I noticed today that SPT is trading at a 36% discount from yesterday. SPT is a second layer token from Splinterlands.
Posting in www.Splintertalk.io and Splinterlands Community will result in SPT rewards. A second layer token is another token that is issued in addition to the Hive token when using a front-end interface (another website or application) that runs on the Hive Blockchain. For example, posting on Leo Finance results in Leo and Hive being issued to the author when the post is upvoted by others.
So when I noticed the drop in SPT price today, I thought I would try to acquire some.
My first step is to move some Hive into Swap.Hive at Tribaldex.
To do this, I go to Tribaldex and then to deposit. Deposit can be located by clicking on the wallet. I add 100 Hive and it cost me 0.75 Hive for a net of 99.250 swap.hive.
My first choice is to exchange the swap.hive inside a pool for SPT.
But alas, there is no Diesel Pool for the exchange of swap.hive to SPT. So, I cannot use a pool for this transaction.
The alternative route is to buy the SPT in the Tribaldex exchange.
I check to see how much spread, that's the difference in what someone is willing to sell and someone is willing to pay, is for SPT.
In this case, the spread is pretty wide with sellers at 0.0015 (ASK) and buyers at 0.00951 (BID). The bigger the spread, the less interested buyers are in acquiring the token.
I have two choices at this point.
I can buy at market price which is the ASK price, or I can place a limit order which will be near the BID price.
I decided to enter a limit order that is slightly less than the top BID price. so I am attempting to buy 110,155 SPT at a price of 0.000901 which uses most of 99.25 Swap.hive.
I feel that this is a good BID since I can look at the recent sell and buy that has occurred in the last few hours.
Notice that SPT has been sold at both the BID and ASK price, but more volume has occurred at the BID price. This tells me that sellers are more willing to sell cheap than buyers are willing to buy at expensive.
I have entered my order and now I must wait to see if there will be any sellers willing to sell at my BID price.
I notice pretty quickly that someone else has entered a BID of twice my size at a slightly higher price. This means that order (highlighted in yellow) will be filled before my order if anyone decides to sell at the BID price.
If the trade happens in the next 7 days, I will add the results in this post or in a comment.
So what's your procedure for acquiring second layer tokens and why?
I like to have LEO and SPT staked because those are the communities where I post, vote and comment most often. By having the 2nd layer tokens staked, I earn SPT and LEO, just like I earn Hive on staked Hive, for my normal interactions.
Also, if there is an easier or cheaper way than the procedure that I have outlined above, please let me know.
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hola amigo, VES POTENCIAL DE REVALORIZACION A SPT?
Tienen algun sistema de quema del token , maximo supli, etc??
!PIZZA 😎
SPT is a token created by Splinterlands, I think. Sometimes the coin/token has value in the game like it was a bonus for SPS airdrop. I invest in SPT the same way as I do LEO. I see it as a way to double stack coins/tokens. !BEER
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Hi @methodofmad!
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Also, sorry if my answer is not to your question. I like that you ask in Spanish because I am trying to learn Spanish, but sometimes I do not fully understand.
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😜 , genial que estes estudiando español, porque mi ingles es muy malo😅
SPT. segun tengo entendido no fue creado por la empresa splinterlands, pero si daba puntos de airdrop , durante el año que se dio SPS, AHORA YA ESE AIRDROP ACABO...
en poco tiempo empezaran a dar el token del nuevo juego de futbol a los holder en staking de SPS, DURANTE 1 AÑO TAMBIEN😎
no se si SPT, TENDRA ALGO SIMILAR EN EL FUTURO, si que lei que sera un requisito para acceder a algunos torneos de splinterlands
Gracias por aclaracion sobre SPT. Cual is otra sequnda moneda que recomdendas?
https://peakd.com/hive-13323/@elclements/resumen-del-town-hall-de-splinterlands-del-08-08-2022-esp
Este es el enlace que habla del nuevo juego de futbool , creado en asociacion con splinterlands,y el nuevo token GLS, que sera repartido via airdrop a los holder (en staking) de SPS
I have never really engage in splinterland because I don't have much idea about it but will love to be part someday.
Let me know when you are ready to start in Splinterlands. I will delegate some good cards to you if you use my referral code https://splinterlands.com?ref=methodofmad I like playing the game, but my real involvement is as an investment. There are lots of ways to earn in the game and through the game.
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Wow I will really like too and thanks
The way I trade depends on whether I'm in a hurry or not. If so, I usually pay the market price so that the trade goes through quickly and I can stake my tokens. If not, that is when I'm willing to waith the extra hours (or in some cases, days) for myorder to be filled.
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I agree. I bought at market when I first staked LEO and SPT. I have been staking both as I earn them. I am pleased with the progress and I want to add more when it's a bargain, so I am also using limit for purchases now.
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Does it seems the apt will still dip further
SPT is thinly traded, so I think there is a chance that it will dip sporadically, but this is the largest dip that I have seen.
Posted Using LeoFinance Beta
Keep stacking my friend. It great opportunity to buy SPT when it's 36% discount.
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