Max Your SPS While You Can!

in LeoFinance10 days ago

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Max Your SPS While You Can!

For those that don't know SPS is the Splinterlands governance token and with it holds a ton of value. With just 246 days left in the airdrop it's going to increasingly get harder and harder to get those airdrops so play it up now and play it smart!

*This article is for entertainment purposes only and is not investment advice. Do your own research and take responsibility for your own actions.

There's a double edge sword right now with SPS and without information from the team it's a total hit or miss at this point. Below I'll go over each.

Why SPS Will Be Harder To Get

With the release of Chaos packs an increase in point value is hitting the SPS airdrop. That's 300 points per pack. However the cost of these packs if often offset by the DEC being sold. This at the moment seems to be holding the price rather steady even though DEC and SPS are being used to buy packs like crazy.

In just two weeks however (December 8th) Chaos packs can be opened and with it most likely a higher value then 300 per pack as the burn rate for these opened packs and cards will hit. That's not all another 2 million packs will be sold over a one month period of time in December. I expect these to go rather quickly and because of that even more points hitting the air drop pool.

After this second voucher airdrop and pack opening of 2 million January 2022 so far sounds like the remaining 12 million packs will all be up for grabs. This is quickly going to pump the amount of points that are available for air drop of SPS for the remaining 180 days or so.

Why SPS Might Not Be Harder To Get

Nearly half of the SPS that goes out to players is still locked up and not being released. If you look at the SPS whitepaper here > https://sps.splinterlands.com/rewards

Right now we are earning SPS from the following on that list

  • SPS Staking Rewards - 7.5 million
  • LP Incentives - 7.5 million
  • Tournament Prizes - 2.5 million
    Total: 17.5 million

We are not earning them yet from

  • Ranked Battles - 7.5 million
  • Land Expansion - 6.25 million
  • Oracle Rewards - 3.75 million
  • Guild Brawls - 2.5 million
    Total: 20 million

If all of these happen to open up within the next 1-3 months we will see a huge spike in new SPS being rewarded to players. This in a way will make it much easier to get SPS from many new ways just by playing the game. This opens up this section to many new players who will most likely be taking a very active role in the game come December and early 2022 as new packs drop quickly and more people start opening them and playing.

This opening of new packs will spark a frenzy of social media posts and more hype around the project which means more people playing and more SPS divided up to those players.

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Ill be adding to my SPS stake soon and advising my friends to start cost averaging in around these levels, price is beginning to get quite interesting here!

!PIZZA

I honestly figured 300 points per pack was about the average they'd be worth when opened. Most packs will have the customary 4 commons and a rare which is only 40 points. If you throw a common gold in the mix the pack becomes worth 160. I know there will be a few higher level cards and even a few gold legendaries worth (I think) 12,500 but I would be surprised to find out the numbers really moved up from the 300 on average per pack.

Also, I think once the presale ends they are stopping the 10% discount when using SPS so most of the 13 million packs will probably go for 400ish DEC if prices stay where they are. Say 25% go for credits/sps and not a whole lot in the equation changes.

Anyway, I don't know what I'm talking about most of the time but that's how I figured it would work out.
Thanks for the alternate view.

!PIZZA
!PGM

Sent 0.1 PGM tokens to @imno, @bitcoinflood

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Buy and stake 100 PGM token to send 0.1 PGM three times per day,
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1000 to send and receive 0.1 PGM ten times per day

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Staking SPS will reflect also on the new ways to earn more like the ranked battles. So I will be staking SPS at least until the entire airdrop is complete, 1 full year!

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PIZZA! PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
imno tipped bitcoinflood (x1)
@forsakensushi(10/10) tipped @bitcoinflood (x1)

You can now send $PIZZA tips in Discord via tip.cc!

Well, I rather not take any chances and stake as much as I can for the moment! It's not much but I'm slowly building my way up

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I guess, everyone has to figure out for themselves, whether it's a good idea to buy now as much as possible, or wait for a drop.
My "strategy" will consist of hodling and staking every SPS I have and trade a few token along the way on the Hive-Engine for cheap, when the market bottoms. You can place your orders at a price, where you feel comfortable to buy and often get a bargain. You also can try swing trading, but that is not for everyone and as always not financial advice :o).

In my bullish SL/SPS scenario, SPS will be one of the biggest gainers in the coming years will make millionaires.

I agree, SPS will be a lot harder to earn with the greater number of people that will be joining the game in the coming months. Granted there will be additional ways to earn SPS but I believe there will be a greater numbers of players than there is SPS rewarded so the price of SPS may increase.