HIVE each day passively which I'm very happy about. Who knows, someday 3 HIVE a day could be worth $10, $20, or even more every single day. That's the dream. Until then, the creators continue to add to the game so I think it will likely have some long-term staying power and can continue to be a moneymaker for years to come.
As someone else said, it's not a game you need to spend a lot of timing monitoring. You can just check in now and then and make some tweaks and continue to slowly let it build.
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Nice! I'm not part of the SIM Club, and I don't think I want to push for that until I secure my HP goal this year (if I do). I might change my mind though, because of the ongoing HIVE rewards.
I had a month or two of just building my city. I built it to a population of around 1000 and I'm letting it tip away now. Buying a police station here or there to keep crime down and just keep my eye on market in case anyone decides to sell cheap. It's one of those games where you do not have to watch it every day. Just check in from time to time which suits me. My sim is growing and I get Hive returns passively which is more that what can be said for most other games. I'm gonna stick with this one and see what comes around the corner. The idea is excellent. A few tweaks may get it going.
Yep, at 1000 pop, you have a decent city already. Keep at it. Currently, I need more population. I have a few cards on the market because I don't have enough workforce.
Interesting stuff, Adrian.
I need you to write a post about these diesel or liquidity pools. I do not understand them at all, and it seems like I might be missing out on an investor's point.
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Maybe I'll write a guide soon. Seems many are avoiding them because they seem kind of scary.
It is human nature to fear things you do not understand.
Help us with our fear, Adrian, 😅
Probably next week, I might be able to write such a post.
I haven't really bothered with DCity much. I do have a small city but after my citizen mining went broken, I kind of gave up the main game. I should probably sell off those cards and put that into the SIM pool to get holding rewards.
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Maybe... If your city doesn't produce any rewards and you don't want to keep growing it, maybe that's an idea. It's completely passive, apart from compounding (because you get SIM rewards too). Once you have 8k SIM in the pool (on a 30-day average) you get a share of the HIVE rewards too.
What is that old saying, "if it is good for Rising Star, it must be good for dcity."? I think that is it. Thanks for sharing.
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Never heard that saying. ;)