Splinterlands - Increase your earnings by playing and reinvesting SPS

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In Splinterlands there is a lot of controversy on the published decision to make SPS staking a factor on the rewards earnings. While this was anyhow part of the whitepaper and quite long overdue, now that the Splinterlands team finally took decision to take action on it and implement it, it seems that those milking the game for SPS rewards and selling them right away have started to voice themselves as an opposition to this decision. Myself I am positioning on the other side of things as I have been gathering SPS tokens since they've started being airdropped and I am continuing to do so. Why? Simply because at its core the governance tokens are the most powerful assets that one could hold if they have use cases within the game. And with the SPS staking requirement to be factored into the earnings, I think we are starting to finally see real SPS use cases.

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SPS rewards

What I like about this decision and the new system that will be available probably somewhere in Q3 of 2023, is the fact that you can increase your earnings by playing and reinvesting SPS. This are the pillars of a healthy economy as will incentivize players to hold on their precious SPS tokens instead of dumping them on the market and either exchange them for other cryptocurrencies or buying NFTs. It simply adds value to the SPS token just by holding it and should make the market more dynamic and create buying pressure. And as most of the bot farms for sure do not meet the criteria we might see some leave the space which should imply more rewards for fewer human players. And this is a good thing in my opinion.

SPS renting

Along with this we will have a new market create for renting SPS tokens as considering the thousands of players (or better said accounts as many of the players also have alts), it will simply not be enough SPS to maximize the earnings through matching that with staked tokens. So imagine that if now you earn 20% APR from staking it, you could add some new earnings from renting your SPS tokens that you have in excess. In my case while I have 5 accounts that I am playing with or even split with some of my friends, I will be able to meet the levels of required SPS staked in order to get most of the rewards and we'll have some SPS remaining to be rent. So, I will be able to tap into a new revenue stream.

SPS DAO Treasury

Along with the new use case for SPS and the new markets and functionalities that will be opened around it (rent and delegate SPS), should appreciate the SPS price which ultimately will determine also an increase of the DAO Treasury assets. That should allow the community and SPS holders and investors to better use the funds to expand the game and benefit them as well. I think that the DAO Treasury has a hidden power that still awaits to be unleashed. And us, as SPS holders, it is like we are entitled to a specific share split from the total number of assets of the DAO Treasury. While this is a simplistic view and there are so much other greater things to be done with the DAO treasury, that's still an angle to view things on it.

While the staking SPS is a new and long overdue use case for SPS, I hope that this is only the beginning to strengthen and capture more value for this token. If the DEC gets pegged and we'll enter into a flywheel effect to sell SPS at pegged value within the game and buy it back once the market gets settled, we'll see another indirect use case for it. Such mechanics are improving the tokenomics from Splinterlands and with that more players we'll join the platform seeking for some sweet returns. But that will not happen almost for free, but will require some investment which in the end will be reflected also in the earnings of already established SPS stakers and holders. And I think that such an economy is one healthier and which can make this ecosystem provide earnings steadily and without dropping as going with a car downhill without any brakes.

Come and join the amazing world from the Splinterlands!

Posted Using LeoFinance Alpha



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15 comments
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Greetings,
SPS has a lot of important roles to play in the game
However, the incentive to hold on to the SPS is not really impacting the market
SPS value on exchange keep falling
I am sure the land project will change this dynamic
Peace
!PIZZA

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Until now indeed everyone was selling SPS. With the land and also the SPS requirement to maximize earnings, I believe all that will change.

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SPS surely is a good coin to cold, but this has too much utility coming up. Dec burning event is going on, if it impacts the price of DEc, other tokens of splinter lands will also see the impact.

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It is a good time to gather some more SPS while the price is low as with DEC pegging, land launch and SPS requirement for rewards, I believe we will see a great appreciation for it.

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Every game implements the concept of play to earn. Need to make sure the economy is sustainable. Otherwise, people just accumulate the token and sell it on the market.

The negative aspect is the SPS drop in value overtime!

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The price dropped as no use cases were implemented for it. But we are on the verge to change that, thus I foresee a price appreciation for SPS in the near future. Couple that with a bull market and that will be the perfect ingredients for some serious rise.

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Whenever there is a burning brick of anything in the market, we see that the market goes up, the price of the coin goes up and all the things that happen with it, people start pouring money into it. And it's much better for the user.

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