Road to 1 Million SPT & Calculated Returns

in LeoFinance2 months ago

I took a closer look at the SPT token making a post on September 25th last year (See Post). This made me start to cost-average my way into it soon after and now 4+ months later, I reached my goal of getting to 1 Millon SPT. This is the road toward that along with the passive returns I have been getting and my plans moving forward...

I still see SPT as a sleeper coin right now waiting for it to be implemented into the Splinterlands game at some point (There is no guarantee that this will happen). Something that happens a lot in crypto is FOMO kicking in on an announcement combined with a price pump. This was recently seen in the PAL coin that got integrated into the new prediction market running on the Hive Blockchain.

This made the price go all the way from 0.0411 HIVE (0.0058$) on January 26th to 0.7 Hive (0.095$) at its peak om January 30th to now have cooled back down to 0.16 Hive (0.0306$) today. Making for a nice 5x rewarding all those that kept or accumulated PAL while it looked rather dead. I see a similar scenario for SPT as not all too unlikely especially when looking at the market caps of other tribe tokens...

Market Caps Compared

Link Full List Hive-Engine Token Listings

In the end, when trying to estimate the actual value of a token, a lot comes down to the total value of coins in circulation combined with the inflation and actual usecase. SPT is very low on market cap right now with a lot of room to the upside in case it really would get integrated into the game. SPT has quite some inflation but this can easily be offset by delegating SPT ot @monster-curation who pay out 100% of the curation rewards on a daily basis along with blogging about the game which potentially earns some extra SPT. All this had me FOMO in early in SPT setting myself a goal to accumulate, hodl and compound SPT the last 4+ Months.

Cost-Averaging SPT and @monster-curator Returns

I never sold SPT in the past and had 42.600 SPT when I started my road up to 1M on October 1st, setting my maximum buy price at 0.00025$ for 1 SPT. This number is quite arbitrary as it gives a 25k marketcap the moment 100 Million tokens are in circulation which is too low based on my own esitimation of the potential use case and value. There was not all too much selling going on and I clearly was not the only one who was looking to stack on SPT during the time I bought so it was not always all that easy to buy without pushing the price up. Patience was key and I picked some up below my maximum price whenever it was possible and when I had funds available from some other coins on Hive-Engine.

DateTotal SPTSPTDaily ReturnDays
Oct 142.60043,9970,103%1
Oct 242.600112,5060,264%2
Oct 348.00043,0330,090%3
Oct 448.00059,7910,125%4
Oct 551.77071,2040,138%5
Oct 661.80047,9270,078%6
Oct 792.600101,9940,110%7
Oct 8103.500157,9410,153%8
Oct 9167.600106,9210,064%9
Oct 10168.070245,4730,146%10
Oct 11168.370307,4410,183%11
Oct 12195.630175,1930,090%12
Oct 13199.335328,3520,165%13
Oct 14199.7700,0000,000%14
Oct 15199.770409,7040,205%15
Oct 16214.100261,3200,122%16
Oct 17245.900313,7140,128%17
Oct 18319.000424,5230,133%18
Oct 19319.780489,4840,153%19
Oct 20323.750473,6570,146%20
Oct 21327.940262,8600,080%21
Oct 22347.730411,5580,118%22
Oct 23348.140364,5440,105%23
Oct 24356.090420,5440,118%24
Oct 25356.510633,0240,178%25
Oct 26357.140382,7210,107%26
Oct 27357.140546,8830,153%27
Oct 28358.0701013,3690,283%28
Oct 29359.420502,6600,140%29
Oct 30361.550377,2800,104%30
Oct 31396.960319,1920,080%31
Nov 1399.350400,1950,100%32
Nov 2399.350410,5870,103%33
Nov 3399.760408,8820,102%34
Nov 4400.170269,4370,067%35
Nov 5400.440266,5450,067%36
Nov 6403.470358,1540,089%37
Nov 7403.830225,9490,056%38
Nov 8404.050499,5310,124%39
Nov 9406.120547,6450,135%40
Nov 10406.670441,2070,108%41
Nov 11407.110444,0720,109%42
Nov 12407.560323,1930,079%43
Nov 13412.180373,9440,091%44
Nov 14412.555309,3740,075%45
Nov 15412.865511,2200,124%46
Nov 16422.120556,6070,132%47
Nov 17422.680477,6770,113%48
Nov 18423.155529,7420,125%49
Nov 19429.015341,5210,080%50
Nov 20433.195750,8080,173%51
Nov 21433.950442,3190,102%52
Nov 22436.470543,6040,125%53
Nov 23437.285414,0850,095%54
Nov 24437.705434,5710,099%55
Nov 25438.140391,7210,089%56
Nov 26442.860364,1100,082%57
Nov 27443.635373,6290,084%58
Nov 28444.005467,4270,105%59
Nov 29448.215603,5620,135%60
Nov 30448.8150,0000,000%61
Dec 01448.815340,1330,076%62
Dec 02449.160480,3940,107%63
Dec 03449.640335,0070,075%64
Dec 04449.975299,4980,067%65
Dec 05455.105320,4850,070%66
Dec 06458.780366,3400,080%67
Dec 07458.145621,5900,136%68
Dec 08459.765476,3640,104%69
Dec 09473.250512,1760,108%70
Dec 10476.140522,0680,110%71
Dec 11483.212510,5220,106%72
Dec 12483.720577,7560,119%73
Dec 13486.855577,6470,119%74
Dec 14488.435364,8240,075%75
Dec 15488.8001191,4290,244%76
Dec 16492.490319,0660,065%77
Dec 17500.400498,2740,100%78
Dec 18502.195506,0750,101%79
Dec 19503.315494,8210,098%80
Dec 20541.020478,7890,088%81
Dec 21541.498574,1400,106%82
Dec 22565.560460,9210,081%83
Dec 23565.560577,6880,102%84
Dec 24604.130632,9170,105%85
Dec 25618.810569,9390,092%86
Dec 26712.880642,0960,090%87
Dec 27775.030747,1060,096%88
Dec 28781.000840,3650,108%89
Dec 29781.955617,3510,079%90
Dec 30782.570916,0540,117%91
Dec 31790.100846,4360,107%92
Jan 01890.100477,4550,054%93
Jan 02890.580599,3890,067%94
Jan 03900.350843,9790,094%95
Jan 04902.240545,1300,060%96
Jan 05902.790840,2620,093%97
Jan 06933.0851571,9330,168%98
Jan 07940.6501275,1160,136%99
Jan 08941.9251238,9370,132%100
Jan 09943.1651104,1780,117%101
Jan 10944.270678,2250,072%102
Jan 11945.0150,0010,000%103
Jan 12948.0152141,3480,226%104
Jan 13950.155780,7650,082%105
Jan 14950.940499,0700,052%106
Jan 15956.2001177,4360,123%107
Jan 16957.375439,7200,046%108
Jan 17957.8151126,8840,118%109
Jan 18960.9451157,5790,120%110
Jan 19962.105909,9500,095%111
Jan 20963.0151379,5480,143%112
Jan 21964.395421,2490,044%113
Jan 22964.815835,3890,087%114
Jan 23970.5151212,3980,125%115
Jan 24973.190774,0160,080%116
Jan 25977.345855,2540,088%117
Jan 26978.2001664,0420,170%118
Jan 27979.860508,0780,052%119
Jan 28982.865744,9000,076%120
Jan 29983.704564,8900,057%121
Jan 30984.1701077,4140,109%122
Jan 31988.0701210,8640,123%123
Feb 01989.280477,4550,048%124
Feb 02992.610837,3770,084%125
Feb 03993.4451296,0130,130%126
Feb 04994.740610,4360,061%127
Feb 05994.740591,0830,059%128
Feb 06995.9401140,8800,115%129
Feb 071.001.960795,0520,079%130
Feb 081.002.755886,1700,088%131
Feb 091.003.640864,5640,086%132

Grinding my way up to 1M SPT was done by buying SPT frequently when SPT was sold below 0.00025$ (most was acquired way below around 0.00016$), adding all the SPT earnings from posts published on (50% of post payout goes to the content creator 7 days after it was published), and compounding the daily delegation payouts from @monster-curator. The passive returns on average for Delegation based on my own number comes down to an increase of +38.48% APY in SPT.

Plans Moving Forward

Right now, I'm basically done buying SPT and plan to just hodl and compound everything I earn delegating it to @monster-curator each day. I'm happy with the stack I accumulated and the position I got into regardless of what happens from here on out. If it never goes anywhere, I'm perfectly fine with that as it's all part of the risk. If news comes one day that SPT gets implemented somehow, I will likely at least keep 1M SPT as long as it provides passive returns and take some profit on everything above that in case there is a big pump.

I made a complete guide on how to Earn with Splinterlands and go about things as a new player to have the best chance to reach these kinds of monthly earnings from the game in 2021. See How To Earn 100$+ Monthly (Complete Guide)
I continue to play the game and offer a win-win sign-up deal in 2021 for everyone that starts out with the game using my Referral Link. I updated what I'm offering recently see Full Sign-Up Deal and I will keep this in place normally during the entire year.

To understand what the game is about and how it can be played check the video below!

Important: Treat games in the first place as games and not as investment opportunities, Splinterlands allows you to earn some money and get good returns but you are much better off flipping burgers in Mcdonalds when looking at the money earned for the time invested. Investing also comes with a risk of card values going down.

Posted Using LeoFinance Beta


Nice analysis ... I have accumulated some SPT as well ... close to 700k ... Its dirty cheap and the potential is great ....

Yes, it's quite nice that there is no hype whatsoever around it . Accumulate some without needing to invest much while its market cap is really low just letting it ride and see what happens is the way to go. Good luck!

I am just putting only 100K SPT goals. I have hopes for SPT but never thought of a million.

Posted Using LeoFinance Beta

I just see it in terms of market cap. There has been talk on the Splinterlands AMA's of having Splintertalk act as some kind of interface for guilds to better communicate and cosmetic items are also planned to work with SPT possible being integrated into Of course, none of this is guaranteed and mostly speculation while it may never happen. But if it does, that 20k market cap will be peanuts. The fact that PAL got an actual use case seeing what happened to that price makes me quite optimistic and even 1M SPT is relatively small as a $ investment while the inflation is offset by the passive earnings and some post rewards.

Also, it's quite addictive to get more especially knowing you can become a big holder relative to the total coins in circulation. Then again, for all I know, it could fail and go to zero which I'm fine with. From here on out I will just hodl and keep compounding.

Posted Using LeoFinance Beta

I got your point. Rewards can be much greater if it booms then risk involved.(as SPT prices are really shit. though supply is scare.)

work with SPT possible being integrated into

I doubt because Aggy has already but yes SPT can make turnaround whenever Aggy wish.

I wish thinking to dump SPT earned in post after reaching 100K but now I guess I will keep all.

Posted Using LeoFinance Beta

I didn't know In the end, a lot of it is speculation and it's up to Aggy to pump our bags. The fact that he game PAL a proper use case makes me like the probabilities for SPT though. Good luck with whatever you end up doing with your SPT!

Posted Using LeoFinance Beta

You are so detailed in your approach. Really great analysis. I just hit my 3 million SPT. :)

You are so detailed in your approach
I guess that's my autistic side rising above.

Congrats on the 3M SPT, now all we need is Aggy & Matt to integrate SPT into the game pumping our bags :-)

Great post @costanza. I am about to hit 100k SPT which I have accumulated from writing blog posts and delegating to @monster-curator account.

Congrats on the 100k especially being able to build it up without investing. All these things will add up over time even if some of them go to zero. Good luck getting to 200k

I have some SPT stake in my wallet, nice pump today.