This game was the best investment I made as a investor in the seed round for Peferred and Common stock as well as a frequent player who ended up making 40K ish off of cards that exploaded. Sold all that bought into SPS each week after it was under .25 and am continuing to work toward the 1 million mark for SPS and 20 million SPT plus a large amount of other staking and also BXT tokens to get money from the tribal DEX fees from BXT staking.
Will be starting the SPL Group which will be a investment LLC ran by my self and a co founder. I have played splinterlands since it began and received some pretty sweet things as a shareholder, SPS and SPT holder. As of now my passive income is 40-50K just from splinterlands and if I start playing which I will be doing soon to make more for the fund. I envision this fund as a group of mostly splinterlands players where a requirement is to join via the main accounts referral so we get 5% of all purchases made plus the Unbanked Account needs to be signed up for with are link to get a $10 bonus as well as receive a easy way to send crtypto to a visa card to store in cash, various assets and spend when ready. I will be reaching out for a white label card with SPS, HIVE etc and also create a entity which wuill be a lender to the group and a insurance entity to build up insurance reserves individually by paying a premium if you want.
The fund will have direct investment requirements of completing 4-5 referral bonuses for checking accounts so that we receive 2000 in funds of which 1500 is allocated to the investor 250 allocated to BC 250 allocated to NK. There will be a feeder for small investors doing bonuses of say 50 bucks just onece then they only get 50 as there are more costs as well as additional fees for record keeping and accounting. There will be no additional splits just cost reimbursement and payments to provide services to the fund such as tax preparation etc.
I am working on getting a draft operating agreement and summmary up on the site. Finalizing the number and groups of tokens used and what the processes will be for us to make money to purchase crypto, non crtypto, public stocks, private stock, any asset that we want to hold even collectibles can be bought for less than 100 now. I have had some cards on Rally go up 500% the first trading window. Same with cars you can own peices of lambos etc. Also can get into some feeders for hedge funds an other vert profitable ventures for 500-5000 min instead of millions. We will be investing in all sorts of asset clases that look like they will generate solid cash flow for investors in the fund as well as cap gains.
Once we have performance for a a bit by having on are main page some key stats with a chart of the NAV and performance assuming all distributions are not reinvested in the fund but in the next fund at similar returns and tracks the investment of 1500, 1250, and 1000 showing actual performance and what the value is at after all fees. Same for the feeder.
Once ready we will look to raise private debt from a business lender to add to are roi and eventually the ultimate goal is take it to a 75 million reg a raise which will be used to distribute all old invstors original investment made then purchase a whole bunch of new cash flowing assets with a interest rate or ROI greater than the rate we borrowed at earning a very good ROI and we will start getting into the direct world of investing like buying a entire selft storage facility or farm land, a bunch of digital land that we see a way to monitize. Pretty much possibilities are endless.
We will also grow by closing large private investors before any reg a sale goes on at a lower cost than the larger raise as well as customizable instruments like convertable debt etc. if someone was offering say 500k in financing.
It is prtty much impossible to lose money on this as the banks which I hate but like bc they provide me with bonuses to make extra money which I do all the time. Now I figured out how to start a club using there bank bonuses to fund it lol. If anyone wants to be part of the first ever free investment club and receive equity via bank bonuses so still free. Let me know as I will be starting to finish up the drafts of docs and getting a list together of ppl interested.
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Wow! That is quite impressive! It is awesome to hear stories like this!