We recently had good news at Splinterlands, which was the arrival of the Escalation mini-set and the pre-sale of the packs is happening, and I recently saw that more than 25% of the quantity available has already been sold. As much as a faster sale could have been expected, it is worth remembering that we are in a complicated moment in the crypto market, facing large losses in the main cryptos that end up removing liquidity from the market in general, thus affecting the liquidity that would come to NFT games. So sales have been relatively good under these circumstances.
However, some surprising news was that Splinterlands' governance token, SPS, will be delisted from MEXC, which could have consequences for the token, but it is precisely at these times that the community should look for new alternatives to brokers that often charge for listing, which would be LIQUIDITY CHEST! Come and learn more about this solution for SPS liquidity, which will encourage players to add liquidity and will not affect the game's economy!
I'll be much appreaciated if you Votes, Reblogs or give any Tips. Thanks and have good reading! 🍀
SPS Deleted from MEXC
Initially, it is worth mentioning that these token listing and delisting movements are normal for exchanges, recently Binance delisted several crypto pairs with BTC from the broker. This choice to delist the tokens usually comes due to the low liquidity of transactions, since as brokers earn through swap fees, if the tokens are not being traded at a high volume, they fail to compensate and given the current low BTC scenario, it is quite possible that this is the reason for the delistings, or at least part of them.
In the case of MEXC, if you go to the website you will no longer find the SPS token on the broker's spot market and on coingecko you will find a notice next to it notifying anyone that there is something out of the normal. Therefore, it is important for anyone who has tokens at the broker to act quickly and withdraw while possible, remembering that in the case of SPS, those who leave it staked within the game earn an APR that is paid in SPS/Vouchers, currently at 7.35% APR, also increasing the glint and sps bonus received in matches.
An interesting curiosity that can be analyzed by the community and the SPS DAO is that the majority of the SPS transaction volume does not occur on Centralized Exchanges, but on DEXs. PancakeSwap is leading with 44% of the volume with a total of $22K in the last 24 hours. Those interested in the issue of token liquidity should observe this and try to improve this point…
Solution for SPS Liquidity!
In times of difficulty, opportunities arise. Splinterlands had a system of reward pools, which paid a bonus, in addition to the fees collected, to anyone who provided liquidity for the tokens. In the past there was a wide variety of tokens, but over time the bonuses ended and currently there is only the Voucher-Swap.Hive pool in the reward pools. Meanwhile, the other pools are often receiving liquidity from the SPS DAO itself and not from players and this could be a big problem and a potential solution point.
Observing what another web3 game has done regarding its liquidity pool management, I believe that the same can be implemented in Splinterlands, as a solution to the Liquidity issue. The best way to get players to decide to provide liquidity will continue to be through rewards. The difference is precisely what reward will be given. Instead of paying in tokens, as was done previously, I believe it would be interesting to do the same as this other game and create a chest with items that don't cause problems for the game's economy, such as glint, cosmetics and perhaps some draws.
My suggestion to increase the liquidity of the SPS would be to create a Liquidity Chest that would have different tiers, being distributed daily to all users who were providing liquidity in one of the liquidity pools. There would be a Ranking of those who provide more liquidity to those who provide less, with the improved rewards being for those who will receive a Liquidity Chest Ultimate, then a Liquidity Chest Major and finally a Liquidity Chest Minor. I believe that several players would be willing to contribute a little to earn an extra reward.
