Is SPT overpriced...?

I'm getting the feeling that SPT might be a little overpriced...

• 1 DEC gives you 1 SPS airdrop point.
• 1 SPT gives you 0.25 of an SPS airdrop point.

Thus in terms of pricing, you would expect DEC to be around 4 times more expensive than SPT, or 1 DEC to cost around the same as 4 SPS (or for the sake of making the numbers whole rather than decimals, 1000 DEC should cost the same as 4000 SPT....

HOWEVER, there is actually a marked difference in prices as you can see here:

• 1000 DEC currently costs 1.76 Hive.
• 4000 SPT currently costs 9.18 HIVE (!)

To make the contrast starker in terms of pure airdrop points you can even double your drop rate with DEC by pooling it with SPS or Hive, which you can't do with SPT.

So it's certainly NOT worth holding SPT for the SPS drop...

Perhaps there are better yields elsewhere with SPT...?

Well, you can get a nearly 80% yield if you pool it with SPS, but that's a lower return than pooling the SPS with DEC for more SPS, and not THAT much better than just staking the SPS once you factor in the VOUCHER return rate.

Or maybe people are hodling for the NFTs...?

The only other reason I can think of for wanting to hold SPT is because you want it to by the Splinterlands NFTs, but even that doesn't make that much sense - you could just hold and stake something with more utility that gives you a higher return and then sell that for SPT IF you want to buy these NFTs....?

Am I missing something...?

I personally don't think SPT has enough utility compared to SPS or DEC to justify holding HUGE amounts of it, but I'm not going to sell ALL of mine just yet when there's a decent return to be had on pooling it with SPS.

But it's something to keep an eye on, what's in store for SPT - I can't see it being a priority for the SL team going forwards!

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