New One Year-Long Airdrop Starting in 4 Days
How do you remember the SPS airdrop period? Was it a great thing for Splinterlands or not?
I believe it was great, with one bad side to it. The shortcomings of DEC as a relatively stable token were revealed and it became clear the rewards structure needed to be changed radically if DEC were to get close to the shop value and stay close to it.
The SPS airdrop had two phases, in reality.
The first phase is the pre-Chaos Legion edition presale phase when everything was hyped, fueled by the final pushes of the bull market and by the lacking offer to meet the skyrocketing demand.
The second phase was after the Chaos Legion presale started. Then, the composition of airdrop points changed significantly, and the price of older assets started to decline alongside the price of SPS, as more CL packs were purchased. That moment almost coincided with the beginning of the bear market (although at the time few believed the bear market had come and were still expecting new ATHs).
So, in the end, it's still about timing and cycles. But right now, during a harsh bear market, it's hard to see beyond the falling prices and growing inflation.
I wonder when is the best time to tweak a crypto project tokenomics? During a bear market, the demand is lower due to market conditions. If inflation is tweaked to levels that are sustainable during the bear market, will the project scale well during the bull market?
If on the other hand, inflation is tweaked during a bull market, when demand is incredible, can the project sustain itself during the bear market, when demand plummets?
Personally, I believe people's actions are highly influenced by the long bear market we are experiencing. And we will likely see more of that. And the longer it goes, the harder it will be to bear. But on the other side of this winter (both literally and figuratively), should be another bull market, so keep that in your mind.
On Tuesday, the GLX airdrop for SPS stakeholders begins. It will also last a year, with daily snapshots, like the SPS airdrop.
Unlike the SPS airdrop, the GLX airdrop starts during the bear market. Maybe, but with a low probability, it will end at the beginning of a bull market. So the cycles would be the opposite of what happened for the SPS airdrop.
The airdrop will happen on the GLG platform. If you have one account holding the SPS stake, it helps if you register it on GLG and associate it with your Hive Keychain.
From my understanding, staking will be possible for the GLX token from the start, but rewards for staking only last 12 months, same as the airdrop. We'll know more in 4 days.
I haven't bought any GLG packs in the presale, nor do I intend to. The airdrop is an ok starting point for me on GLS. I will probably be interested in passive defi elements like the future HIVE/GLX liquidity pool.
P.S.: From a few comments I received, it became clear to me I need to make this update: You need SPS staked on your Splinterlands account(s) to be eligible for the GLX airdrop. Your share of the airdrop will be proportional to the ratio of your SPS stake compared to the total SPS staked in-game.
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wait what? How did I not know this?! Thanks for pointing it out. SO how do I claim the drop?
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You hold SPS staked. And GLX will be airdropped to you on GLG/GLS, in the account linked to your Splinterlands account where you have SPS staked.
Don't worry, this is a year-long thing.
ya, you are right! I guess I was just surprised as this wasn't on my radar at all, although I basically watch all of the town halls
Do you know if there will be GLX trading pairs on hive-engine?
Not sure. But at least they intend to have a HIVE/GLX liquidity pool. If that'll be on HE or internally on GLS, I don't know.
okay, then I am pretty sure that it will be on HE
By the way, I seem to be missing out on info about this. Where did you hear about all of this?
From this week's town hall and this announcement:
👍👍
Oops, looks like I said Monday in my post. It starts on Tuesday.
also when I try to log into the gls site with keychain it says that my account was not found
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You need to register it first.
I picked up a few packs (which we'll be able to open in Feburary) and am buying SPS as fast as I can. I have a feeling this is going to be a slow burn and grow over time just as Splinterlands did. Hang on! :)
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We'll see. I'm not particularly interested in the GLG game. Maybe in future games on the GLS platform, we'll see.
@tipu curate
Thanks for the share!
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You're welcome.
The ecosystem created by Splinterlands is a must-have in the bull market. These are my thoughts. I think that's why the price of SPS does not fall all the lower, because it sells a lot. Bots, licenses and the like are large volumes.
It's certainly the biggest business on Hive, by far. And big money has entered the Splinterlands ecosystem, despite the bear market, or the fact it's not on Ethereum (for good reason) where the huge money bags are.
Does the SPS staking in Splinterlands qualify?
That's the only one that qualifies for the GLX airdrop. Your stake in Splinterlands. There will be other rewards, but the airdrop is for SPS stakeholders in Splinterlands.
Do you just sign in with HIVE to get the airdrop?
You get the airdrop no matter what. But if you register to GLG and link your Hive account where you have SPS staked (in Splinterlands), you will be able to see and claim the airdrop rewards.
Thank you, @gadrian! All signed up and validated with my keychain. Don't want to miss those air drops. :-)
!ALIVE
!CTP
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@gadrian! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @lisamgentile1961. (3/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
Good Morning and Thank you, @youarealive! Enjoy your day.😀
You need SPS staked in Splinterlands for this airdrop. Do you have that?
Yes, I have some. Not a huge amount, but hopefully enough to get the airdrop. Thanks again, @gadrian😀
Enjoy your day! 😀
Ok, great. Make sure they are staked in the game if you want the airdrop.
Oh yeah, That is all I do with them. Thanks again, @gadrian! Have a great day.😀
Excellent information once again, Adrian.
I will get my account set up.
!CTP
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You need SPS staked in Splinterlands to receive this airdrop, John. I'm not sure if you do, and I don't think I made myself clear on the post, something I need to rectify.
I do have my SPS staked in Slinterlands.
Thanks for checking, Adrian. I appreciate it.
!CTP
Ok, that's great John!
Thankis for the valuable information. I am always learning from you.
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You're welcome, Bob! I'm glad I still provide valuable information.
As I have pulled out most of my SPS tokens from the game and put them into the diesel pool, I will closely be checking the APRs on all platforms... airdrop APR, GLX staking, and price development... I suppose that GLX staking will have a juicy APR, but it will be interesting to see if it will follow the price development...
Interesting. You've chosen to go all-in into the diesel pools for now, and I don't blame you. At the moment this is the most profitable option. I think the early days of the GLX airdrop should be interesting. It's important what markets they'll have for them. The staking APR will definitely be astronomical at first.
It will be for sure... But, will that be for a day? a week, or more?
Anyways, it will be easy to switch from pools to staking... the problem is another way around... The 3rd scenario is just to wait a few months, collect HIVE (or SPS), and then exchange to GLX when the price goes down... Which will probably happen, but who knows... :)
Yes, I'll probably abstain from staking/compounding when the APR will be high. It will probably be more profitable to keep it in a stablecoin or another option that will be available and buy it back later. But we still don't know what options we'll have for the GLS related tokens at first, where will they be listed (Hive-Engine?) and which pairs will be available.
If I'm not wrong, they have already created the token on H-E
https://hive-engine.com/trade/GLX
The question is if they will implement a deposit and withdraw from the game right away. But, I think I saw somewhere on Discord that they said that they will do it ASAP... ;)
Looking forward to getting some GLX and see how it's price plays out.
!PIZZA
I expect some major volatility at first, that's for sure. But it also depends on the markets that will be available for the tokens.
I didn't realize that we would be getting some free tokens for staking SPS. Just wondering, but do we have to do any verification stuff? I saw that it was asking for my name and everything.
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You don't need to verify anything except your email (maybe not even that, but I verified it). Full verification is for those who buy packs in the presale with Paypal, I think.
!BBH
!ALIVE
!CTP
P.S. Came here from ListNerds
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@gadrian! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bradleyarrow. (2/50)
@gadrian! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @bradleyarrow. (2/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
Thanks, Bradley!
That's an interesting insight!
How about SPS/GLX?
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That isn't one of the LPs proposed initially in the whitepaper, but it would sound great to me.
I prefer that one rather than HIVE/GLX.
We'll see if they'll add it from the start or we'll have to wait for it. I believe eventually it'll be added.
That will be good.
https://twitter.com/1415155663131402240/status/1583784213907505154
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It is also a good start for me. I dont expect to get much though.
We can calculate how much we'll get. Of course, our ratio of staked SPS compared to the total staked SPS will fluctuate over time, but the other elements are constant: the duration of the airdrop and the total amount of the airdrop.
yeah, its a great reward to be involved in. Perhaps I will invest more at some point.
Abit off topic but,
What is taking so long for Binance to activate withdrawals to Hive again do you think?
I believe they are waiting for the HF27 to take place on Monday.
Thanks! Hopefully will be re-activated some time next week.
I gifted $PIZZA slices here:
@ijat(1/5) tipped @gadrian (x1)
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