Splinterlands have experienced numerous bearish and bullish seasons in the past. But despite these ever changing market conditions, there is one key part of Splinterlands' ecosystem that always have hundreds of dollars worth of transactions flowing through it, and that is the card market.
But for one to gain significant gains as a trader, you have to have a significant liquid capital. You will also need to have a ton of patience waiting for the right buyer. There's also the risk of your card not appreciating in value the way you want it to and you will sometimes need to cut your losses.
If you're an individual like me who doesn't have much capital to tie up in the card market, you can still gain advantage of this lucrative ecosystem via SPL Trader.
I've joined SPL Trader not too long ago. Basically, it uses trading bots to do the trades for you. And with their current total profits now at seven thousand dollars, you can tell that their process is working with decent results.
There is a feature where you can list your own assets and let SPL Trade make the trades for you but I haven't really tried that function yet. What I've done is join their DEC investment pool. All you have to do is deposit your desired DEC amount and check it daily for the profits made from trading transactions. They claim that it is risk-free. This is because they cover all losses from trades. In exchange for this, they retain 40% of the profits and the remaining 60% are distributed proportionally to the investors.
I've tried out this DEC pool and entered 1,800 DEC on the 7th of January. Now it has grown to 1,947 DEC which means I've profited by 847 DEC in 20 days or 8.17%. That is a huge profit compared to other traditional investments.
But the daily profits are not constant as there are fluctuating depending on the market conditions. And of course, I have to put a cautionary message here as well.
Not Financial Advice. Always Do Your Own Research.
I am just sharing my personal experiences and not promoting SPL Trader. Always consider the risks involved before entering these kinds of programs. One, you are handing your assets to a third party entity. There is always the risk of losing it. Also, there's a possibility of the markets suddenly experiencing a massive crash and the trading capital may go negative. Technical glitches may happen or the system getting hacked.
But all things considered, I am very impressed with what SPL Trader has done. It made it possible for smaller scale users to also gain profits from the card market while limiting the risks. As for me, in order to further minimize my risks, I am only using funds that I accumulate from various Hive projects.
