Will Splinterlands SPS Toke Hit $1
Splinterlands is a crypto play to earn game and has become one of the hottest games ever in the crypto space! There's huge demand for cards at the moment and that's because it's extremely hard to get your hands on them. However that's about the change but the demand is going to stay high and the prices most likely with that.
A Quick Background
For those of you who don't know the SPS (Splintershards) token is the governance token of Splinterlands. It has a number of use cases which I went over in a separate article here
In all SPS tokens are the backbone of the game now. There is a limited print number at the moment however your staked SPS tokens will give you vote value in governance of the game which allow you to vote on how things will roll moving forward. But that's not all they also give you a 10% discount when buying packs, provide you with staking earnings of about 70% which is HUGE in the DeFi world.
The Near Term
We now know that Vouchers will be required in order to buy the new chaos packs. Vouchers will ONLY be airdropped to players who have staked SPS at the rate of 33,333 a day during the first 30 days during prelaunch which comes with a number of bit bonuses in itself.
What we also know is for a certain time after this vouchers will still be required for packs rolling forward after prelaunch. This boosts the time factor and value factor of SPS in a HUGE way.
Current Packs
There are a limited number of packs currently rolling around on secondary markets. Alpha, Beta, Untamed and Dice. But we will only touch on the two most recent packs Untamed and Dice. These are currently going for nearly $70 each and mainly because they are in low supply. Taking a conservatives approach we can cut this in half for Chaos packs as there's 2x the amount that will be printed and there's a ton of them that will be available. That puts packs potential value at $35 each. With a cost of $4 on the market or $3.40 buying with SPS. A profit of $31 per pack in this example. You need roughly 3,500 SPS per vouchers per day at the moment. Say a voucher sells for $20 which I feel is still low balling it that gives added value to the SPS token. But not as much as one would think! Only about $0.005 per SPS. I still feel since SPS are in very limited supply at the moment and not being fully given away in ranked battles etc yet we could very well see $1 maybe even $2 per SPS token as they get locked up and demand for these start to skyrocket.
We will most likely see a ramp up here over the last week and when they start dropping and going live on markets people are going to get interested and buy SPS as well. This puts my speculated SPS price at $1 just before the launch of prelaunch Chaos packs and $2 in the first week or two of the voucher drop as demand skyrockets for packs, SPS and vouchers.
What are you thoughts on the price point for SPS tokens?