SPS is one of the coins that I have been trying to accumulate as much as possible and that too with aggressive buying since last few weeks. This is because I wanted to have a bunch of 200K SPS as a stake in the game account. I prefer keeping all the tokens in the form of stake instead of liquid because there is no benefit keeping those tokens liquid form. The moment I power up these tokens then it starts earning an APR which is more than 10% and also these are counted for reward boost in the game. As I mentioned that my goal was to make it 200K SPS stake and finally the day has arrived.
200k SPS Stake Achieved
I am very happy to share that today I have achieved this milestone to have 200K SPS staked in my account. This morning, I purchased seven hundred tokens, and this is my last order in the series to achieve this goal. While I have been accumulating all the tokens, I received through the reward, but I have been buying a lot of tokens from the market as well. I know that reward is limited hence if I want to grow my holding then market is the best place which I have been using for quite some time. Like I said that I bought 700 tokens this morning and there are some tokens lying in my game account hence I am going to stake all of those right away. I have initiated the transfer from the Hive engine wallet to the game account.
The tokens are received and there were some more tokens lying already in my account hence in total I am going to power up 848 SPS. The process for staking is super easy and it gets done in a single click which is good. This will increase my boost from 9.26 to 9.27 which is not big but every count matters in this because with higher sps I am going to get higher in game reward also. SPS is a crucial component in the game for various reasons.
Now I have powered up all the tokens and the updated balance is more than 200K SPS. This can also be called SPS power and I'm very happy to have it finally because this is the goal that I have been chasing for many months and finally it is achieved.
The current APR is more than 10% and I think this is not bad at all which will get me a good number of tokens as part of staking reward. This balance will also help me to have better in game reward.
Next is what?
This is not the end of my SPS accumulation journey, and I will continue to accumulate more till the time I see the current price in the market. May be the case that I'll not be much aggressive in the buying but still I will continue to reinvest as well as I am going to buy from the market as well time to time. The next milestone for me is to have 250 KSPS from here and I will be trying my best to achieve that as soon as possible. I know that it will take some time, but I am consistent and focused on this which I am sure that I will be able to make it soon and it is going to happen in year 2025 for sure. SPS is highly undervalued token in the game and its utility is fantastic in entire project hence having more is great because of various reasons.
This has been a journey for SPS building that started with my first 5k SPS and then I kept on increasing the goals. It has taken 3 years for me to be here and surely not something which is done overnight. I know that the current price is very low and even after holding 200K SPS in the account the dollar value is just approximately 1700 USD. I'm expecting the price rise for SPS in the bull run and it is hard to predict that it will reach $1 but from here 10 to 15X is easily possible looking at how the game manage to grow during the bull run.
Snapshots taken from splinterlands.com
Thank you