SPS Stake APR 40% and my Long term plans with the Holding
SPS token has been a game-changer in the splinterlands game and after the airdrop start, we have seen a huge growth in the splinterlands ecosystem. SPS airdrop has completed 155 days out of 365 so there are 210 days left to grab the tokens. Currently, SPS token price is less than $0.20 but it has touched the $1 price mark which was its all-time high. The price drop is showing that people are selling tokens and there are more sellers than buyers. Does it mean that people don't believe long-term on this SPS token? It seems SPS is losing the community interest but it can also be a temporary situation.
Now since we are heading towards the general sale so probably many players are cashing out their SPS so that they can buy more Chaos Legion Packs. Although I am not sure however this could be a possible reason because in general sale packs can be purchased with credit only. I think there must be an option to buy through SPS like we earlier had and this will make the purchase easy.
I have a clear and long-term goal with SPS and I keep on staking my tokens every day. Earlier I did sell some SPS tokens to increase my DEC holding so that I could increase daily drop and it was nice to move. Now I hold 900k DEC which is helping me get 135 SPS every day whereas I was getting only 90 SPS in a day.
SPS is a governance token of splinterlands and in any project, governance token carries higher value because of valuable use case and I am sure that soon we will witness the same. The team has already announced that SPS will have a great impact on the ecosystem so its not the time to look for the current price instead its time to increase SPS holding. When something linked with SPS will be announced then people who hold more will be able to get higher benefits.
This is my current SPS holding and I hold 17k SPS tokens and all these are staked in my game account. The current apr is almost 40% and at this rate, I get approx 15 tokens daily which is not bad at all. Although the current value is almost $3200 but in long run, it will not just be more valuable but also bring more benefits for the holders.
Here is the SPS chart and we can see that price has been falling so its the right time to bag more tokens. Its difficult to say if this is the bottom price but its price is down by over 80% so I find it a great deal and I even did buy some tokens. As of now, more SPS stakes bring more voucher tokens, and this way we can get dual benefits. The first is 40% APR on the stake and the second is to get voucher tokens and surely a great deal to hold more SPS.
I am focused on my SPS goal and I am heading towards my 25k SPS stake which I have achieved almost by 66% so I expect in the next 2 months I will be able to have 25k SPS tokens. Official CL pack sale is going on and will end in 15 days but voucher drop will end in 8 days however voucher drop will continue with reduced amount even after the same. There is no end date announced for voucher drop so its certainly an opportunity to accumulate more voucher tokens and purchasing through vouchers will make us eligible for bonuses as well as future airdrops.
Thank you so much
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