SPS Tokenomics Keep Improving & Giveaway

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Cover - Burn SPS.png

Great news for SPS holders on the last Splinterlands townhall, apparently once the battle reward switch from DEC to SPS you'll be able to burn SPS in order to get DEC. We're still missing a lot of details about how much DEC you'll be receiving per SPS, I would imagine the team will use the price ratio between the two instead of the fixed price of $0.001 per DEC.

More good news! The battle rewards will be paid out as staked SPS meaning that players won't be able to sell it immediately, it will take at least 4 weeks to power it down. Some players are not a fan of this but most long term holders of SPS are actually on board with this, me included.

The Rift Watchers pre-sale will start next month we are likely to see a lot of SPS going out of circulation because of it and on top of that players will have to keep burning SPS in order to get DEC to buy cards, packs, rent cards, etc...
This is very bullish for SPS, there's a big supply crunch incoming and the SPS from battle rewards will take some time to enter the market.

The team proved once again to be very focused on the economics of SPS and the whole game, always looking out for the best interests of the investors.

Giveaway

⚔️ The rules:

  • Minimum Reputation of 50
  • Only one comment per person
  • Upvote / Follow or Re-post is not mandatory but it is greatly appreciated.
  • You just have to comment. If you use a different username on Splinterlands please mention the account where you want to receive the cards.

The winner will be picked by a randomizer and will be announced on next week's giveaway post.

⚔️ Cards for this week:

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Cards will rotate splinter every week, Fire -> Water -> Earth -> Life -> Death -> Dragon -> Neutral. This week if you win you will receive one Lava Launcher!

⚔️ Last week's winner:

Screenshot 2022-08-16 at 19.19.22.png

I'm currently using this tool to randomly pick one comment to win the giveaway.

@mxm0unite was the lucky winner from last week's giveaway! I will send your reward right away!

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(Edited)

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Loved the news as well, especially because I believe this will also drive the DEC price to its supposed peg. Cheers! !BEER

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For sure, with all the battle rewards being paid out with only staked SPS there will be a LOT less DEC being printed daily which should push the price back up to the peg.
Thanks for participating in the giveaway 😁

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Staked sps+ sps to Dec burning mechanism. Looks like everything is done to give sps more value. Great news!

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The team seems really focused on improving SPS utility and value!
Very happy about how they’re doing

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It's quiet a challenge for New players, the itch to not sell SPS immediately especially when market get's Better. But long term holding via staking is best💯✅

Please count me in!

Cheers🥂

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