Comparing the Swap Rate for SPT to the market Rate....
I've been gradually cashing out my SPT - I see it as a relatively low utility token once the SPS drop ends and so I figure I'm better off shot of it....
It's interesting to note there's quite a difference between what you get on the market compared to swapping it...
Swapping through the SPT-SPS pool...
On the Hive-Engine Market
I accidentally deleted the next screen shot but I remember I'd get 344 SPS if I swapped all my SPS at the time!
So that's 10% more swapping compared to going via the market route!
That's defo worth the 0.25% swap fee!
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I little differ, SPT was so shit priced that its current price started looking too good to cash out.
I was also cashing out SPT for DEC (for SPS airdrop) till now but now I am going to build SPT stake and going to cashout DEC.
One more use case, SPT is poised for another 2x-3x .
Have some !CTP
Why do you think it's poised to go up 2-3 times?
I think it's going back to where it was before the drop, which was A LOT lower than it is even now.
If only airdrop points is the only case, SPT is not supposed to be trading higher then DEC, But in current Market SPT is trading higher then DEC and it make approximately like spending 5x money for airdrop point by having SPT then DEC.
So my theory is ,people are not holding for SPT for airdrop points.
Yes that's true, I still see it as a bit of a bubble, like most of the other HE tokens!
I'm swapping mine for SPS - much more potential there I think. I'll probably hold onto 100K SPT though.
Actually swapping it to SPS make sense, as SPS is also going cheap.
Now SPS is something I want a lot more of!
You decided not to wait for the sale of the land)... The SPT rate gives a good increase in SPS, I don’t know, I am very pleased with the SPT coin, even at the current price.
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I'm probably thinking about where I bought at before this Splinterlands craziness started off! Compared to that the price currently looks silly.
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The price of half of my CPT coins is very close to zero, so even now I feel comfortable.
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