Splinterlands statement - The sole purpose in life is to improve the SPS tokenomics
I was listening to the last Splinterlands AMA and one statement remained in the corner of my mind: the sole purpose of the team is to improve the SPS tokenomics. And I think that with the incoming features in the game and outside that might be true. We will have SPS nodes run by users in decentralized mana similar to Gala and every market aspect of the game will imply SPS holdings in order to get discounts or better. For example, the Rift Watchers that will be launched totaling 3M NFT cards will be buyable only with SPS tokens and probably Vouchers. And the big news on that is that all the revenue will go to players' SPS fund and not Splinterlands company, which will mean more earnings for the players.
Having an SPS price of $0.106 for sure is not encouraging, but in such times there are forged big gainers that will thrive in the end. Now is a good time as ever to accumulate more and more SPS for when the new features are released and SPS economy is expected to improve. All we can do a simple action as to claim the airdrop, stake it for around 28% APR and repeat. That's the least, but we could do more. LP incentivization is great and we can earn some more from that side as well. Besides this buying when the price is low is also a good option and will fill up our bags in no time.
While I was scared by the SPS supply of 3 Billion, I think that it might not be so worst in the end. Why? Because that would translate to having just 3,000 Millionaires from the 400,000 daily prayers. Taking all this into account I think that the SPS tokenomy was well sized in the end. And besides this, we need just one big event to boost this entire game. What if Binance decided to launch SPS tomorrow? That will be crazy and the price will for sure skyrocket.
These times are the ones that are forging winners and those that keep calm and on accumulating will be rewarded in the end. My strategy was not to see any SPS and I have succeeded that so far as my overall goal is to reach 100,000 SPS tokens by airdrop's end. It is not easy, but we have many opportunities along the way so it is up to us how high we want to aim and get there!
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I was thinking the same as you, I feel the SPS economy will need to improve, I'm scared myself about the supply, but surely, I'm holding the little I'm getting.
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Sps needs tokenomics function better. I have accumulate sps when I can. But it is low value, something like $0.10 that's is surely worth buying. I can see the sps bullish once there is more use case for it !
I'm long on Splinterlands mate! Nice article bro!
Have a wonderful weekend!
Good point. I think SPS is still a "new" thing and it has room for improvement. Good to see that the team is looking into it. I don't have a huge stake in Splinterlands but it sure won't hurt if SPS moons!
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I have invested in SPS for the first time a few weeks ago. Splinterlands is a franchise like Lord of Rings or Star Wars in my mind. The key of Splinterlands universe is the governance token, SPS. The player statistics are solid, the second or third games change, Splinterlands is always the leader.
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I share similar thoughts. By July, I speculate that the price of both SPS and the VOUCHER will start to pick up in anticipation of the release of Riftwatchers. I expect this to happen even around the last week of June.
I think such supply anticipates long-term growth and expansion of the project.
That would be great!
That's an impressive goal! Divide that number by 10, that's my goal.
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my goal is to see sps go to > $1 !!!
#spt
Don't forget that right now there is a lot of "inflation" for SPS as the airdrops and yield rates release a large amount of SPS into the market every day. However, once the airdrops are reduced to the range for years 2-5, there will be much less liquidity in the system, so that should be an easy driver to increase demand. It is understandably difficult for the price to raise when so much more of the token is released, but I am sure the tokenomics will be improved greatly once the airdrops taper off.
I just hit my 240K SPS Goal! and 1.5 million SPT but want to get it to 20 million and SPS to 1-2 million. I hope both get revenue to bc I own Preferred Stock , Common Stock so I get to reap both sides bc I got lucky bought to much cards one day and bumped into Matt in the discord to solve it and after I asked if I could get in and I looked at the plan and just said yes lol. The stuff they have coming out now is sweet. I got lucky with the SPS I figured once I was issued my first chuck of SPS from the private sale it would be pumped up a bit and dumped as the next round which had a lock up was sold off plus the market cooled a bit. I ended up selling half at .6-.9 buying since .25 to now and getting about 20 bucks a day in SPS, 15 -16 vouchers so 35 plus add in the air drop of 8 bucks as well as LP positions 20 a day. Then I get the rest of the SPS over 5 years I believe another 100K SPS and that first distribution returned my initial investment X3 and I still own it probably the best position to be in right now. I did pump prob 15K into packs but now I am ready to play and likely will be able to get to high gold or more now. I also cashed out all my beta cards for like 30 K at highs lol. Only thing I fucked up on is land I missed the sale was ready with 5 K-10K to buy land lol and it was a massive return. Bought the Waka Card because I think it will be a good bet over the next 1-2 years. If not I can wait until it is. I feel like this game will make all of us very wealthy if you have enough. If SPS just on say the new announcements goes back to .9 I make like 200K plus my share value increase. I think they are worth over 100K now but you never know until you have a sale or get income. Feeling lucky though I had 5 start ups list on the NYSE or Nasdaq and one coming up this year lol know clue how I got that but we will see. Then I invested in a bunch of the equity crowdfunding seed rounds and those are up 5-50X except like 5 that failed. That's part of start up investing. All I know is about a 1/5 of my assets are in Splinterlands right now and I am not nervous at all what's the worst that happens I lose it. It would suck ass but I highly doubt these guys will lose in my opinion. They take care of the ppl that support them, I have zero to complain about with my investments here.
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