A Closer Look Into Splintertalk.io (SPT)

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Some of the Tribe Tokens on the Hive Blockchain are getting more interesting as of late. Today, I am taking a closer look at Splintertalk.io and it's native SPT Token...

*** This Post is mostly Written to promote Splinterlands and Splintertalk on other Crypto Blogging Platforms...

Last week, I wrote about Leofinance.io and the LEO Miners (See Post). I started to buy some on a daily basis from that point on. I didn't get very far and only managed to accumulating 170 of them (around ~55$) as the entire supply that was left got bought up at some point. At least I managed to pick some up and I will be monitoring the passive returns they bring about in my monthly Passive Crypto Earnings Report posts.


Hive-Engine Tokens

More of the projects that run on Hive-Engine which is the 2nd layer of the Hive Blockchain are starting to show some fundamental value instead of the usual "buy tokens to get more tokens" Ponzi Scheme. They remain high-risk and won't make anyone rich but they are a nice opportunity to earn a little bit extra and a fun way to invest/speculate. SPT is one of them...

What is Splintertalk.io

This splintertalk.io website displays all Splinterlands related posts from hive.blog that uses one or more of these tags ( splinterlands | spt | steemmonsters ). So everyone that is interested in just Splinterlands content and wants an easy way to interact with the community can use this site to read, make posts, or make comments. It also bundles all your own Splinterlands posts on one central page.

What is the SPT Token

So SPT is the native token of the Splintertalk tribe which means posts will get rewarded with SPT tokens in a similar (broken) way Hive Upvotes work. If you stake SPT (It takes 4 weeks to unstake), your 10 daily 100% upvotes will be worth more. half of the post value goes to the content creators and half flows back to the curators depending on the time window of the vote where early voters earn more curation if the post ends up getting popular (at least that's how I understand it. While this model was designed in a way to get the 'best' content on top, the past couple of years clearly has shown that this doesn't necessarily is the case.


SPT Curation Solution (@monster-curator)


Some of the problems of manual curation for Splitertalk is that upvotes conflict with Hive upvotes and other tribe upvotes like Leo or Sports. So if you want to give a Splinterlands upvote you will automatically also give a Hive upvote. This makes it almost impossible not to get screwed over on curation rewards or voting power even when using a multiplier (for example x10 where 10% hive upvote gives a 100% SPT upvote). Also, the time it takes to manually curate is something nobody really has. Until this point, I always just kept the SPT I earned and never really bothered with curation since it was simply not worth it.

@monster-curator is offering a great solution in a way where you can delegate your Staked SPT to them, they do all the manual curation making sure the good stuff gets on the splintertalk trending page. 100% of the curation rewards are shared between delegators making it possible to earn some passive SPT on your holdings. See their
latest post for more info!


Use Case & Value of SPT

The token itself has (will have) 2 main use cases.

  • The first is that It decides what gets on top of the trending page of the splintertalk.io Website. The way it works is that those with higher holdings have more chance to get in there if the content they produce is also good enough.

  • The second more fundamental value will come in the near future as SPT will get integrated in the Splinterlands Game as a currency that players will be able to use to buy cosmetic items for their collection. I don't think there are details yet on how exactly this will work but from what I am reading, it will involve nftshowroom.com which is another project from the Splinterlands creators. I also assume there will be some kind of burn mechanic reducing the supply of SPT.

This pretty much makes SPT a sleeper coin right now until the moment it will actually be implemented. 1 SPT currently goes for around 0.00020$ and it has a total circulating supply of 56 Million giving it a market cap of around $11000. It has very little trading volume at the moment with 10.44$ in the last 24h.


SPT Prediction

SPT is a nice little token that mostly adds some fun to the table. It won't make anyone rich but for me, it's one of those coins to hold on to and maybe buy a small stack worth ~50$ at current prices in anticipation for what is about to come. I am holding on to all SPT I am earning for sure and am at ~36k SPT worth around 7.2$ at the moment.

A lot will depend on how widely adopted the Splinterlands game can become but a 10k Marketcap for the SPT token currently feels rather small going by how popular 'worthless skins' are in games like Counter-Strike or Fortnite. Right now it feels like a good time to play Splinterlands, earn some SPT by also getting engaged with blogging if that is your thing, and hold on to what you get delegating it out to @monster-curator for some passive earnings.


SIGN-UP PROMO OFFER

I continue to offer a win-win deal to everyone who tries out the game using my Referral Linkand from what I have seen, this is the most favorable way for any new player to sign up at this moment. Right now, this deal really helps to increase new players their collection score to at least around 5000 which allows for Bronze 1 rewards. See Full Sign-Up Deal.
To see what can be expected in terms of earnings from the Splinterlands game, check my monthly earnings reports (SPT Earnings are not included). The numbers will likely go down with the new reward restriction implementations that started this month.

To understand what the game is about and how it can be played check the video below!



Important: Treat games in the first place as games and not as investment opportunities, Splinterlands allows you to earn some money and get good returns but you are much better off flipping burgers in Mcdonalds when looking at the money earned for the time invested.



Posted Using LeoFinance



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22 comments
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Fantastic post about SPT, the best I have seen so far. And not just because you mention us. 😉

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I noticed the price spiked with their latest announcement, nice review! It kind of escaped my attention that there was a new interface!

@tipu curate

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I dont like the current system they have to much control which will not last much longer as the control will be shifting as soon as enough tokens are acquired to push a vote through to change how it all works.

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If it spiked its 100% manipulated since the mkt cap has declined so much I can change the price in what ever way i feel like as well since i have enough capital to over power the buy or sell walls which could be interesting if i can slam the price down into my own buy order and shake out ppl who panic sell which is a strategy that works well to get cheap tokens. This is a zero sum game and anyone delegating to then is losing bc of how much they take. Just think about how you can keep all your rewards or most of them and do that then if everyone does that it will force them to sell and tank the price more so you can scoop up the tokens at rock bottom prices and become the new majority holder and start it all over and you will be the one making all the money since you choked off there cash flow. You really dont need much money but i can access a few million soon so i doubt it will be much of a fight when I decide ive had enough and make a move to push them out.

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You can put sell orders on the ask and push the bid up with a very small amount of money which can get interest in the token and fill your sell like a few x above where you bought it

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next month possibly i may start really pushing the envelope to see who the players are and how much capital they have and then i can assess how to do what i want to with it. Same with many other coins to the bid ask spreads leave a crap load of opportunity as long as you have the capital to overpower the current whales in it and then you can do what you want and assume the role that they had by just making it not profitable for them. Its nothing they are not already doing,

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I will win bc i can just keep throwing money at it until they give up and lose to much and after that is when i can recoup any losses but its a risk so im prepared to lose x amount on the attempt and it is likely more than the current group is willing to withstand

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Excellent article all around.

Your explanations are clear and concise.

I love that @monster-curator is doing the curation initiative to help spread the love while SPT potentially grows.

🥰@carrieallen
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I was looking to know about SPT today, Now I got an idea since its price was increased almost double

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Make sure you buy on the bid the spread is how money is made i fuck around with the price all the time

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Does it disclose the fees and costs taken out anywhere

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From what i understand its 10% plus admin and curator fees for manual curators do you have a exact breakout showing what comes in and where it goes how much of the total goes to delegators

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I would think a better way would be to have delegators maybe get a bit extra by having maybe 20% of votes get both curation and author rewards plus combining with a LP investment to boost some of the ROI. Also take out the fee or lower it bc anyone in there owns alot of the tokens and are getting plenty id do it for 1-5% no other costs

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Also need to lower daos voting cap form 20 million to like 100k

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Will anyone make the changes to hat so ppl can vote? I want to basically put a tender offer out to buy up enough to contorl it and do those things so everyone can vote and be involved in decision making

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I dont think so much power should be in one orgs hands they just bought monstrer curator also

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I guess i have the backing to buy up the tokens but it would be slow better to get delegators to jsut delegate i do the same or better and lower the threshold then everyone can make this a sps like fuctioniog dao

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Monster curator needs to disclose fees a bit i think and i think if not alrready show a complete record of what goes where into whos pocket

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I want ot use SPT for a really cool project but will never unless its not contoled

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Idunno about that you can maker some serious money if you know what your doing

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Also will be making a competing curator that will pay much more and acutally more than 100% suthor and curator votes so Im guessing once ppl see that they will lose all there delagations bc they wont make money unless they figure out how im going to do it and are willing to take a razer margin or a sustained loss to keep control over it

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