$SPA is a currency, meaning it’s an “access” or “participation” asset within our ecosystem. If hordes of people want to participate in Spartan Syndicate activities, join the Spartan Syndicate, or climb the tiers there will be a ton of buy pressure and price may go parabolic.
In times of lower activity, holders may choose to sell their $SPA. The average price of $SPA, over time, is a reflection of how much people value what the Spartan Syndicate is doing and how much they want to participate.
Because it’s the ecosystem currency, you can hold $SPA while earning $knight if you are bullish on the whole ecosystem over a long period of time.