SPS Staking with 105% APR is still Great option

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Everyone wants to earn more through various ways including staking tokens and also through battles play on splinterlands games. We know that we can earn DEC by battle play, SPT tokens through content creation and now SPS through SPS staking or we can also buy the tokens from the exchange. There is only one way to earn SPS and that is to stake SPS tokens to earn from the pool and currently, this staking earning APR is 105%.

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This Apr has been falling continuously and it seems like soon we are to get below 100% however I am also happy with 105% and I am staking all my tokens every day so that I can earn more tokens every day. There is no earning if I keep my tokens idle that's why I stake my airdropped coins every day.SPS is a governance token and its expected that this coin will have a vast use case in the gaming ecosystem so its high time when we need to accumulate as much as we can.

Now, we can use SPS to buy cards on splinterlads as we do with another crypto. We can simply buy credits using SPS tokens and these credits can be used to buy cards on the market. I did not try this option until now so thought of checking the process and see how it works.
I clicked on add credits button and then entered the number of credits I want to buy. After entering the number of credits I have got the option to pay with SPS from the list. We have many tokens listed in this but SPS is the one that is recently added.

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Now in the next page, Its showing for 5000 credits where I need to pay $5, it will require 17.445 SPS tokens, and this value is determined with the current market price of the SPS token.

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One thing to note is that if we choose to pay with an SPS token then we have to keep the token in the game wallet and this will be used by default. So if you are hiking SPS tokens in any wallet or BSC wallet then you must bring them in the game wallet. I have canceled the transaction as I don't want to spend my SPS and if I need to buy cards then I would use another crypto or DEC etc but for sure not SPS.


Here is the snapshot of my current SPS holding and I have 2669 tokens and all the tokens are staked with the apr of 105.5%. There is a dip of almost 80% in the apr that was started with staking however its still a great option to stay with. Its going to be almost 2 month time and with this apr, I am able to earn a good number of tokens.

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SPS airdrop has completed 54 days out of 365 and its price is 0.28 USD and it was even at 0.22$ yesterday.
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There is another use case that will be added soon and its like with SPS staking. I could not see any announcement about it yet but as per the information I got to know is that everyone who stakes SPS will get a daily voucher and this will be used to buy new card packs but again we need to wait for the official announcement.


If I try to summarise the overall gaming and earning experience then I can say that a single game has opened a bunch of opportunities to earn and I easily expect that I will end up having assets worth 25k USD by end of one year from now if the growth rate remains the same.
I don't know that what will be happening next but whatever is happening now is so much fun and I will keep on sharing my SPS holing and its getting better with each passing day.

My journey has been amazing so far and I am sure that this will be even more fun and rewarding in the coming years since the project is growing and lots of new players are coming to this platform.

Thank you so much.
Stay Safe
[images are taken from splinterlands and hive-engine website]

Posted Using LeoFinance Beta



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6 comments
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As long as we dont get below 80% (the cake staking Apr%) , it is still attractive for many investors. After this point we will see how it will go on with SPS. Maybe we will get the Lands Update until this point. 🤔

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