May 27th, 2021
In an announcement that was highly anticipated by the Splinterlands community and the wider community of blockchain gamers, Splinterlands unveiled plans today for the upcoming release of a new governance token called Splintershards (SPS). Designed to reward long-term asset holders and supporters of Splinterlands (in operation for the past 3 years), the new token will be gradually distributed starting in July of this year and for the following 65 months, until the entire supply has been distributed.
Binance Smart Chain
The SPS token will be set up as a Decentralized Autonomous Organization (DAO) on the Binance Smart Chain, selected for several reasons ranging from its current popularity level to the comparatively small fees to the more mainstream Ethereum blockchain. This DAO will grant holders of SPS certain abilities and powers to influence the governance of the Splinterlands project in several ways as the ecosystem continues to grow.
Distribution of the total of 3,000,000,000 SPS tokens will be broken down into several categories, details of which can be found at THIS LINK. The most notable of these distributions for current players and collectors is the 13.33% of the total supply (400,000,000 SPS) that will be airdropped to Splinterlands asset holders in the first year following the release. Players will receive airdropped SPS tokens each day according to a point system that values their current Splinterlands holdings (cards, packs, land, Dark Energy Crystals, etc.) at various point levels.
In the third quarter of 2021, liquidity pools for SPS will go live on Binance Smart Chain, with incentives for holders to provide liquidity. Over the entire 65 months of token distribution, a total of 900,000,000 SPS tokens will be designated at “staking, LP and Oracle” rewards (30% of the total supply).
SPS tokens will gradually be added into various aspects of the Splinterlands game, including staking to increase reward potential, rewards for battles, tournaments, guild brawls and more. And because Splintershards will be DAO, details of all incentives are subject to change based on popular vote of stakeholders.
The SPS is planned to be fully implemented into Splinterlands by the end of this year, coinciding with the release of the land expansion. The airdrop is scheduled to begin in July and the majority of SPS features will be released in quarter 3 of 2021. You’ll find a complete release schedule HERE and all details on the SPS DOCUMENTATION PAGE.
Splinterlands is a popular blockchain trading card game in which players own NFT trading cards and battle them against one another for various types of rewards. It began in 2018 on the Steem blockchain where fast and free transactions allowed it to become the first and most active blockchain games of its kind. In early 2020, the game migrated to the Hive blockchain, where it has continued delivering consistent growth and value to its thousands of players as one of the most rewarding experiences in play-to-earn gaming.
This press release was written by Chris Roberts, Splinterlands Director of Content. Feel free to use these words and share to the media outlet, publisher or platform of your choice.