Conclave Arcana presale lesson: SPS scarcity is real.
A few days ago, I came across the post The Story Behind Sniping Top 6 CA Pre-sale with $52K, in which hanv explained his journey to be in a top 6 of the Conclave Arcana Presale pack. I read his post carefully, in which he explained how he actually spend $52K to buy the Conclave Arcana packs that has value of $80K. He explained that his actual expenditure was $52K, and his buying of the SPS converting/burning into the DEC helped him maximize his buying power.
I was tracking the DEC supply before the start of the Conclave arcana presale. I expected that the DEC supply would go down after the Conclave Arcana Presale, but exactly I saw DEC supply increased after the Conclave Arcana presale. I was also expecting that SPS price will move in the positive direction but not sure if it can get doubled before the start of the presale.
Also. I was not expecting that player will start burning SPS even before DEC reaches its peg value. I questioned the same in the game Discord's and most logical explanation, I got that buying a huge amount of the DEC is not possible, but buying SPS in large quantities and burning it for DEC looked more feasible.
Also, if we compare to the token appreciation, appreciation of DEC wil be close to peg. But in the case of SPS, it can get much better appreciation compared to the DEC.
Good thing is that even after the presale end, the price of these token did mot drop much. I feel one of the reasons may be the start of the "General sale" that in current situation , gives the player opportunity to buy packs and act as a natural sink.
I deduce the following points from post and observations.
- SPS scarcity will definitely kick up the SPS price in the future too.
- If DEC remains near to peg, then there is a high chance that SPS price can trigger up due to DEC market liquidity unavailable for large transactions.
Stake/Keep more SPS
I was not chasing the SPS or purchasing SPS, after I reached my 300K SPS goal. Since SPS still has so much decent APR for staking SPS and factors that can trigger the SPS price more, it becomes logical to stake more SPS to get the SPS staking rewards.
At current SPS has lot of inflation, but in future when all SPS will be already minted than presale events might really kick up the SPS price more.
If you have not played Splinterlands or will be returning player, then I will say let give Splinterlands a try.
If you like to read more of my recent Splinterland's post, then please find the link below.
Link to my previous but recent splinterland's post.
Splinterland's: Starting my Conclave Arcana journey.
Conclave Arcana Splinterland's: New abilities review and strategy to use them(Part 2).
Conclave Arcana Splinterland's: New abilities review and strategy to use them.
Splinterlands: 22nd April has a lot to offer.
Splinterlands: My memorable/remarkable moments
Splinterland's Changes that helped me to reach Leaderboard position
Splinterland's : My tips to survive in Survival mode.
Splinterland's: Maybe the time has come for the Splinterland assets pump.
Splinterland's : My honest review of the Survival mode.
Splinterland's: I am feeling lucky in the game today.
Splinterland's: Step by Step guide on creating and renting custom sets.
Splinterlands: Start of new era in Splinterlands
Splinterlands: It is time to stack DEC.
Join the game.
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I saw a few of the players joined the game using my affiliate link and then stopped playing after few battles. If you have any difficulty in playing game, do not hesitate and join the game discord. It is really helping community and contact me here or on discord, I will definitely review your game for your better game experience.
