Accumulated 115K SPS and Journey to Increase the Stake is On!

The change with the SPS token in the splinterlands game has gone live in the game and we are required to hold a certain number of tokens to be eligible for the multiplier in the game. We need to note that in any case the multiplier will not go below 1X and this way you can earn the basic rewards in the league. This is a good opportunity for those who want to earn a better reward in the game and by holding the SPS tokens they can do it. The range is also quite vast as it provides a limit of 1.2 million tokens which is a bigger amount but by holding this you can earn a significant reward in the splinterlands game.

I believe that this change was required before but now that we have it we should be happy that the sps holding has become a key component in the game. those who have been accumulating SPS must be happy that now their efforts are getting rewarded in the form of enhanced rewards. Battling is the fun activity that many of us do in the game and this also brings an opportunity for us to get rewarded but with the higher SPS token holding this reward can be multiplied.

SPS is a valuable component

SPS is one of the valuable components in the game now after the edition of this use case. Although we had certain use cases in the game already and now this one is bigger and I am sure that because of this we are going to see a significant price rise. Even now we can see how the price is going up but this is just the beginning and the better value of the token will be seen in the game. I have been accumulating the token for a long and I'm very happy with my decision because now I know that it is helping me or better rewards. I have never undervalued this token and because of this reason, I have been accumulating it since the beginning. this was shared in the initial days that the holding for SPS will bring many opportunities down the line for the holders and I have followed the same since the beginning. It is one of the best decisions that I have taken in the game to accumulate a good amount of tokens but this accumulation journey is going to be continued the same way.

SPS Rental market

Now we have got another rental market for SPS which is an additional option in the game. We already had the card rental market and that was doing good. If you are a new player in the game then you can go for the card rental and along with that you can also rent some SPS power that can bring you better rewards in the game. if you are OK with a 1X reward then you can skip this but with a better multiplier, you can also increase your game reward. the card rental market is low these days which means you can get better cards to play in the game however with the additional sps power the rewards can be multiplied.

The SPS rental market is a good option for those who are seeking some delegations or the ones who are not playing in the game but are holding a good SPS in the game account. This is an additional income for them that they can generate for delegating their power to other players and I can see that the demand is increasing day by day. This is just the start and I expect that in the coming days, we are going to see more action in the market because a lot of people must be exploring to enhance their SPS power. there can be one more possible scenario that people are trying to compare the reward after this season end and accordingly they might plan to increase their SPS holding. Two options can be followed to increase the sps holding and this includes buying from the market or going for the rental. in both ways, value is going to be added to the ecosystem because demand is increasing.

My Total SPS Accumulation

I have powered up over 1500 SPS tokens today and after this, I have been able to manage a total of 115K sps. This is a good amount for me and I'm happy to have it however this is something that I'm not stopping here because it is a journey that I want to continue for the long term.

This is my current holding and all the tokens are deposited in my balance because there is no point in keeping the tokens in liquid form. The current apr has dropped a little and it is because a lot of people are trying to accumulate more sps and depositing in the game account. This APR is still very good I think and I am still bullish on the token because it is a valuable asset in the game. This balance is good however I am going to continue the same strategy to build even better holding in the coming months and that is my plan as of now in the game.

As I said that this is not the point where I am going to stop instead I will continue to follow the same strategy of building my sps holding. I buy this token quite frequently and power it up immediately to add more value. I expect that by the end of this year, I should be able to have approximately 200K SPS but the fifty K is the image at point which I want to achieve as soon as possible.

[images are taken from splinterlands]

Thank you

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