Benefits of staking SPS in my account: Splinterlands
I'm happy that I chose to stake SPS on my account rather than making other investments, like buying cards or DEC and keeping them. I'm aware it may be beneficial as well, but I think SPS staking is really intriguing, and the game staff is coming up with creative ways to reward SPS staking participants. They may have more plans to give rewards to those that stake SPS, I'm sure.
The one thing I did wrong while staking SPS was to buy it at a price of about $1 per SPS, which meant I had to spend about $2k to buy just 2k SPS. I would have had twice as much SPS back then if I had waited and purchased them today. However, it's never too late, and I'm working to increase my SPS in any manner I can in order to meet my objective of 100,000 SPS.
I was able to take part in the latest PROMO card sale because of my SPS investment. Using my SPS stake, I was able to buy 93 cards. Naturally, the sale wasn't like an airdrop, and in order to get the cards, we needed to spend our vouchers. However, since the returns from the cards were excellent in comparison to the cost of the coupons, I would still think that's acceptable. People are willing to buy those cards and combine them, therefore there is a good demand for them. Given the likelihood that Splinterlands may see comparable sales in the future, it would be best to maintain our interest in order to demonstrate our support for the expansion of the game
I'm happy that Spitterlands started offering deals like these only to SPS holders. Giving benefits like this to those who hold their SPS is a great idea since it will encourage more individuals to stake SPS and eventually drive up the price of SPS. Many players are eager to sell their SPS on the market for profits.
The GLX Airdrop was yet another incredible event. Individuals received the airdrop according to their share in the SPS. People would receive more GLX tokens every day if they had more SPS. This is essentially an additional benefit of continuing to stake SPS and invest in Splinterlands. The team is presently developing a new game, for which GLX will serve as the token. The good news is that the game team chose SPS as the criterion to perform the decrease, according to the team's most recent updates.
When titles like GLS launch, Hive will expand, and there's a good chance they'll attract more new users and gamers to the platform in a similar manner to how Splinterlands did. For both the investors and the community, this is a promising time for growth. Newcomers always add value to the current investors in any community. Based on our SPS stake, we have the opportunity to claim GLX tokens from the website every day. We may still make the claim collectively the next day, even if we miss it the first time.
I have increased my SPS power thus far by claiming all of the GLX tokens. I had to change the remaining GLX tokens to SPS as I had originally only kept 1000 of them as stake. I am aware that staking them yields good profits, but I wanted to concentrate on other tokens after achieving my objective of 100,000 SPS. I recently started staking 100% of the GLX profits, and I'm almost at 100k SPS. I now own more GLX than 2,000 in total, and I'm hoping it will increase in value once the game launches.
