What is a fair price for SPS governance token in Splinterlands?

avatar
Splinterlands blockchain game evolves with the speed of light and the SPS governance token seems to give the rhythm and dictate the velocity of things happening around. The Chaos Legion is around the corner and the presale will soon be launched and with that, we see that the SPS holders will see the first advantage of staking the Splinterlands governance token. After today's AMA which just finished a few hours ago, we already see a price rally for SPS as it gained over 12% in the past hour, around 30% in the past 24 hours, and about 40% in the last 7 days.

image.png

Some would say that this is the hype for the Chaos Legion launch and after that the current price of $0.34 might push back down. But I think that up until now there wasn't a reference for what the SPS cryptocurrency should be valued at as nobody knew exactly what the future reserves for it. The Chaos Legion Set & Presale Info post gave some clarity on from where the SPS value comes, the plans for the future, and the perks of holding it. And truly after reading it I almost rushed to the market to buy some more, only the inflexibility on doing it fast from FIAT stopped me on that.

image.png

A feature that I would like to see in the game and which could come in handy for the new players and simply beginners into the crypto world would be to have an option to buy SPS with Credits. This will ensure that you can do it right in the game without going yourself to exchange, even if behind the scene it might call 3rd party platforms to do that. But would bring tremendous simplicity and simply allow users to fund their Splinterlands account with FIAT and from there to use it to buy besides NFTs also the other game cryptocurrencies like SPS or even DEC. This just crossed my mind and I had to tell it here.

image.png

Now coming back to the question that we are all trying to find an answer to: What is a fair price for SPS governance token in Splinterlands? In order to answer that we need to understand what advantages holding SPS brings to the player/gamer/investor. And Chaos Legion shows us the first use cases for that.

Players will need to spend a new VOUCHER token for each Chaos Legion presale pack they wish to purchase. The vouchers will be awarded to all players who have SPS tokens staked in their in-game account based on the amount staked as a percentage of the total staked across all players in the game.

Chaos Legion card packs will cost $4.00 USD each. Bonus packs will be given out for larger pack purchases in a single transaction. The bonus levels are planned to be as follows:
100 - 499 - 10% additional pack bonus
500 - 1999 - 15% additional pack bonus
2000+ - 20% additional pack bonus
There will be a 10% discount for any presale pack purchases made using the Splintershards (SPS) token.

SPS first utility is ensured through the VOUCHER system for Chaos Legion presale pack purchases, in addition to the 10% discount for purchasing Chaos Legion presale packs with SPS tokens are just some of the first ways that the SPS token, and SPS stake, will be utilized within the Splinterlands game. The Splinterlands team plans to use the same VOUCHER system, or something very similar, for providing early access to limited releases for new items and features and we also plan to provide discounts and other incentives for spending SPS tokens for purchases in many different areas of the game in the future, where appropriate.

image.png

With all these first concrete perks and advantages for SPS governance token, it was normal for the price to rise. And to tell you the truth with the growth of the player base and also the new features that will come to the game I think that the game founders will always seek to strengthen the SPS usability and give it value from everything that they are doing. With this said I think that a price point of $1 is pretty realistic for it. My strategy considering the earned trust will be to ride the SPS airdrop until the end (365 days) and along with that to buy Chaos Legion packs and hold them for the future. I wonder what's your price prediction for SPS...

Come join the good fight in the Splinterlands!

Posted Using LeoFinance Beta



0
0
0.000
14 comments
avatar

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating to @indiaunited. We share 80 % of the curation rewards with the delegators.

Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.

Read our latest announcement post to get more information.

image.png

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

0
0
0.000
avatar

I will say as well that around $1 or a bit over is a pretty realistic price for SPS in the near future, taking in consideration the development of the guilds (as i understand more futures will follow regarding guilds) and land soon (still under development)...

I just need to ask you one question... is there going to be a 10% discount for any presale pack purchases made using the SPS even if i buy a pack or is there that minimum of 100 packs?

0
0
0.000
avatar

You get a 10% additional packs bonus when buying over 100 packs and discounts increase over the other thresholds. The 10% discount when buying with SPS applies regardless of that, you can buy even 1 pack and will get discounted.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Great... all clear now... Thanks a lot for letting me know!

0
0
0.000
avatar

It's a multi million dollar launch that will pretty much sell out. People go nuts for this stuff just take a look at wax and $4 a pack could easily be $20+ later on so from a investment standpoint it wins there. It's going to take some serious huge funds though to get moving on this so start stocking up NOW if you haven't been already. I figured we would see this so I've been buying DEC and SPS in droves over the last 3 weeks. It's not paying off. Know the facts, the info and what's happened before and you can almost always make a solid investment decisions. *Not investment advise lol

0
0
0.000
avatar

I am staking SPS from the first second the airdrop started to get into my account and intend to ride it for the full year. Packs indeed are looking like a good investment considering the past history, so an x5 would be a sweet return.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Awesome job long term vision and not the short sighted!
Just think even the vouchers earned can be sold on the market if you don't want to buy the packs. That's pretty much as passive income as you can get.

0
0
0.000
avatar

I had a feeling value was ultimately going to flow to SPS.

I wish I'd bought more ealier, but at least I bought some when it was 22 cents.

I bought 10K more today. At 27, then 30, and then swapped some DEC for SPS and pooled it - having removed most of my stake from the pool earlier thinking it would such my SPS dry!

If their intention was to slow down purchase, they've done that for me. I've got 40K staked now, that gives me about 400 packs with the vouchers.

I'm loathe to pay other people for vouchers so now I'll probably just buy 500 and then buy lots of 500 over the next few months,

I was planning to buy $10Ks worth asap, but i don't think that's rational anymore, instead I spent some of that money on SPS.

Which is now a firm hold and stake.

Until I think it's reached it's peak, then I'll pool more with DEC.... for more SPS!

0
0
0.000
avatar

Yeah, I was ready to rush in with $10K and buy but I will be holding on to what I've got instead. I am going towards the 15,000 SPS staked and get good airdrops and stake each day so if after 1 year the price would have moved towards $1 then it would be a big hit! Just need more use cases for SPS and to feed more perks to the HODLers, but I think we are on the right path.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I also believe that $1 is a very reasonable goal, probably even while the airdrop is still ongoing.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Hi @behiver I totally agree with your prediction about the future value of SPS tokens because use cases will increase and if (hopefully) new players keep coming the value of all Splinterlands assets will continue to increase ;)
!BEER
!PIZZA

Posted Using LeoFinance Beta

0
0
0.000