SPS reacting to Validator license presale
As we get closer to the start of the presale of validator licenses on Splinterlands, we see the price of SPS tokens reacting positively to the move. For what it's worth, I kind of expected this reaction.
In this round of sales, there will be 2000 individual units of validator licenses that will be sold for a total of $2m worth of SPS and 1000 vouchers combined. Assuming demand reaches fever pitch, we could be seeing some serious activity in the price of assets.
The price of vouchers has been somewhat consistent since the presale date was set for the 25th of May. I reckon we'll see vouchers stay at this rate for a while.
I expect the demand for SPS to rise a bit but I don' think it will be an aggressive move. I reckon we'll get to the 10-15 cents range at best.
Right now, there's more than enough SPS tokens in circulation to buy up all the validator nodes. However, assuming the current supply is used to buy nodes, 80% of the SPS used will be burnt, so it should still have a positive impact on the price of SPS.
In any case, there's still the little matter of the daily SPS airdrop that continues pumping a lot of SPS tokens into the ecosystem. At the time of writing, there are still 66 days of airdrop left to go, and that increase in supply could bring some selling pressure that reduces the market value of SPS tokens.
The times
I try not to be too expectant in this period. It's best to just dampen your expectations to protect yourself from disappointment.
The entire crypto industry is still in disarray because investor confidence is extremely low. So, I reckon that we'll be in the dark ages for a while.
For what it's worth, hive has been pretty sturdy throughout this period. In the past week, it has had a predictable pattern, hovering between 45 cents to 55 cents, and I bet scalpers are having a lot of fun.
I reckon that the best-case short term scenario is that SPS pumps to the 10-15 cents range, hovers there for a while and then drops back to the level we currently are in.
Considering the price of each validator license, I suspect that the first round of presale won't end in a flash. Then again, considering that in later rounds of the sale, the price of each validator node increases, there could be a rush for this one.
One thing I know for sure is that there are a lot of high roller investors in the Splinterlands ecosystem, and a $2-3m round of sale could be evaporated in a matter of days. However, I seriously doubt that the sales will go that fast but I'd be happy if I'm proven wrong.
Just days to go
Anyway, the SPS airdrop is slowly coming to an end and with that comes a mild reduction in the selling pressure of the token.
The plan is to mint 3 Billion SPS tokens in five years, so there will still be more tokens being pumped into circulation. However, a decent chunk of that will be pumped in for validators who, for the most part, are trying to ensure the success of the token, so they won't dump hard.
Ranked battles will also reward SPS tokens in the future and I'll have a clearer image of it in the future. For now, we just wait and see.
I'm looking forward to the progression of the SPS token. I believe it is going to be huge and thanks to the token, we'll have a project on hive that maintains a $1Billion market cap for the foreseeable future. Only time will tell.
Posted Using LeoFinance Beta
For sure I have looked at this game and played for a long time if you listen the literally tell you what is going to happen it makes sense. I am about to buy as many validators as possible.
Anyone interested in a investment group I am self voting right now with stake of SPT (get like 600 something a vote so it will add up after a bit) of like 4 million or so to fund some intital investments for free for some players to start. There is also one other funding option which is opening 1000 worth of bank bonuses at the TBD referral link site which will provide the links to the referrals that are required and ones you may choose from to get to the thousand plus in referrals to fund everyoone for free giving them 1.5X in equity at NAV post contribution value per share and the extra 500 plus comes from the GP reward which is me who gets 1000 or more if more are done of which I am awarding boniuses of 500Plus to each person who does 1000 in bank bonuses from my list which I will post soon. You can do more like say 20,000 and receive more equirty as a bonus like 75% so a total equity of 17500 for a bonus combo adding up to 10K giving me 10K of which you will be rewarded with 7500 of my tokens and more warrents or a piece of the split as well. My equity and the other GPSs is funded by the 500plus left as well so bank bonuses pay for the entire investment in the token plus a exrra bonus of 50% for under 10K and 10K plus 75% which is paid out of the referral bonus I get equal to yours. This gives your much more cash flow and also funds the GP team. There will be some initial investments made by me into the fund and eventually up to the first 100 PPL will need to either do 1000 from bonuses which receives 1.5X and .5X of equity out of my reward from the referrals. If you invest 10000 or more using bonuses only you will receive 17500 in equity for 10,000 in bonuses and the gps receive 2,500. Also anyone who does 25,000 in bonuses gets 1.8X and 50,000 at 1.85X with .15 given to the GP partners and you receive a max of 85% bonus if you invest 50000. If you contribute a validator node you will receive a warrent which give you the right to receive a portion of the the 5% equity in the final regulation A and any round in between and the right to participate in the debt funding round if you wanted and a additional % apy will be added. If you have a 25,000 plus investmet you receive a metal Blockcard that will be engraved and printed with Splinterlands and the SPL Group Platinum Member and try to get real platinum cards made offering 6.23% cash back with SPS by having it possibley use TERN and a bankers NFT I own to aviod fees and I have 4 of them so that can be a special thing received by some of the people that will be helping alot and the cards will hopfully be a combo of palladium and gold cards along with a titanium plate where the keys are hidden.
Really looking for land and validator nodes as well as SPT stakes, oneup, other interesting coins we can provide as a staking service. Also we will provide a SPT scholorwship of votes per day per person in exchanges for 50% commission for backing them.
We will have 50% as stable coin defi which we should get 20% and remaining will be SPS and SPT as well as land and validators which we will have a great advantage if we are able to pool a fiew and get SPS staked on us and be able to get earnings forever in the game to bc the 5 years will end. The SPT token we will have 4-5 million I am adding to give some large votes out while its cheap.
I am going to be at Splinterfest to talk to people as well and meet everyone since I invested in the game it would be cool to finally meet everyone see what I can do to get a fund that is completely funded by bank bonuses and maybe we can get a bonus from Splinterlands in some equity like I have or extra dao units on SPS and SPT. We will split the earnings from every stream in kind as every partner will have a inbetween account made by us where we put distributions and collect the inintial capital calls from bank bonuses. My goal is to actually fund a splinterlands themed building thtat caters to digital asset gamers specifically featuring splinterlands so it gets bigger benefits the DAO holders as well as shareholders like me to.
Posted using Splintertalk
Everything I read suggests that SPS has great potential. It just may take a while.
It's going to be huge man. I'm so excited.
Posted using LeoFinance Mobile
Thank you for this recap.
I have been HODLing (and selling) and staking, and watching.
But now I am starting to understand a little more about what I have.
Thanks for the update.
Well i also have 25k sps tokens but my target is always 50k sps tokens and it seems like it is now possible because of the low price of SPS. I am accumulating sps as much as possible. I hope i will reach my target soon ♥
Posted Using LeoFinance Beta
I think SPS has potential but there just isn't much to put your faith in right now. It's a HODL for me and I have been taking some profits with the VOUCHERS.
For the validators, I don't think it will sell out at first either. It's just way too expensive for me to think that there will be that many people buying in right now without SPS utility.
Posted Using LeoFinance Beta
Will you try to get one? I will try mate, I hope I can get one but ye... people will be fast on the trigger, hoping to be faster lol!
!1UP
https://twitter.com/belemo__/status/1528310272162668544
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
With SPS you have to play the long game. I can see the token price at about a dollar at the start of the next bullrun.
That would be nice.
The whole splinterlands game has been a long game.
Those $10 I invested surely have grown.
Oh, was not it at 18 cents around 2 weeks back?
Not much of a pump to me!
I completely agree with you) shopping during the fair is not the best time, you need to wait a bit until the hype subsides.
Posted Using LeoFinance Beta
You have received a 1UP from @luizeba!
@monster-curator, @oneup-curator, @leo-curator, @ctp-curator, @bee-curator, @vyb-curator, @pob-curator, @neoxag-curatorAnd they will bring !PIZZA 🍕
Learn more about our delegation service to earn daily rewards. Join the family on Discord.
PIZZA Holders sent $PIZZA tips in this post's comments:
@curation-cartel(20/20) tipped @belemo (x1)
You can now send $PIZZA tips in Discord via tip.cc!
That's a giant step! From $78M to $1B!
Posted Using LeoFinance Beta
Sps for me is a buy and ever since have been accumulating I have never sell it and I'm only taking profit through voucher which i think it is better. The sps token doesn't have much usage now but let wait and see what the futures brings
Posted Using LeoFinance Beta
Congratulations @belemo! Your post has been a top performer on the Hive blockchain and you have been rewarded with the following badge:
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPSupport the HiveBuzz project. Vote for our proposal!
Hopefully not yet.
I still need to double my stack of SPS to ensure I can service my PLOT of land when the time comes.
Posted Using LeoFinance Beta