The Splinterlands game is so much fun and there is a lot to experience and explore within this game. This is not just a traditional game where we can play battle and this is all we can do but it is something else because it is not just about playing the battles. We can explore different NFT cards as well and there are a bunch of opportunities to invest in different digital assets. This is a play-to-earn game where each asset has some value.
When I say digital assets then it include nft cards booster packs tokens and many other stuff available in the game. I hold almost every asset in the game excluding the Runi NFT and I missed this opportunity to own one. Other than this I hold even one licence for SPS node validator and I also have plots in the land so overall I hold almost every asset in the game and this makes me feel good. I have been focused on sps for a long time and still I follow the same strategy with sps because I believe it is highly undervalued so a better time to build a better stake.
Added more SPS
I bought some SPS over the weekend and today is the day when I powered it up to my account. I did power up 775SPS today and after this, my holding is more than 135K in total. This time when the SPS price is low is a good opportunity to buy but may be a concerning situation for the people who want to book some profit and I believe that after the announcement for restructuring in the project, some people have sold a bigger amount of sps in the market. When there is more sale in the market then we can see the impact in price and I think because of this region the SPS value has dropped even further. Some people expect that the value should reverse because the current price is very low and I agree that the current price is too low which surely deserves some spike to get more attention from other players.
This value spike is not in our hands but what we can do is to hold whatever we have and the same I am trying to do. While I hold all my tokens because there is no plan to sell them off, especially in this bear market but I'm also trying to increase my overall holding for SPS and this is because I want to unlock the higher multiplier in Diamond League.
SPS Holding
This is my current balance which is over 135K and the current APR is also above 15%. This APR was reduced below 15% but now it is up again. In my opinion, the APR of 15% is good because you are getting this reward for doing nothing and justice by holding the token in the game account. The lock-in period is only 4 weeks so if you want to convert it back to liquid then you are going to get 25% back each week. This is not a long time and should be OK with most of the people but I'm happy that my holding is growing by 15% and this is a pretty good amount for me.
The voucher tokens are also issued as part of this APR reward and the value of the voucher is also low so I expect that the value of the voucher to grow further so that I can convert some vouchers to SPS. I did it in the past many times but now because of the low price I do not want to do this as I will not be getting more SPS.
If the value of vouchers grows then I will be using my holding to convert to sps because ultimately I want to make a decent holding for sps but to be honest, I don't know how much that balance would be so I will continue to accumulate for the long term. I have followed different ways to grow my holding including the buying from market and even now I keep on buying from time to time because this will help me build a bigger SPS portfolio. If you go with the dollar value of whatever I hold then it is low and I know this but this is not a matter of concern for me because I believe there will be a time when this token is going to be much more valuable.
Thank you