When SPS was announced, I had made a goal for myself, that I accumulate 300K SPS and stake it. SPS was once at all time of high of $1, and that goal was too audacious for that time but thanks to good airdrop for me and the drop in SPS price, which helped me to buy a good amount of SPS. Also, I have earned SPS by battling my way in the Splinterlands battle too. All of the factors helped me to reach my 300K SPS goals.
Since then after reaching 300K SPS goal, I specifically moved to pursuing my Hive goals and I guess I am doing fine there. But even after reaching 300K SPS, I did not stop staking the SPS that I earn. Also, I do not sell my SPS even after reaching my goal, and keep continuing to stake my SPS that I earned from the staking and earned from the battle and this helped to reach 400K SPS . Also I hold another 25K SPS in my other alt accounts and this was SPS, I guess I purchased around 50 cents per SPS token though at current price SPS is trading below at 1 cents.
But still, SPS is currently showing sign of recovery and looking good to move towards 1 cent. I already shared my thinking about SPS movement for coming years in my earlier post and I am sure having SPS is really going to be good for the long term. Since I started with goal of 300K SPS and already reached 400K SPS and I still presume SPS is undervalued, so it means, I am going to keep staking SPS and not going to sell. So I guess I am on my way to 500K SPS but on side note, I am not aggressive for this goal as I am also pursuing goal of 50K HP before the end of this year (currently close to 41K so require 9K more) and having 1 Million COLONY token (250K token staked). If I reach this goal and then I definitely make some speedy progress to 500K SPS by buying SPS.
First of all SPS is a governance token and Splinterland's altready set up the DAO (Decentralized Autonomous Organization) for creating the community proposal and get voted on the proposal. Your vote weight on the proposal is actually directly proportional to the amount of SPS staked by you. On top of it, DAO is not at all ceremonial body in most of cases happened in other crypto projects but a real economic force in the game as it holds funds amounting to millions of dollars in different currencies. So DAO economic power and proposal system is fully capable of shaping the direction and future of the game and having your stake in the game give you the voice that how you like it to be shaped. Also you get the staking rewards for staking SPS as SPS and VOUCHER tokens which is currently close to 7%, but if VOUCHER price increases, this staking APR also increases. Whenever a new VOUCHER specific card released, VOUCHER price appreciate upto 25% in that period, making staking APR to cross or close to 8%. One can always keep their VOUCHER can sell these VOUCHERS during these events. If you are actively battling in the game, then your SPS rewards are also proportional to the staked SPS (not in linear scale but in logarithmic scale, that ensures after a point having such more stake do not increases rewards as such in game battles.). Splinterland's also allows to delegate the SPS to other fellow players, So if have excess SPS then you can delegate this SPS to other players and earn a topup of 2.5% on it but without impacting your own staking APR and governance vote value.
I am still bullish for SPS in coming year and not going to sell my earned SPS and keep staking for more, just wondering what are your plans for the SPS.
If you have not played Splinterlands or will be returning player, then I will say let give Splinterlands a try. If you like to read more of my recent Splinterland's post, then please find the link below.
Splinterland's : A Life combination that is very hard to take down.
Splinterland's : Are Foundation cards hurting Splinterland's economy?
Splinterland's : Will SPS be in upward trajectory from here?
Splinterland's: My biggest purchase of this season and currently in the top 50 of leaderboards
Splinterland's : Reactivating my third land plot.
Splinterland's: A lucky day and why you should play Frontier mode too.
Splinterland's: Wear your Avatar.
Splinterland's: Making my armies stronger.
Splinterland's: Collected all the Legendary reward cards of Conclave Arcana.
Splinterland's: Pulled up a Gold Foil Legendary, Is it really a $200 pull?
Splinterlands: Getting back to play again.
Splinterland's: Kaylia Silverleaf is deadly with "Elf" Dominion cards.
Splinterland's: Starting my Conclave Arcana journey.
Conclave Arcana Splinterland's: New abilities review and strategy to use them(Part 2).
Conclave Arcana Splinterland's: New abilities review and strategy to use them. Splinterlands: 22nd April has a lot to offer.
Splinterlands: My memorable/remarkable moments
Splinterland's Changes that helped me to reach Leaderboard position
Splinterland's : My tips to survive in Survival mode.
Splinterland's : My honest review of the Survival mode.
Splinterland's: Step by Step guide on creating and renting custom sets.
If you want to play splinterlands then you can join it here
I saw a few of the players joined the game using my affiliate link and then stopped playing after few battles. If you have any difficulty in playing game, do not hesitate and join the game discord. It is really helping community and contact me here or on discord, I will definitely review your game for your better game experience.
