My Weekly SPS Coin Strategy: Buying, Staking, and Growing || 50K sps staking target

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(Edited)

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Assalam-o-Alaikum !السلام عليكم

I made a strategy last week that I will buy SPS coin every week and stake them and last night I bought 790 SPS from hive engine exchange and after buying I transferred them to my splinterlands wallet so that I can stake them . I can reinvest my reward to my sps wallet that i will get from staking reward and the voucher that comes from it.

Currently I have 14K sps staked in my splinterlands account and I am getting 14.04% APR on this staking and this is very reasonable APR and thus I am getting benefit from sps staking. I will stake all the SPS coins that I bought today so that my season reward, daily rank battle reward will also be better.

My aim is to stake at least 1K SPS coin every week and in this way at least 4K sps coin stake every month and I will easily cross the target of 50K sps staking in a year. In order to achieve this goal, I will save my capital and invest it in buying SPS coin.

I also bought sps coin at its peak and then in the last three years I bought sps coin at different times but I could not buy sps coin at its lowest price because I didn't have enough money to buy sps. but still t is good time if i buy sps coin bit by bit in current situation i will reach my 50k target.

I don't know what the price of sps coin will be in the future or at what price this coin will be sold after one year, but I think that this is the best opportunity to buy and stake sps coin and gain from this staking. i'll try to earn maximum staking reward by reinvesting the reward and with this reward ,i can buy more good cards by buying DEC coin and i can add more land to increase my land production and get maximum reward from my play2earn game.

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Right now you can see in the screenshot that I have a total of 14,919 SPS in the coin wallet. Out of 14,919 SPS coin 14,126 sps coin are staked while 792 are lying in game liquid so I will stake all the sps coin in game liquid. So you can see in the screenshot below that my staking has increased. Before staking my glint boost was x2.62 but staking sps coin in liquid has increased my glint boost.

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now i statked my 792.913 sps coin and my glint boost from x2.53 to x2.74 , so it is very great achievement, and i hope i will keep continue increasing my sps staking every week , and target of 50k sps staking will be achieveable.

I have faced some problems while buying sps coin and still doing and I think splinterlands team should think about it because it is a very important issue. When I bought sps coin from cex exchange, I wanted to transfer it from CEX exchange and wanted to transfer it directly to my splinterlands game wallet, but as soon as I bought it from CEX exchange, I could not transfer them to my sps coin game wallet directly to my splinterlands account.

I could not do it and I tried every method but it was not possible for me to transfer my sps coin from cex exchange to splinterlands wallet and still my sps coin are hold in CEX exchange while I want to transfer them to my splinterlands wallet. so I can stake them. I bought sps coins from metamask wallet last week so that I can buy and deposit them directly in my game wallet but still sps coin are in metamask and my transaction failed option comes. I request the splinterlands team to provide a method through which every user can directly withdraw from the cex exchange to their splinterlands wallet and I hope that my senior expert will definitely guide me in this matter so that my 20k sps coin are in Cex exchange, so i want to transfer them to splinterlands wallet and stake.

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now i have my Balance: 704.553 in pankswap wallet but i connected my metamask wallet to https://splinterlands.terablock.com/ but when all done, i got error , not able to withdraw my sps coin from metamask to my splinterlands wallet, pleasue if any person is expert , guide me . thank you so much for reading my this text and hope my this post will be informative for all new splinterlands players.

if you want to join the splinterlands game then you can join under my Ref LINk splinterlands


@yousafharoonkhan

I'm Yousaf ,my profession is teaching, writing, i love food, travelling,photography and splinterlands gaming, and sportstalks and 3speak very much. i am using hive since 2017.

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5 comments
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Salaams @yousafharoonkhan, is staking halaal on the platform? Your insight would be much appreciated, thanks in advance.

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i think staking is halal , becasue we are staking our asset online, and trying to participate in blockchain development, it is not that way that we are giving our asset to any person to earn reward from his weakness. it is blockchain online system that generate staking reward for staker , so i think it is halal

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