Could we see an increase in the SPS price in the next couple of months....? Possibly.
So I was initially alarmed by the announcement from @splinterlands that they'd be replacing DEC rewards with SPS rewards for playing daily matches and tournaments, but having listened into yesterday's Splinterlands TownHall in which @yabapmatt spent a good hour going over the mechanics and fielding questions, I'm thinking these changes are going to be good for the SPS price.
For starters the monthly drop of SPS to in game rewards is only going to be 7.5 Million a month (at least initially, I think this might increase).
And we have to add to this the increase in distribution to staking/ LP providers that also happens when the airdrop end, I think this is same (According to the chart below it is)
So that's 15M SPS a month from August....
That compares with 33.33 Million SPS a month being emitted with the airdrop.
So that's around 50% LESS SPS being distributed every month from August.
AND DEC printing stops altogether - and eventually you'll be able to burn SPS for DEC - $1 worth of SPS for 1000 DEC, to help keep DEC stable and push the SPS price up.
AND you'll only be able to buy RiftWatchers with SPS - $5 a pack, and I imagine at least 1M are going to sell overnight - so that's a decent sink for SPS in the immediate future.
I think, maybe, just maybe we might see SPS increasing steadily in price from August.
And this is all before LAND and any kind of stake-to-play mechanic for SPS - and once governance is in place you can bet your SPS that I'll be voting for a bewildering amount of SPS to be staked to get max-tier rewards, nothing short of a million per account, for sure!
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The player DAO is a test of whether a player governed ecosystem can be successful, which hasn't really been proven yet. I think the Mavericks should be very careful not getting too greedy in imbalancing the game ecosystem. It's a huge responsibility trying to keep a game economy alive and no doubt there will be lots of competition in the blockchain space by then.
I agree completely, when I said top tier 1M, there's no reason why this can still hold and it be stretched so you get something for a tiny stack too.
Also, 1M SPS per plot isn't actually that unreasonable - 150K plots, there are 3BN SPS at full supply!
I think people are hugely underestimating SPS.
Honestly it would be crazy if there was not. DEC is going to pump as well to nearly 2x value and I suspect packs are going to sell out quick!
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Sell out quick after the SPS drop, I reckon, 2 times value is basically back to peg, near enough!
I am not sure but I don't think SPS will pump that much due to the rewards system adding SPS instead of DEC. It makes me wonder if they have more use cases for SPS or not.
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As I understand it pretty much everything is going to be designed to bring value back to SPS, so Imagine there will be going forwards, more utility, for sure!