Splinterlands has generated a lot of hype for their project with their SPS governance token launch on Binance Smart Chain a couple weeks back.
Call it a smart move if you like - the Splinterlands team identified that many other NFT games were launching governance tokens in this style and they decided to spend the time to launch their own and capitalize on the hype.
Is SPS-BNB a good investment?
I'm considering the Pancakeswap pool which has over a 200% APY.
I don't follow Splinterlands much at all anymore but it was from my perspective the most advanced NFT game on the market before NFT games were even a thing.
Generating yield is the only thing I care about so what I want is a token that will at the bare minimum hold it's price.
My question is multi-fold:
- Is SPS worth the market cap it holds now? $50m+
- Is SPS going to sustainably grow over a long time frame? Why?
- Are you holding SPS?
- Where are you holding SPS? Staked or in the Pancakeswap pool?