Multiple assets are available in the splinterlands game, including cards, tokens and even some other assets including lands. This time when the market is not doing great I think is a good opportunity to build more and I know that it is a time-consuming process because you cannot build a bigger stake in just one day and it takes time. I think the important part is that we need to have a belief and a plan to build the stake because your stake is your voice. I mean to say if you have a stake in the game then you can be part of the governance and you have the option to support or reject any proposal which has been either submitted by the team or anyone from the community.
SPS is the governance coin which means the bigger stake you have the bigger influence you are going to have on the governance side. While governance is a very important part of any project at the same time the token holders are rewarded with some extra benefits and APR is an ongoing benefit that is provided to everyone if they hold a stake in the game. Its been more than two years since when I have been trying to build the SPS stake. My accumulation started when the sps price was almost $0.30 and it is still on when the price is not even two cents. This is how should be long-term commitment and I follow the same. I have seen the day when the sps was almost $1 and that was really a high price for the token and now it's not even 2 cents which is also a situation for this token in the market.
Why I grow my SPS Stake
I think as a player whoever is playing the game knows how important it is to have a bigger holding for the SPS. Now since we already have the reward multiplier in the game we know that with the bigger stake of sps, we can be the ones getting additional benefits as part of the reward. We can avail the higher multiplier that will turn out to be probably a great reward in the game and that's what as a player everyone expects. We all play the game and enjoy the battle on the ground but at the end of the season, we expect something exciting as part of the season and reward. This is where the reward multiplier comes into the picture but it also depends upon our SPS stake. I keep on adding more SPS to my balance and I hope that by the end of this year, I should be able to make it around 150K SPS in total.
Even after achieving this milestone, I'm not going to stop myself because we are just peers the journey is going to be continuous with accumulation. For me, the current market price is not an important factor because I'm not going to sell even if the price rises and this is because my region for accumulating the tokens is related to the gameplay and not just about the booking profit. You may say that booking profit is also important and I agree but with SPS things are different for me. I don't want to lose my focus on the assets building so if I start selling then I believe I might lose my focus and that's what I don't want.
Bought another bunch and Staked
This morning I bought another bunch of SPS tokens from the market and powered it up in my game account. There is no benefit to keeping these tokens idle in the game and I always try to stake since with staking I get the benefits. This is a good morning when I have added more than 800 tokens to my stake and this is really.
Here I am with my updated steak which is 140K SPS tokens in total. Now considering the next goal for me which is 150K, I am just 10K tokens away and I hope that by the end of the next month, I should be able to make it happen. The APR is still better which is almost 15% and this has dropped in the last few months. I don't think this percentage is bad because, in the real world, we hardly get this much of a return through banks or any different financial institutions.
Undoubtedly the current price has helped me to build this whole day and if it is continuous for some more time which can be the next few months then I am pretty sure that I will be able to accumulate more SPS. I believe that it is a great idea to buy more SPS from a player's point of view because this can give you the immediate benefit in the current season and you will be getting it as part of the game reward. Whatever value appreciation will happen over time is a kind of bonus benefit that you will be getting anyway which is why I think it is worth investing in SPS as of now because the price is very low. Maybe it drops further but the possibility of going up is much more than the going down. You can share what goal you have with your SPS and how much you are holding as of now.
Thank you