My SPS Staking Strategy for October 2022

Passive income is a thing on Splinterlands

The GameFi leader, Splinterlands is an alternative way to wealth to create wealth with games, fun and pleasure. Besides, the Splinterlands game also hosts a DeFi component that allows for passive investment with huge returns. Receiving a staking return of 30% APY on a sure-to-grow asset like $SPS is worthy and decent.

Value is being added to the Splintershards token on daily basis. From DeFi to Decentralized governance to in-game purchases and more. Interestingly, the Splinterlands team are always on the look-out for ways to incentivize SPS token stakeholders holders. This makes the SPS toke a largely sought-after asset in the play2earn category of the cryptoverse.

Why I need to Increase my SPS Stake

The month October will be a big on for Splinterlands game ecosystem as it's about to launch the presale of NFTs packs of its flagship sports play2earn platform - Genesis league Sports (GLS).

Genesis League Sports is a blockchain-based, play2earn gaming platform and ecosystem specifically designed for sports games and NFTs.

An interesting feature of the GLS NFTs launch set to happen on on October 18, 2022, barely, 2 weeks from now is that SPS stakeholders will be airdropped with GLX token, which is the governance token for the GLS platform.

GLS will airdrop 100,000,000 GLX tokens to Splinterlands SPS stakeholders for the first 12 months. The distribution of the GLX airdrop will be determined by a daily snapshot of all the staked SPS holdings over the year. During that time, approximately 274,000 GLX tokens are expected to be airdropped to SPS stakeholders daily. - GLS Whitepaper

I have no doubt that GLS may mark a huge selling point for Splinterlands and may record far reaching stats in short time . This is because, it is linked with sports with passionate billion supporters all over the world. Read more on Genesis League Sports and how it seeks to onboard the masses form sports sector to the cryptoverse.

100 SPS added to Stake

I keep adding to my SPS stake as often as I can. Yesterday, I staked 100 more SPS and that brings my Total Splintershards Balance to 1,115.891

Transaction ID

Transaction ID

Every addition brings me closer to my next goal. I hope that also helps me to earn more SPS and VOUCHER token in the coming weeks.

SPS Staking Strategy for October 2022

The aim it to reach at least 2,000 SPS stake before the 18th of October. it is believed that before then, the Price of SPS would gain some momentum. I will do a daily and weekly buy of SPS token.

• Daily target of 50 SPS
• Weekly Target of 500 SPS

At the present rates, I'm sure that over $50 would be required. I think it is a worthy risk with my personal evaluation of the sports sector and how it can improve the lots of cryptoverse.

It can only get better!

Splinterlands game is termed the "next generation of collectible card games" in which allows players to collect, trade, and battle with provably scarce digital collectibles with real-world value. Battles on Splinterlands Unlike most trading card games, are fast and furious, and are usually completed within few minutes. The Splinterlands gameplay is simple and easy to learn viz: reviewing combat rules, making and submitting of the team and watching the battle unfold.

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