I'm not going to lie, when the SPS airdrop started coming through, I intended to dump a decent amount of the tokens I received. The tokens came through, and sure enough, I sold them off, especially when they were trading close to the $1 range.
For what it's worth, I sold at the time because I wanted to sort out certain issues in my life, and now that they've been sorted out, I've been stacking more.
Also, I obviously still believe in the SPlinterlands project, and I mean, why the hell not? It's been very profitable. However, I kind of thought the SPS tokens would be dumped harder than they've been dumped, so I was trying to squeeze out some profit.
In recent times, the token has settled at a healthy rate that's within $0.26-$0.34. If it actually continues at this rate, then staking will prove to have been a brilliant long-term decision.
Get more for more
I don't have the funds to buy SPS from the various exchanges, so for now, I'm just staking whatever I earn from the daily airdrop. Right now, I'm getting approximately 68 tokens per day, and they're all getting staked.
First of all, I'm printing more SPS that will cover all the SPS tokens I sold in the early days. Also, when my stake grows large enough, I'll be earning a pretty penny daily from my stake and could then diversify in the months ahead.
Stay tuned for Chaos Legion
Also, there's been talk about how staking SPS will be connected to the Chaos Legion packs that are coming.
The word is that the amount of SPS tokens you stake will determine the number of packs you can purchase or something like that. This will also be the token's first use case in the realm of governance.
Important points
- Staking of the token is done within the Desktop application
- You simply log in to your profile with your keys and then go to the SPS management portal to stake tokens
- Staking locks up your tokens and then you start mining more SPS with your SPS
- Unstaking takes 4 weeks to complete, with 25% of the amount you're unstaking being paid to you every week.
Make it count
So, if you're not staking SPS, I suggest you do so now. It's yet another way to earn from Splinterlands and will give you more opportunities within the game.
Get in the game when you can and let's grow together.
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!BEER !PIZZA
$PIZZA@belemo! I sent you a slice of on behalf of @globetrottergcc.
Learn more about $PIZZA Token at hive.pizza (15/20)
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BEER.BEERHey @belemo, here is a little bit of from @globetrottergcc for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.I've been stacking since day one of the airdrop. Building a nice little nest-egg there.
Good to hear that crypto helped you through some life issues and that you are now back to staking for your future.
Good luck!
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I thought about selling on the first few days as well so I could buy back later cheaper. But i remembered what happened to Uni airdrop back in the days and decided I wasn’t going to risk it. I’m staking about 70% for now and holding the remaining 30 incase of price swings. I’ve also been capitalizing on the price action lately, buying at 0.25 range and selling back higher.
More like within the games sps dashboard, I use mobile and do it just fine.
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Nice approach. I wish I had some spare cash to buy more from the market and stake it. My plan is to get my staking rewards to the point where the daily airdrop will turn into income and then I'll just restake the profit instead.
!PIZZA First i wanted to sell 2 weeks of SPS to recover the investment in Splitnerlands and then keep it, but i realized that the staking is giving me a huge advantage over time, so i decided to stake everything and take my profit after one year. aI have some emergencies (a wedding to pay for it) but I think i will use CUB Instead of SPS. Sorry, Khal! :)
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Definitely, I'm stacking SPS recently :)
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I still don't know what to do to increase the daily SPS airdrop. I'm content, yeah, but you know, more is always appreciated.
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Infact that reminds me of something,this photo look like pig and I guess am right,nice one.
Nice post! And I really can see why people were thinking that SPS would drop harder than it eventually did. I didn´t sell any SPS. Staking my SPS from the first day ... although it is not much because I sold off my cards just before the big boom. Real-life has its disadvantages and that was the only thing I could do at that time. Unfortunately.
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I've staked all of my so far and I was surprised too that the value has stabilized around the 30 cent mark. Splinterlands has it going on!
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