The entire crypto market was these days in full bleeding mode and Splinterlands governance token was pulled down with it reaching a new All Time Low. As Splintershards (SPS) fall down as low as $0.0203, the sentiment surrounding this once top blockchain game is starting to erode the trust of existing and also any potential investors. Don't get me wrong, the game is evolving, things are moving forward at a good pace, but as a play2earn crypto game it needs much more than that.

Tokenomics

The tokenomics are playing a major role in the scheme of blockchain games as some players have joined just for that premise, thus not nurturing to it will shrink the user base and potentially result in a fading project. I am a player in Splinterlands since its inception and I've always appreciated the equilibrium from here until the Chaos Legion 15 Million packs thrown on the market and the 3 Billion SPS supply. These moves and decisions taken while we were in bull market, simply broken the entire tokenomics for SPS, packs and cards NFTs and also DEC, the game stablecoin that unpegged itself from 1000 DEC:$1 drastically. While some effort was done to repeg the DEC, which still isn't there yet, the other assets prices went down the drain. And with them this ecosystem is becoming less and less appealing to new crypto enthusiasts.

Market reflection

The game founders recognized during one of the Splinterlands AMA, that they made a mistake by sizing assets supply while being or thinking of a bull market, but rather dimension those as for the bear market. While I agree with this realization, I am yet to see through future actions if the Splinterlands team learned from their mistakes or if the history will repeat itself. I surely hope they will not act as in previous instance, but I must say that my confidence is not that high about them making the right decision in the future. But that's something we all shall need to wait and see.

The foundation of Splinterlands in terms of technology, gameplay and engagement is as strong as it can be. But that's just not enough for this to make the game become what once was and also retain the current main development team long term. What has been done until now is history and only the future will tell and show us the true path on which we are embarking.

Come and join the amazing world from the Splinterlands!

Posted Using LeoFinance Alpha