Are you new to Splinterlands and searching for some advice, then you found the correct series! In this Beginner’s Guide Series, we are discussing things that new players of Splinterlands should know or try to learn. In this specific episode we will take a look at the upcoming economy changes. We will discuss the current SPS situation as well as the future of the in-game assets. In the end I will try to give an outlook at my future strategy regarding this economy and what I my goals in the future are. If this article motivated you to start playing this amazing game, then feel free to join the fun over the following link:
https://splinterlands.com?ref=ga38jem
Current SPS Situation
For those of you who weren’t aware of this fact: The SPS airdrop is coming to an end. No more daily airdrops of one of the most exciting in game crypto assets out there. There are only 14 days left. After this the supply of SPS will drop drastically and the price action for this coin will take its ride. Talking about pricing, the current price is the lowest it has ever been. This has several reasons.
The most important reason is probably because we are in a big bear market which started a few months ago. With this bear market happening a lot of people are selling off their investments, preferably the risky ones first. This is why all crypto currencies went of the sinking portfolio ship first as they are considered the most risky so far. But this does not mean that the value of the projects is getting smaller. In contrary, it is the perfect opportunity to invest into the projects that are still working hard and trying to improve their product.
One of these projects is without a doubt Splinterlands. With the developers improving gameplay, economy and bringing new cards out, this game is probably more alive than ever. With weekly Town halls and update posts on Hive, this developer team is certainly trying to be as transparent as possible and has therefore won my trust over the past few months. With the upcoming changes to the economy, SPS should hopefully get more utility in the game and with a lower supply and at the same time increasing demand, we should see a price action accordingly.
Future Of SPS & Other In-Game Assets
With the previous out of the way, let’s talk about the future of SPS as well as other in game assets like DEC. In a recent post the developers explained it in more detail, and I will try to summarize it accordingly short. The first important change will be that no longer DEC will be awarded for battle and chest rewards but SPS. This will take off some supply off from DEC and will hopefully help to peg DEC to around 0.001 USD. On the other hand this will give us players the opportunity to get more SPS again, but in a much smaller amount than DEC is being given out right now.
There will be an incentive to play as high as possible because the rewards will be accordingly more and better in higher leagues. This is supposed to get the lending engine started again as it will be rewarded to be in higher leagues once again. I am interested to see how this will play out, but I think the idea goes into the right direction. What is also important to mention is that you will only be able to earn SPS if you have staked some, which will also take a lot of supply from the market. I think this idea can be a good one if executed correctly! The more interesting point about that is that you could delegate your SPS to another player who is potentially better and in higher leagues and be able to earn passive income by letting them play. I think this will bring some interesting dynamics in the game and will certainly increase the diversity of the potential income streams.
Last but not least, there will be some more news about the land sale and integration soon. It is planned that SPS will play a big role in the usage of land as well. With the arrival of land, the game will certainly take another twist and will offer again more interesting ways of utilizing cards and generating in-game assets. All in all, the future of Splinterlands looks very exciting and can be a very nice distraction from the current cruel bear market.
My Outlook & Strategy
With the current reward system, it is very easy to earn very nice seasonal rewards. Currently I am in Silver 2 but looking to get into Silver 1 soon. With around 50k Collection Power, I am only 20k off and with the upcoming league changes, I might even get into Silver 1 if the CP thresholds would change. Nevertheless, I am hoping to increase my CP by playing the game regularly and eventually investing a few bucks in a few cards. I think the legendary summoners are always nice to buy and if there will be an interesting one on the market, I will definitely think of buying him.
Furthermore, I am having a closer look at the Land plots market. I think that the plots are currently a little bit too expensive still but I might be completely wrong once they are integrated in the game. With that being said I will try to snatch one when I think that the price is right.
Last but not least I am trying to keep all of my SPS together as this in game asset is probably the most important going into the future of Splinterlands. I think that once the next bull run starts and many people realize the potential of Splinterlands, that this token will be very demanded. This times will award the current investors ad players!
Previous Beginner’s Guides:
Splinterlands – Why Now Is The Best Time To Start Playing
Published by ga38jem on
LeoFinance
On 12th July 2022
Posted Using LeoFinance Beta
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Thanks for sharing! - Underlock#8573
Great Analysis!