SPS Node Validator License in Splinterlands
There was a time when I was super excited about the SPS node validator license in the splinterlands game. This was launched in year 2022 and at that time it was expected that its mechanism would go live in the same year. It means that it should have gone live in 2022 but now in 2024 also we have no clarity on its further development. The cost of SPS was 4k hive when I purchased the license and it was too high in the in-game market so I did buy from the hive-engine.
After a long time today, I checked the price for a license in hive-engine and its too low. I paid more than 4k hive for 1 license in 2023 and its been more than 1.5 years of my purchase. Now the cost of one license has gone down and currently, it is just 1/4 of the value that I paid in the year 2023. To be honest I never expected this price however the reward has been ongoing that was promised by the team hence I'm getting some sps along with voucher tokens every day but because the token value is less.
If we have a look at the buy and sell orders in the market for the node validator license then this value is more in the range of 1000 hive and since the hive price is low in the market this value is also quite low and since the high price is low in the market so this value is also quite low. Needless to mention in the shop option where we can buy ....based on the current sps market price in the shop option where we can buy the license, the value is the same and accordingly it is adjusted with sps based on the current sps market price.
My License Holding
As I already mentioned I purchased one license in the last quarter of 2023 and since then I have been holding it. I hold this as of now, and this license I kept in the game account. This is what I hold as of now and the reward is also claimed every day as you can see in the below snapshot. If we hold the license in the game account then we are eligible for the reward but keeping it in the marketplace will not get any reward. If we hold the license in the game account then we are eligible to get a daily reward but keeping the license in the market will not get any reward.
I get approximately 4 vouchers and 18 SPS every day as part of the license reward and this can be a good reward in terms of quantity but not in dollar value. The price for SPS is not even 1 cent now hence this value is something that can not excite anyone to buy any more licenses. I invested in the license for the long term and I was hoping for some great development but seems like things are not going as planned.
My invested amount on the license is still not recovered but since I have invested for the long term I hope that things will improve. I will continue to hold this asset in the game account and earn whatever SPS is rewarded for this. Recently the game team has been trying to remove vouchers and if that happens then I am not sure how they will adjust the reward distribution once the voucher is removed from the ecosystem. What are your thoughts on the sps node validator license? Do you own it and if not then do you think its worth investing in this now when the price is quite low?
Thank you
Posted Using InLeo Alpha
A lot of Splinterland assets have gone down in price including these validator node licences. I hope it recovers in the future.
I also hope to see the recovery soon
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The price of SPS today is really low, $0.008. I never expected it, we are at historic lows. Thanks for the info on the value of a Splinterlands node
It's the lowest as of now and hope it improves
It's not the first time I've thought this, unfortunately I see it's not the first time I thought it was the bottom and then it dropped even further. I'm not shopping for now and waiting to see what happens. Thanks for checking in with me
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Very frustrating when you invest in something with high hopes and it doesn’t pan out as expected. I hope the game developers make some positive changes soon bro
The value is too low now but I hope it recovers
Absolutely brother, I hope so too
I own a license as well. I enjoy getting rewards for holding in game. I thought the same when i purchased mine for hopes and dreams i was gonna be rich when SPS price was gonna skyrocket lol. For now i keep converting it to DEC or send to HIVE engine where i can diversify my portfolio with Liquidity Pools and HBD savings. Maybe HIVE is the token that will skyrocket. After my plots are all constructed then i will be looking to buy another node.
ya i think this one is an L. nows probably the time to invest in other games if u interested o.o
It will be worth it when the validator network get released, the team are saying they have two dev’s working on it.
On another tack I do see people trading their license back and forth, making about 50 hive each time.
i do not believe it is worth investment in it reason why price going so much down and you bought over 4k that time hive price was also up but now price are down , now its price are muuch low i have hope that more price will go down, in next few month like land plot so we should wait if we want more
Greetings
This report is the perfect example of commitment I was looking for in Splinterland.
I believe that the node license will have a major in the game evolution. Hodl your asset and when the market turn up, you will smile
Peace