Node License is the next thing I am planning to Buy..

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I have been investing in various instruments in splinterlands and I am happy that this bear market is providing a good opportunity to buy and increase the overall holding. Basically, I have been investing in many digital assets, including gaming cards, various pets, and tokens like SPS and DEC. My SPS holding is almost 60k tokens and all these tokens are deposited in my account which is helping me to earn daily income in form of sps and voucher tokens. This is a very good source of passive income I would say because the offered apr is pretty good and I'm sure anyone, who think of investing will be happy to get this much income from day one.

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Until a few days back I had no plan to buy the validator node license but now somewhere in my mind, I have a plan to buy it. This is an expensive investment I and I need some time to arrange the funds because if I go with the voucher tokens then also I will have his nest 1500 years dollars along with 500 voucher tokens. Correctly the price of voucher tokens is almost $1.00 so in total 500 vouchers will cost almost $500. Considering both the total investment amount would be $2000 and this is something I need to arrange. I see a lot of people sharing their experiences about the license and even they are planning to buy more. This shows that this is profitable and I do not want to miss out here. I believe that it's always a good idea to invest in something at the right time because later you never know whether there will be a good opportunity to earn a decent income or not.

Each Node License is a transferrable in-game NFT that may be activated once the Node Program is launched (target: Q4 2022). Licenses do not expire and are eligible to earn SPS and Voucher rewards indefinitely.

License is something that will always provide a passive income to the holders indefinitely and every day some amount of sps and vouchers will be distributed. I am looking into more details to figure out how it will work once it is live. As as of now it is not live however the reward has been distributed to all the holders for the last couple of months. As per the current SPS price if I buy then I will have to spend almost 19k SPS along with 500 vouchers. This price is as per the SPS price of $0.078 and I want to come down more.

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I am not sure if this will be possible or not but if in case it comes at 10k SPS then I will just go ahead and buy without giving a second thought. It may take a couple of weeks but its fine because I am not in hurry. Investment should not be done in a hurry and this is the reason why I am just trying to find better SPS pricing. It seems that the current SPS demand can push the price higher because of riftwatcher packs.

I am a believer in the game and I am trying my best to have a decent holding in the ecosystem so that after a couple of years whatever I hold will be of great value. Mostly I am interested to create a passive income through this so that whatever I have invested as of now will be helping me to generate a good amount of passive income. We have seen in the past when the sps price was very high but now it is low which I think is a good time to accumulate more even the cards are cheap these days so I am buying cards as well when I better deal.
I will share further update about my plan to buy the license and it is one of the bigger goals that I am chasing now. I just hope that I am able to achieve this goal sooner than I think.

Thank you

Posted Using LeoFinance Beta



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13 comments
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I would love to buy one of these too. Would be super to get the daily returns from it; but I'm a very long way off being able to. Good luck in continuing to think through the investment.

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Yes returns on the license are looking and buying can be a good decision but again a study in needed.

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My eyes are on Node licenses too brother. It's an epic investment and I am also saving for it now!

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I think the SPS price will enable most of us to buy the license. Let's see how SPS prices behave in the next few days after the RW pre-sale launch.

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Thanks for your thoughts on the Node License and I hope you are able to accomplish this goal! I have thought about it as well. I haven't purchased a license yet but may partner with others to get part of one.

I need to read up on it again, first. I don't recall if we have to actually rent a server and install software to run a node, or not. That's a recurring monthly expense if we need to do that. Also requires some computing expertise, which I have, but its not something I do often so I'll need good instructions on setting the node up.

Also, I see that the interest earned on staked SPS had gone back up to over 40%. At this moment I see it is 39.69% APR. So the node license would have to bring in much more money than the risk-free interest to offset the cost of buying the license and running the node server. The risk with the license is that it stops paying SPS before the cost of the license is paid off - either through a problem we create ourselves by not configuring the node correctly or due to some other issue, like problems with the game or the Splinterlands company, or just the game slowing down in popularity.

So as I said, for me, I need to read up on all of it again! :) And I also know someone who was going to buy a license or licenses, so I should talk to them and get their latest thinking on it. Like everyone says, we need to do our own research!

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Good to know that you also have the interest to buy node and thanks for sharing your views here.
I have gone through some posts and even the experince of holders.

  • Currently rewards are good and it seems that it may take approx 6 months to get it live
  • Set up should be easy and not so complicated. It might not require so much technical knowledge however there is no official post by the splinterlands so far.
  • SPS's current APR is good and approx 40% so certainly a good option to earn through sps stake.
  • We can not predict the future but if things go well and splinterlands continue to work the same way then cost recovery should not take too long. In fact, early buyers are about to recover the cost. Please see this image for the current daily reward overview.

https://twitter.com/eddiespino/status/1569855217243492354/photo/1

I am waiting for a better SPS price and I dont want to buy it for 20k SPS and 500 vouchers so keeping an eye on the SPS.

Please do share if you buy or planning to the node and anything info that can help me have a better understanding abut liceense. As always thanks for your nice comment.

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Thanks so much for your reply! I am happy to hear your thought on this.

I see that the post about the Validator Nodes is here:
https://peakd.com/hive-13323/@splinterlands/splintershards-sps-validator-node-overview-and-license-presale

I do think they are giving SPS regularly to License holders already even though I think no one is actually running a Node.

I see that they do want you to eventually run a Node, it seems. Or maybe they will pay one rate of SPS to license holders and a higher rate to license holders who actually run a Node.

I believe, but not positive, that you will need to rent a server to run a Node. It may be possible to run one on a computer at home but I'm pretty sure you will need a dedicated IP address which usually costs extra to get one from your Internet provider.

So my big question right now would be whether you HAVE to run a Node once the software for the nodes are released, in order to get the SPS payments at that time. It's not super hard to set up a node if its in a Docker container which they say it is, but still, a person will need some tech skills or a lot of online help to do it, I believe. Also it's important to know what your recurring costs will be to run that node, such as renting a server or paying for a dedicated IP address. We will be buying a license mainly to make a recurring monthly profit and for it to actually be profitable we need to know our costs and an estimate of our income. If we buy a license for resale value, we may be able to justify a small monthly cost if we think we can recoup these costs when we sell the license in the future.

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Good points and evaluation on node licenses.
Like you, I too have decided to consider buying a license in case the SPS tokens gain value in the future because then I would only use a small portion of the SPS tokens I have in stakes.
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Thank buddy.
We share the same interest and even we are waiting for a better SPS price. As you mentioned, I also want to use a small portion of my sps stake for the license. I hope sps give us the opportunity to buy it soon. Thanks again.

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