The long awaited SPS airdrop is underway and so is its first usecase. Before I tell you about the SPS tokens first use case (other use cases are on the way) let me tell you a little about SPS.
What Is SPS?
SPS is the governance token for the Hive Blog Network's blockchain game Splinterlands. Holding and staking these tokens will allow the holder of the token to have some say in the direction Splinterlands is headed. There's multiple ways to attain the SPS token. Some of those ways include buying directly from exchanges like Hive-Engine, participating in the year long airdrop and staking the SPS tokens you already have.
Airdrop Tell Me More....
The SPS airdrop has started and will continue on until the token has been dropped for 365 days straight. Currently (8/12/2021) we are on day 17 so there's still plenty of time to get some free SPS tokens. The airdrop rules are simple, hold Splinterland assets and be included in the daily airdrop. The table below will show what Splinterlands assets are included and the amount of airdrop points they will earn you for holding them.
SPS First Use Case
As noted above staking SPS tokens will earn you more SPS tokens (How awesome is that). I wanted to bring this to your attention because the APR earned from staking very much depends on the total amount of SPS staked. Currently the supply is on the smaller end which means with each passing day the amount of total SPS staked grows. As the amount of SPS staked grows the APR given per staked SPS shrinks. Currently the APR is at a massive 272%. This number will quickly go down so get those SPS staked TODAY for maximum staking rewards. It only takes four weeks to unstake (25% given back each week). Staking can be done on the official Splinterlands site.
What is Splinterlands?
Splinterlands is a digital card game created by @aggroed and @yabapmatt. Game release has launched and prizes are already up for grabs. You can start playing or investing in Splinterlands today by clicking here.
Click The Below Link To Watch A Splinterlands Battle
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I've been staking all my SPS since day one. The result has been a nice steady additional source of SPS. The 272% APR is fantastic and should continue to be very high for several more weeks. Get it while you can I say!
Now we can stake SPS-BNB in pancakeswap as well.
It's also a nice APR
Hope SPS price will go up when Chaos Legion is released
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Thanks for the upvote, its much appreciated.
The APR is awesome. I've been converting all HBD and other tokens to SPS to stake.
Nice, I sold my first couple days worth of airdrop for HIVE Power but been staking everything since.
272%???????????????????????????? JUST WHAT IN THE HELLLLLL, nice.
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Get it while it's hot, it's pretty crazy getting a 300%+ airdrop apr and then another 200%+ staking apr :-P