SPS Tokenomics Keep Improving & Giveaway
Great news for SPS holders on the last Splinterlands townhall, apparently once the battle reward switch from DEC to SPS you'll be able to burn SPS in order to get DEC. We're still missing a lot of details about how much DEC you'll be receiving per SPS, I would imagine the team will use the price ratio between the two instead of the fixed price of $0.001 per DEC.
More good news! The battle rewards will be paid out as staked SPS meaning that players won't be able to sell it immediately, it will take at least 4 weeks to power it down. Some players are not a fan of this but most long term holders of SPS are actually on board with this, me included.
The Rift Watchers pre-sale will start next month we are likely to see a lot of SPS going out of circulation because of it and on top of that players will have to keep burning SPS in order to get DEC to buy cards, packs, rent cards, etc...
This is very bullish for SPS, there's a big supply crunch incoming and the SPS from battle rewards will take some time to enter the market.
The team proved once again to be very focused on the economics of SPS and the whole game, always looking out for the best interests of the investors.
Giveaway
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The winner will be picked by a randomizer and will be announced on next week's giveaway post.
⚔️ Cards for this week:
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@mxm0unite was the lucky winner from last week's giveaway! I will send your reward right away!
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Loved the news as well, especially because I believe this will also drive the DEC price to its supposed peg. Cheers! !BEER
For sure, with all the battle rewards being paid out with only staked SPS there will be a LOT less DEC being printed daily which should push the price back up to the peg.
Thanks for participating in the giveaway 😁
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!Gif thank you
Staked sps+ sps to Dec burning mechanism. Looks like everything is done to give sps more value. Great news!
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The team seems really focused on improving SPS utility and value!
Very happy about how they’re doing
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count me in
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Via Tenor
I want to participate @yeckingo1
I'm in
Thks
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Niice, thanks!!
@dstampede
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Count me in why not never hurts to keep stacking the deck!
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It's quiet a challenge for New players, the itch to not sell SPS immediately especially when market get's Better. But long term holding via staking is best💯✅
Please count me in!
Cheers🥂
Thanks for sharing! - @yonilkar
Sharing some news, awesome.
count me in @jfang003
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Count me in please! @lorddiablo 😊
Count me in for the Lava Launcher please. @flummi97
@jdike loves to enter giveaway
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