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RE: Is SPS Price Locked In Already? 72 hours...

in LeoFinance3 years ago

It's been hard to get answers but generally yes that's what I believe will happen the SPS and if they allow for DEC will be resold on the market which is Splinterlands income for running the game. Which makes sense. If it's paid for with credits it wont have any effect on the markets. I'm curious though how many people will be willing to part with their SPS for a little 10% cut. A 10% cut when you can earn 60%+ APR on it seems like you'd want to hold on to it.

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I agree. Although if they're buying 2000, 3000, 4000 packs that's $800-$1600 saved by spending SPS vs dollars. Plus, as I said somewhere else, some of these people who are getting a lot of packs may not have much outside money. They got involved early and built huge decks for relatively little money and now they're worth more than $100k. BUT, that doesn't mean they have 10 grand lying around with which to buy the packs. Plus, they'd have to on-ramp it somewhere which has it's own set of problems.

I think you'll see a fairly large amount bought for SPS. I wonder if we'll be able to see it....and again, what they're going to do with it?

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