Splinterland : Should you buy SPT when it is trading under the radar.
Splinterland : Should you buy SPT when it is trading under the radar.
SPT token belongs to the the Splinterland's outpost and with it's usage not limited to curation only but it is used for NFT creation and NFT trading using SPT . NFT created are of really high quality but since these NFT have no in game utility so it limited SPT to the curation only.
Circulating supply of this token is now 169 million with close to 76 million tokens staked. When checked the "null" account it has 3 million SPT (it means 3 million SPT token are burned and non recoverable that decrease the circulating supply.) In this case effective circulating supply will be now 166 million and since only 76 million staked , it make staking percentage (% ) below 46%.
It is little hard to calculate the "curation" APR of the SPT token as curation curve is not linear at all but I guess on average we might consider it as 20% and it will be really nice if team switch to the linear curve.
Current market demand look week in dex and I am not sure if diesel pool has any demand for SPT. Also if we see the price of SPT is also tanked and since these graph is plotted against Hive and I see Hive price is almost same as it was 3 month back, so SPT indeed lost much of it's price.
I do not see any plan by the Splinterland's team to create further utility of token in near future and team is really have their hand full with all the promised work and most importantly Land updates are most awaited and most crucial in determining the future growth of the game.
With current SPT price , this will put market cap of mere 60K and this started really looking cheap. By gauging current development around SPT , I feel it will tank more and I am now just wondering is it right time to grab SPT or throw some hundred Dollars and wait and magic that can easily turn into 10 fold value may happen in future (just an announcement by Splinterland team for more SPT utility)
So what are your views?
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I think that over time they will find some use for it like an airdrop or something else and then it will resurface. But you also have to keep in mind that it is not the main token.
Yeah, this is one of the reason that it trade low.
Once they announce something then it will be instant pump like it pumped more then 20x when SPS airdrop started.
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!CTP !PIZZA
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I have 36k staked, I have been selling to buy Splinterlands cards now and then. For now, there are other commitments, I will increase my staked SPT and sell some form of investment in the game.
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Seeing the SPT price currently , I am holding my SPT. no buy and sell , just staking right now.
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I do not own any significant amount of SPT but I had enough in the past. One of the reason why I did not hold is because of not getting any significant update from the team which kinda makes it little mess. But I do believe SL might come out with a boom and thus SPT might go over the roof if that happens. While there has been these sort of incidents as we speak lol. But I doubt if this will happen for SPT anytime soon atleast I wish not to happen before I buy a chunk lolz. But I am posting on SL community and hopefully will get some nice author rewards of SPT and so far I am staking them and delegating them to monster curator. Let me check the market and if this is below average I might buy some just in case :)
I am waiting it to drop further and thinkig to acquire million SPT in couple of hundred of Hive. so loss will not be big . If it bang , I will book profit by selling some stake
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!PIZZA !CTP
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I have my SPT delegated out and I didn't realize that it wasn't on a linear curve. I don't really think I will bother much with SPT because we don't have the airdrop rewards anymore.
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I see SPT to literally to be dumped heavily, I put aside some Hive to buy it dirt cheap. ( Around 1 million SPT)
Maybe if something come up it will be easy 10-20x else I can take a hit for some couple of hundred Hive.
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It really depends on the sinks for SPT and I don't really think there is much out there right now.
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I've been thinking about purchasing some SPT. I still have hopes for it to be introduced in game somehow although chatter of that has slowed down allot.
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Same here.
buy it cheap, forget it and if it pump.. book the profit.
!CTP
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Thanks for sharing! - @libertycrypto27
interesting considerations about SPT tokens