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Voucher+ Chaos Legion+ SPS update

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@forsakensushi
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Hello Everyone, ForsakenSushi in Da House!!!

In the last week since we last spoke Voucher and Chaos Legion pack price have remained approximately the same, with a slight increase in pack price in the secondary market, while SPS price has fallen from a peak of approx.  $0.91 to the current price around $0.60. My theory on this is that everyone who wanted to purchase SPS to stake for presale has done so already reducing current demand for SPS while some people might have been discouraged by the high amount of SPS needed to receive vouchers.

· For example, it costs approximately 4000 SPS staked to receive 1 voucher a day.

Many people have been quite discouraged by this fact. At the peak of SPS price that would mean you needed about $3600 worth of SPS in order to receive 1 voucher per day worth approximately $20.

Lets calculate that APR!

· For 1 month for fun. $20 dollars a day x 30= $600 in vouchers over presale month

600/3600= 0.17     So that means 17% return on cost. This is monthly so we have to multiply by 12.

17x 12= 204% APY  not too shabby $(0.90) SPS

Now lets calculate APR after decline in SPS

· For 1 month. $20 dollars a day x 30= $600 in vouchers over presale month

600/2400=0.25 so 25% return on investment in a month, multiply by 12.

25 x 12= 300% APY quite a healthy return.

Remember

· Remember these calculations do not value the SPS staking rewards which are still over 50% APR and the benefit of being able to get vouchers in the future as value added. Vouchers are expected to be needed to purchase packs even after presale. And “all new cool features” will require SPS staking in the future.

I purchased most of my SPS between 0.24 and 0.37 So my return is approaching 600% APY on vouchers with a near 50% APR in just 1 month!!! Not including staking income.

Thanks Splinterlands!!

P.s. wrote this post while I was at work, price of SPS has fallen to $0.52 this increases the APY calculated here!!!