Is INDEX The Most Cost Effective Way To Get VOUCHER?

Copy of The SPS Airdrop & New Tokens Added.png

As you may know, @splinterlands is about to release their Chaos Legion card pack. And to take part in the pre-sale as well as many promotions down the road, you are going to need to acquire and use the brand new VOUCHER token...

And to say there is a little bit of hype for this release on October 18th, would be an understatement:

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Today inside the ClickTrackProfit Telegram group, @achim03 and I were going over some numbers and something popped out to us...

It looks like buying and holding INDEX tokens but be not only a sneaky way to accumulate VOUCHER every day during the airdrop, but it might be the most cost effective as well.

Let's break it down:

I'll use my account (@jongolson) as an example of what I'll be receiving every day during the VOUCHER air drop.

First example will be from my own holdings within the game, and the second will be from my INDEX holdings.

Jon's Collection

At current market prices, my collection is hovering around $90,000 in market prices:

PeakMonsters.png

And using the VOUCHER air drop tool from Splintercards, it looks like I'll get around 4.26 VOUCHER tokens everyday during the airdrop:

Splintercards-A-complete-compendium-to-Splinterlands-a-digital-trading-card-game-built-on-blockchain-technology.png

Note: Now that being said, I didn't invest $90,000 into my Splinterlands cards but still these are the numbers I'm looking at receiving from the air drop. Plus while I've been staying a bunch of SPS, I have been selling some too. So my account is not 'maxxed' will staking 100% of my SPS.

Jon's INDEX holdings

Now this is where is gets exciting for INDEX holders. One October 18th, the INDEX will distribute VOUCHER tokens on a percentage of what you hold within INDEX.

With that in mind, this is what I'm holding right now in INDEX:

HE-Index-Richlist.png

So about 10% of all INDEX. But what does that matter if INDEX is only getting 5 VOUCHER over a month?

Fancy you ask because INDEX is getting a BUNCH of VOUCER over the airdrop, let's take a look via Splintercards:

INDEX currently holds 86,000 SPS and has 100% of them staked. We're getting about 1000 a day from staking plus the daily air drop but let's just say we'll be going into the VOUCHER air drop with around 90,000 SPS staked:

h h.png

And the math for that would be 10% of 25.54 VOUCHER a day or 2.5 VOUCHER tokens a day from the airdrop, directly from INDEX.

The currently value of my INDEX holdings is around $4500.

What does this all mean?

$90,000 worth of Splinterlands cards gets you 4.25 VOUCHER a day....

$4500 worth of INDEX gets you 2.5 VOUCHER a day....

We think that's a pretty cool thing to highlight for all you awesome sauce INDEX holders ;)


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25 comments
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It will be probably cheaper to buy index than sps now to get more vouchers during the pre-sale. At the same time if SPS and DEC continue to explode in price, this will also affect index prices in an interesting way :-)

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Exciting times!!

Looking forward to seeing if the rest of the community embraces it.

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(Edited)

Buying index is better, but their is one thing. The amount of He-index % you have will dictate how many vouchers you get.
So even if you buy a good amount of index, but overall the % share doesn't increase, you will not be benefited.
say you have 100 Index and its 0.005% share.
You bought 100 more. But overall 1000 more were bought by bigger whales, that will have an affect your % share.
I may be wrong though.

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The more people buy directly from INDEX, the more DEC we purchase. Which means the holdings increase and more VOUCHER is distributed.

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I get that Index tokens are cheaper for SPS but wouldn't it have been simpler to just take the SPS price and calculate the comparison using that?

It's a bit fairer, and still shows that it's better value buying Index tokens!

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Oh man, the funny thing is..I bet your way is the easier way to do it and more straight forward. I have the math skills of a toad and am blown away that I even figured out those numbers LOLOL

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I did have a look at Index tokens btw, there's not enough on the market at a suitable price to make them worth buying for SPS!

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I already figured this out a couple weeks ago and have been slowly accumulating....lol Now, EVERYONE is going to do it and you spoiled it for me. lol I was going to get ONE MILLION vouchers. :-)

Posted Using LeoFinance Beta

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Legend!!!

Awesome to see those buy orders for you go through :)

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The INDEX token and the fund that it represents simply grow and balance all the assets in case needed to. But at the moment there is moon growth with additional benefits and Vouchers are sure a scarce resource in the Splinterlands. It is amazing you everything works together and one asset uplifts others, like dominoes.

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It really is magical....Everything in Splinterlands just feeds off each other lol

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I mean I'm going to play devils advocate here just because I like to stir things up some times lol so don't take it the wrong way it's simply discussions and point of views.

If 20% SPS was given back to holders of Index each of them could stake it themselves and earn as well. Not only the vouchers but also of the staking rewards of SPS. So does it not make sense to start dividing up some of those assets to holders of Index instead of the voucher?

Here's what's cool though. Votes! Holding Index gives you votes much like SPS tokens give you votes in governance. I believe you put this to the same kind of vote before and the majority said keep staking from what I remember?

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Yeah majority has always said, keep staking. I mean, ideally we thought player staking was coming out a lot sooner than I think it'll be...Which sucks because we had so many plans for it, but alas...We are at the mercy of the Splinterlands dev team.

We'll revisit it of course and poll the members too, we wanna make sure token holders have their vote on how we should manage these tokens.

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Well cards themselves are quite expensive. How does the vouchers from this compare to just buying DEC and holding it for points?

Posted Using LeoFinance Beta

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VOUCHER will be used for the Chaos Legion packs. You need them to get in on the pre sale. Doesn't hurt or hinder your daily SPS air drop.

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Yea it doesn't but I was considering the trade-offs of buying collection power versus holding DEC. I am pretty sure DEC itself gives you more collection points so I think it might of been a better comparison.

Posted Using LeoFinance Beta

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Awesome thanks for letting us know keep up the great work 😉

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