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RE: A case for $1 SPS in the next month.

in LeoFinance • 3 years ago

I came to a very similar conclusion... With all the SPS being staked, where will the liquid SPS come from for buying 1000 packs? I'm sure people with big wallets will want to get these 10% discount. So now I have BUSD and I want to buy packs. I will definitely first swap my BUSD to SPS and then pay with a 10% discount. The problem where will the SPS come from if everybody stakes it... You are totally right, all the ingredients are in place for a very volatile and explosive SPS market :-)

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3 years ago in LeoFinance by
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         3 years ago 

        But if sps I pegged to market price, even if sps hits $4 it will just be 1 sps per pack

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               3 years ago 

              Exactly, that's why it might be interesting keeping some SPS liquid just to buy packs with them.

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                     3 years ago 

                    Agree !PIZZA

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                           3 years ago 

                          @achim03! I sent you a slice of $PIZZA on behalf of @failingforwards.

                          Learn more about $PIZZA Token at hive.pizza (1/10)

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                                 3 years ago 

                                THat's the hope. Then we just need enough vouchers to take advantage of that which is going to be an issue.

                                If we saw it at $4 per pack then everybody would want to trade SPS for packs and it would be a free for all. That is why the vouchers will be key to getting in on the deal.

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                                       3 years ago 

                                      At the moment i'm selling DEC to SPS every day as i earn it form the rental market. I'm hoping to stack a lot of it before the new packs drop since i think the price will shoot up.

                                      If i can stake enough now it will give me even more for the presale and hopefully the price will rise to make it a lot cheaper for those packs. In theory if the price rises high enough. I will be able to get in on the chaos presale for free with my airdrop SPS as the fund for new packs.

                                      We will have to keep an eye on it as the time moves closer so that we get the best deal possible.

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