My City Overview
Starter City Investment Experiment
I started this city based off some great posts from ecoinstant. After starting dCity and feeling like I could never earn any income given the prices and tax rate, I decided to give a shot of creating a low cost Citizen Mining to drive income. Here is the city I built that gave me the best chance (30%) to get a new citizen daily, and a 1% chance for a background.
Here is my initial investment 87 Cards, 15,174 SIM
Not too bad , just over 15k SIM to give me a pretty solid chance at getting a few citizens a week. Given the prices of citizens, there is a high probability I can sell them and generate a good ROI.
- New Citizen Chance 30%
- Background Animation 1%
- Tech 1%
Lets take a look at actual results as of 2/4/22
Lifetime NFT'S Minted - 43
Citizens Cards Minted
- Homeless - 18
- Immigrants - 14
- Student - 10
Animation & Backgrounds
- Mountains -1
Looking at the actual ROI from Sales
That is looking pretty good. I am running at a 149% ROI 98 days into the project, now I will say that students have really helped push me up a little higher than in prior updates. While I don't like selling them, to keep this experiment true I will keep selling everything. I have generated an income of 6108.5 SIM in. That is a lot higher income vs what my daily income is brining in. If you are struggling to find a way to grow, mine citizens, sell them and reinvest into growing your city. At this rate I will have close to 8k SIM and can soon also make staking rewards.
Is it still profitable? Have prices changed since I started and now my numbers misrepresent the opportunity?
This is always been a question I have when I read these... if they are 2,6,12 months old, prices move so much the claims are no longer valid. I updated my cost basis to the market prices as of today. As you can see the price have increased significantly . Even with the new prices, the actual ROI would be 83.43% and forecasted ROI 92.12%
Even with higher prices, it still represents an oppertunity to have a 92% ROI. Sure its not crazy crazy DeFI returns, but it is NFT gaming returns, and as you grow you city, you also have the oppertunity to get card price appreciation. There are plenty of opportunities to find that niche in dCity and grow you city.
Please share this with anyone you think would benefit from understanding there are other ways to make money in the game other than just Income and taxes!!!
