SPT Report & Calculated Passive Returns

in #crypto4 years ago

It has been over half a year since I first looked into the SPT token (See Post) which made me start cost-averaging in at a price below 0.00025$ reaching 1 Million SPT a couple months ago (See Post). This is an update on how things are going along with the passive returns I'm getting delegating it to @monster-curator...


There has not yet been an integration of the SPT token into Splinterlands but at some point in time it is bound to happen which makes this a sleeper coin great for accumulation while nobody is really watching it. If an announcement comes, the price likely will skyrocket making many FOMO buy into it giving a good opportunity for some profit-taking. For now, I continue to grow my stack without actively buying more.

The price of SPT goes up and down now sitting at around 0.00031$ with very little volume which makes it hard to get in without pushing the price way up or dump the price when selling. So getting in or out needs to be done gradually and most seem to hold on to their bags at the moment.

SPT Market Caps & Inflation

DatePiceMarket CapSupply
10/02/20210.00028$19,318 $68,905,727 SPT
22/04/20210.00031$ (+10.7%)23,123 $75,621,474 SPT (+9.74%)

There is currently a lot of inflation on SPT as 9.74% was added to the supply during the last 71 day. This decreases over time and it fully goes to content creators and curators (SPT Holders) on Splintertalk.io split 50/50.


@monster-curator Delegation Returns

Ever since I found the @monster-curator project which pays 100% of the curation rewards to those that lease their SPT to them, I have been making it into a daily routine in the morning to stake the SPT I received instantly adding to my lease for an optimal compounding effect. I have put the growth (both from Daily Passive Delegation earnings & Blog Post Payouts) of my SPT holdings in a chart with an expected APY just for delegating to @monster-curator over a period of nearly 200 Days. Ever since i reached 1M SPT, I haven't bought or sold SPT and just let it run.



I managed to grow the 1.003.640 SPT I had on February 9th this year to now 1.118.507 SPT which is a +11.4% increase in 71 days (blogging and leasing combined) which just about beats the inflation which was +10.7% over the same period. Just looking at the APY for leasing based on the last 7 days, it comes at +42.5%.


@monster-curator Delegators Returns

There is currently over 33 Million SPT delegated to the @monster-curator project which has just shy of half the Voting power on the platform to do proper curation getting solid content that is made about the game on the Front Tredning page of https://www.splintertalk.io/. 77 Different users are leasing out their SPT and the number seems to be growing a bit month by month.

DelegatorAmountCreated
@abrockman10000000 SPT8 months ago
@flauwy3.143.592.364 SPT8 months ago
@kiokizz1310000 SPT8 months ago
@toocurious142.802 SPT8 months ago
@foggybottom2200000 SPT8 months ago
@zaku-spt742.209 SPT7 months ago
@broxi163.322 SPT7 months ago
@cryptomancer2983352 SPT7 months ago
@hatoto45.162 SPT7 months ago
@claudio8362000 SPT7 months ago
@suprememagus10000 SPT7 months ago
@dkid14195.969 SPT7 months ago
@syyed204.928 SPT7 months ago
@allcapsonezero64139 SPT7 months ago
@jznsamuel43.613 SPT7 months ago
@lifeskills-tv50000 SPT7 months ago
@costanza1125310 SPT7 months ago
@galberto60000 SPT7 months ago
@splinterstats230000 SPT7 months ago
@rehan12337.872 SPT7 months ago
@sevenoh-fiveoh8475 SPT7 months ago
@khazrakh88.666 SPT7 months ago
@briight3 SPT7 months ago
@forealife465000 SPT6 months ago
@xabi200245 SPT6 months ago
@magnolia-maggie221 SPT6 months ago
@mercurial9165.675 SPT6 months ago
@oakshieldholding1.173.520 SPT6 months ago
@alokkumar12170.420 SPT6 months ago
@kikero5.459.925 SPT6 months ago
@netaterra152.256 SPT6 months ago
@ahmadmanga6.538 SPT6 months ago
@louis885000 SPT5 months ago
@behiver36.409 SPT5 months ago
@dune691310 SPT5 months ago
@followjohngalt2.000 SPT5 months ago
@niallon1120.724. SPT5 months ago
@idiosyncratic1243 SPT5 months ago
@freemonster50001 SPT5 months ago
@caladan1.319 SPT5 months ago
@alnash67 SPT5 months ago
@cryptofiloz49.497 SPT5 months ago
@reeta011937.917 SPT5 months ago
@szf2500 SPT5 months ago
@jfang0031.588 SPT4 months ago
@victor-alexander25.210 SPT4 months ago
@alexvan14.378 SPT4 months ago
@chubb1493500 SPT3 months ago
@completewind1.083 SPT3 months ago
@m-mirage-e2.122 SPT3 months ago
@sirdemian52.6323 months ago
@pixiepost2000 SPT3 months ago
@moonthumb1500 SPT2 months ago
@elricmoonslayer101.100 SPT2 months ago
@fullcoverbetting4500 SPT2 months ago
@damla11.116 SPT2 months ago
@renovatio5000 SPT2 months ago
@mightyrocklee714.005 SPT2 months ago
@tsnaks10000 SPT2 months ago
@justinparke22.865 SPT2 months ago
@razam723.403 SPT2 months ago
@charcoalbuffet10500 SPT2 months ago
@nextus211100000 SPT2 months ago
@funnel14000 SPT2 months ago
@velourex55.888 SPT2 months ago
@sinistry571 SPT2 months ago
@brunyson23.210 SPT2 months ago
@eirik20000 SPTlast month
@funferall1111 SPTlast month
@rondonshneezy215 SPTlast month
@mawit0781.137 SPTlast month
@riandeuk3.988 SPTlast month
@slider29907.049 SPT24 days ago
@phul16.040 SPT21 days ago
@tiffin6 SPT20 days ago
@okean12350000 SPT16 days ago
@notak2.446 SPT5 days ago

Conclusion

I can't help to be slightly disappointed seeing how hard it is to keep up with the big inflation SPT currently has by leasing SPT and Blogging on the platform which just barely beats that for me. This makes the main Value of SPT which still only has a 23k Market Cap in a likely price increase the moment it gets implemented into the game (If it ever happens as it's no guarantee). Being able to lease out SPT getting passive returns does help in offsetting the inflation and I keep liking this token as something to have a relatively small bag off as another way to diversity and get some passive returns in crypto. For players who are willing to make some quality content being rewarded with some SPT growing a bag without the need to invest it for sure is a nice opportunity.


For more Info Around the Splinterlands Game see...


In a couple of months from now, I will bring another update of the SPT token!



Sort:  

Great analysis… This is a sleeping giant for sure!

UpvoteBank
Your upvote bank
__2.jpgThis post have been upvoted by the @UpvoteBank service. Want to know more and receive "free" upvotes click here