SPORTS, the most fruitful among the Scots?
I have been observing the rewards distribution for Sports token and I'm astounded by how lucrative it gets for an investor. It's interesting how different it is from the other S-E (Steem-Engine) tokens. It seems that I can recover my initial investment in a matter of few days of curating content.
Currently, Sportstalk is using the 55/45 rewards split in favor of the author, which is perfectly fine for me. I guess providing a little extra reward to the authors will be a good motivation for the authors while curators are also getting a fair share of the rewards. That's just one of the obvious reasons why investing in Sports token could be lucrative.
Among all of the S-E tokens, Sports is the one that has an increasing buy orders in the past few days. Even though the asking price drop at around 0.004 steem/sports, the demand has stayed strong. Clearly, the supporters of Sports have seen a potential of good return out of it. And I'm starting to realize how lucrative.
I've been participating in Sportstalk for about 10 days now which means that I'm already receiving some of my curation rewards from the previous week. Initially, I bought about 10k Sports and staked for curating some contents. The curation rewards that I got for the past few days has almost doubled my staked and with few more Sports that I bought recently, my current stake has reach 20k. I haven't even claimed the other half of my upcoming curation and author rewards, my stake is nearly twice as much as a week ago.
Just to give you a rough idea on how the returns could go, if you are to invest 10k sports at the current price of 0.008 steem/sports, you will need to spend about 80 steem (about $22).
The current vote value of a staked 10k Sports is around 1,200 Sports, 10 upvotes will equate to a total of 12,000 Sports.
If the vote value of 10k Sports stay the same, the daily curation rewards will be about 5400 Sports. To put it simply, the investment will be returned in 2 days. However, based on my experience, it seems that the rewards are getting halved every week because when I first vested the 10k Sports, my vote value was around 2400 Sports. And then after a week, the value of my vote has dropped at around 1200 sports.
Considering the pace of decrease in the vote value is consistent for each week, if I ever decide to invest another 10k Sports today, while everything else will stay the same (buy order price). It will take about 4 days of curation rewards before I get my money back.
Learning about that makes me think that the earning potential for Sports stakeholders us ticking by the minute. You might have a different interpretation about this scenario but the way I look at it is that this period in the Sportstalk tribe is what I can say as the accumulation stage. It's an incredible opportunity for anyone in the steem community to be a huge Sports stakeholder at a very rapid pace. And as the demand grows while the supply of new Sports token decrease, it is definitely going to increase in the price as well.
With the current events in the Steem ecosystem, I believe we are already experiencing the time of abundance which was foreseen a couple of months ago. And at this point, the price of Steem doesn't not even matter anymore for as long as we know how to navigate through the reward portals that this blockchain can offer.
Steem on!
I invested this time last week and there were around 300 accounts on sports talk social. That's now up to 845, it's fair to say the reward is getting stretched but it's also great to see the project gaining some early momentum
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When you read what you wrote, you'll start #sportstalk as earnings instead of a good sports platform. Ok, I agree, because I do it myself in order to strengthen my account a bit. I hope that it will not only selvotes here. I would like my posts to be voted by other sports participants and leave a comment which at this time is very important for maintaining good content. I am not happy as my whole strength goes to my post. I will want to change this and invite my Polish community to the sportstalk tag.
shhhh :D
Currently things are pretty good but I expect rewards to be split a lot more than they are very soon.
We also have an influx of spammers in the ranks and this is likely to drain on the rewards if not kept under control.
I have a friend who called me today and was aking me if they can invest(buy) sports token.
I told the person that they can recover their investment in one month!! I will refer this post to them so that they can decide for themselves.
I guess two weeks is enough time to recover the initial investment!!
I have also noticed the reduction, but it is still fine though!
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Congrats, your post will be featured on the next Curator Pal's daily curation post. Thank you for sharing your insight about the Sports Talk Social platform. Please keep up the good work.
Thanks a lot for the support and feature.