Last Weeks Total SPT Burned
This Weeks Burn
Welcome to our tenth week of the ongoing SPT burn. Last weeks topic generated a total of 1,842 SPT. This means the curators shared 921* SPT. The remaining SPT *921 will be sent to be burned. We will continue with the *weekly burn topic for as long as SPT stake holders show support for the initiative. Total SPT burned before we started this initiative was just 4,303 SPT.
I initially decided to send the burn tokens to @null but then it hit me that using the burn tokens to advertise this post via the Promotion option would be a better way to burn the SPT tokens. Burning them this way will give more exposure to our weekly topic.
SPT stake holders and content creators may not like seeing the weekly burn post at the top of the promotion page every week so I might alternate between sending directly to @null and using the Promote option as a burn mechanism. For now we will keep using the promotion burn method and play it by ear. If SPT stake holders want me to stop burning via Promote option, I will. Sound off with your opinions in the comment section.
SPT PRICE ON THE RISE
That's right monster maniacs, its begun. SPT price has seen some significant increases in USD value over the past month. Could this be the start of its "mooning" phase or is it a one off event? My take is we are looking at the new "normal" price ranges for SPT.
As many know there's a Splinterlands airdrop going to happen any day and holding SPT is one of many ways to be included in this airdrop. The airdrop is very likely the reason for the sudden price hike for the SPT token. Click on this highlighted area to learn more about the airdrop. The great thing about this airdrop is it isn't a "one and done" claim. Instead the Splinterlands airdrop will last for 12 months.
That means 12 months of use case for the SPT token. I expect to see another price hike for SPT once the airdrop starts. My best guess is the more valuable the governance tokens are the more valuable the assets needed to receive the airdrop will be. A screenshot of the most recent buy/sell markers for SPT can be seen below (Taken from Hive-Engine).
Original Burn Topic Post Below
Recently we went over SPT and some ways we can make the SPT token more valuable. We had allot of great suggestions that fell under the below categories,
(1) In game use cases
(2) Use cases token holders could implement
(3) Burn suggestion
To read these suggestions in detail Click --> SPT & Use Cases!.
Only the devs can give SPT an in game use case. All we can do as a group of Splintertalk (SPT) users is keep suggesting that they do so. Hopefully if enough SPT holders consistantly speak up we might get one sooner rather than later. Until that day comes there's still the two other options listed above in which us Token holders can help implement.
Before we go over what this post is intended for I'm going to give a short description of both SPT and Splinterlands. Feel free to skip past it if this isn't your first SPT rodeo.
What Is SplinterTalk?
Splintertalk is the social platform that was BUILT for Splinterlands players. For sharing Splinterlands content, you can earn rewards in the form of SPT tokens on the Splintertalk site! SPT tokens can be traded or staked to increase Splintertalk Power, which allows you to reward the content of others!
What Is Splinterlands?
Splinterlands is a digital card game created by @aggroed and @yabapmatt. Tournaments in which giveaway prizes that have monetary value are being played daily. You can start playing or investing in Splinterlands today by clicking here.
Lets Burn Some SPT Tokens (Weekly Burn)
This post is going to focus on suggestion (3) Burn suggestion. If you read the topic SPT & Use Cases! you will notice in the comment section that the idea of a SPT burn post sprung to mind. Well friends this is that post.
All the liquid SPT tokens this post generates will get burned. How do I intend on burning these SPT tokens? I will send all the liquid SPT tokens to @null.
What Do You Mean By Liquid SPT?
Liquid SPT is the authors share of the earned SPT rewards a post generates. This means you as curators will still earn your share of curation rewards when you upvote. I as the author of this topic will send my share (the Authors share) of SPT earnings this post generates to be burned.
I'm not sure how well received this plan will be but if SPT holders show interest via upvoting/commenting I will make this a *weekly burn post. Currently out of the total supply of SPT tokens given out to date just 0.01% have been sent to be burned. I hope to dramatically increase that percentage.
SPT Burned To Date
|Total SPT BURNED||10,980|