These Next Three Months Will Be Telling For Splinterlands

Splinterlands Is a NFT $HIVE blockchain game. It heavily pushes the play trade and earn aspect of things but the overall features of it are a deck building card battling game vs other players to rank up the leaderboard and claim prices.

These prices range from reward points (Merits), NFT cards and SPS the Splinterlands governance token.

*I am a current investor in Splinterlands and have supported the project since Alpha now 5 years ago. This article is for entertainment purposes only and is not financial advice.

A Quick History

If you don't know the history of Splinterlands here's a quick recap. It was started a little over 5 years ago before NFT games and p2e was even really a thing. If anything I feel it was one of the very first games to do this and it did it rather well. Buying decks and assets always increased in value while maybe not by a ton they still held value and slowly grew.

The game did well with its few hundred players. It was enjoyable, locking in rewards and I would say for the most part the people playing were more in it for the game then over actully making anything from it.

It started out with the name Steem Monsters when it ran on the Steem blockchain but after the aggressive take over and pure evil take over by Justin Sun.

After that point it moved on the the Hive blockchain and became Splinterlands.

From there it had one of the most successful growth spurts ever coming up close to the likes of Axie and helps Hive reach a price of $3 a token and SPS valued at over $0.50 each.

From there the company expanded in the bull market taking on project after project. Building Genesis League Sports and talking about a bunch of partnerships. However still to this day we really don't have a game for GLG (Genesis League Goals) and GLX which is the governance token for GLS has tanked to nearly nothing.

There was also a very heavy talk about and promise of land coming to Splinterlands. But still to this day no land.

There was also another game that should have been launched a tower defense game which you could use your Splinterlands assets for. Still to this day we don't see that.

So what bothers me about all of this is just how much money was gone through and honestly wasted. While it also feels like NONE of that value was returned back into the game to help support at least the governance token price SPS.

To me these next three months the company needs to start showing promise back towards increasing values and delivering without stupid over spending. It really dumbfounds me at moments how much money was wasted during the bull market and then a year and a half after the bull market before any real action was taken place.

Why These Next Three Months Matter

To me these next three months are going to matter the most to see what releases, how the community likes it more importantly I feel is how values are returned BACK to at least the governance tokens.

We are starting to see this shape up at the moment. While yes layoffs suck they are required of any business. Just like everything it all goes through cycles. But I don't really fell bad for anyone. I've been laid off twice in my 20 years of working and I'm pretty sure almost everyone has been laid off in their life. It seems rather common place anymore and is also a primary reason I've been working for myself.

The two for sure things I want to see happy by December 31st 2023 are the following.

1. The release of land at least 1.5 but I'd love to see 2.0 with more resources
2. Taking partial sales and putting it back into the value of in game assets and tokens like the SPS governance token

Those two things are what I want to see before anything else. But we are already seeing yet more cards to hit the market which once again is just going to crash current asset prices but it is what it is for now.

Rebellion is coming! And with it around 96 new cards. The presale is about to kick off for 500,000 packs which if all sold with vouchers would mean 2 million dollars would be created. of that 2 million the Splinterlands company would get half and the DAO would get half as long as the new proposal passes.

Now I don't think this will increase the price of SPS and assets because the DAO is more of a piggy bank in which other vote (SPS Governance token holders)

Then after that the main sale will take place of which I personally expect at least 2 million packs to sell which would be 8 million at least in total sales value of which the company would get 4 million and the DAO would get 4 million. That amount of sales would let Splinterlands continue to operate for the rest of the year normally with the current staff at least that's what I'm hearing. (Again still blows my mind how they flew through that much money.

But that aside I'm curious to see what returning some of the sales value back INTO The game instead of a constant extract will fuel the future of the game.

With land there is a massive potential for the company to earn money as well and maybe even the DAO. A small fee is collected from swaps, burns and trades within lands which should end up generating I would think a sizeable value which should increase the price of everything.

What I expect over these next three months are going to be asset value growth as we roll into 2024 instead of declining values this goes for both cards and SPS and see what the heck this so called "fly wheel" finally does when DEC returns to peg which we should see soon.

Land to be released at least to some workable level.

These 79 days are going to be very pressing for the company normally in a time when companies see many vacation days etc taken for family around the holidays. You could pretty much take those 79 days and trim it all the way down to roughly 50 after holidays and vacation days. So there's not much "work" room for the company to get these things in place.

I also want to say I believe in the company and the new vision we are finally starting to see come to light again with the recent changes. I can understand why many are upset and in a way I'm upset as well as I feel it was total mismanagement of funds. But we are now past that and hopefully on to better things.

If anything now might be a great time to get involved or to step up your own game. Prices are crazy low at the moment $SPS is just a little over a penny and card assets are selling for near lows while the DEC peg of $0.001 is getting much closer.

Posted Using InLeo Alpha