Splinterlands has announced that their SPS governance token will launch next week. The SPS token, also known as Splintershards, will launch on Monday, July 26th, 2021 at 12:00 ET or 16:00 UTC. The first token airdrop will happen one day later.
When the token launches, they will airdrop SPS tokens to all gamers holding cards or land NFTs. In addition they will launch a liquidity pool on PancakeSwap, running on Binance Smart Chain. Here users can trade SPS against BNB, while Splinterlands will also launch a trading pool on the Hive blockchain for SPS against HIVE.
On the official Splinterlands website, players will get an SPS Management page. Here they can see and view their tokens across a variety of blockchains. From this page, users can also stake their SPS tokens, obviously generating extra value as well.
On Tuesday the Splinterlands team will do the first airdrop for the SPS token to all gamers in the Splinterlands ecosystem. Everybody who holds DEC tokens, card NFTs and/or land NFTs will get a share of the daily SPS drop. This drop will happen every day for 365 days, and every day they will make a snapshot. This assures that users who acquire more assets, earn more rewards as well. More details about the airdrop in the official announcement post.
About the Splintershards token
Splintershards (SPS) has been designed to reward long-term asset holders and supporters of Splinterlands, which has been running for three years already. The token will start distribution in July, and distribution will last for 5 years and 5 months. The token will exist on the Binance Smart Chain, and holding the token will give players voting rights on certain governance decisions within the Splinterlands project.
It will take a while before Splintershards have been fully integrated into Splinterlands. The developers expect this to be finalized by the end of the year. Until that time, users can trade, stake, and earn tokens through DeFi mechanics on the Binance Smart Chain. Details about the SPS tokenomics can be found in this post.
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 and on Wax.
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 rarest cards are wanted assets, especially when there are tournaments.