It's time to talk about the elephant in the room and then give you guys a little update on some new tokens we'll be adding to INDEX today :)
We've Got SPS
In case you might have not heard, Splinterlands has done a little thing called SPS and has been airdropping it to asset holders over the past 48 hours.
INDEX holds over 6 million DEC which has translated into a very healthy little SPS air drop...
It's around 1100 or so SPS a day over the next calendar year which means...INDEX is a very large holder and will be throughout this coming year for SPS.
Which brings us to the case in point...
These are your SPS tokens.
And we will always come to you, to determine what we should do with them.
There are a few options, and we've got our favorite, but we are looking for your feedback.
We can manually transfer the SPS we receive once a week (until we develop a script to automatically do it daily lol) to INDEX token holders. This would happen for the next 363 days until the air drop runs out.
We can continue to hold SPS and stake it when staking is enabled on August 2nd. This will help the INDEX account grow and we could revisit distribution after the hype has gone down and things level out.
Or we can poke around with ideas that you may have in the comments below and discuss them.
So we're leaning towards option 2 for a few reasons. The big one, we can't do this automatically yet which would be a logistical nightmare for us right now. But the biggest reason is that...
We all want to maximize the returns that SPS is sure to generate, and 1100 SPS tokens a day staked, is a lot more powerful than the few dozen we may all get depending on how many INDEX tokens you hold.
Also, it would allow us to work with you guys to get suggestions on how to maximize it even more and see where we are at in a few months.
But again...These are your tokens and we will honor whatever the community would like us to do.
Please please please, leave your comments and suggestions below :)
We hope everyone can see the vision we had for INDEX now, a lot of people just bought and sold, but crypto is a long term game in our opinion...And the SPS airdrop is proof, when you stay the course, and hold...Good things happen!
Remember - 80% of all rewards that INDEX generates goes directly to token holders!
New Tokens Added To Index
SPT
I mean...I think this one is obvious!
We're not above being on the hype train, and SPT is a no brainer right now. We'll be adding the Splinterlands community token to INDEX immediately and of course, this helps grow our daily SPS rewards as well!
PIZZA
One of the hottest engagement tokens on Hive Engine, and we're big fans of it!
Hive Pizza will be added to the INDEX tokens today!
Hope you guys like the new additions to INDEX and we're looking forward to hearing your input on the SPS management.
If you are interested in grabbing some INDEX, now is the time :)
Buy INDEX on Hive Engine Here!
Buy INDEX on Leo Dex Here!
To read up on the INDEX project, view our holdings and projects associated visit our official website - He-Index.io
Join our Discord here!
Awesome ! My opinion has no value because I'm not totally into splinterlands and heard for the first time about the SPS right now. Anyway my opinion is "Hold for now and you'll see later for the dividends, when this will be stacked".
It's huge for !PIZZA ! Can't wait to see other tokens added in the future !
We're big fans of Pizza...And Torrey has been a day one supporter of CTP too. Awesome project for us to add!
A big fan too ! Their website has everything to become huge !
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Learn more about $PIZZA Token at hive.pizza (1/10)
Welcome to the !PIZZA family!
Great to be onboard!
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I would say wait until the 2nd to revisit.
Posted Using LeoFinance Beta
Thanks for the feedback, appreciate the input!
I agree, wait until things settle down a bit for SPS
All in favor of receiving SPS... but no point in rushing it, we're in this for the long run! Stake those tokens, think about that script, but for now, my vote is for number 2!
Appreciate the feedback and input! Yeah we're leaning number 2 as well...Just to see where this thing is headed in a few weeks / months!
Number 2 sounds great to me. Keep growing the account!
Posted Using LeoFinance Beta
Appreciate the vote man! Thanks!
I guess you are aware of how staking rewards will be generated:
"Both the Ranked Battles pool and the SPS Staking Rewards pool will work similarly to how the DEC rewards for ranked battles work currently. After every ranked battle, a number of "reward shares" will be calculated for the winner based on the winner's ranked ladder rating, their Energy Capture Rate (ECR), and any modifiers such as the use of gold cards, win streak, and guild or other bonuses.
Then the reward shares value will be adjusted based on the amount of SPS tokens staked on that player in total."
If no one is playing that account or account have low ranking, staking yield will not be great at all.
Posted Using LeoFinance Beta
So, unless one invests time in playing the game, not worth staking SPS. Perhaps INDEX should distribute now, while the hype is greatest.
Posted Using LeoFinance Beta
Then looks like we'll be on the hunt for a player to represent us well for the rewards lol
We're open to all options!
Stake and distribute rewards is my vote.
Thank you sir!
Exciting new developments, to be sure! Splinterlands has suddenly become the hot commodity, so great you have such a large stake. Don't have a lot to invest, personally, but added 65 INDEX on the news.
I wouldn't rush into anything as far as distributions and dividends go... wait and see/hold and stake. I would see building value as more important than distributing income with this one.
=^..^=
Posted Using LeoFinance Beta
Thanks for the support :)
Yeah we're not a 'jump the gun' group of entrepreneurs...When people were raging at us to do something with DEC, we just held it and now we have a war chest of 6 million DEC to earn from to help INDEX holders.
Slow and steady is a great game plan in our opinion :)
If the meaning of staking SPS is the same as on Hive, then an action would need to occur by the account that is staking the token.
I believe more research is needed to find out exactly how the rewards from Staking SPS will be provided to the SPS holder. If it requires the SPS holder to be a player that has matches and awarded for wins, I would like to know who will be playing the INDEX's Splinterlands account so that the rewards are maximized.
If playing and winning is required to get rewards from staking SPS, then it might be best to distribute so that the INDEX holders can stake and earn the rewards from holding SPS for playing their own Splinterlands account.
I vote option two unless holding and Staking SPS in the INDEX account does not require playing the game otherwise I vote to distribute based on my above comments.
Thanks for the feedback man. Lots of options for sure and we dont wanna rush it. That's why we made sure to put it out there for the holders to discuss. :)
sweet two solid choices!
Posted Using LeoFinance Beta
Yessir!
And we'll be adding a few more in the coming days as well :)
Sounds like I might need to cash in this over priced DEC and get some ;)
`more questions than answers staking benefits are ?? do you have to play for the best rates when staked as someone said above.
I am leaning towards 2 but need more info on it to be sure
https://sps.splinterlands.com goes over it all :)
well I will leave it to you I have been there and did not see where it says what happens if you stake sps maybe I missed it. I do not understand the game so I will leave to folks that know what the heck you are doing with this game
Perfect!
Posted Using LeoFinance Beta
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I'm staking my SPS for sure... Feels like the kind of token I will want to have for many many years to come :-)
My first response would be to go for your number 2 option. That just makes sense to me, but I also have to admit that I am not really familiar with the game of Splinterlands and everything that goes along with it.
That sounds like an awesome idea to solve that problem.
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Check out the last post from @hivebuzz:
I woyld stake sps back into the game and see what happens as we can always unstake if another option becomes available