Gamers can now stake their SPS governance tokens for Splinterlands on a special staking dashboard on the official website. All gamers owning cards or land NFTs for the trading card game, will receive SPS tokens on a daily basis.
Splinterlands distributes SPS tokens on a daily basis through the staking platform. They distribute these tokens based on the weight of user NFT holdings. Right now users can expect approximately 500% interest on their staked tokens. However, the APY will drop as more players join the staking pool.
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) rewards 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.
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 content manager and creator at heart, started the Play to Earn Online Magazine in early 2020.