Staking SPS at an APR of Over 34% is a great deal

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Splintershards (SPS) is a governance token of the splinterlands game. I am bullish on this token because for some reason and my goal is to have 20,000 tokens in my account. These days the token price is low and because of this I see it as a good opportunity but I am keeping my fingers crossed to see if the price drops further iron which can give me, even more, to come for the same value that I will be investing. This has happened in the past when I purchased tokens at a higher price and after buying the price dropped. This made me think again that I wish I should have waited for some time. I am not sure whether the price will drop or not but I am just trying to see if that can be a possibility and if it happens then probably I'll get more tokens. It is the crypto market and in any market, we cannot predict the next move completely however we plan certain things and especially with the buying, I believe we need to have patience because this can help us get more.

I have more than 16,000 tokens in my account now which means considering my goal of 20k SPS tokens I have achieved my milestone by 80% and for the remaining 20%, I am on it to achieve before the year-end. As per the snapshot now I have 16187 tokens in my account and this stake is earning an apr of 34.15% as of now. This percentage of apr is very good and I believe anyone holding the sps token can go for this. Although this is a combined apr that includes voucher tokens as well as SPS I think even with that it is a profitable deal. Even now if someone decides to enter the sps and buy the tokens at the lower price which is available now. The price of sps will grow over time but for now, buying is a great opportunity and that two we can earn an apr of almost 35% on the stake.

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The AirDrop for sps ended one month back but it's still on my steak I'm able to earn about 15 tokens in a day which means in a month I should be able to accumulate a minimum of 450 tokens. Since I'm also buying from the market whenever I see the opportunity so I believe that by end of this year I should be able to achieve the milestone after NTC tokens easily. There are many benefits of holding the tokens in the future as announced by the team and even now you can earn a good amount of apr considering the current low market price. The voucher token is also a very good token that can allow you to get additional packs if you are buying or you can sell the tokens when the prices are high.

Another thing I would like to highlight here is that there will an AirDrop for sps holders but as of now details are not shared. This AirDrop has already been announced and more details will be shared soon I believe so the more sps you hold will bring you a better amount of AirDrop. In September we can see the launch of mini rift water packs and in the presale, I believe sps will be the only token accepted as a payment option and this can contribute to the price increase in my opinion. Although I have decided that I will not be using any token from my deposited holding to buy the pack because I believe this will not be a good idea. I would be buying more tokens from the market that I will utilize to buy the packs I and I have also got some voucher tokens which will help me have more packs as part of a promotional offer.

So overall the sps is one of the high-value tokens which is available at the rock bottom price. I believe in the ecosystem and the project and This is why I am trying to increase my holding if you also believe in the project then I would suggest you invest in sps but again this is not financial advice from my side. You are required to do your research before you decide to invest because profit and loss both will be yours and here I have shared my opinion and the strategy that I follow with sps buying and accumulation.

Thank you so much
Stay Safe

Posted Using LeoFinance Beta



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4 comments
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what do you thing about providing liquidity to the pools at around double that? for swap.hive:sps

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Staking 80% of my SPS, the rest will buy me some Riftwatchers booster packs. ✌🏻

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