Splinterlands - Investing SPS to Earn in Events?

avatar



There is a little under 1 billion SPS supplied. Where close to have of that supply is locked up in stake value. What is the benefits for staking the SPS? A couple of benefits but the one I really want to look at is earning SPS rewards in events. Lets take a look at it.

Benefits of Staking SPS

The main benefit of staking SPS is stakers earn liquid SPS and vouchers daily from staked SPS.

Other benefits of staking SPS is having voting power in proposals and participating in events. The focus today is on earning SPS when participating in events because the way I see it, currently there are opportunities to earn SPS for those who are willing to stake enough SPS.

Events Rewards in SPS

Above snapshots are examples of big cost of entry to play in tournament but the rewards pot is large. Top winners earn thousands of SPS which is equivalent to about $100s per player.

Notice in the league of champions there are only 112 participants when rewards are distributed up to 128 players. This means if a player has enough SPS staked and collection power to play the event they will at minimum end up flat with the event but have the upside of earning $100s if they win the tournament. This is a reasonable safe investment.

Conclusions

I entered the latest Alpha only silver event because I have enough SPS staked and enough collection power to partake. Currently there are less participants than the minimum players that get rewarded but even if there are more players I need to be ranked 128th to breakeven in the event.

Meanwhile if I rank any higher than 57th I would be earning liquid SPS when the event is complete. This is the side of investing in staked SPS that is not really being discussed.

If one stakes enough SPS and has enough cards to play in events they should look at it and partake in the events. The benefits outweigh the risks for playing in the events. The yield may not seem like much but if I earn 5 SPS in the even and do this for 52 weeks as the same event occurs approximately once a week, it comes out to be over 2,500 SPS in a year! That is just one event.

I can imagine top players who partake in multiple events in a week and able to rank high enough to earn SPS ranking rewards will likely be earning high four to five figures SPS a year.

In addition proposal #11 is likely to pass. This will mean not only do participants ranking yield SPS rewards the battles themselves will soon also yield SPS. This is just icing on the cake on why players who stake enough SPS should be participating in events.

Until next time thanks for reading!!!


https://images.ecency.com/p/HNWT6DgoBc1692QWn5trsLBYecSp3jKD1kzdmSDR4FGzPSXomkgLtisN5TzrwHTsD1D4ocqDPHpFztKzeH4ibh1vQVU3d3dSaB6VYJ1U3RdsSDi5spmdafX25ph.webp?format=webp&mode=fit

If you want to play splinterlands then SignUp Here

I have plenty of other cards for rent! Just go on peakmonsters and check out the market place and if you are curious what I offer here is a link:

mawit07 rentals

If You have yet to take part in playing this great game called Splinterlands please click on my referral link. It is free but in order to earn real assets such as cards and token you would have to invest in a starter deck or purchase game cards. Join the discord to learn more. Good luck!


THANKS FOR READING! CONTINUE TO PLAY SPLINTERLANDS!


hive-13323 spt splinterlands archon ctp leofinance neoxian oneup hive-engine thegaming
0
0
0.000
22 comments
avatar
(Edited)

Above snapshots are examples of big cost of entry to play in tournament but the rewards pot is large. Top winners earn thousands of SPS which is equivalent to about $100s per player.

I would think this is very expensive, I mean the entry point, but the truth is that, the chances of earning sweet passive income is what cannot be passed off by some players. Like you said, four to five figures in a year. This isn't bad and it's more about owning more to have even more.

0
0
0.000
Reply
avatar

This is a smart move actually! I recently got me one of these license validators which also gives me sps on the daily. This is a good one to get it just a bit higher to get me into these events.

In a month time i will have enough to participate i would say. Thx for bringing this to my attention!

0
0
0.000
Reply
avatar

Congrats on the node. I’ve held off in getting one since it’s out of my liking in price range and I’m not computer savvy enough to take care running a node. !WINE !PIZZA

0
0
0.000
Reply
avatar

Staking sps is now getting more interesting, I believe in sps and it shows to go forward with the game we must stake Sps

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

I never really thought about checking out the tournaments but it does look like there are quite a few that you can at least break even. However, it makes me wonder if it's worth the effort sometimes because that is a ton of fights. It might make sense for the one you did and you rank high enough to guarantee a return.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Tournaments battles depend on how many players in it. The one I am currently signed up for I just finished round 1 which had 12 battles. It’s a any time tournament so have half a day to setup my formations but it really only took me 5 minutes to go through all 12 battles. 1 sps is over 5 cents but what if rises to $1? I’ll keep earning sps where I can. !WINE !LOL

0
0
0.000
Reply
avatar

I see tournaments required certain amount of staked SPS. I need to have more staked, rewards are beneficial !

0
0
0.000
Reply
avatar
(Edited)

🍕 PIZZA !

I gifted $PIZZA slices here:
@mawit07(4/5) tipped @olympicdragon (x1)
mawit07 tipped dwayne16 (x1)
mawit07 tipped josediccus (x1)
mawit07 tipped karinxxl (x1)

Send $PIZZA tips in Discord via tip.cc!

0
0
0.000
Reply