SPS Stake APR 30%. is it worth staking now ? My strategy with SPS

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I am a big-time believer in SPS token ad because of this I have been staking all my airdropped tokens since the day the staking option was launched. This airdrop has completed 223 days as of now and left with 142 days which is still a great period that we can grab the benefits. The apr which was started with more than 500%, in the beginning, is now less than 30%. It's approx 30% but to be precise it's at 29.75% which is way more down. It's Keep on dropping with passing days and looks like in a few days or weeks it will be close to 25% so now the question is- is it worth keeping the stake and even is it profitable to increase the stake on daily basis. I think that this is one of the questions that many of the stakeholders must be having because the majority don't like the drop in Apr and even I am not the exception. There are some reasons why I think this is still profitable and I am going to talk the same here.

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  • SPS is not just a common utility token that we can use for single-use instead it's a governance token so it plays a vital role in the splinterlands ecosystem. With SPS there would be many upcoming benefits including the rift watcher packs, future promotions and events, and even the daily drop of voucher tokens. We can't ignore the value of vouchers because as of now we can get the bonus packs if we have voucher tokens and even with the WAKA there was a mandatory requirement to have vouchers along with SPS. It's like future events will encourage to hold more vouchers and even SPS to get the benefits and the current waka sale was super fast so I expect that this should be coming soon. Although I had no plan to buy the card because I did not have enough vouchers however I like the enthusiasm that the community has because it was sold out in just 30 seconds. So looking at all these benefits I can say that holding SPS and staking further is a good decision.

  • The current SPS staking APR is 29.76% and if I compare the same rate with what I can get in banks then it's way higher. I was getting about 10 SPS in the beginning when my stake was too small and now when I have more than 9k SPS tokens then also I get a similar amount of SPS tokens which means in terms of my earning there is nothing much changed. So my earning is more or less the same with higher APR and less stake and with lesser APR and higher stake. I am not going to remove my stake and even I will continue to stake all my tokens.

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  • SPS price is less and I am also buying tokens in hive-engine because I think that the current price is already at rock bottom price and now there is only one way to grow up. So when the price will grow then it will help me have some decent profit on my investment. I have no plan to sell my tokens because I expect that the splinterlands team will try to list it in Binance and if it happens then the price will skyrocket to $1 or more. Exchange listing is an important part of the token price and its trading so if Binance lists it then it will be amazing for the SPS holders.

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So these are the reason why I am going to do the same that I have been doing since the beginning and my strategy will remain the same in the future. I plan to have 15k SPS tokens in my account and I am quite confident that I will be able to do this for sure in the coming months. I would love to know what other players and holders are planning to do in splinterlands so if you like to share then please do.

Thank you so much.

Stay Safe

Posted Using LeoFinance Beta



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4 comments
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SpS still has a lot of development underway, I’m very confident that anything below 0.5$ per sps is fud and a good buy in point.

Nice growth and mindset, this is how winners think

Posted Using LeoFinance Beta

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