Hello to Splinterlands and Hive Fam,
Hope life is treating you well wherever you are in this part of the world.
My Splinterlands Game account is - FinPulse9.
Splintershards (SPS) is a valuable token of the Splinterlands game. I got to read about this token's white paper, which you can also call a document, and it looks interesting how things are planned where the community is in the major interest of the project. I did not know that the game continued to AirDrop this token for the entire year, which I think is the biggest highlight of the token. I did not know that there was any project in the crypto market that could have done this type of air drop. So it was surprising for me, and now I think that because of this AirDrop, the value of the token has dropped a lot because people got a big amount of tokens through the airdrop reward system. It looks good when people are rewarded for free, but most of the time, this reward is sold out and dumped in the market.
Splintershards (SPS) is a cryptocurrency governance token integrated into the Splinterlands game, providing players, asset owners, and other stakeholders with increasing levels of decision-making ability and control over the product.
This is the basic definition of the SPS token, which I have taken from its document. If you have not read the document, I would encourage you to do so, as it can provide you with better insights about the token, which will surely be helpful to you. You can refer to this link- https://sps.splinterlands.com/ for the whitepaper. I feel like it's a bible of the token, which is worth reading, and it can get you more information about the token and its future.
This blog is primarily not to discuss the token white paper. Rather, it discusses why it is good to have more SPS tokens in the game as what it takes, and what reward it offers. The screenshot I have shared below is the balance I have in the game account, which is 115K SPS Power, and the current value is ~845 USD on the current price in the market. Now I will share the point that I want to bring to your attention that which offers an APR of 10.85% currently for all the staked tokens in the game. It means if you are keeping the token lean liquid form, then you will not be rewarded, but if you stake those tokens, then that balance will start accruing some reward, and currently this reward is almost 11% which I think is very good and way higher than what the traditional banking system offers.
So it's like if you are keeping 100K tokens in your game account, then by the end of the year, which is 12 months in general, your holding will be increased by more than 10,000 tokens, roughly based on the current APR, which is kind of stable from the last few months. I can't say how it is going to be in the future, but based on what I learned, it is not fluctuating much at the current rate, so a little bit of volatility on the APR rate is expected, but I don't think this is going to be big. APR is just one aspect that I have discussed, and certainly a great opportunity for the investors, and the second aspect is going to be the price increase.
The investment in the SPS token will grow when the price increases, and I believe in this bull market, we will see some good value increase, but again, there is nothing that is guaranteed in the market, so everything is based on the market movement and how it performs.
This is the price chart graph for last year, where at some point in time, this price was slightly more than one cent, but for a long period of time, it was below $0.01. I have also checked its all-time high price, which is close to $1 and in the current scenario to be honest, it is not going to happen soon, and we are not going to see the one-dollar price for the SPS token. It is the crypto market, and everything is possible, but based on the fundamentals and overall circulation supply, and the volume it has, it looks like it is not going to happen soon.
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The current price is low, and all the time high price was very high, so this time the price is at its bottom, where a little bit of fluctuation is still expected, but I believe that the higher potential for the coin is to go up. It might go down, but that probability is very low, and from here it is expected to go up most likely, and we just need a good momentum in the market, which will kick off its price. We cannot say what price we're going to see for the boiling market because it is completely dependent upon the market and overall demand and supply but all I can say is that the growth we can expect on the coin once the alt rally starts So like many other points this is also going to grow But you never know when that time starts so have some passions and keep on holding your balances for the SPS coin. Thank you!
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Image Courtesy- Splinterlands.com game website