What Is SPT?
The Splintertalk token SPT was created by Splinterlands as a Hive-Engine tribe on the second layer of HIVE during the first year of the game. It was originally gifted to all Mavericks (players that bought over 500 booster packs) who actively requested it on Discord in sizes of 100,000 SPT each. It can be staked and used for upvoting Splinterlands content in the same way HIVE does on the main layer. The rewards are splitted 50/50 between the author and the curators and paid out entirely in liquid SPT tokens.
There has been no other use-case for SPT up until now, with the ongoing Splintershards (SPS) airdrop. This has made SPT very valuable recently. In the future we will see fanart NFT creation for Splinterlands and potentially even an in-game skin NFT market, that is using SPT as its main currency.
Your Friendly SPT Delivery Service
The @monster-curator project was started in late 2019 by me, @flauwy, who was joined by @abrockman. Both of us invested early into SPT when only few really cared about it because we believed in Splinterlands and the power of its community.
Our true work of manually curation on a daily basis started in September 2020, after Splintertalk.io was finally migrated from STEEM to HIVE. We partnered up with @zaku and @reazuliqbal from Monstermarket.io, who created a Discord voting bot for us and another bot for our automated daily SPT distribution. By offering a 100% return to our delegators, we quickly collected around 50% of the entire SPT power that is currently staked.
With that much power we were able to put a lot of SPT into the hands of great content creators over the past year and make the trending page of Splintertalk the go-to place to find the best Splinterlands content.
We hope you staked your SPT and delegated it to us to earn even more of it. The ongoing Splintershards (SPS) airdrop of Splinterlands has made that very profitable for all SPT stakeholders. One SPT token counts as 0.25 airdrop points for SPS for 355 more days.
Why Earning SPT With Upvotes Is So Valuable
It has never been more profitable to blog about Splinterlands an HIVE. Each time you post from any frontend like Peakd.com, Splintertalk.io or Leofinance.io and you use the tags #splinterlands or #spt, your post becomes eligible for SPT upvotes. If you create a decent post with a meaningful title, cover image and a few hundred words, you will very likely get a visit from @monster-grinder.
Every 2000 SPT upvote is worth 1000 SPT for the author (and 1000 SPT for the curators). At the current price of SPS and SPT, these 1000 SPT are worth $5 in SPS airdrops and 20 HIVE when you would sell them today. Our 100% upvote is worth 7000 SPT at full voting power - reserved for the very best content!
When you stake und curate (yourself or via us), you can earn a large amount of SPT curation rewards over the year (I don't have the current APR but it is probably higher than 30%), further increasing your SPS airdrops. You can additionally stake your earned SPS and earn staking rewards of currently 365% APR (which will go down over time as more people stake SPS).
Finally, you can earn HIVE and further Hive-Engine tokens next to SPT, which can add another significant value to each of your posts.
How To Delegate SPT To Monster-Curator
To earn daily curation rewards with SPT you need to stake it and upvote daily your favorite Splinterlands content. If you don't have time or interest in doing that yourself, we will do it for you. In that case you need to delegate your staked SPT to us.
There are several frontends and tools that allow you to stake and delegate, sadly Splintertalk.io currently only has the staking feature available in the wallet. You have to use the wallet on one of the second layer exchanges for HIVE, which are LeoDEX, Hive-Engine or Tribaldex.
My favorite is LeoDEX, because you save 75% on the deposit and withdrawal fees for HIVE. Below you see screenshots from LeoDEX but it looks similar on Hive-Engine and Tribaldex.
First you need to look for SPT among the other second layer tokens in your wallet and check if you have liquid SPT available. You can see that under BALANCE. Then click on the button with the lock icon on the right side to stake your token.
A module will pop-up where you enter the amount you want to stake. Your own username should be preselected but always make sure to stake to yourself and not to somebody else, which is a feature on the HIVE blockchain.
After you successfully staked your SPT, you will see your SPT under the STAKED section of the wallet. Now you can click on the button with the arrow pointing up-right to open the delegation module.
In the module you see your available stake in SPT. Click on the number to enter the entire amount into the amount field, or enter it manually. Enter the receiver of the delegation, in this case @monster-curator into the white field labeled "To". Double check the spelling and amount and click on "Delegate SPT". (You can always undelegate which will take 5 days until your staked SPT becomes accessible to you again.)
That's it! Within the next 24-48 hours (depending on the time you delegated) you will receive your first automated daily payout.
Happy SPT and SPS farming!