Splinterlands- SPS Tokens Holding and Staking so far
Play2Earn is a new hashtag that is quite popular in social media and if you look for the same in Twitter you can see lots of tweets about it. People are talking about games and the real money earning that they have through gaming. When we talk about the play2earn game then we can't ignore @splinterlands because its one of the games that have changed narrative completely.
These days Blockchain gaming is a growing segment in the crypto space and its not less than any other instrument like Dei or NFT. People invest in games and with more adoption value grows which turns out to be more profitable. Now gaming is not just limited to fun and entertainment instead its a place for people to invest and earn money.
I stake my SPT tokens every day and I hold 4.5K SPS tokens and these are staked. Staking is one of the best ways to earn more tokens in crypto and I follow the same. The current SPS staking apr is 111% which is awesome. Today its the 50th day of airdrop and APR was started with approx 500% which has now been reduced to 111% but I think its still a great option. With growing stakes, I am able to earn almost the same amount of tokens daily so I can say this drop in apr percentage is not affecting my daily token earning.
I record this SPS growth on the chain so that later I can have a track. Now today when I hold 4541 tokens on 50t day of airdrop so simply I am earning 3k tokens in a month which is 100 tokens every day. With calculation, I will be having around 36500 SPS tokens by end of the year and this figure can slightly change depending upon apr and some other unforeseen circumstances.
Currently, the staking reward APR is approx 111% and I joined the pool when it was 500+%. Its obvious that it will go down when the pool is growing but when we have more tokens then less apr will also bring a better reward. Even this 111.27% is an awesome percentage and I am happy to have it. To be honest its much higher than what banks are paying in India.
These days SPT token price has been doing well and below is the chart which is showing the price movement of SPT tokens. I remember it was one of the tokens which was not valued at all and but now things have turned the other way round and its even more valuable than the DEC token. DEC token is like a currency of Splinterlands game which has bigger use-case but SPT is even higher, at least these days.
SPS airdrop has completed 50 days and the current price value is 0.22 however price is not a concern for me since I am not going to sell anything and I am confident that the price will go up after the end of airdrop as well. Although I have seen its price higher than $0.50 and now its not even half of it but I am not going to sell anything. In fact, I am keeping a close eye on the price and if I see further dip then probably I will be buying some tokens and stake here so that I can earn more tokens.
Overall I am very happy with my experince on splinterlands so far and going to hold all my game assets. Never thought that such game cards that we play with every day will bring such a great opportunity to earn a decent amount. Now I battle every day and also stake SPS. Renting is another opportunity that I have started recently so I am figuring out more about it and will share more in the next post.
Thank you so much.
#Play2Earn
(Images are taken from splinterlands wherever source is not mentioned)
Certainly a game that has many opportunities to keep you very well and financially stable, knowing how to play the cards very well.
I have not played it, but I have friends who make a living out of it.
THis is true and I completed agree with you. thanks
Greetings friend @alokkumar121, your experience is very motivating, it is impressive to see how splinterlands has allowed you over time to generate good income, personally I think the token sps has a lot of potential and surely in the future will have great value. May you continue to reap success, so long as you have an excellent week.
Greetings @ alokkumar121
There is no doubt that you have done very well with that game and I congratulate you for that, I have not particularly played it but I have already read several publications about it and I think it is a great game. I hope the successes continue and that when the token goes up a little more you get what you expected.
Thank you very much for sharing your publication.
this has been going well and bringing more value to the investment. thanks for stopping by
Very interesting, your perfections of the NFT Games, I also just started two weeks ago with Planta vs Undead.
thank you my friend