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SPS airdrop, the DEC pump and why not SPT too?

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@notak
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Everyone is excited by the upcoming launch of the splintershards (SPS) token.

The air drop is coming 26th of July. This means that if you hold DEC you will be eligible for SPS tokens.

For every DEC you receive 1 airdrop point, the table shows all the splinterlands assets and what the airdrop points are.

How much SPS will I get for each DEC, and how much is that worth?

It is estimated that there are 6 billion airdrop points in the system. Given there are 1.1M splintershards per day in the air drop, I estimate you will receive 1.1M/6B = 0.0002 SPS per DEC.

or 0.2 SPS per 1000 DEC per day.

I don't know the price of SPS, but I heard the private sale is around $0.02 per SPS (I think it was $0.018 mentioned in an AMA). If we use that as a guide (comment below if this is wrong), you will receive $0.004 per 1000 DEC held, per day.

If 1000 DEC was worth $1, this would generate a yield of 0.4% per day or APR of 146%! This seems way too off the money, so what has happened? The price of DEC has pumped up to $3

So it is now around $3, which mean the APR comes down to 48% still quite high but understandable because it is expected that the price of DEC will fall back to $1 at the end of the year when the SPS airdrop is done.

If we think about this, over the year you will gain 48% in SPS value, but lose 67% in capital value. I'll let you decide if you think its a good investment or not, the only thing that buyers of DEC could be thinking is that SPS will be worth more than the private sale price, hence the DEC is worth it.

So what about SPT?

SPT has airdrop points too at 0.25 the amount of DEC, then we would expect the price to be 25% of DEC. But its not, the price is about 10% of DEC, Nevertheless it has still pumped shown below:

If we use the price of SPT to work out the yield 1000 SPT costs $0.09.
1000 SPT provides 250 air drop points, which will give 0.05 SPS per day.

0.05 SPS is worth $0.001, so the yield per day is 0.001/0.09 = 0.05% per day or 20% APR

Why the discrepancy in yields?

well, I am guessing because DEC has a peg at around $1, this means there is some certainty that the price won't drop really low after the air drop, whereas SPT as of yet doesn't have a use case beyond the air drop (although there are future plans to sell artwork with SPT). This means the price could fall on SPT after the airdrop by more.

How do I get SPT?

Write a post tag #spt, and if you have good content, you will get upvoted by people with staked SPT. sometimes you could earn as much as 1000 SPT in one post, and that's worth 250 DEC in air drop points, so its well worth your effort. The best thing is, there will be some good splinterlands content on hive as well.