Investing in cryptocurrency and blockchain products is not as difficult as detecting working projects with prospects. With growing concerns on the centralization of blockchain projects and folding up of others, this long bear is proving which crypto project is resilient and can guarantee a future return on investment. Within the play to earn, DeFi and GameFi category, Splinterlands stands out uniquely with advancing innovative developments and on-timeline building successes. It therefore doesn't require many iterations to decide on whether to invest in this leading blockchain game or not.
Being built on the Hive blockchain, Splinterlands continues to scale its development with lofty additions coming alongside juicy rewards to player and investor loyalty. It is on record that staking Splintershards (SPS), the governance token for the Splinterlands ecosystem isn't just serving DAO and rewards utility within the splinterlands game, it has become a yardstick for receiving airdrops for another highly valued play to earn asset serving the sports sector.
As we prepared for the first snapshot of Staked $SPS balances towards the onward distribution of the first $GLX airdrop, it became necessary to level up my $SPS stake to my long desired goal of 2,000 tokens. I braved to stake 600 SPS tokens. That should hve been worth about $40 as at the time of the purchase. That stake brings my total SPS stake to 2,0004.
Holding 2k SPS stake is just about 0.46% of the total SPS staked. That looks like a near insignificant proportion but it has great value. With the fact that SPS is in it low days, compared o the glory fays of $1.27 and more, buying in and hitting this goal is a great deal for me. Looking at a market capitalization of $51 M for SPS would tell one how potent the token is and how lucrative it would be at $200 M market cap.
Staking that amount of SPS do not only avail me to vote on proposals towards decisions in the splinterlands ecosystem, it is a DeFi investment with about 30% APY.
Reaching 2k isn't the ceiling as the next stop would be 5,000 over 6 months interval. That means at least 500 SPS monthly. The more exciting part of my SPS investment is that it affords me a greater opportunity to earn more $GLX in the year long airdrop starting today. I have a bias for genuine crypto investment relating to sports as it has the potential of becoming so huge.
In a few hours, I would be able to tell how much GLX I would be getting on the average daily and that may influence the pace at which my next SPS staking goal would be engaged.
This bear season has not been easy especially for non cypto whales, but, those who can grind through season would be happy they did. Splinterlands is ignoring this bear season and keep scaling their paths in the play to earn and NFTs economy. Supporting this community and helping to spread the news about its growth and strides is not a waste.
It gets better each day passing. The future looks brighter!
Splinterlands game is termed the "next generation of collectible card games" in which allows players to collect, trade, and battle with provably scarce digital collectibles with real-world value. Battles on Splinterlands Unlike most trading card games, are fast and furious, and are usually completed within few minutes. The Splinterlands gameplay is simple and easy to learn viz: reviewing combat rules, making and submitting of the team and watching the battle unfold.
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