The SPS node validator licence is an expensive asset in the splinterlands game but is available for a low price this time. I bought this license one year back and thought of checking how this purchase has been for me. I was able to buy this for 4050 hive in total and at that time the price of high was half a dollar so I paid $2000 for this licence. There have been multiple instances when I bought the asset at a higher price but later on, the price was reduced a lot and I felt like I missed the opportunity because waiting further could have helped me. The same has happened to me when I purchased Chaos Legion packs. I'm not sure why this happens in splinterlands now when the asset value is not growing and is going down. I'm not so sure but it could be because of the bear market and people are selling gaming assets at lower prices. For example, this time when the rebellion is announced many people are selling different assets for lower prices so that they can buy this new bag. Maybe the case that some players are selling their licence at a lower price.
I bought the licence on the 6th of October last year so the one year is over and during this time I have been getting daily rewards for SPS and voucher tokens. Even one year back the price of vouchers and SPS was much better but now both are also available at low prices in the market. This has already been announced in the past that there will be daily rewards for all the licence holders and in the beginning, they were paying 22 SPS tokens along with 4 voucher tokens in a day. A voucher is a token that can be used only for purchases in the game and it offers a certain discount.
I have checked the market price for a licence and it is too low that people are selling one licence for approximately 1500 hive. Considering the price for hive at $0.30, the current licence price is going to be $450 which is two less and for this price, I could have purchased at least four licences for the amount that I appeared one year back. As of now, it looks like a loss-making decision for me because that time I never had thought of such a big price reduction on the asset value I would have waited.
Price in Splinterlands Shop
There is no reduction in price for the asset in the shop and even now the price is 184k sps after the 50% discount. It seems that no one has purchased the licence from the market since the 4992 licence remaining has been for the last year and it is obvious because when the asset is available for a low price in the third-party market then no one is going to buy it from the shop. Selling at a low price simply means that the prices are going to reduce and the same has happened with this asset which I think is much valuable based on its use case but because of more sellers in the market and fewer buyers, the value is dropped.
Roughly I have got approximately 8000 SPS as part of the licence reward along with 1460 voucher tokens. If I go with the value then the value is too low and one can say that it's a loss-making deal. I wanted to buy another licence but now I have changed my mind because I do not know how things will be and there has also been no update about the licence enablement in the game. It was expected that the licence would go live this year but it does not seem to happen.
Although I'll not be selling the licence I have but plan for another one is also on hold and I will see if it is a worthwhile deal looking at the current market scenario and the use case along with the reward distribution it does not seem to be a great option for me. I think sometimes waiting further can be a good idea and probably I have purchased a licence in its initial days and this is why I had to deal with this situation when it will take long for me to get the recovery done for whatever amount I invested on this. I expect that it is going to be a valuable asset in the long term so I am going to keep it there is no plan to sell it out in the market and it is not a practical option looking at the current market price.
Thank you