How to become a SPS whale
How to become a SPS whale
I would like to do something that people don't do much in the crypto world and it's to look at a long term perspective of the SPS token :-). The Splinterlands governance token SPS is a very interesting asset especially from a tokenomics point of view.
Why I believe in Splinterlands
The game has been around for a long time and it has shown a track record of growing organically and in a well reflected manner. The number of users has grown exponentially over the last few months and this means that a lot of money has flown into the company. Even if there were no packs for sale for quite some time, the team makes a lot of income with the 5% tax on the traded assets in the shop and these assets have skyrocketed. The same applies for assets sold on WAX. Every transaction generates a fee for Splinterlands. Money that flows into their books. I believe that the Splinterlands company makes well enough money to continue development, which is perfect.
With the new Chaos Legion sales, many million dollars could be earned by the company. This is important because this money will allow to build the team of employees and the infrastructure. This will allow more development and more potential income for everybody involved.
With the planned land expansion and the recurring pack sales, there will always be ways to give value to the governance token.
SPS can become an extremely interesting asset
With all the development that is planned on the game, it will be easy for the team to always give new use cases to the SPS token. I can't say if the price will go up or down but I know from a tokenomics point of view, that now is the best moment to accumulate SPS tokens.
I show you in the video why now is the best moment to become a SPS whale...
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Great post, I want to get as much SPS as possible too. Reblogged the post, so many other can read this as well 😁
I believe that now is the best moment to accumulate SPS. Thanks for reblogging!
Thanks for your comment!
Great video as always and awesome insights @achim03!
I'm staking all single shards since they began giving it away. I've seen how I got just a few fractions in the first weeks, to get almost 3 SPS per day, now! That's awesome for just 4 months! I don't know if I ever become an SPS whale. But, getting so much money passively, only to play a game that anyway I was going to play in the first place, it's outstanding! Thank you so much for this great material and well thought videos!
I totally agree with you. It's so nice to get this free money and it's a good strategy to accumulate it because it might generate even more in the future :-). I think that the Splinterlands Team have some juicy plans to bring value to this token :-)
Great explanation @achim03 . Thanks for this. Explains alot
Thanks for stopping by!
I also believe in the game and it was technically free money. So I don't mind staking my SPS and re-investing it back into the ecosystem.
Just wondering, how much SPS would someone need to be considered a whale?
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To define the number of SPS necessary to be considered as a whale, I would set the threshold in an arbitrary way at 0.1% of the total supply. At the moment this would be about 310'000 SPS :-)
That means I am a long way from being a whale. I don't really think I will be buying any SPS so I guess I will have to hope the staking rewards gives me enough SPS.
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I don't think that I'm going to buy either but I want to get as much as possible without having to pay for them lol
How much to become a whale in your opinion?
Where is the line in terms of staked SPS.
It's never easy to define such numbers. I've tried to do it a couple of times for h-e tokens but it wasn't totally satisfactory. I believe that if you own more than 0.1% of the total supply, you could be considered as a whale. This would mean about 310'000 SPS now and about 3'000'000 tokens once the whole supply is minted.
About one month ago, I invested HARD on SPS! I do believe in the long-term profitability and sustaintability of Splinterlands, and I'm sure it'll be a great investment that will pay dividends later on!
With only 10% of the tokens in circulation, I believe that now is the best moment to get more of them. Especially since the biggest reward will come from staking the tokens. Thanks a lot for the curation!
I agree with you. Although there are some ways to produce more SPS than staking currently, but also with risks of IL and more time needed to manage various microtasks. Staking is simple and anyone can do it: claim and stake.
Good parallel with defi. There was a time at the beginning when SPS staking paid 800% APR. But, as in defi, that declined to the APR we have now, around 50%. Our defi experience helped. It helped me anyway.
That's the great thing about this crypto world. The more stuff we try out, the more things we learn and the more potential we discover :-)
Interesting point of view.
Considering that I think that SPS will drop in value in the short term, I would say that it would be even better to wait until the next big dip before buying all you can.
With the end of presale, I think that SPS will hit it's bottom in the next few days/weeks.
I agree that the chances are big that we will see a dip in SPS price once the voucher distribution is over. I've learned however from the past not to understimate one factor and that is the Splinterlands team to provide surprising stuff that makes all predictions wrong :-)
Yes, that is also true and it is one thing that I dislike.
You plan something that is logic and then out of nowhere, bam! hype train coming in.
Definitely, I had my plan to buy land plots when it would be possible to split regions... Well I didn't expect the SPS scheme lol
That would be a nice time for people like me to buy in. I was never fascinated by this Splinterlands of a thing over the last years.
I have been quite taken in by the game and have been playing for 3 years. At the moment it is very profitable :-)
Indeed, it is. I just wished I appreciated it then. Still not lost with my SPS airdrops.
Dont you think that Splinterlands has problem with developers? Just look at sps price and moves from them, for example how did they mamaged with bots just ruining new players gameplay. Ofc I love this game but I think that someone has to open eyes 😔
Bots have been part of the game since day one and the team has always tried to bring in new stuff so that bots don't have an edge in respect to human players. I have been playing this game for 3 years and I'm still looking for any other game that comes with a similar track record and professional approach in the blockchain world :-)
Thanks for your sharing and analysis and it's always a pleasure to watch your videos. I do agree with you and I am glad I started this Splinterlands journey in Sept this year. Am hoping that SPS will become similar to AXS in the future.
It would be great if SPS went into the same direction like AXS. I'm confident that the SL team will know how to bring value to the token.
Hi, I noticed viewing my Splinterlands wallet from BEEswap that I have some unclaimed SPS airdrop. I tried doing that but it's showing errors. Any guide?
The easiest way is to go to Splinterlands and log in with keychain. There is a SPS page and there you can claim your SPS and transfer it to hive-engine. You don't need to have a Splinterlands account to do that!
Thanks very much. I'll do just that to see how it goes. I'd come back should the challenge persist.
Your videos always make me smile Achim. The future is BRIGHT!
I'm very happy to hear that :-)
It is always good to keep the long term perspective in mind when doing any investing. I am not looking to take out my earnings now. I want to be able to retire on them, to I need them to keep growing (like a 401K).
It's the same here I like to reinvest and let things grow over time. The good thing about that is that from time to time one of the assets moons :-)
It's always nice when that happens. It would really be nice if it happened more often.
im very bullish on SPS long term, just started in August this year and im about to break 9k staked SPS in another day or two! I love it!
That's a great amount. Well done. I think that in the future the SPS will become scarcer and it's great to collect as much as possible now.
While I don't see myself becoming a whale any time soon, I'm sharing the same sentiment and stacking up my SPS. I'm not sure what exactly to expect once the presale is done with vouchers. Could be a mistake on my end but I've been selling them after buying my 1 Chaos Legion pack. We'll see how it plays out with vouchers, but I'm closing in to 1k SPS staked and continuing to grow.
I've also sold all my vouchers so far. I think that it will be getting cheaper to buy packs later on.
Thanks for the info @achim03 bro i checked and i had been staking. I had some to claim so i staked that too. Learning a lot from you sir have the best day.
That's cool. Always a nice surprise to discover some hidden assets ;-)
Absolutely it all helps stacking and accumulating as much as i can