For those of you who do not know about @armero or the ARMERO project, it's a 'corporate' dCity account where we work to use our large leverage to get the best returns out of the game, while also supporting the game by playing for the long term and absorbing (potentially) undervalued aspects or pieces of the game.
It has gone through a few phases, originally we accepted sick citizens for minting the 'shares' (ARMERO tokens), and most recently we have closed that mechanism.
But with a recent expose from @gerber, we got a great shout out, as the 'first' dCity corporation! So in some ways, we are famous! But in other ways, we just continue to do what we do in all corners, innovate on the edges, not with 'magic internet money', but with solid work taking advantage of opportunities when we come together to invest 'corporatively' or 'cooperatively'.
So 'behind the scenes', there are a number of assets on the @armero account, which represent 'Net Asset Value' or 'Asset Backed Value' of each ARMERO token. We will get into this, but first, let's talk about the reality of holding the token.
ARMERO token targets a 0.001 HIVE (liquid HIVE, not swap.hive) dividend per token per week, or 0.052 HIVE per year per token. We have managed this very well, and this still allows us to grow the assets on the fund, so we are giving out less money than we earn. As long as dCity remains viable, and we have some evidence that it will for at least a while longer, we can hope that this growth will compound to maintain us in a top producing spot on the leaderboards and at least balance any slow loss in value of the dCity project over time.
If dCity grows in value, we will grow along with it. This is not guarenteed, but with the recent expose by @gerber, we see some evidence of a plan to continue development and even grow the runway of the project into the future of more editions and more mechanisms for play.
So our 'corporate' city is ranked number 1 in the most important statistic in the game, the one which takes in now 63%, which is income (not to be confused with another token, INCOME, which I also manage). This is done through an incredibly large amount of tax rebates through an impressive stack of sick citizens.
This faces particular challenges, as sick citizens have -3 income and -3 popularity each, plus also die easy in a pandemic event. But the profits we are generating (so far), outway the costs of overcoming these challenges, which we do mostly through buying cards of one type or another.
Vaccines, which we buy, do get used up, but other cards, such as restaurants and solar panels, actually increase the value long term of our big corporate city and support the game by sucking up limited edition NFTs towards a good use.
According to the current market, the NFT assets on the @armero account are worth north of 86 million SIM, which is about 15300 HIVE worth of value at the current time. We also have 2450 swap.hive and an equivalent amount in SIM in the pool, plus 8.4 million SIM on hand. Depending on where the price of SIM goes, we will continue to remove from the pool for the next 40+ weeks for our dividends, and continue to accumulate SIM (and SIM Power) on the account.
We are currently ranked 9th for SIM Power, with 21.6 million - this is yielding 4.235 HIVE per day and growing, which is getting close to 30 HIVE per week.
As we slowly remove from the pool (instead of selling SIM), and our SIM accumulate on our account from having the top INCOME in the game, getting ranking rewards (SIM) as well as LP rewards in SIM while they last, we hope this will continue to climb. There might be challenges along the way, one of which may come about during the 4th edition limited release.
But whatever does happen, we can be sure that further development is most likely good for the game and good for our corporate holdings, and we will play the best game we can with great leverage moving forward. We will be prepared to change strategy if necessary, but for now, it seems to be working out very well - playing the long game.
