RE: Splinterlands Town Hall Summary - May 15th, 2023!

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This has to be a joke. Almost half a million SPS for champion 1? I have been reaching champion 1 and 2 for several seasons and I "only" have 30k SPS. I own max level cards and I can now only play in gold? Are you trying to ruin the game?



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For now from staked sps top hodlers only like ~200 players meets the requirements to play in champion I and I see that there are players like byz, who have sps and not have cards for champion so basically even less players, if we include only investors, which hodl token and not play.

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I have Champion SPS and I play Gold 1. Im happy to delegate my SPS.

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If you're offering a delegation, I could use 50k for gold 1. I've been stacking SPS over the past several months with a goal to reach 10k before this stuff gets implemented. I'm almost at 7k now and I may still hit my original goal, but that's not going to get me full rewards in gold 1.

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Im happy to delegate it when the market for delegations opens. Thats what I was talking about in my other comments.

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how does delegation work do you just get earnings automatically based on what is delagated? I have a million sps right now and 17 nodes that prodce it will have more soon but will be looking to delegate out so i dont need to run bots rather delegate if i earn that way and thats all live.

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Oh man, that's good to know, if you can help me I appreciate it, I need 11k to continue in silver 1.

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i have sps if you are good bc i want to max the roi i can get on my sps jsut need to understand how it works

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shouldnt be a big suprise they have been saying staked sps req for a long time and the delegation is here so ppl will need to rent or make a revshare agreement with ppl with sps which is why investors bought alot of it to be able to delegate it out for a return and that replaces the bot returns at least for me i only ran like 4 bots but not will be just delegating to my guild to get them in champion or what ever level they need and keep stacking the sps to keep doing it until im able to support at least one full guild and have a secondary guild where everyone will play the accounts that are owned by the guild dao for us that are ment to get accounts with soulbound cards so they can be rented out to players who have cards but no soulbound or gladious cards that will be a whole sep mkt. Im not sure why ppl have investors with out ppl investing no game would exist you need all types of players investors, investors and players, ppl who play just to play which bring alot of the outside revenue in, market makers to keep the liquidity so ppl can trade in and out or the rewards would not be able to be traded at all, ppl to run validators to keep it decentralized and ran on many nodes which produce a inventory of sps whihc can be sold to ppl needing it. I am a investor so i invest in teams where i dont neeed to play and activities where i make income for running different aspects of the game or part of them. Thats fun to me and amd working on a investment fund to bring in outside passive investment which will provide more rentable decks via nfty and sps availible to be delegated as well as hive power and spt power to vote on posts etc. Without investor aspect the mkts would be a shit show and with out the players the revenue would not comein the game so all are needed in this type of gamne. I get not all ppl can afford 400K sps but thats when you rent until you dont need to anymore or do the split how ever it works. Why would investors not deserve a return for holding sps all this time for these features ? We took a big risk with are own money and everyone seems to think we dont deserve to make any now that the fuctionality is starting to be added? If thats the case there wont be a game to play bc no onewould commit new funds or utilize thegroup buys and be able to offer packs at a discount and makea small profit on alarge number of packflips which advances thecompany money for development and provides cheaper packs to players as well or allows us to provide the decks to nfty to use the rev share model. If you want to be a investor than rent your sps out and get the passive returns on it , get involved in the assets that do the investment side then use them to buy the cards. Thats what i always did was invest in the assets that provide cashflow then use that to buy card packs or go in on a 150K group buy with a bunch of ppl and buy say 10-25K worth but you can do much less andstill get the low prices and right now the pack prices are as low as what we paid in the group buys at like 1.3 ish so buying packs now is getting the same deal as far as cost. Ive been adding a bunch at these prices bc i have land i have been buying and need a bunch to work the land. Also another method is rent cards and then outsource the rented deck to a player with a revenue share and you split the net cash flow where say i would take 10% on many accounts and rent the assets bc i can then ramp up or down with profitability and the players keep most of the rewards except the soul bound cards and merits so 90% -95% goto the player which would be all sps and packs etc. and I make my money by having say 50 accounts that would do this wiht 5% thats like 150% of one account or a account and a half and it creates all the soul bound decks i need to be able to rent out the accounts eventually with only soulbound cards to play with and cash them out down the line when maxed. Alot of ways to build up the sps like you could do that same model and create say 20 accounts and all you would need to do is have the rent for a season and make sure it works obviously but if it does the barrier to entry on that is so low and you then have many accounts taking the 5-15% fees depending on what you agree on and you just need to secure the rentals and nfty takes care of the splits etc. Also sometimes the lps can earn sps at a faster rate so you can increase your stake by adding to the lps and earning faster than the stake rate but with the glx drop going on probabbly not worth it bc ofthe temp boost in glx with sps for the year brings the roi up to 30-40% and the 20% of the sps is sent to glx earning 97% right now which can be used to swap back into sps so your able to take 40% and earn at 97% use that to gain extra sps which in turn gets you extra air drops etc. Ifyou want to have a source of cash flow notdependant on spl use some lps like wbtc btc with a short futures contract to mitigate price risk and take the swap fees , same with eth weth , pax g which you can invest in gold use it as collaterol short the 10 ounce gold contract so you dont need to worry about price decresaes in gold bc the contract will go up when paxg goes down and vice versa. borrow x amount of eth against it short the eth contract since eth borrow rate is like .25% deposit on maker and generate dai to deposit on say aave and purchase borrow aave and short the eth contract as they are correlated use aave for its interest free loan to borrow and re deposit on aave as collaterol adding more aave borrowing morefor free and then when you get to the right amount of aave borrow eth and swap half to weth deposit on compound and short theeth contract to negate the price movement using IBKR brokerage which allows margin and futures only make you put down 10% ofthe contract value and since your long the underlying you just collect the futures interest rate ithink like 1% or so as well. You can also just stop with the simple borrow eth and swap to weth and collect those fees or use stable coinsto make it even less risky but you wont be able to earn as much apy or lp tokens. Can use all the extra earnings to buy more sps than you would get from staking out right. ***** Some of the positions I have not tried yet as i just came up with them but will be setting them up in some variation over the next few weeks along with some equities postions with monthly distribuitions and private placement offerings like a mhp to sheild any income from the fees as the passive losses and also be able to use cheap margin on the equities at 4/1 during the day to take advantage of short term borrowing rates which are low at ibkr and may be deposited in a savings account that say gets 5% and you borrow at 3-4% on mostly a leveraged money mkt , cd portfolio in ibkr. Can coordinate opening new brokerage accounts that give out sign up bonuses to make extra money like td gives out anywhere between 100 and 2000 depending, merril gives out500 and others like webull, robinhood etc giveout a bunch of free shares which are great you can create a whole stock portfolio from them there are like 20 that give out free shares. Another great one is get a business and personal 21 month balance transfer card that charges 0% interest for 21 months and write your self the checks for 2-3% so you pay like 1.5% a year and deposit in a 5% cd for 21 months earn 3.5% on how ever large of a credit line they will give you and that is like getting free money by borrowing risk free from the credit card and putting it in a risk free account earning 3.5%. Depending on how much you can get say if its 100K thats a free 3500 a year you get using the banks money to basically net what a small sfr would make you and best part is you can keep repeating with different cards. There are hundredsthat offer 12-21 months 0%. Paypal has a unique one that lets you charge 6 months of interest free as long as you pay it every 6 months so you borrow the max every 6 months on it and you can just do that by charging things instead of using debit and investing it as you charge it then repeating every 6 months with a month gap in the middle. The bank bonus thing if you are in the us there are hundreds of online banks offering 50-500 to open accounts if you say deposit 500 in the checking for 3 months then they give you like 200 dollars for doing so and you can repeat usually in 18months so its recurring and you can set a reminder to do it again in 18 months. This is mostly US banks so if you are not in the US might not be a thing in other countries. Pretty interesting ways to make additional money using the banks money and there promotions jsut taking it to scale and doing what most dont do. The banks still make money most of the time as ppl usually open the card for one and use that card for a few years wehre the bank makes its bonus back from the merchant fees which is why they let ppl just repeat like it do. There is a publiccompany that does just this lol its wehre i get all my links i use from. I beleive its pennyhoarder.com they have a list of all the current bank and credit card bonuses and promos out there. Some have some really good deals like chase bank if you open two business checking , business credit, personal checking and two personal cards you can get 1500 for each credit card after spending x $ in x months and have a ddp goto your chase accounts or just deposit theamount required for 3 months and you get 300 from each checking. I did that one last year. so the total was like 6900 for a day of work for that one. No bonuses are as good as that but there are many that are pretty close. Plus if you fly or travel you can get enough points to stay anywhere for free almost. Im not promoting my links or anything here so this is not spam you can do your own research on it if you want. Ill keep doing my thing and if it sounds to crazy dont do it but its a bunch of interesting ways to make additional cash which can be used to fund spl or whatever you want. A bunch of interesting set ups to mitigate risk of market makeing.

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You had better buy SPS then lol

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Do you honestly believe people will actually do that? Most players will look at this and either do nothing or even sell some assets or just sell everything. Almost no one will be like "oh sure a new crazy requirement, how nice! Let me spend $1k in SPS".

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I would vote raise the sps requirements by at least double hahaha

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I play in champion with owned cards. I have been playing for over a year and a half. I have never sold SPS and even bought some. I still "only" have 30k SPS. These requirements are absurd.

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Only 30k sps!? Damn, you better get some more than or you can rent from me 😆

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The developers are starting to loose the plot. I can't see most of the casual players, that have families to look after and also spend time with love ones really having much more than 10k to 30k SPS. This makes up probably over 60% - 70% of the actual human player base that will have too less SPS for these ridiculous figures.

All this crap changes that piss off actual players and investors instead of sorting out the real problem which is bots.

I am really starting to wonder how many of the bots farms are being run be the dev team themselves. Only reason why they so hesitant to deal with the issue.

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SPS delegation opens a new market. This is good for everyone.

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also playing since over a year now, staked every SPS i got investet soon $ 10k in the game lots of maxed cards playing gold / diamond and have only 13K SPS staked now i should have over 100k staked .... really not cool now i have to invest more then $ 2k again to get the rewards i get now but no money left to invest in the game ... this really sucks

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(Edited)

These SPS numbers are ridiculous. One needs to pay $1282 USD at SPS price right now to get max rewards for Gold I. Maybe there should be an ascending scale overtime where the SPS requirements increase to stay in leagues. But start it a bit lower, and then have a max cap where it doesn't increase anymore. It would give an incentive to always stake your SPS instead of selling it.

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(Edited)

To put it bluntly that sort of is how it is going to work.

This whole situation is actually a bit misleading and the team is terrible at optics. These are not true SPS requirements in the way that CP has league requirements. As of right now, you either have the CP to play in a league or you don't. This new system gets rid of that reality and will let you play in whatever league your rating will get you to. In exchange, your reward % will be lowered based on the SPS you have staked vs the SPS goal of that league but that doesn't mean the raw reward you actually earn is lower too. for example if the league has a 10k SPS target and you only have 7k SPS you'll get 70% of the baseline now but you'll still be able to play in that league.

To put it bluntly we will all likely end up with around the same amount of rewards. The reason why I think we all end up basically the same is that this hits all of us in the same way which means that all of us will no longer be hitting 100% of the baseline amount of reward per battle. This ultimately means that the baseline will go up to compensate for the fact the daily pool isn't being drained at the same rate.

The total amount of SPS in the daily pool isn't changing here so if the same number of people ultimately play in Diamond 1 after this change as before, those same people are going to be the ones ultimately splitting the Diamond 1 daily SPS pool and the % of base reward doesn't matter anyways.

On the flip side, if you currently play in a league that has an SPS target of 10k but have 15k staked, you are now earning 150% of the baseline. All of this will balance out. It is just hard to think about given it is in terms of % and people like to think about raw end rewards and think oh now I'm only going to make x% when in reality that won't be true.

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If this is the case then that won't be too bad. The team is then just really bad at properly explaining their ideas. 😁

If your explanation turns to be what actually happens where CP don't limit up to which league you can play then it will be almost the same like Beta days where skill could take you to higher leagues with your cards. If this means that bots with no SPS staked can't drain the reward pools too much then it's not too bad.

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Thanks for this. I'm glad it's not like CP requirements. It seemed like it was going that route. The way you explained doesn't seem bad.

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