SPS Soars Past $1
As I've been predicting for weeks now, SPS has continued to climb and has surpassed $1 once again! This morning at 10:45 am EST, SPS hit a high of $1.027 USD each. Since hitting the $1 mark, SPS has pulled back slightly.
We haven't even begun the Chaos Legion pre-sale yet and SPS is showing no signs of slowing its steady ascent in price. As of this morning, the number of staked SPS continues to rise, hitting 129 million tokens.
This continued increase in staking has dropped the Staked SPS APR to just over 69%.
I expect SPS to continue climbing in price as it is the only way to get VOUCHER tokens during the Chaos Legion pre-sale. In addition, EVERYONE who buys pre-sale packs should be using SPS to pay for it. It does not matter how high SPS price goes because the pre-sale pricing will be set to $4 per pack ($3.60 if paying with SPS). Because it is denominated in USD, SPS could hit $10 and it wouldn't change the price of a pre-sale pack. For example:
Why Pay With Anything Other Than SPS?
Since SPS will be allowed as a payment source for Chaos Legion packs, but the price of the packs is fixed at $4, this means the price of SPS at the time of pack purchase will be irrelevant to the pack buyer. SPS is the only payment method that will entitle a buyer to the 10% discount. Imagine these two scenarios:
#1) SPS is $1 each. Pack buyer acquires 3.6 SPS tokens and immediately uses them to buy one pack for $3.60 ($4 retail price minus 10% discount). Cost to buyer is $3.60.
#2) SPS is $10 each. Pack buyer acquires 0.36 SPS tokens and immediately uses them to buy one pack for $3.60.
In both SPS price scenarios, the buyer is still only paying $3.60 per pack. However, as more and more players need to acquire SPS to get the 10% pack discount (why would you pay any other way?), this will cause a price squeeze for SPS. If everyone is smart and uses SPS to get their pack discount, that means there will be demand for $3,600,000 worth of SPS just for pre-sale pack purchases.
Anyone not using SPS to pay for pre-sale packs is just pissing money away!
Today's Featured Battle
Water was a featured daily quest yesterday and I was faced with lots of opponents who were only using water splinter attacks. To counter this, I busted out my Owster Rotwell summoner that has the magic reflect ability. This summoner is awesome at countering an opponent using magic attack as it hits back with a reduced amount of magic.
I would include a Peaceful Giant to help slow down my opponent's advance and also reflect plenty of attacks back at them. In addition, I used the Undead Priest to drop my opponent's health points by one so that my magic reflect would take them out that much quicker.
Today is Brawl Day!
The @hive.pizza guilds are ready to kick some ass today! PIZZA 1 The Stuffed Crust is coming off two 1st place finishes in a row and is looking for a three-peat. PIZZA 2 The Deep Dish is trying to finally break out of the middle of the pack. Don't forget to submit your brawl teams before time runs out today!
Check out my last #BrawlReport here and look for my next report in a couple days!
Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
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Amazing!
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