The NFT sector is constantly evolving. For example, Theta Network currently has a market cap of USD 7.5 billion, leaving behind projects such as Decentraland and The Sandbox, which presently have USD 4.1 billion and USD 1.6 billion. This would have been unthinkable a few weeks ago, but we are in the crypto sector, and surprises happen daily.
If you want to discover the next Theta Network before it is exploited like it just did, we think this new project has everything to achieve that growth. The answer is Splinterlands, the next generation of collectible cards games. With this Play-to-Earn game, you can be a professional gamer winning rewards from tournaments and quests.
Splinterland’s native token, $SPS, went from 57 cents in October 1st, 2021 to an all-time high of $1.07 in July 28th, 2021. That is 87% growth! Nowadays, the $SPS is trading at 48 cents of a dollar with a marketcap of USD 85 million and a 24-hour trading volume of USD 3.5 million.
Therefore, in this article, we will give a deeper look at this P2E NFT game:
What is Splinterlands?
Splinterlands is a digital- NFT game built on the Hive blockchain. It’s the digital version of “Magic the Gathering” or “Yu-Gi-Oh,” where you have to develop a collection of cards that have different stats and abilities. This game is available on desktop and mobile devices.
The difference is that blockchain technology lets users buy, sell and trade their digital cards freely and securely. This also means that every transaction in Splinterlands is immutable and public.
We can find seven tabs inside Splinterlands:
- Shop: You can buy any item (packs, lands, potions, skins) with many payments options like Giftcards, Paypal, and cryptos like HIVE, BTC, ETH, LTC, and more.
- Open: This section works to open a card pack in your card inventory.
- Market: This is where you can buy a card that has a large variety. In this section will appear other three authorized websites to trade them.
- Cards: In this section, you will find all your available cards, high-potential, It’s, and you will be able to find card packs.
- Battle: You can learn how to play Splinterlands, see all the in-game stats and start playing it.
- Events: You can see the worldwide tournaments and details about them.
- Guilds: This section is to see the general rank of users.
Splinterlands Data Governance And Value Proposition
The $SPS tokens will let users participate in governance decisions in the future (Q1-2022) by staking them. Also, the Splinterlands website will be updated with a new page that will give a user-friendly interface for reading, developing, and voting on governance ideas.
Some elements that may be programmed into the governance system throughout time are as follows:
- Splinterlands-sponsored tournament schedule, settings, and prizes
- Card balance updates
- Quest, season, and leaderboard rewards
- Battle settings (time limits, mana cap, rulesets, inactive splinters, etc.)
- DEC inflation pools
On the other hand, in the continued growth of the Splinterlands ecosystem, the team recently unveiled the Chaos Legion expansion card packs. Splinterlands has debuted a new scalper and bot protection mechanism called VOUCHER to ensure fair distribution of the new card pack.
We're nearing the halfway point of the Chaos Legion presale event. Don't forget one Dr. Blight promo card is guaranteed for every fifty presale packs purchased and one gold foil version is guaranteed for each thousand presale packs purchased!#splinterlands #sps #hive #PlayToEarn pic.twitter.com/whgY9p4Vf8
— Splinterlands (@splinterlands) November 1, 2021
Also, to fight bots and scalpers, Splinterlands has devised a unique VOUCHER method. All players must have equal access to Chaos Legion. The team created a new VOUCHER token rather than selling the packets all at once and leaving them to be purchased in bulk by a select few.
Every card pack purchased will need the payment of $4 and one of these VOUCHER tokens. VOUCHER can only be obtained by playing the game and staking the $SPS token.
In addition, thanks to the rapid growth of the platform, Splinterlands focused on improving security with these three decisions:
- Since Nov 4th, all the accounts will require their active key to make any transaction.
- Players will have to link an external blockchain wallet to their accounts.
- Players won’t be able to log in with the master password.
News About Splinterlands
There is some news about Splinterlands. Pancakeswap users stake $CAKE and earn $SPS tokens, the Splinterlands native token. Also, there is an update about the $SPS minting on the Binance Smart Chain. Also, Splinterland is improving its APIs to make its website operate smoothly and without interruption.
On the other hand, did you know that a Splinterland user injected USD 10 into the game, which ended up being USD 17,000? Yes, A couple of years ago, Taylor Carmichael discovered Splinterlands and started playing for free, then he paid USD 10 to get access to the entire monster library, and after playing it for two years, his cards are worth USD 17,000.
DAO and Tokenomics
A series of smart contracts will be issued on the Binance Smart Chain (BSC) platform to set up the Splintershards token as a DAO.
The Ethereum blockchain was initially chosen as the platform for token governance contracts. However, the gas fees required to publish transactions to the Ethereum blockchain have become prohibitively expensive, limiting what can be done with the governance token contracts and the number of people participating.
As a result, users will be able to stake their $SPS tokens in the smart contracts once they have been built and distributed, at which time they will be utilized for governance voting in the DAO.
All interactions between the Splinterlands game, which runs on the Hive blockchain, and the $SPS tokens, which will run on the BSC blockchain, will run via an oracle system.
On the other hand, $SPS tokens will be issued/unlocked according to a pre-determined timetable that will span roughly 65 months from the date of the token’s initial distribution.
The maximum total supply of $SPS tokens will not exceed 3,000,000,000, which are planned to be allocated.
Source: Splinterlands Docs
Longevity Projects, Competitors & Risk Factors
According to the roadmap, in Q4-2021, the governance and land expansion rewards will be launched. Also, in Q1-2022, the Binance Smart Chain contracts, DAO, and Oracles will be established too.
On the other hand, Splinterlands have strong competitors inside the NFT game sector like Axie Infinity and Aavegotchi. However, what makes Splinterland unique is:
- Splinterlands market gives users the access to buy the NFT cards and other items via PayPal or crypto.
- There are third-party markets like peakmonsters, MonsterMarket, and cardactionz, which make you have a wide variety of NFT cards.
- Users can rent NFT cards inside the splinterland market and in peakmonsters.
Finally, Splinterlands have some risk factors, like that the $SPS token has only a USD 84 million marketcap with a 24-hour trading volume of USD 3.1 million. Overall, these are still small numbers for an NFT game which is still a project that has a long way to go.
Therefore, we recommend that you do so with caution if you participate in this project.
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