Almost 1 year ago, just before Christmas, I told everyone that it was still a good idea to start dCity, and made a guide and a follow up about how to do it - by doing it myself. So I stopped in on the city today to check out the progress - I have been checking in about once per month thoughout the year, so about 11 or 12 times since I wrote the last post in January.
How's it look?
Well it looks pretty good, just like I expected! After the pretty recent popularity update, I had to go through and make some decisions, ending up listing a few buildings for sale like the construction companies and the TV stations. I'm not sure if a few have sold yet or not, but there are still a few on the market that haven't been sold yet.
Now these 14 cards are not included in the estimated value of the city, although I still own them. I think I will leave them hanging for now, and maybe lower the price next month if they are still there. Patience is a virtue!
I went into the dashboard, and discovered our estimated values:
So the 'dump price' for all our NFTs are 730,106 SIM, currently worth 169 HIVE; the buy price for the same NFTs based on the market is 1.5 Million SIM - or 347 HIVE! Remember, we spent ~160.5 HIVE to build our city 1 year ago - so the prices have held up really well even though the price of SIM has fallen about 20% over the last year in HIVE terms.
We also happen to have 112854 SIM on hand, worth just over 26 HIVE at the time of posting.
We are just holding this SIM, as it is producing daily holding rewards. I checked the wallet on peakd and it looks like we are getting 0.021 HIVE daily for holding this amount of SIM, and our SIM Power is going up daily.
We also have 7.4 HIVE liquid in the wallet, that we have earned over the last year. If we include the current SIM as liquid rewards, this means we have liberated 33.5 HIVE so far this year, on an investment of 160.5 HIVE - a 20.8% return - not too shabby!
But our capital base in terms of NFTs has also risen, to calculate let's take the middle value between buys and asks - or 1.115 Million SIM. This amount is worth 258 HIVE right now, or a 60.7% increase over our initial investment.
Combining the two numbers, we get a value that is 181.6% of our initial investment 1 year ago. I am super happy with this, and conclude thus that getting into dCity one year ago was still a viable investment. Does this mean that if you get into dCity right now, at this time, you will do as good as this over the next year? Hard to know.
But I am totally willing to let this city ride another year and see the results. I will leave you all with a message from @gerber, our fearless leader of dCity:
