Magical SPS
I've been playing this game for a very long time. I checked my account recently and I have played around 20'000 games! And this is only one of my 4 gaming accounts... Let's say I'm quite addicted to this game and since the SPS stuff was introduced... even more...
Why SPS is so powerful
When you look at your daily airdrop in terms of SPS, you see that in a way all your assets in the game contribute to it. Your cards, your plots, your DEC,... This means that if you sell your cards, plots or DEC, you might receive less SPS the next day. I believe that the authors of this game have landed a very powerful concept here. All player are discouraged to part with their in game assets.
Since all my assets contribute to the size of the airdrop of the following days, I don't want to part with them. This gives and additional value to all these assets
In other words, the assets become dearer to us because they have an influence on our daily airdrop, a kind of passive income that is very interesting. The result of this is that all the assets go up in price. Added with the FOMO that has brought many new players to the game, prices exploded.
Making sure that SPS has value and all the other assets will have value as well
In a nutshell this concept will allow to sustain the value of the assets in the game. The only thing that the game makers need to make sure of is that SPS keeps a certain value.
Then the staking comes in
As of today you can actually get rewards for staking SPS. This is nothing else than another passive income for us players. If I stake a lot of tokens, I get more SPS. If only few people stake SPS, I will get a bigger chunk. If a lot of people stake SPS, my part will be smaller. In other words, it's much easier to have an interesting stake at the beginning when not so many tokens are in circulation. If I stake a lot of SPS now, I will get a lot of SPS for staking. The longer the airdrop lasts, the more SPS will be in circulation and the APR for staking will go down.
A good idea is to stake as much SPS as possible now. It will never be possible to earn as much as in the early days.
This brings us to the next point. Since the reward pool for staking SPS is fixed, the APR will go down over time and will make the amount of SPS that everybody gets smaller and smaller.
Since now it's the best moment to stake SPS, people will buy SPS to stake it...
An automatic stabilization of SPS prices
Thanks to the staking mechanism, you have an increase of demand for SPS because of the people who see that it's the best moment to cumulate a lot of the tokens now. At the same time, because of the staking, you have less liquid tokens in circulation. Both mechanisms work in pushing the price up.
SPS is definitely magical for the whole Splinterlands ecosystem!
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Annnnd....I'm going to go buy another GFL now LOL
Yeah man, this is absolutely brilliant!!
I got little wrong ,I thought SPS staking rewards for "Ranked battles" only but look like Splinterland is doing nice SPS airdrops.
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I saw the nice GFL that you bought. It must have been quite pricey ;-). This SPS concept is really amazing. I'm staking ;-)
SPS via airdrop, SPS via Staking ,SPS via ranked battle, it all now "SPSinterDrops" instead of Splinterlands.
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I like the splinterdrops ;-). Nice time to play the game!
Let the magic continue. I wonder what they will be doing with SPS once the airdrop completes in a year. Will there still be enough left to continue the staking rewards?
There will also be gaming reward and staking reward that will be fed from other pools. The next year looks promising :-)
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Well I staked all of my current SPS. I am looking forward to see how it moves over the next year or so.
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I'm staking 90% of what I get. Like that I get some liquidity as well :-).
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Fully agreed Achim, there is no cure for you, so it is great that the magic works so well, and it takes the rest of Hive with it too, keep on playing and stay awesome.
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Thanks a lot for the awesome curation Erik!
Thanks man and keep up your awesome work.
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