SPS Airdrop, The Dip and Opportunities
For the first time since SPS crossed the 10 cents mark, we have the token trading on the wrong side of the mark. At around 9.9 cents, we have the token at one of the lowest it has been in a long time.
For what it's worth, there's no reason to panic. Actually, generally speaking, there's never a reason to panic because what we're seeing now is just a reflection of the current state of the general market.
At the time of writing, we have Bitcoin trading in the early 30ks for the first time in months. Naturally, this has the tendency to drag the entire crypto market down with it.
Predicting the next leg of the crypto industry is proving to be a daunting task for even the most experienced crypto expert. Day traders keep on going regardless and just trade whatever the market deals.
Anyway, other than SPS, we also have Hive trading at around 74 cents and that's a level we haven't reached since last year. Despite fighting hard to hold on to the $1 mark, Hive slumped considerably but you should seriously see the other guys
End of the airdrop
We're slowly coming to the end of the daily SPS airdrop and I kind of expect that to contribute positively to the price of the token in the short term.
The end of the airdrop ought to translate to a sort of scarcity due to the reduction in supply. Although, it has to be added that while the airdrop comes to an end, SPS distribution will still continue but in a different way.
If my memory serves me, at the end of the airdrop, SPS tokens will be distributed as reward for winning ranked battles. This is something I'm actually looking forward to because I'm fascinated by how it will affect the market value of SPS and DEC.
At the time of writing, DEC is heading to the peg to trade at the same value with Splinterlands credits. Assuming SPS takes over from DEC, will that lead to increased demand in DEC because DEC and Credit are the only two tokens that can be used to pay for monsters in the NFT monster market.
Anyway, as the SPS airdrop slowly comes to an end, we're seeing a lot of assets drop in value. I mean, I suspect that the end of the airdrop ought to herald a rise in the value of SPS itself, but I suspect affiliated assets will substantially drop in value.
For example, a plot of land that peaked around $800-900 is currently trading around $180. This is as low as it has gotten since the SPS airdrop began and I honestly can't predict where it will be headed next.
BTFD
In any case, one thing that observers need to keep in mind is that a lot of assets in Splinterlands have intrinsic value. Some assets like the monsters have obvious and short term intrinsic value that you can capitalise on immediately, while others haven't exactly kicked off.
Splinterlands plots fall in the second category of assets I mentioned in the previous paragraph due to their intrinsic value but their lack of utility at the moment. This fact combined with the SPS airdrop slowly winding down might be contributing to the drop in the market value of Splinterlands plot.
Personally, I completely understand why the value of a plot has dropped so dramatically, but I also know that I intend to get a plot for myself in the coming weeks.
It is important to note that while the Splinterlands metaverse development in terms of press releases, there's still work being done in the background. In the last townhall meeting, there were conversations about land development by the Kron job team.
So, in essence, this dump in the value of the extremely limited Splinterlands plot could be an opportunity for anybody that missed the first train. It is an opportunity that I intend to maximise in the coming weeks to get back the plot that I sold for around $700 many moons ago.
In summary
SPlinterlands assets have been dramatically affected by the general state of the market. However, it could also be related to the Splinterlands airdrop slowly coming to an end.
In any case, if you're a Splinterlands investor or have an interest in starting up, it might be good for you to start observing some historical data and picking your moments to invest in a variety of assets.
So whether it is plots, monsters or just an opportunity to get a large volume of SPS tokens to stake and earn 24% APR, there's an opportunity lurking. Do proper research and make a decision based on your peculiar situation. That's all there is to it.
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i agree, I think we will see the price stay low for the airdrop and we will slowly go up after. I don't know if we hit $1 again any time soon but slow gains are better
Yeah $1 is far fetched but you never know. Remember that a decent number of SPS tokens will be burnt as well.
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Its going to rip at least the makret cap will plus with SPS required promos and lowering rewards plus the burn I cant see how this doesnt triple or quadruple from here as soon as validators are released. Thats what I am focused on is getting my hands on those. They will be key as well as land and been buying it on dips only have 6 plots but if I can get to 20 plots , may buy more waka cards if they get cheap, will be buying alot of SPS and SPT. I have been accumulating SPT for a while its hard due to liquidituy but am up to 2.6 million with a goal of 20 plus million as I want a vote lol.
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SPT has governance use as well?
At 20 million you can vote
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Market cap view doesnt show that bad of a picture compared to price.
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Thank you for sharing this great content, You have been manually Upvoted by @skylinebuds
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When is the airdrop supposed to end? I saw a mention at 6 years old, or is this a mistake?
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I think there’s a 100 days or so left. It is written on the top of the SPS wallet when you log into the splinterlands frontend.
Understood, thanks, I saw the countdown, but did not understand what exactly it means.
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It's 285/365 so that's even less than 100. Probably around 80 days left.
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Less than 100 days left. We're in day 285 out of 365
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Thanks, already figured it out. We will have to change some plans in connection with this.
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Great Post!
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I am not worried about this drop in SPS. Splinterlands is one of the most beautiful blockchain games. Sooner or later SPS will return to the value of $ 1. Good article
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Watching my card collections value the cards still hold up pretty good. This is especially true for the older and more scarce cards. Of course they also have been affected by the dip but not as hard as other assets.
DEC returning to peg is a good thing IMO this shows that it is working as it should. Afterall it is designed to stay in pair with the value of credits.
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The future of SPS will be very interesting to see, including how it affects DEC as it takes on greater importance. I can't help but think it is a steal right now. I'm buying some everyday, in addition to the airdrop. Hope you are too.
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Thanks for sharing! - @marianaemilia
good work!
Its going to rip once the reward rate falls demand increases as validators are launched as well as all the other features. I am just buying and buying same with SPT but for a different purpose to collect the air drop plus I think its extremely undervalued and I will be basing the SPL Group a investment club that will be formed by creating a new outpost at first it will be focused on investing in Splinterlands heavily then branch out to new assets funded by stable coin lp positions and staking etc. As well as leasing and creating various dapps etc.
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I can see 5 bucks on a spike or listing on binance etc. SPS now has a debit card think about it. I suggested this not sure if they were going to do it already but the crypto.com listing provides a card to cash out earnings and if you are in NY I can show you how to bypass the geo block. Also am trying to reach out to Blockcard or Unbanked as I invested in them a long time ago they have a really cool debit card for crypto and litecoin, paxos , and a bunch more use them to power there white label cards. Just received a 20X roi for my origial investment and followed on the latest with 150 bucks in a safe again. If I can get them to partner with us then we can add a SPS, SPT, DEC card specifically for Splinterlands with a NFT attached showing its a authentic club card which will be platinum or titanium and have some unique custom art done on it based on your preference. As well as have your QR code to the clubs referral program so you get rewarded for referrals to the club. The club will start most ppl unless they are veterains out in the intership program but veterains can skip it go right to parter. 75% of this referral income goes to equity in your capital account while 25% goes to a reserve fund with various digital asset hedges and synthetic btc, eth, and gold mines i can explain later plus all club members will get to acces a servie where they get 3.5% cash back on everything if the order is done through the DAPP we make as it will be connected to a fully staked blockcard and if you order through it we provide cash back in equity of 3.5% the rest goes to the club treasury increasing everyones unit value. Same with discounts for business credit cards they will be listed for sale just like we will have a market place to sell things mostly digital content but there will be local ones starting in Rochester so ppl can find other players etc. If you are in Rochester NY and play contact me I would love to meet up at parcel 5 downtown which is a park right next to the high rise I live in. Once I know you can just meet where ever but having others in Rochester that are passionate would help alot. But really anyone is welcome to message me and talk more about the club and how I am invisioning it.
I will be talking with the Splinterlands team once I have a few more things buttoned up. This could be a really cool thing if we can get the ppl behind it as well as be very lucrative by diversifying holdings to other asset classes so people playing the game have a constant stream of income coming in and it will build over time as there interests grow.
Posted using Splintertalk
I can see 5 bucks on a spike or listing on binance etc. SPS now has a debit card think about it. I suggested this not sure if they were going to do it already but the crypto.com listing provides a card to cash out earnings and if you are in NY I can show you how to bypass the geo block. Also am trying to reach out to Blockcard or Unbanked as I invested in them a long time ago they have a really cool debit card for crypto and litecoin, paxos , and a bunch more use them to power there white label cards. Just received a 20X roi for my origial investment and followed on the latest with 150 bucks in a safe again. If I can get them to partner with us then we can add a SPS, SPT, DEC card specifically for Splinterlands with a NFT attached showing its a authentic club card which will be platinum or titanium and have some unique custom art done on it based on your preference. As well as have your QR code to the clubs referral program so you get rewarded for referrals to the club. The club will start most ppl unless they are veterains out in the intership program but veterains can skip it go right to parter. 75% of this referral income goes to equity in your capital account while 25% goes to a reserve fund with various digital asset hedges and synthetic btc, eth, and gold mines i can explain later plus all club members will get to acces a servie where they get 3.5% cash back on everything if the order is done through the DAPP we make as it will be connected to a fully staked blockcard and if you order through it we provide cash back in equity of 3.5% the rest goes to the club treasury increasing everyones unit value. Same with discounts for business credit cards they will be listed for sale just like we will have a market place to sell things mostly digital content but there will be local ones starting in Rochester so ppl can find other players etc. If you are in Rochester NY and play contact me I would love to meet up at parcel 5 downtown which is a park right next to the high rise I live in. Once I know you can just meet where ever but having others in Rochester that are passionate would help alot. But really anyone is welcome to message me and talk more about the club and how I am invisioning it.
I will be talking with the Splinterlands team once I have a few more things buttoned up. This could be a really cool thing if we can get the ppl behind it as well as be very lucrative by diversifying holdings to other asset classes so people playing the game have a constant stream of income coming in and it will build over time as there interests grow.
Posted using Splintertalk
I can see 5 bucks on a spike or listing on binance etc. SPS now has a debit card think about it. I suggested this not sure if they were going to do it already but the crypto.com listing provides a card to cash out earnings and if you are in NY I can show you how to bypass the geo block. Also am trying to reach out to Blockcard or Unbanked as I invested in them a long time ago they have a really cool debit card for crypto and litecoin, paxos , and a bunch more use them to power there white label cards. Just received a 20X roi for my origial investment and followed on the latest with 150 bucks in a safe again. If I can get them to partner with us then we can add a SPS, SPT, DEC card specifically for Splinterlands with a NFT attached showing its a authentic club card which will be platinum or titanium and have some unique custom art done on it based on your preference. As well as have your QR code to the clubs referral program so you get rewarded for referrals to the club. The club will start most ppl unless they are veterains out in the intership program but veterains can skip it go right to parter. 75% of this referral income goes to equity in your capital account while 25% goes to a reserve fund with various digital asset hedges and synthetic btc, eth, and gold mines i can explain later plus all club members will get to acces a servie where they get 3.5% cash back on everything if the order is done through the DAPP we make as it will be connected to a fully staked blockcard and if you order through it we provide cash back in equity of 3.5% the rest goes to the club treasury increasing everyones unit value. Same with discounts for business credit cards they will be listed for sale just like we will have a market place to sell things mostly digital content but there will be local ones starting in Rochester so ppl can find other players etc. If you are in Rochester NY and play contact me I would love to meet up at parcel 5 downtown which is a park right next to the high rise I live in. Once I know you can just meet where ever but having others in Rochester that are passionate would help alot. But really anyone is welcome to message me and talk more about the club and how I am invisioning it.
I will be talking with the Splinterlands team once I have a few more things buttoned up. This could be a really cool thing if we can get the ppl behind it as well as be very lucrative by diversifying holdings to other asset classes so people playing the game have a constant stream of income coming in and it will build over time as there interests grow.
Posted using Splintertalk
I can see 5 bucks on a spike or listing on binance etc. SPS now has a debit card think about it. I suggested this not sure if they were going to do it already but the crypto.com listing provides a card to cash out earnings and if you are in NY I can show you how to bypass the geo block. Also am trying to reach out to Blockcard or Unbanked as I invested in them a long time ago they have a really cool debit card for crypto and litecoin, paxos , and a bunch more use them to power there white label cards. Just received a 20X roi for my origial investment and followed on the latest with 150 bucks in a safe again. If I can get them to partner with us then we can add a SPS, SPT, DEC card specifically for Splinterlands with a NFT attached showing its a authentic club card which will be platinum or titanium and have some unique custom art done on it based on your preference. As well as have your QR code to the clubs referral program so you get rewarded for referrals to the club. The club will start most ppl unless they are veterains out in the intership program but veterains can skip it go right to parter. 75% of this referral income goes to equity in your capital account while 25% goes to a reserve fund with various digital asset hedges and synthetic btc, eth, and gold mines i can explain later plus all club members will get to acces a servie where they get 3.5% cash back on everything if the order is done through the DAPP we make as it will be connected to a fully staked blockcard and if you order through it we provide cash back in equity of 3.5% the rest goes to the club treasury increasing everyones unit value. Same with discounts for business credit cards they will be listed for sale just like we will have a market place to sell things mostly digital content but there will be local ones starting in Rochester so ppl can find other players etc. If you are in Rochester NY and play contact me I would love to meet up at parcel 5 downtown which is a park right next to the high rise I live in. Once I know you can just meet where ever but having others in Rochester that are passionate would help alot. But really anyone is welcome to message me and talk more about the club and how I am invisioning it.
I will be talking with the Splinterlands team once I have a few more things buttoned up. This could be a really cool thing if we can get the ppl behind it as well as be very lucrative by diversifying holdings to other asset classes so people playing the game have a constant stream of income coming in and it will build over time as there interests grow.
Posted using Splintertalk
I can see 5 bucks on a spike or listing on binance etc. SPS now has a debit card think about it. I suggested this not sure if they were going to do it already but the crypto.com listing provides a card to cash out earnings and if you are in NY I can show you how to bypass the geo block. Also am trying to reach out to Blockcard or Unbanked as I invested in them a long time ago they have a really cool debit card for crypto and litecoin, paxos , and a bunch more use them to power there white label cards. Just received a 20X roi for my origial investment and followed on the latest with 150 bucks in a safe again. If I can get them to partner with us then we can add a SPS, SPT, DEC card specifically for Splinterlands with a NFT attached showing its a authentic club card which will be platinum or titanium and have some unique custom art done on it based on your preference. As well as have your QR code to the clubs referral program so you get rewarded for referrals to the club. The club will start most ppl unless they are veterains out in the intership program but veterains can skip it go right to parter. 75% of this referral income goes to equity in your capital account while 25% goes to a reserve fund with various digital asset hedges and synthetic btc, eth, and gold mines i can explain later plus all club members will get to acces a servie where they get 3.5% cash back on everything if the order is done through the DAPP we make as it will be connected to a fully staked blockcard and if you order through it we provide cash back in equity of 3.5% the rest goes to the club treasury increasing everyones unit value. Same with discounts for business credit cards they will be listed for sale just like we will have a market place to sell things mostly digital content but there will be local ones starting in Rochester so ppl can find other players etc. If you are in Rochester NY and play contact me I would love to meet up at parcel 5 downtown which is a park right next to the high rise I live in. Once I know you can just meet where ever but having others in Rochester that are passionate would help alot. But really anyone is welcome to message me and talk more about the club and how I am invisioning it.
I will be talking with the Splinterlands team once I have a few more things buttoned up. This could be a really cool thing if we can get the ppl behind it as well as be very lucrative by diversifying holdings to other asset classes so people playing the game have a constant stream of income coming in and it will build over time as there interests grow.
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I'm also thinking about the plot price decreasing. Have you guys read any news considering th land expansion? Any dates decided yet?
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