Splinterlands Major Updates Towards Decentralization

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Splinterlands Major Updates Towards Decentralization

Splinterlands has been a wild ride for me personally in a good way. I started with the game back in Alpha days and what I would consider at the time a sizeable investment by me in Beta were I maxed out my deck plus bought into the kickstarter where I got to make my own summoner who is called Valnamor. Since then I will admit I wasn't as heavily focused in the game. I occasionally still played and I even bought up some lands. Since then I've been playing daily and for good reason. I love the game but also when it starts to moon shot from a $10,000 investment to over $300,000 in value it kind of lights a fire under you *** if you get what I mean.

The Move Towards Decentralization

Splinterlands introduced in a governance token last year called SPS (Splintershards) with it came a lot of bonuses and many which we haven't even seen come to light just yet. For me this is a long term hold and play as I believe in the game and where it's heading. It's mainly because of the proven track record by the company now going on what I believe is 4 years strong. Compare that to other play2earn games and you can see how rather rock solid Splinterlands is.

SPS (Splintershard Governance Token)

SPS Governance token currently gives you the ability to earn vouchers which are required for many aspects of the game when buying in new assets early. It's a great way to rewards those who are holding the SPS governance token and providing value to them.

With the news of Splinterlands validator nodes it will require not only SPS but vouchers in order to buy a "License" via the presale. This License allows anyone to earn by running a node. Since a DPoS system would only have a few validators earning the SPS rewards such as hive in the top 20 witnesses this License system is aimed to still reward those running a node with some type of rewards.

License and Validators

The License will also provide value back into the game in the form of 80% of the SPS earned and 100% of the voucher tokens spent to buy these nodes will be burned. The other 20% of SPS tokens from this will be put into the SPS foundation as an incentive system for the SPS reaches the 3 billion cap in about 5 years. (Again long term play here)

These validator nodes will also act on a DPoS system which stands for Delegated proof of stake which is the same method we see here on the Hive blockchain. With your staked tokens you are able to cast your vote for who should be a validator.

Also from what I am seeing these nodes will not only earn SPS but it also seems like they will earn vouchers as well. On top of that there could be other rewards in the future. With a max of just 60,000 to be sold it does paint a picture of what is possible for running one of these nodes by picking up one or more of the validator nodes. I know I'll be grabbing up at least one at the start of the prelaunch sale.

The pricing of these Licenses comes in at the following
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The Splinterlands team is a major force on HIVE and the crypto sphere

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Totally agree they have been one of the very few developers to actully bring value to hive.

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I'm way more excited about this than I expected to be. I need to write a post about it to parse my thoughts but at first glance, this looks like it might be enough to respark the economy by themselves. Absolutely huge.

I'm curious what you think about the vouchers use for later tranches. If we ever get to tranche 7 vouchers could have a floor put in around $40. That would be very interesting if there was any kid of a release that required their use around that time.

I'm guessing the second pool is to take some pressure off the voucher price if we get that high.

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While in theory that would be turn in a world where vouchers were only used for these nodes and the nodes where in high enough demand then sure I could see it at that point. I don't see us getting back #2 though honestly. That would however still put a voucher at $5 but then again they are used for packs which are just $4 at the moment. That of course changes again with the introduction of "dice" style packs which can only be bought with SPS and most likely vouchers I would put us at around $4-$5 range on vouchers. I honestly only see SPS and Vouchers moving up in price over the next three quarters so that puts us early 2023 when land launches.

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I'm remembering the launch of vouchers when they got up to $20 to buy $4 packs. People can be very irrational.

I still have a lot of math I need to do on it but those upper tiers do seem a little lofty. Especially with a 5ish year cutoff on SPS. If all 60k sold out it would take 80 months to recoup the SPS investment as everyone would be getting just 56 SPS per month.

Even if Vouchers cut it in half and you pretended vouchers didn't have a cost, it would still be 40 months and I'm assuming there's no way they sell out fast enough to make that worth it.

I don't know. It's going to be interesting. And I hope you're right on land. It doesn't seem like they have any idea what they want it to be yet. It was on the last roadmap to "fully launch" in 2021 and it doesn't feel like we're any closer today.

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I think it's one of those long term early investment things and having one couldn't hurt. It does seem a bit of a risky investment though compared to just stacking more SPS

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I'm going to grab one of them. Haven't yet determined if its better to get in on the presale or just wait until tranche 1 though. I'm leaning toward tranche 1.

SPS will probably trend upward for a while and then spike when the excitement really gets going which is probably the time to grab one. Plus I can use the hive I save on buying vouchers right now to trade and make more hive throughout the rest of 2022. And I can stake this SPS and build there too.

Yeah, I just made up my mind. Tranche 1.

!LOLZ

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Yep, that's kind of where I am at in terms with it all. I feel SPS value is only going to increase so forking over $1,000 or even $1,500 worth of it as soon as it goes on sale would have a very real potential of a negative impact compared to if I wait and SPS doubles or triples in price.

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