"SPS will goto 1 cent"
This was a comment I read during a Twitch stream that warned of adding SPS to Reward Chests.
I had thought that SPS was being provided Utility & that it was going to blossom into a Token of Beauty.
A Token of Prestige!
But, if you put your Governance Token as a Reward Prize then you are making it easily transaction-able.
Bots have no Soul
Extraction bots have no bearing upon Morals and Ethics.
They care not about nostalgia and the potential of SPS.
Their function is merely +ve ROI (Return on Investment).
If they can Rent cards cheaply - TICK
If they can win a tradeable item (SPS) - TICK
Then it will SELL SPS for the expected % Return.
From CHESTS to CERTAINTY
The opportunity to acquire SPS was limited by the ability to EARN enough CHESTS to increase the CHANCES of receiving SPS.
Now, by battling with a basic BOT can achieve a steady FAUCET of SPS.
With the pure focus on a POSITIVE ROI the gained REWARD can be dumped at the LOWEST price without any Seller's remorse.
It would seem quite possible that these low SPS will remain while DEMAND for the TOKEN cannot break the CYCLE.
Solution: SPS PRESTIGE WORLDWIDE Inc.
We have no game plan yet as to what happens to SPS once it is fully distributed.
We have no real gravity as to the importance of Governance.
We have lowered its Prestige down to a prize at the bottom of a cereal package.
How does that "lipstick on a pig" analogy go?
We need to add some Arrogant Class by providing exclusive Perks to owning a bag of SPS. That goes beyond Renting.
By providing a VIP status to owners of SPS - you then add a layer of Reward that is not easily quantifiable.
It lasts beyond the full issuance of SPS.
What are those Perks?
That's the great part about it - it will constantly evolve.
You can provide the exclusive opportunity to buy Special Items.
SPS shop discount levels, Meet and Greets, Exclusive Promo Cards, Titles, Tourneys, you can unleash the inner @nateaguila.
Certain Tourneys or "Behind the Scenes" activities.
Just look at all of the VIP exclusives provided by many forms of Business & Entertainment.
You can still drip out SPS if that is an obligation in the WhitePaper.
However, by providing some Prestige to SPS you are making the motivators to trigger greater Demand.
Is it important to give out SPS via Battle Rewards?
It could be.
But the echoes from that Twitch comment ring true today.
It pains me to realise that Utility in a Token really needs to be defined.
What value is locked within owning SPS?
What potential beyond game multipliers?
Or is that just the consequence of having too small an economy?
If I look at, small countries who have strong economies, they tend to focus on their strengths, carry themselves proudly and always with an air of arrogance.
Keep being elegantly arrogant.