SPT 55-Day Calculated Passive Returns

in #money • 4 years ago

I wrote a post taking a closer look at Splintertalk.io and the SPT token 2 months ago. (Link). By making that post, I talked myself into accumulating some more myself. As usual, I kept close track of the returns and these are the numbers so far...

In that previous post, I came to this conclusion:

The price at that time for 1 SPT was 0.00020$ and I started cost-average buying slowly as very little is needed to really push the price up since the supply on the market along with the trading volumes are extremely low. The maximum price I am willing to pay for these tokens right now is 0.00025$ which I see as a really good risk-reward zone.

This is how I cost-averaged my way in below my target price while getting daily passive returns and some more SPT from blogging along with the percentage returns each day on the delegation.

The average daily returns you get by leasing out SPT to the @monster-curator initiative based on my numbers is around 0.12% which brings it at around +43.8% on a yearly basis all calculated in SPT. I visualised it in a chart taking the 7-day average numbers comparing the Delegated SPT to the yearly returns also based on 7-day averages. I did most of my buying early on and slowed it down as price got higher above my price. I continue to add both my daily passive delegation returns and my post rewards compounding everything.

Looking at the tokenomics, it all comes from inflation which is really high at the moment and the only function of the token right now is to have tokens to get more tokens along with getting content higher on the trending page of Splintertalk.io.

There is no token burn mechanism yet or an outside use case for the token but they are planned in the future. I see front-running these in anticipation while nobody is really watching as a nice opportunity.

To do some deeper calculations, it is important to know how the token and its supply work which was highlighted in this post by @flauwy (See screenshot below)

As far as the value goes, right now there are ~62 Million tokens in circulation with 96k being added each day. At a price of 0.00025$ it comes at 24$ daily or 8760$ on a yearly basis. It will take over a year for the total tokens in circulation to reach 100 Million which will come down to only a 25.000$ market cap. Well over 50% of the inflation will go directly to curators as not everyone is using their SPT Power. Even when looking at the value purely from a blogging reward perspective it is not even that crazy compared to many of the other coins. Add the planned function for cosmetic NFTS in Splinterlands to work with SPT and a possible burn function and it's hard to see the price go below 0.00025$ this year. I also have been observing the market on hive-engine and noticed that there are more who try to accumulate. Regularly someone steps in buying all the sell order up to a point way above 0.00025$ for 100$ worth.

MONSTER CURATOR

The @monster-curator project now has a whopping 26.5 Million SPT delegated to it which is close to half of the circulating supply. They seem to be spreading the upvotes around in a fair way and everyone that puts some time in creating good quality Splinterlands related content using the SPT tag will get picked up with a good upvote. Also everyone that joins in on the Weekly Battle Challenge also is getting a SPT upvote from @monster-curator. There are currently 42 different users who delegate their SPT to the project to get passive returns which is in most cases way more optimal and time-saving compared to doing manual curation.

FromAmountSymbolCreatedUpdated
@abrockman9500000SPT3 months ago18 days ago
@flauwy2563171SPT3 months ago6 hours ago
@kiokizz1270000SPT3 months ago10 days ago
@toocurious115024SPT3 months ago3 months ago
@foggybottom1700000SPT3 months ago17 days ago
@zaku-spt742209SPT3 months ago3 months ago
@broxi163322SPT3 months ago16 days ago
@cryptomancer2528352SPT2 months ago28 days ago
@hatoto33435SPT2 months ago19 hours ago
@claudio8331000SPT2 months agolast month
@suprememagus10000SPT2 months ago2 months ago
@dkid14195969SPT2 months ago2 months ago
@syyed190687SPT2 months ago7 days ago
@allcapsonezero60135SPT2 months ago2 months ago
@jznsamuel37431SPT2 months ago3 days ago
@lifeskills-tv50000SPT2 months ago2 months ago
@costanza442470SPT2 months ago13 hours ago
@galberto60000SPT2 months ago2 months ago
@splinterstats100000SPT2 months ago12 hours ago
@rehan12196108SPT2 months ago5 days ago
@sevenoh-fiveoh8475SPT2 months agolast month
@khazrakh14566SPT2 months agoyesterday
@felipejoys22.973SPT2 months agoyesterday
@briight3SPT2 months ago2 months ago
@forealife465000SPT2 months ago2 months ago
@xabi177050SPT2 months ago13 days ago
@magnolia-maggie221SPT2 months ago2 months ago
@mercurial948313SPTlast month10 minutes ago
@oakshieldholding23886SPTlast month7 days ago
@alokkumar12124178SPTlast month23 days ago
@kikero5459925SPT29 days ago29 days ago
@netaterra114378SPT25 days ago3 days ago
@ahmadmanga5901SPT25 days ago6 days ago
@louis885000SPT19 days ago19 days ago
@behiver25427SPT13 days ago5 days ago
@dune691129SPT12 days ago12 days ago
@followjohngalt1844SPT12 days ago12 days ago
@niallon11495SPT12 days ago12 days ago
@idiosyncratic1243SPT12 days ago12 days ago
@freemonster50001SPT11 days ago11 days ago
@caladan1097SPT7 days ago5 days ago
@sharkmonsters90000SPT6 days ago6 days ago

I know at least some of the 25 that came in after me did so after reading my initial post and many continue to compound their earnings. There is no minimum requirement to delegate and the daily payouts are being done automatically without transaction fees. I will continue to track this token and likely bring more updates on how it is doing in a couple of months from now...

Conclusion
I'm quite happy with the ~440k SPT I bought and accumulated over the last 2 months leasing it out to @monster-curator to get passive returns in anticipation for the token to (hopefully) get more use cases. I will continue to buy more in case the price goes below my personal 0.00025$ target price but I'm also fine if this opportunity to buy that cheap is gone now. I by no means see this as a serious investment but more as a fun token with some potential and enough reasons to believe it's undervalued. Regardless if it goes up or down, I'm all fine with it.

#investing #splinterlands #spt #earnings #sbc #crypto #blockchain #returns #blogging
4 years ago in #money by
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  • Past Payouts $0.56
  • - Author $0.29
  • - Curators $0.27
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     4 years ago 

    Great article! Really awesome analysis… I have been preaching for months that the token was undervalued and I am proud to be the number one whale. The entire team and I at @monster-curator Will be continuing to use our share for good by creating use cases and rewarding other participants.

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     4 years ago 
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