Dark Energy Crystals earned in trading card game Splinterlands can now be traded on the decentralized exchange Uniswap. Gamers who hold lots of DEC tokens and provide liquidity on the exchange, will earn virtual land as a reward. Splinterlands is giving away 3 thousand plots of land, while in addition they are organizing a raffle based on trading activity.
Splinterlands has provided 50 thousand dollars of liquidity to the Uniswap trading pair, equally split between DEC and ETH. They will release more details about the raffle during the upcoming land sale. At the time of writing the Splinterlands reward token DEC is worth $0.0008 and the total liquidity on Uniswap is 63 thousand dollars.
Details about the raffle are still scarce, but participants will earn a raffle ticket for every dollar spent. They can win prizes like legendary cards and plots of land. The grand prize is an entire land region, which consists out of one thousand plots, worth 15 thousand dollars.
What is Splinterlands?
Splinterlands is a trading card game that started on the Steem blockchain as Steemmonsters. However, over time the project changed names. Now gamers can play the game on desktop and mobile devices, mainly using the Hive blockchain. Thanks to an intelligent functionality, cards and tokens can also be traded on the Ethereum blockchain.
Splinterlands allows anybody to play and earn cards and other resources. Players need to create a set of cards to defeat their opponent. Cards come in different rarities with seven different stats. In addition these cards have abilities and come from seven factions. The way cards work together is dependent on all these different attributes.
Players earn cards by winning matches. They can combine cards to gain levels. After that you can sell cards on the open marketplace for cryptocurrencies, or lease them to other players. The most rare cards are wanted assets, especially when there are tournaments.
Gaming and DeFi match made in heaven
As decentralized finance is gaining grounds in all kinds of fields, gaming in a natural fit. Gamers have been playing inside virtual economies for decades, collecting gold in World of Warcraft or harvesting tiberium in Commanbd & Conquer. These game economies introduced gamers to different principles, ranging from limited supply of resources to market demand. The ability to play a game, and earn something that has actual value, is the next big trend in gaming.
It’s evident that there’s a strong connection between decentralized finance and gaming. Blockchain technology is opening this up. The Sandbox has the SAND token, while Animoca Brands uses REVV in multiple racing games. There’s COIN and CRED, combining social tokens with the gaming world of Neon District. The most famous example is probably Axie Infinity and its Small Love Potions, which provides income for some families, while it’s an in-game resource for others.
Everybody adds value in gaming
Gaming is filled with decentralized finance. The power of gaming is the ability for everybody to provide value. In decentralized finance you can only provide value by having big bags of money. The most valuable aspect a user can provide to a video game is time and dedication. Even those who don’t invest any money into a video game, provide value to the community as whole. How? Just by being there! They collect resources, trade on the market, do quests with friends and work together to overcome challenges.
Gamers who play for free are often not very committed. But what if you would reward them for their efforts, and give them a stake into the game world. With the play-to-earn business model gaming companies are able to reward players who invest time in their game. That’s what gives gaming a very approachable version of decentralized finance: powered by community and driven by rewards. However, instead of putting in 100.000 dollars, gamers provide hundreds of hours of their time. How’s that for liquidity?
Robert Hoogendoorn is a gamer and blockchain enthusiast. He got in touch with crypto in 2014, but the fire really lit in 2017. Professionally he’s a content optimization expert and worked for press agencies and video production companies, always with a focus on the video games & tech industry. He’s a communication consultant for blockchain start-ups and writes not only for Play to Earn, but also other dapp websites and tech magazines.