SPT- Multiple Income Streams from one Token
I've been playing and writing about Splinterlands for just a short time now and I've learned many things- one of the most recent things I've learned about is SPT Tokens and ways to leverage them into multiple income streams for Splinterlands.
The first way to get SPT is to earn it- by posting on SplinterTalk. 'Likes' on SplinterTalk translate to SPT a week after posting.
The second way to get SPT is through purchasing it- there's a market for SPT on HIVE-Engine. As of this writing an SPT Token was going for about $0.016 (1.6 cents).
Income Streams from Holding (and Staking) SPT
The first income stream, for SPT, is through just holding it. You own SPT and you will start to receive this income. 25% of your total SPT holdings count for Air Drop (AD) points, in Splinterlands.
The second income stream for SPT is through staking it. Once your SPT has been staked, you ore someone you delegate it to, can start earning you more SPT through liking articles on SplinterTalk.
Staking your SPT on Hive-Engine is pretty easy- to the right of the Token you'll see a 'lock' icon. Clicking that will open a pop-up window where you are asked to indicate how much of your SPT you would like to stake. Enter an amount, click stake and you're done.
Expected Income from SPT Tokens
As a financial/data Analyst- I've run some numbers and experimented with with both of these income streams and I believe that SPT is WAY undervalued as an investment.
(For this example I will use 4,000 SPT as a base as it makes all the numbers easier and I will assume that 4,000 SPT Tokens cost $65)
The First Income Stream
4,000 SPT tokens are worth 1,000 AD points.
1,000 AD point gets you about .16 SPS, every day, or about 58.5 SPS over the course of the Air Drops. With the (current) market price of SPS being about $0.3, this is $17.50 you will earn on your 65$ investment- a 27% return!
The Second Income Stream
Having 4,000 SPT tokens, staked, means that (currently) every time those tokens are used to 'Like' an article- 2 more SPT Tokens are generated. One of those tokens goes to the Token Holder (you) and one of those tokens goes to the author of the article that was liked.
Now, you can't just 'Like' infinite articles and generate infinite income! Your account has an 'Energy Bar', just like in Splinterlands. You start with 100% Voting Power and everytime you vote- it goes down by one. That energy supply is also replenished by 25% over the course of each day.
What this means is that over the course of a day, every day, your Tokens could be used to 'Like' 25 posts- earning you 25 SPT (48hrs later) EVERY DAY!
Now, as mentioned earlier- an SPT Token is selling for $0.016 as of this writing. So, 25 SPT= $0.4 which, in turn, means you stand to make around $146/yr on your $65 initial investment into SPT. That, is about a 223% return, when added to the 27% return from the passive income from holding SPT- puts it at a total, possible, return of about 250%- over the course of a year.