No way back

Price of SPS seems to be on a downward trajectory. After an impressive early high of around $1 it has been on an ever downward spiral. Going as low as 0.05c and currently not much above.
This is mostly to do with the endless amounts of SPS out and about and with constant proposals being passed to aware literally everything with SPS.
Every proposal for more SPS to be churned out gets approved.
Not one proposal has been written in which we could see some type of reduction via and type of burn system.
Total supply is close to 1bn which is an obscene amount considering all it does when staked is give you "voting" rights which you have zero influence as the top few whales out way the rest so whatever they want will go ahead.
The acceptance of SPS and vouchers for Riftwatchers packs was a good move but hasn't really been successful due to the fact that there are too many packs as with every other addition.
Still it was a good move other than the SPS being put in to a community DAO rather than burning the lot. Now the community are thinking of ways of extracting that sps and again land in the hands of the whales.
Unless you are part of the SL Cult the game is not very good its basic at best and has zero incentive for newcomers.
The number of players is artifactually inflated majority are alts and bots.
If you got in super early then happy days for everyone else absolutely pointless unless you wanna sell your house and try being competitive.
I play the game to earn a tiny amount and am just waiting for the next pump so i can dump which I feel alot of others are doing too

Posted Using LeoFinance ^Beta