RE: SPS is Mispriced, and here's WHY
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I appreciate your perspective, and I'm bullish on SPS long term. It seems I'm significantly less bullish than you though because I think SPS is still quite high. I remember SPS selling for pennies, and being excited when SPS hit ten cents. I think it hitting a dollar was insanely awesome and amazing, but it was clearly that high because of CL Presale hype. I would say SPS still being as high as a quarter is very strong and confirms that Splinterlands is a strong game with a bright future.
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I didn't get into price too much, and it's very trick to do so because the supply of SPS right now is only ~10% of the maximum, which should be distributed over the years. It wouldn't be very accurate to consider only the current circulating SPS, nor considering the total supply.
So I went with a more "simplistic" view, although based on solid fundamentals. If the player experience keeps improving, we should see higher adoption and retention of players and that would drive value up of most assets in Splinterlands, especially SPS. When I say SPS is mispriced, I'm considering the long-run, and I don't think my SPS will be worth less than 10x the price of today in a 2 year period or even less.
Overall I agree with what you said and I'm pretty happy with my SPS right now. o//
Awesome!!! I'm glad we agree, and I'm so excited for this amazing road ahead of us!!!
Correct me if I'm wrong but I remember that SPS will be given as battle rewards in the future, maybe that's why they didn't airdrop the majority of SPS supply.
Yes, that is accurate and in the SPS Whitepaper they release a good while ago the numbers are:
Airdrop SPS - 400,000
Play To Earn SPS - 900,000
So we can expect more than double the amount of SPS airdropped to be distributed in Battle Rewards and maybe other things as well. This 900,000 are to be distributed in the period of 65 months.
As a side note for you man, the same amount (900,000) will be distributed as rewards of providing LP and Staking in the same time of 65 months.
So we are still very early into the SPS that is in the market, and just as early in the implementations and use cases of it.