SPS is one of the tokens that I am trying to accumulate more and want to achieve the goal of a 50k stake. I see lots of investors having different goals for SPS and my goal is to have 50k tokens. I am on it and I try to accumulate more tokens through a daily airdrop, stake reward, and also buying from the market. SPS is one of the high-value tokens but the current price is too low and I see this as an opportunity to bag more tokens. I believe that in crypto making the right choice at the right time is very important and the same I did with SPS.
I have no plan to sell my SPS at least for the next few years and it's because I can see that it's going to be a great earning opportunity. Even now SPS provides dual benefits for holding the tokens. First is the APR of 26% which is nice even after a bigger drop in the percentage. With my stake, I am able to earn about 20 tokens daily which is almost 600 tokens in a month. This is not a small amount and I also re-invest the same every day. Second is the drop for voucher tokens and I get approx. 1.85 tokens daily. The daily drop for voucher tokens will increase if my SPS holding will grow and as of now, 1 voucher token value is around 1$.
I currently hold over 32k tokens and all these tokens are staked. Since my goal is 50k SPS so I am left with 18k tokens and I am trying to achieve the mark by the end of the airdrop. SPS airdrop has completed 258 days and is left for 107 days so this is the period in which I will try to achieve my goal of the 50k tokens. The current APR is 26.05% as shown on the snapshot and it's dropping because there are many people who stake tokens and when the overall stake will grow then the stake APR will drop however there is not much impact on the overall earning for SPS tokens. Because the holding is increasing so even the reduced percentage is giving a similar number of tokens.
Here is the chart for SPS with USDT pair and the price has been moving around $0.10 to $0.11 for quite some time. If we see at the history of the last 3-month prices then it seems that the current price has reached the bottom and the only probability now is the price is to go up. I hope that at this price I will be able to grab more tokens as I do buy in small parts and this is how I am growing my stake.
Usually, governance tokens bring certain benefits that are better than native tokens and the same thing is with SPS as well. SPS will bring many benefits in the future and also play an important role in the upcoming rift watcher packs. I am not keeping any SPS in liquid as of now because keeping the tokens idle is not good and when required I can have the tokens in liquid form.
The recent listing of SPS on crypto.com is a good move however until now trading there has not been started yet but it should be live soon. Listing on more exchanges will increase the volume and also result in a price increase so let's hope to see it getting listed on many more exchanges. More trading in the token volume means more investment coming to the project
Thank You.