Reviewing my SPS Goal.. How far I have come..
SPS is one of the tokens that I have been accumulating since the beginning and I will continue to do the same unless I reach my goal. The reason is simply that I believe in the project and there are so many people who share the same thought. Splinterlands is a solid play-to-earn game built on blockchain. Splintershards (SPS) is a governance token and comes with many benefits that I will also explain in the post. SPS airdrop is the biggest one so far that I have ever received and I want to make the best use of this opportunity. We have got a couple of opportunities in the part with SPS holding and the first one was to get a 10% discount on the purchase of Chaos Legion Packs. I did buy the packs in the sale and it was a very good deal that I had got with the discount and even a 10% bonus with my purchase.
So as of now, I hold 42k SPS tokens and my goal is to have 50k SPS tokens and I am short of approx 8k tokens and I am trying to make it happen before the airdrop ends. The current SPS airdrop has completed 303 days and is now left with 62 days out of 365 so I have this much time remaining to achieve the mark and I am trying my best to achieve it. While I get daily tokens throuhg airdrop, I also buy from the market and I was able to buy a good number of tokens at the price of $0.08 and now the price has increased again. I am getting a bit greedy here because I expect that price should come down a bit more so that I can get more tokens for the same amount and this is why I am waiting.
I expect that once airdrop ends then SPS price will increase and this is why I want to buy as much as I can so have it all staked in my account. I am also planning to join the SPS pool in polycub but I dont have MATIC tokens and this is why I am taking all the into the account. This is the time when I see many opportunities in terms of investment but a shortage of funds is now allowing me to do it all in one go. So now I am focused on SPS and later I will buy MATIC so that I can join the pool for better rewards on the SPS stake.
The current SPS apr is almost 54% and it includes the reward of SPS+voucher tokens and this is a solid reason to hold SPS. SPS validator node sale just happened today and has given a good dent in the supply of tokens through burn which is very good and surely a value addition in the token economy. There are many things planned with SPS and the team often shares an update about it in the town hall so I think that now is the good time to grab as many as SPS tokens possible because not sure if later we ever get this kind of opportunity.
I am happy to earn SPS and voucher tokens daily and I get approx 20 SPS and 2 voucher tokens daily which is good enough. The voucher price has increased now because of node sale and its more than 3.5 hives. I sold my voucher earlier and purchased SPS and even have the same plan to repeat. So for one voucher, I can get approx 18 SPS which is not bad.
I will closely monitor my SPS progress now until I reach 50k and once reached then I will see what I need to do next. I can either increase the goal if its feasible for me and if not then I will continue to stake all my earnings through the stake since airdrop will be stopped but my stake will continue to earn SPS.
Thanks for reading.
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Nice moves and yeah that's nice interest... Do they have a daily bonus too?.
Yeah I'm loving those pools and reestablishing my positions!!!
Are you asking for Bonus in SPS ?
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As apart of liquidity pools some of them have a daily bonus of usually 1%. Which is awesome for me I love those pools for sure.
Pools are also a good option to choose for better rewards
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Yes they are...
50K SPS is a good goal. You're ahead of me in SPS. I think I have around 35K total. I have sold some for HIVE. I like both but I think HIVE is the one I like better.
I saw that the SPS APR is showing much higher now than the previous 27%. Do you think this is because they are doing the calculation of interest now in the form of both SPS and Vouchers? I had not read anything about this and was wondering why the APR doubled recently!
No doubt that hive is the king but SPS is also a good choice looking at the current and upcoming benefits.
You are right that current APR is added to SPS and voucher and this has happened since last I believe.
You are ahead of me in Hive and I am in SPS. haha. :) we both are growing altogether.
There is no such post about this as far as I am aware but this APR certainly looks good. It was made 60% approx from the last 27%. The voucher price is pretty good these days because of the NODE sale so a very good option to earn with the SPS stake.
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Voted my comment by mistake.
Nice goal. I did not even have 20K.
No worries buddy. whatever you have is good to HODL.
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SPS is great and brings in income every day.
Have a great day.
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The SPS has pulled back a bit, maybe I will take this opportunity to quickly pull the SPS to 50k.
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Good read here..
I'm also staking SPS from the beginning, but total amount I staked yet is nothing compare to yours. And I share the same thought like you about SPS.
Let see what's its price go after the end of the airdrop..
Good to know that you are accumulating. SPS is highly undervalued and this will grow big over time so now is the time bag more.