So hello everyone how are you all hope so everyone is well and good so friends today i will be sharing my analysis about the SPS token so ill try covering out each and every aspect about it.
So everyone who is playing Splinterlands are aware of that the team has launched it's governance token few months back. The only way to get these tokens is through the airdrop or from direct buying from the market place.
SPS is been currently traded at 0.17$ falling from around 1$ price mark and we all know the reason. Dump which came into the market has brought almost all the tokens price down. Also as everyday huge amount of tokens are awarded in terms of airdrop so even the selling pressure from this side is also an reason for the dump.
I think once the airdrop gets over in 190 days so after that we can see slight improvement in the price of token but still i believe that in the time period of 1 year or so we are definitely going to see it trading at 1$+ mark.
Airdrop can be claimed in many ways. If you are having the splintersland cards then they have some specific airdrop points based on which people receive sps daily. Also by holding the DEC token you get eligible for the airdrop points and based on which SPS is alloted to you.
Hear is the list of all the things which you can hold and get the airdrop but from my point of view holding DEC will fetch you the heighest rewards.
I am having around 1 million DEC tokens for which i get 100 SPS daily which means for every 10k DEC holding 1 SPS is alloted which is quite good.
Staking SPS has its own set of benifits basically it has two benifits one being the APY which is been provided which is approx 38% which is quite good.
The second benifit of staking SPS is Voucher which is given to the people staking SPS.
Further these Vouchers can either be used for buying packs at a discounted rate or can also be sold in the market easily.
Getting back the staked SPS is very easy you just need to click on the unstake button and done now you will receive your staked SPS in 4 equal installments every week. This is done to protect the price of the SPS token as from this way no major dump can be seen.
So if you will see the entire system you can see there is so many ways to earn just by owning any of the above mentioned thing in the game you can earn almost everything from it and that too with good APY.
I am really enjoying the rewards which i am getting from it as it is all passive income just invest once and it's all done.
So that's all for today guys hope so this post will help you in understanding about the SPS token in a better way.
My Refral link: https://splinterlands.com?ref=sumit71428
Thanks friends have a great day ahead.
