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SPS - SELL or STAKE? here's what I think

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@mango-juice
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Good morning Splinterlands lovers!

I hope you all are enjoying the day!


Well, it's been 7 days since the SPS airdrop got started and i am getting a sweet amount of sps every day. Today, from 2nd august, the staking of sps is enabled and the rewards can be seen increasing instant if you have a decent amount of sps staked in game.

If you are getting sps and selling asap on market maybe you want to think again about it. SPS token may be new and no application so far released about it but if you read the whitepaper, you will know much more important facts just like I did.

A total of 30 million SPS tokens, which is 13.33% of the entire SPS supply will be airdropped to players and hodlers based on asset and other ratings. Almost every splinterlands assets including cards, packs, champ ratings, land, totems, skins etc are eligible to get sps as airdrop. A more clear view can be get by following the snapshot below.



Just a couple of hours ago, splinterlands have launched the in-game sps token staking system with a lucrative APR (until it gets overloaded) and after selling a few, I have staked around 1265 SPS. I will stake more day after day and after I pay my loan, I am thinking to buy more sps from market and stake them as well.

But why? While for most of the other airdrops, after getting the tokens, we just dump them off for whatever we get right? So why this is so special? Let me explain it in a simple way..

  • The main goal of SPS token is to participate in governance. Its not about free money, its about power. You will get authority to vote for any upcoming in-game governance proposals. And That's Serious to me.

  • From now on, every offer and promotion offered by official Splinterlands will either require a certain amount of SPS tokens to be staked in order to participate. You hold SPS, more doors will open for you in splinterlands in near future.

  • You may get certain bonuses or perks just for staking SPS in future.

  • In future airdrops, depends on the sps stakes, players will get more chances of getting airdropped cards and also more chances of getting gold cards.

  • Splinterlands will run offers and promotions that will require sps staked to encourage sps holding.

  • In future, certain tournament entries will require sps staking as a must.

So basically, if you are well aware with the splinterlands universe, you can get a very clear idea what sps will worth in future. And the current sudden dip may blur it's true price at the moment, but very likely it will rise in the future. For many, it will be a good a good source of earning so I am all in for SPS, what about you?


Thank you for reading.

Please let me know your feelings in the comments below.

Stay well and keep playing Splinterlands.

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