SPS Trading Campaign in Crypto.com - Chance to earn additional reward through Trading
SPS is the governance token of splinterlands and I am quite bullish about this because of various reasons. It's not that I am getting this token daily for free as part of airdrop instead I have gone through the white paper and roadmap which shows the clear path. SPS token is called Splintershards and since it's a governance token so there will be many more benefits but as of now since the price is low so I believe that it's a great opportunity to buy as much as possible. I have been doing the same since and I use hive-engine to buy the tokens and move them to a game account so that I can earn decent apr on the stake. Now the airdrop is left for less than 100 days but I have been accumulating the tokens since the beginning. I had a clear goal from the day and I am trying my best to reach my 50k goal as soon as possible.
Crypto.com has listed SPS on its platform and also started a trading battle which will continue for 12 days starting from 27th April 2022 and will run until 11 May. Just after the launch this price has increased by 15% and even trading volume is growing in the exchange. Here is the chart which is showing the price spike and it's expected that this will grow even more because the competition has just started. There is a prize pool of $100k worth of SPS and this is such a huge amount. I have registered myself and I will also try my luck if I get a chance to earn something from the campaign and reward pool.
This campaign is for new users and existing users both and I am an existing user so I am trying my luck and efforts to see how much I will be able to earn. SPS wallet is also enabled in the exchange through BEP20 so there will not be transaction fees like we see with the Ethereum network and this is another part that is very good for the SPS community.
Splinterlands is a leading blockchain-based NFT game and I have been playing the game for over 2 years. This is not the only play-to-earn game but it's certainly leading the list of games with the SPS airdrop things have grown significantly. Everything was grown including the card price and tokens and even SPS has touched ATH price of $1. Its lowest price was $0.10 which is like 90% down but now the price has started growing again.
With the listing in crypto.com, I expect that this will attract more investors which is good because this is going to push the price higher and this is what we all expect from whoever is holding the tokens. We can't deny the fact that token dump is also happening because of the ongoing airdrop and not everyone has the long-term mindset to increase the stake and HODL.
The future for the SPS token is bright because of certain reasons-
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Once the airdrop period is over then free token distribution will end and then the price is likely to increase. This period is left for about 3 months only and thereafter week hands will go out because there will be no free money ever.
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Airdrop end will reduce the selling pressure which will anyways push the price high but the upcoming use case of the token will also play a vital role in its growth. The team has bigger plans for SPS including the rift-watcher packs, making it part of the reward pool, a must requirement in future promotions and much more to be announced in the future.
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As of now the token is listed in very few exchanges and this will grow over time so this is going to bring more value to the token economy and, I expect that $1 SPS is not a big thing. It may go even more but at least $1 is something that I see happening soon.
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My goal is to have at least 50k SPS stake and I have achieved almost 70% of it for the remaining also I am trying to achieve it within the airdrop period so that I don't need to buy in a high price.
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I am not sure about the Binance listing for the SPS however it's in the plan so once it will happen then it will be interesting to see how the price will shoot up because it will grow more exposure through the leading global crypto exchange.
If you are not registered on crypto.com then you can use my link to register and this way you will earn a joining reward by the exchange.
https://crypto.com/exch/2ryhg872ge
Thank you.
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