What makes me Accumulate/Stake more SPS

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I have been accumulating various digital assets in the splinterlands game and it's because I am quite confident in the project. I have seen it growing significantly and it's expected that it will grow even more in the coming years. The project has long-term plans and its roadmap has so many exciting things to be launched and this is something that is going to bring more players and investors to the project. It's a play-to-earn game and whatever we earn here is real money and it's not free to pay. It's obvious that we get the opportunity to earn real money there this can not be free as there is a certain requirement that needs to be managed by the project team.

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There are many kinds of stuff to accumulate and hold in the game and SPS is the high-value token which is also the governance token on the platform. I am not a whale on splinterlands but I have followed a simple strategy to build my account. I have been re-investing my reward earnings on the game. Earlier I used to re-invest my DEC to buy cards and later when I started creating content for splinterlands then I also used the reward to invest more in the game. This is a superhit formula that worked in my favor and I am sure, anyone can follow the same and build an account over time. It will take time for sure and there is no shortcut so if properly followed then you will enjoy the achievement. In my case, I invested my 2 years as I started my journey in March 2020 and now my account value and even daily passive income make me feel good.

I believe in the future of SPS and this is why I have staked and accumulated tokens every day. It's my daily activity to claim the airdrop and put it all in the stake so that it starts earning as there is no point keeping the tokens idle. Here is a snapshot of my current SPS holding is 12k and this stake is earning an APR of 24.20% which is a good deal now. In India bank usually pays an interest rate of 6% approx so this way I am able to earn 4 times of what they offer. This is a great undoubtedly a good option and because of this, I will continue to hold my stake the same way.

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Here I am sharing my history of SPS activities where you can see that I claim and stake regularly to keep my tokens in stake and even increase the holding. My goal is to have a 15k SPS tokens stake and I am almost 75% closed to it.

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  • I get about 30 SPS through the airdrop. I just need to claim and put it on the stake daily and this apr has been falling continuously however there is not much impact on my earnings because when the stake is increased then even with a reduced APR, the overall token earning remains the same.

  • SPS reward is not the only thing that I earn with this stake instead I also earn voucher tokens daily. There is no end date announced for this so we can expect it to continue even after the end of the airdrop. I get approx 0.64 tokens daily and this is added benefit of the SPS tokens stake. Currently, the price for a voucher token is around 2 hive and this is also good.

  • SPS's current price is $0.114 as of now and it recently dropped, I am happy because now I will be buying more tokens. I am trying to accumulate more funds so that I can buy more SPS tokens. I even have a plan to sell out my vouchers and buy SPS because this is a better option I think.

  • I believe that the current SPS price is not at all a matter of concern because I see it reaching $1 and it's just a matter of time. We have seen the recent listing happening in exchanges and this will happen even more in the future so increased listing prices will also spike. In fact, I want the price to be lower unless I am not done with my buy however this is not in our hands.

  • Although my goal is to have 15k but if the price dips further and I am able to arrange more funds then probably I will exceed the goal and I may think of reaching a 20k SPS stake.

So these are the reasons why I accumulate and stake SPS instead of selling and booking profit. I have no plans to sell my stake and even I will try to make it big as much as I can. Let's see how long I reach my SPS goal and I will continue to review from time to time because that is also important to keep a close eye on the goal.

Thank you so much
Stay Safe

Posted Using LeoFinance Beta



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13 comments
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There is one thing that I did not understand well, so whoever stakes the SPS tokens receives Voucher tokens?

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Yes, its for all stake holders

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Then I have to understand where I can see this data. Somewhere I should have Voucher tokens too. I thought these tokens were no longer in distribution

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There's a daily pool of 20k vouchers given out to stakers of SPS. The more SPS you have staked the larger percentage of the pool you get.

Posted Using LeoFinance Beta

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I have been re-investing my reward earnings on the game.

This has basically worked for me as well, I just reinvest and kept on building my deck. Posting about Splinterlands is also a win in earning Hive, SPT...

As for SPS, I remain bullish on it and actually want to continue accumulating more of it as I see the price value appreciating over time.

Posted Using LeoFinance Beta

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I'm also accumulating as much as I can, I planned to stop at 10K but with such low prices I'll just keep staking more! The goal is to start selling some of the rewards from staking once the price reaches around $0.50 but never touch the principal amount. Easy way to make some passive income

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