Hit my 20K SPS stake - that SHOULD do me for Chaos...

Well I just hit my minimum SPS stake target before even the announcement of Chaos Legion, and that's 20K SPS.....

Screenshot 20210913 at 17.53.44.png

There's currently 78, 000, 000 staked so that gives me 0.025% of the pool.

I want a $10K in, and working on an estimated price of $2.50 a pack that means I want to purchase 4000 packs in the pre-sale. If the price is $3 - I'll be buying nearer 3300.

At my current 0.025% share, it would only take a pre-sale release of 200K packs, for me to be able to buy a maximum of 5K packs, which gives me plenty of wiggle-room at the pack price I'm expecting.

At the moment I think it's looking pretty likely that I'll be able to get as many packs as I want, however there's A LOT of liquid SPS kicking around out there, and my share could EASILY go down to 0.01%, in which case I'd need a pre-sale release of nearer 400K packs to to allow me to get my 'in'.

I think I'll be OK - a few thousand of that liquid SPS is mine so I can up my stake if required, and I can always purchase some pre-sale tokens to make up for any surplus.

I'm not sure how many packs will be in the pre-sale, I can't imagine it would be less than 200K, but 500K sounds a bit on the steep side - I mean these packs are supposed to LAST for a while, aren't they?!?

Of course it the price is a lot higher than my current $3 upper estimate, I don't think I'm going to have to worry too much about staking any more SPS, I'll have plenty! I can't imagine the price would too much over $3 per pack as that would just send the price of SPS and DEC plummeting as people sell to buy, unless there's a REALLY tight pre-sale release.

It's all fun and games, but ATM 20K staked and a little liquid feels about the right to allow for the kind of Vest I want.

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18 comments
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this is great, now that the dec is also discounted, i also collected a little bit for myself

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I want to stake but don't know how to do it

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SPS staking search youtube how to or just click your SPS crystals on the top of screen where airdrops are collected, then in the picture above look for the STAKE button, that is what you want to click.

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I have 10,500 staked yet fear with the price rise in packs and 11 million issued I will be buying less and putting more into SPT and the NFT collector cards, if you look at the games that are not in our early growth phase their NFT tokens went up 100-300x even more on some. Our total max supply may restrict us seeing 300x or more yet I definately can see SPT at $1 very soon. Just days ago it was at 0.0045 now pushing 0.02 and NFT's double in price almost every 3 days

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SPT at $1?

That would be nice, I have 900 000 of those.

I did buy one NFT - but I keep missing the minting of the new ones, they sell out immediately!

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They go fast! game is so early in growth when you research the other games NFT and NFT coin they go up so much and then you research actual active users on blockchain games and Splinterlands is #3 we have a winning investment whether the coin or the NFTs! I have many more of the NFTs yet I started with much less SPT than I have now just flipping them.

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I want a $10K in...

Me too, I hope SPS hoes up a little until then. But It might very well keep dropping until the pre-sale. Hopefully they come up with something else to give SPS another use-case upfront. Like that idea of a daily SPS reward chest and apparently it even seems to be a priority for the team.

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The ONLY question about SPS is how low do you want to risk going before you pick up more?!?

I'm sure value will flow to it ultimately, it has to.

Once proposals come in Whales can easily tease the price up by simply putting in a proposal to make every other aspect of the game a function of amount of SPS staked.

And with only 3BN max supply - if there are 300K users, that's 10K median stake to lock the lot up, and 10K doesn't sound like a lot to me?!?

There's plenty people out there that want 100K or 1M.

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I hope so lol The last tournament I couldn't get in because you needed to have 50k staked!

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Yowser, so they already encouraging some SERIOUS staking then?!?

I'm quite happy with that.

Although with that kind of a figure maybe I'm in for a shock when it comes to getting in on Chaos!?!

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Yep, primarily you'll see it within the tournaments are the moment. I'm going to guess that that ones more use cases come out such as needing it to buy packs, voting, discounts etc the price is going to moon well. I have no idea what it's going to be like for Chaos packs so I've been stacking and even buying a bit under $0.30 each. It's kind of a low point at the moment with huge hype potential coming up.

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I did dip my toes in too, once it went under $0.30.

Although now I'm waiting for an announcement as to where I go next.

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Well my meager 2.4K looks a whole lot less now lol. I have been selling though so I can take some profits while I could. Got 1500 hive out of it before the price of hive went up and SPS went down. Hoping that my SPS plans aren’t going to get changed considerably. They are going to fund my packs money!

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I did sell a bunch last month, but I've stopped now.

My feeling is that DEC is the thing to sell now!

But you never know with certainty, so many variables!

I do want a lot of Chaos Packs for sure!

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(Edited)

I would love lots of chaos packs but I’m using strictly hive I earn in one way or another to fund it. I don’t want to get back into spending credit card money on games if I can prevent it lol

Yeah I’m torn on DEC. I like to be able to spend it to get things I want or need but at the same time I want to sell it when the price is as high as it is. So many choices! Lol. I know a lot of the new accounts are trying to stack DEC as much as possible to get more SPS so I think that’s why it’s high right now.

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