Splinterlands 6 Year Anniversary - How Many SPS Do You Have?
Lately, Splinterlands have been very active on X/Twitter!
As shown in the screenshot below, they are giving away 500 Rebellion Booster Packs, 20 Land Plots, 2 Runi, and 2 million Dark Energy Crystal tokens. All you got to do is to like, repost and reply in their posts!
I haven't been lucky enough to win anything so far, but the community has been a blast! Loving the interactions and thanks to those who liked my replies too!
There was one tweet on one of the days which asked players who much SPS do they have! And I thought it was also timely to do a stocktake of my account so far.
At time of writing, I currently hold 22,035 SPS in the game and another 1,855 SPS on Hive Engine. That's a total of 23,890 SPS.
If I call it my SPS portfolio, it's actually divided into 3 parts.
The Battle Tranche: 2,455 SPS
The first tranche, or the battle tranche, is obtained from playing Splinterlands. This includes rewards battle wins, brawls wins and the staking rewards that came along with this tranche. This tranche is meant to be more permanent given that SPS is required for the game rewards, and I also use it to fund all my SPS delegations to help new players (it's free with no conditions attached!!!).
The current total SPS in this tranche stands at 2,455, and it should continue to grow with time from the battle wins and participation in brawls.
The HBD Tranche: 20,235 SPS
The second tranche, or the HBD (Hive Dollar) tranche, was a deliberate decision to convert the HBD earned from posting to "invest" in SPS.
5 months ago, I decided to swap 600 HBD into 19,162 SPS because of my bullishness for the price of SPS. You can find this being mentioned in a few posts of mine. And this is kept and monitored separately from the SPS that I get from playing Splinterlands.
I quickly learnt that one can do many things to grow that amount of SPS. As shared in my previous posts, one can earn yield from staking SPS (to get SPS and VOUCHER) and renting out the SPS (to get DEC). Over the span of 4 months, from staking SPS and renting out staked SPS, I have accumulated a total of 1,073 SPS so far over these 4 months. With that, my initial purchase of 19,162 SPS has become 20,235 SPS.
While the price of SPS has declined in the recent months, my focus is maximising the yield for now. Let's hope one day my efforts will pay off.
The Hive Tranche: 1,200 SPS
The third and final tranche, or the Hive tranche, was funded by from Hive. Like some players here, I do some trading of tokens on Hive Engine as a form of hobby and fun whenever I have a view on the price in the short to medium term.
When there are bargains on Hive Engine, I could use some of my liquid Hive to buy the SPS, and when the price is good, I do sell off for gains too. Of course, this tranche is not staked, and it's more for the purpose of trading. That said, the current price of SPS in Hive isn't that favourable so I think there is potential to wait for a rebound in the prices.
Of course, no post about SPS can escape about looking at the price chart of SPS over the past year.
It's not really doom and gloom once you zoomed out a little longer - you can see that there are indeed both ups and both downs. By capitalising some of the trends/movements, there are definitely opportunities to get some gains, but of course, there is always risks in trading. And that's why my Hive tranche is kept relatively small.
Before I end, of course, I should always reiterate that this is not financial advice. This is just my personal viewpoint and one should ALWAYS do your own due diligence for anything you want to put your money in.
So at this 6 year anniversary, how many SPS do you have? And how do you manage them? Let me know your thoughts in the comments below.
If you are interested to sign up to play Splinterlands, my referral link is here.
Thanks!
SPS galore!
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Thanks for sharing! - @alokkumar121
Thanks!
Nice report on your progression in Splinterlands tokeneconomics
It is an inspiring journey
Thank you for sharing this information
Regards
Thanks for the kind comment!
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