SPT 55-Day Calculated Passive Returns

in LeoFinance7 months ago

I wrote a post taking a closer look at Splintertalk.io and the SPT token 2 months ago. (Link). By making that post, I talked myself into accumulating some more myself. As usual, I kept close track of the returns and these are the numbers so far...


In that previous post, I came to this conclusion:


The price at that time for 1 SPT was 0.00020$ and I started cost-average buying slowly as very little is needed to really push the price up since the supply on the market along with the trading volumes are extremely low. The maximum price I am willing to pay for these tokens right now is 0.00025$ which I see as a really good risk-reward zone.

This is how I cost-averaged my way in below my target price while getting daily passive returns and some more SPT from blogging along with the percentage returns each day on the delegation.

The average daily returns you get by leasing out SPT to the @monster-curator initiative based on my numbers is around 0.12% which brings it at around +43.8% on a yearly basis all calculated in SPT. I visualised it in a chart taking the 7-day average numbers comparing the Delegated SPT to the yearly returns also based on 7-day averages. I did most of my buying early on and slowed it down as price got higher above my price. I continue to add both my daily passive delegation returns and my post rewards compounding everything.

Looking at the tokenomics, it all comes from inflation which is really high at the moment and the only function of the token right now is to have tokens to get more tokens along with getting content higher on the trending page of Splintertalk.io.

There is no token burn mechanism yet or an outside use case for the token but they are planned in the future. I see front-running these in anticipation while nobody is really watching as a nice opportunity.

To do some deeper calculations, it is important to know how the token and its supply work which was highlighted in this post by @flauwy (See screenshot below)


As far as the value goes, right now there are ~62 Million tokens in circulation with 96k being added each day. At a price of 0.00025$ it comes at 24$ daily or 8760$ on a yearly basis. It will take over a year for the total tokens in circulation to reach 100 Million which will come down to only a 25.000$ market cap. Well over 50% of the inflation will go directly to curators as not everyone is using their SPT Power. Even when looking at the value purely from a blogging reward perspective it is not even that crazy compared to many of the other coins. Add the planned function for cosmetic NFTS in Splinterlands to work with SPT and a possible burn function and it's hard to see the price go below 0.00025$ this year. I also have been observing the market on hive-engine and noticed that there are more who try to accumulate. Regularly someone steps in buying all the sell order up to a point way above 0.00025$ for 100$ worth.


MONSTER CURATOR

The @monster-curator project now has a whopping 26.5 Million SPT delegated to it which is close to half of the circulating supply. They seem to be spreading the upvotes around in a fair way and everyone that puts some time in creating good quality Splinterlands related content using the SPT tag will get picked up with a good upvote. Also everyone that joins in on the Weekly Battle Challenge also is getting a SPT upvote from @monster-curator. There are currently 42 different users who delegate their SPT to the project to get passive returns which is in most cases way more optimal and time-saving compared to doing manual curation.

FromAmountSymbolCreatedUpdated
@abrockman9500000SPT3 months ago18 days ago
@flauwy2563171SPT3 months ago6 hours ago
@kiokizz1270000SPT3 months ago10 days ago
@toocurious115024SPT3 months ago3 months ago
@foggybottom1700000SPT3 months ago17 days ago
@zaku-spt742209SPT3 months ago3 months ago
@broxi163322SPT3 months ago16 days ago
@cryptomancer2528352SPT2 months ago28 days ago
@hatoto33435SPT2 months ago19 hours ago
@claudio8331000SPT2 months agolast month
@suprememagus10000SPT2 months ago2 months ago
@dkid14195969SPT2 months ago2 months ago
@syyed190687SPT2 months ago7 days ago
@allcapsonezero60135SPT2 months ago2 months ago
@jznsamuel37431SPT2 months ago3 days ago
@lifeskills-tv50000SPT2 months ago2 months ago
@costanza442470SPT2 months ago13 hours ago
@galberto60000SPT2 months ago2 months ago
@splinterstats100000SPT2 months ago12 hours ago
@rehan12196108SPT2 months ago5 days ago
@sevenoh-fiveoh8475SPT2 months agolast month
@khazrakh14566SPT2 months agoyesterday
@felipejoys22.973SPT2 months agoyesterday
@briight3SPT2 months ago2 months ago
@forealife465000SPT2 months ago2 months ago
@xabi177050SPT2 months ago13 days ago
@magnolia-maggie221SPT2 months ago2 months ago
@mercurial948313SPTlast month10 minutes ago
@oakshieldholding23886SPTlast month7 days ago
@alokkumar12124178SPTlast month23 days ago
@kikero5459925SPT29 days ago29 days ago
@netaterra114378SPT25 days ago3 days ago
@ahmadmanga5901SPT25 days ago6 days ago
@louis885000SPT19 days ago19 days ago
@behiver25427SPT13 days ago5 days ago
@dune691129SPT12 days ago12 days ago
@followjohngalt1844SPT12 days ago12 days ago
@niallon11495SPT12 days ago12 days ago
@idiosyncratic1243SPT12 days ago12 days ago
@freemonster50001SPT11 days ago11 days ago
@caladan1097SPT7 days ago5 days ago
@sharkmonsters90000SPT6 days ago6 days ago

I know at least some of the 25 that came in after me did so after reading my initial post and many continue to compound their earnings. There is no minimum requirement to delegate and the daily payouts are being done automatically without transaction fees. I will continue to track this token and likely bring more updates on how it is doing in a couple of months from now.


Conclusion
I'm quite happy with the ~440k SPT I bought and accumulated over the last 2 months leasing it out to @monster-curator to get passive returns in anticipation for the token to (hopefully) get more use cases. I will continue to buy more in case the price goes below my personal 0.00025$ target price but I'm also fine if this opportunity to buy that cheap is gone now. I by no means see this as a serious investment but more as a fun token with some potential and enough reasons to believe it's undervalued. Regardless if it goes up or down, I'm all fine with it.


Also See: LEO Miners 50-Day Calculated Returns



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Wow, I'm one of those who joined after your post and continue to compound every now and then.

I don't see this as a huge investment too, I'm not confident enough with SPT token like I am with Hive and Leo that it's undervalued, so I'm only investing what I'm prepared to lose.

Nice, it's indeed a fun little coin to hold. Everything pretty much depends on how will be integrated into the game if it will happen in the first place. When it comes down to the danger of price falling I actually see SPT as less of a risk compared to Hive and leo.

I used to post to the tribe a lot back at the start but like anything else here, there is so much happening that it is hard to be everywhere. I think it's good to focus on one area and go all out on it. It's a good post and i would say after reading it that you make some good points. The value should rise over time so it will be nice to have a stack when it does.

Gracias por la iniciativa apenas compre 60k pero con ello he obtenido mucho rentimiento mas que cualquier otra fuente de ingresos pasivos tienes toda la razón quiza en un futuro este token tenga una buena relación con los desarrollo futuros hoy es buen momento de crecer por aquí tomaré como objetivo alcanzar los 100k que no es algo que esta en el cielo.

Posted Using LeoFinance Beta

Good luck reaching 100k SPT.

I should have done it a long time ago.

I guess that's what people will say once SPT will be announced to get integrated in the game. If it ever does that is.
Good to see you join in on delegating.

how can I increase my SPT delegation?

in your wallet on https://hive-engine.com/ you can Stake SPT ( after you earned or bought it) and click the delegation button. If you already have delegated, the amount you put will be delegated on top of that keeping the existing delegation in place. It takes less than a minute each day to stake and delegate the passive SPT earnings for a maximum compounding effect.

I hope that helps

I will try. Thanks for helping me.

Too bad you don't offer this service for other tokens like SPORTS, AENEAS, LEO and CTP.
In any case I am very grateful to you!

I have been thinking exactly the same thing. I like the fact that curation (especially on a small platform like splintertalk) is centralized especially knowing that everyone that puts effort into creating good content will get picked up. Also as an investor, few actually have the time to do manual curation. If something like this was available on the other tribes, I would gladly delegate and even buy some more if the numbers make sense.

!ASH Friend, good analysis. Continue in the same spirit and good luck to you!


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thanks, I will!

Command accepted!

Really nice analysis of what we do with SPT. I haven't done any math like this before so it is helpful to get some data on it.

Flauwy-avatar-planet-125w.png
Mushroom-Monster-head2.png
Monster-Market-125w.png
Manually curated by @flauwy

Monster Upvote SPT (Splintertalk.io)

Delegate SPT to @Monster-Curator with LeoDEX or Hive Engine and earn daily SPT payouts.
Sponsored by MonsterMarket

Keep up the great work with the monster-curator project. Without it, I would probably not hold any SPT as it's just impossible to manually curate properly and consistently. If only the other tribes had something similar. I'm quite sure monster-curator for many is a good reason to buy & hold SPT which helps the price a lot.

I am glad it works so well and I am thankful to all the people who trust in this project and delegate their stakes to us. We try to make the best out of it!

@flauwy

Perfect. I was looking for this exact information, as talking to @flawy this week, I've decided to start staking ALL of my SPT - which ranges from 4,000 - 8,000 per week. I've tried selling the token each week for the past few weeks to add to the size of my weekly swap.btc buy, but discovered that I was losing up to 30% on the conversion in Hive-Engine. So I will try my luck with the staking. I think that the long term fundamentals are better than selling 4-8k per week. Let's see how it goes. Thanks.

Nice the read the article helped @transcript-junky!

I don't see how you could go wrong staking what you earn in SPT. It is quite addictive though and I always want more :-) I will likely take some profit if the day comes where it actually gets integrated into the game. I don't expect the price to go up all too much until that point as most probably post2mine and selling what they earn.

Thanks for sharing! - @ashikstd

Analysis on SPT... mmm.
It's a nice one.
It's nice to know that you're happy with your accumulation.
Cheers.

Great article! Really awesome analysis… I have been preaching for months that the token was undervalued and I am proud to be the number one whale. The entire team and I at @monster-curator Will be continuing to use our share for good by creating use cases and rewarding other participants.

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Nice post and good analysis..

Thanks for mentioning...
My main account is @guurry123 and I created this account as a alt account to play the @splinterlands .... afterwards I realized the aI have some SPT token J ama nit using them in good waybto curator others... so I decided to transfer the tokens to @freemonster account...
But still their was gaps and I was not able to fully utilize the SPT voting..so finallybI come across the post about delegation to @monster-curator and decided to delegate and I am happy that I ama getting the passive token....

Your post will helps others to understand the SPT delegation benefits
Thanka for sharing...