Thanks for the detailed explanation.
Can you give some guide as to how much we would likely need to invest to get started and what the likely returns are?
Also, is splitting the rewards straightforward? I don't find Metamask very easy to get around. 😊
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The prices right now are really high, it's at least 0.12 ETH (~260 USD) per Axie. So you need that amount three times. You can also buy two Axies and breed your third, but that will also cost you at least 100 USD + fees for the third Axie (and also takes 5 days). So I'd say the absolut minimum is probably something like 600 - 700 USD for one team.
On the other hand the ROI is insanely high. My scholars are earning at least 1500 SLP in two weeks, which is (with current prices) 285 USD. So you can probably get your investment back in a little bit more than two months and then you still own your Axies of course.
Yes pretty much. You do that using Ronin Walle. First you claim your SLP on the marketplace page.
And then you just transfer them to the address of your scholar.
Thanks for the extra information. That's a bit too much for me to risk I think as I don't know anything about it other than people have made a lot of money with it.
Someone offered to set me up with some scholars last year and I declined as I didn't feel I had the time to work out how to manage them. If only I'd had your post then I'd be quids in now. 😂
I think this will be one of those opportunities I sadly missed.
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Yeah honestly I wouldn't risk getting into the game right now either. I only set up those scholarship because I bought a couple of Axies some months ago when they were a little bit cheaper :D.
Right now I'm taking what I earn and breed Axies with it, but soon plan to also cash some out haha
sounds like a good idea. 😁
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