Finally, 500k SPS?
It took a ridiculously long time to get this since I received a large portion of it from staking and playing the game. And yet I am still at at a heavy loss overall. I think I poured over $15k into the game over the last 5 years and I got maybe $5k out of it (honestly this is just a guess and maybe it's good I don't know the real numbers). So I am probably at least $8-10k down. 🙃 And yet it would "only" take a 4x to get me even; considering SPS is at ATL levels right now that doesn't seem too hard if we get a market recovery. Not even speaking of the constant developments we are seeing (which also signals that the game is anything but dead!). SPS validator nodes went finally online, Conclave Arcana is coming out soon, and I believe there will also be a marketing push.
Strategy
Having 500k SPS staked which is "only" around $3k currently, I have decided to now power more SPS up. It should be enough if we get a mediocre alt season (to get even again) and more than enough if the game makes any kind of breakthrough or there is a real alt season. So I want to use the staking and delegation rewards for selling into Hive for the moment. It is around ~30 Hive per week which is not too bad actually. This mainly comes from:
- Staking Rewards: around 560 SPS per week + Voucher rewards
Vouchers can be traded into DEC as well and it is around 800 DEC.
- Delegation Rewards: this is where the majority of SPS comes from. At 500k this is around 3400 DEC.
Conclusion
It's nice to have another source for buying more Hive. Overall I think buying coins/tokens that provide staking rewards might be a very underrated criteria. This really builds up once one has a couple of these coins and is explosive when price goes up. Will I ever return to playing the game? Probably no, but that is mainly because I don't have the time anymore and not because it's dull or so.
