10 Months ago……
Hi guys, during the past week I bought a second Land Plot on Splinterlands but before we go into that, here’s a little background story. The first time I bought a plot of Land was exactly 10 months ago from today and it cost about $700 at the time, lately, the price has dropped and has been ranging between $200 and $220 ishhh.
Back then, my plan was to edge the drop in Hive’s price after it pumped all the way to $3. I explained my thought process in this post, I paid about 340Hive with the price of 1Hive at $2.19.
Today….
Today, due to Hive’s current price, selling 1Plot will net an average of 440 Hive, netting extra 100Hive. I’m down in dollar value, but up in Hive which was exactly my aim, so I count that as a win.
It doesn’t end there, I also hinted in a recent post that it was proposed that Land holders should be receiving 40sps monthly, this proposal was passed and according to the last Splinterlands town hall meeting it will begin on 11th of October, how exciting. Like I said in a recent post, what’s better than 1 plot of land? 2!
Implication of “Plot-holding rewards” on the price of Lands.
The price of Plots hasn’t changed much since the rumors of the holding rewards came through, but I think it’s doing a good work at solidifying the bottom of the price at $200. Perhaps we’ll be seeing some price increases as soon as the update is formerly announced.
It mostly circles back to the price of SPS, will people want SPS so much as to be incentivized to buy and hold Land Plots? I think it’s a no brainer, but I can only speak for myself. 40 Splinterlands governance token per month for holding an NFT that presently costs only about $200, sounds fantastically enticing,…
Whatsup with the price of SPS anyway?
During the past few months, we saw the price of SPS bottom at $0.049 if my memory serves me well, during the early days of the Rift watchers sales, it pumped up to $0.09 and has stabilized at around $0.07 in recent days. It successfully took out 25m Sps tokens out of circulation.
757k Riftwatcher packs have been purchased from the SPL market so far with each costing $5 or around 65-71sps at present $sps prices, if we make a rough calculation of that, it means roughly 54,000,000sps tokens have been taken out of circulation and sent into the DAO, making the DAO $2.5m richer, with over 2.2million RW packs left to go.
This means that with the sale of 1.5million packs, over 100m more sps tokens would be taken out of circulation which is pretty cool if you’d ask me.
Why are Rift Watcher packs not selling out?
Some have started to ask why Riftwatchers packs aren’t selling out fast enough, I don’t think they are supposed to, I mean, if they do sell out fast, cool, but if they don’t, it’s still all good, RW packs are meant to raise funds for the DAO, the more robust the DAO gets financially, the more value can be created for the ecosystem.
And with 757k packs gone raising over $3m, that’s some huge momentum to get the ball rolling BIG time! It all depends on what we do it. Let’s see how it goes. So whether RW packs sells out or not, we are already in a good position and it only keeps getting better. Plus why wouldn’t it? Those cards are hot!🔥
It’s just all interesting how we, the players or investors are the ones contributing to the growth of the ecosystem in one way or the other, with each RW packs purchased, we are contributing to the DAO that will be used to build out the ecosystem and direct the future of the entire platform. This is so coooool!
Say something guys, say something, share your thoughts….
Battle till you drop….
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Always enjoy your thoughts on Splinterlands bro, and you have a way of igniting the spark to want more when you go on like this.
Am glad SPS for land is finally here, I keenly awaits the launch of land itself, it promises to be huge.
As for SPS I want more!
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Thanks for your feedback everytime. I’m also excitingly waiting for the full Lands implementation
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I keep thinking that if Splinterlands is such strong in the bear market, It will blast in the bull-run! The DAO and SPS are likely to skyrocket!
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Yes very true, we could be talking of hundreds of millions. Just imagine sps at 1 dollar. And this is very possible. I keep saying that AXS had no utility beside staking and it peaked at around 100$, Splinterlands will blow peoples mind.
Thanks for sharing your thoughts. Great info.
You’re welcome 😌
There is no panic to buy riftwatchers.
Lots of cards out there and while i do want a few of them i'll wait until prices drop lower to buy from the markets.
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Am also awaiting price drop, a few cards on my to buy list.
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I’m not even sure about what constituted the recent price increase, I’ll just keep buying in bits as soon as I can afford. The prices are too unpredictable for my liking.
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I believe that lands on splinterlands is going be another excitement. I see that there was a proposal to reward sps for land holder. Did you see that?
Yes I did. 40 SPS per month. Another means of passive income. Really cool
that's cool.. is it effective already ?
I have 5 lands so 200 sps I can expect in a month ?
5 is a very nice amount to have. 200sps per month will be awesome. It will be effective from 11th of this month.
Thanks my friend and you always have updated information. Thanks for help dear
Thanks reeta. You’re welcome ☺️
No rushing in buying packs now because as it stands the price of many monster will drop. Adding another land is good and I am hope to add more land too
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This is the first time I’m scared that prices of packs will not drop below $4 on Hive engine. But let’s wait and see
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Hey @mistakili
Fantastic write-up and I thoroughly enjoyed reading the post. Well said that few assets like lands and SPS are available at cheap prices and it is a good long-term investment.
Thank you very much 🙏
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Thanks for sharing! - @alokkumar121
Well written and congrats for buying land.