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RentMoneys Thoughts On The Purchasable SPS Validator Licenses

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Disclaimer:

I routinely make bad financial decisions. This post does not contain any financial advice. Always do your own research before investing any of your hard earned currencies and always remember the golden rule of investing, Never invest what you can't afford to lose.

SPS Validator Node Overview & License Presale

  • Planned to launch Q4 2022

  • Validator Nodes will run on a Delegated Proof of Stake (DPoS)

  • 3.75M SPS tokens allocated per month to the SPS Validator operators pool

The above screenshot shows the tiered price of the upcoming SPS Node Validator Operators Licenses. As you can see there will be a presale of 2,000 Node Operator Licenses with a price of $1,000 USD worth of SPS and 500 Vouchers per license. From there the Validator Licenses prices will increase after a predetermined amount of Licenses have sold. Vouchers are only required for the presale. After the presale ends Vouchers can be used to help give discounts for purchase. For example in Tranche 1 the price of a Validator Node License will be $3,000 worth of SPS. Those who decide to can use Vouchers to help bring down the overall SPS/USD cost in a ratio that is displayed under the Voucher Discount Rate section. Example, in Tranche 1 the voucher discount rate is $3.00, which means that each voucher token spent will reduce the price by $3.00. Since the maximum discount is 50%, that means that you can spend up to 500 vouchers to reduce the price from $3,000 to $1,500. Purchasing SPS license nodes is just one way to run the SPS node. One can run one pro bono (for free). One could also get voted in as a top Validator from those who engage in the Splinterlands universe. For this post I will be focusing on the paid validator licenses.

RentMoney's Thoughts

I can't help but look at this and wonder if they overpriced the licenses. Not in USD worth but in SPS worth. Currently SPS is just north of $0.12 USD which means it will cost just under 9,000 SPS to cover the $1,000 USD cost. The current USD value of Vouchers is 1.82 (last sold) which means the current cost of 500 Vouchers is $910 USD. Then there is the fee of running the node itself from whatever application you decide to apply to run it. Splinterlands will release details on how to run a SPS Node at a later date. Going back to the SPS price of *9,000 SPS, I look at this as today's price vs. future value I see SPS at. Sure SPS is currently trading at $0.12 USD but that is with no usecases implemented. To me the Future VALUE of SPS is much more than its current $0.12 USD trade worth.

Which brings me to my next thought of it might cost less to purchase a SPS Validator Node License in a later Tranche. Since I believe the SPS price will drastically increase over the next XX amount of months I believe the amount of total SPS needed to purchase an SPS Node could be lower in certain Tranche levels than the SPS needed for purchase in the presale regardless of the USD increase applied after each Tranche sells out. My thought process is based on the cost of assets in cryptocurrency terms and not Fiat. The overall Fiat value will increase as we progress through the multiple Tranche levels but when in cryptocurrency-world I make my decisions on how much cryptocurrency something cost/earns not how much Fiat worth of cryptocurrency something cost or earns. Of course this thought process is mute if SPS shoots up in USD value before SPS Validator Licenses sale date launches. Don't get me wrong, I don't think the presale price is unreasonable but I do think its slightly over priced in SPS terms. All that aside, if I learned anything from my Splinterland venture its this, Its better to have than have not in the Splinterlands universe. So its very likely I'll try and get my hands on at least one license during presale.

SPS Airdrop

The above is just a taste of the usecases planned for SPS. The main governance usecase hasn't been implemented yet and neither has its secondary usecase of purchasing the mini NFT set of playable cards that will be coming in the form of Booster Packs. The SPS airdrop has a total run time of 365 days. Currently we are on day 275/365. That means there is still 90 days of airdrops to he had. If you are hesitant to join I'm here to tell you that you are not late, you are just in time. 90 Days of airdrops is allot more days of airdrops than any other project will give you. Each day you hesitate is a day you miss out on FREE SPS. To be included in the airdrop all one needs to do is hold Splinterland assets. Each asset held will award you airdrop points. The more airdrop points you have the larger the amount of SPS you get dropped each day until the airdrop ends. To learn more about the SPS airdrop Click Here. A screenshot of what assets count towards airdrop points and how much airdrop points each asset is worth can be seen below. Not all Splinterland assets require purchase. My personal favorite way to earn airdrop points is to earn SPT tokens by blogging on the Splintertalk frontend. Each SPT earned and held will award you with 0.25 airdrop points.

What Is Splinterlands?

Splinterlands is a blockchain game built on the Hive Network. The game itself utilizes NFT's for game play. These NFT's can be won in battle and/or purchased from the official Splinterlands marketplace or many other secondary markets. Game play rewards players with cryptocurrency and in game assets. Click here to get started with Splinterlands.

Recent Voucher Trade History

Recent SPS Trade History


Watch A Splinterlands Battle Below

https://steemmonsters.com?p=battle&id=f9525f6dc69433c5f35470817a4c862530cb3300&ref=rentmoney


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