RE: Splinterlands Updates - October, 2021
(Edited)
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I'm curious how pancake swap company got the 620k SPS?
- Did they buy it?
- Did they have some left over from initial deal with them?
- Did someone at Splinterlands gift them the tokens from their own pocket?
- Did this come from some sort of inflation mechanism?
*If the last option I think we'd love to hear why you think it's a good use of funds for a 60 day period to increase an already large pool by just a bit more when there was already an incentive in place and thus this is only an increase incentive. Maybe it's worth it and i'd love to hear the thought. It's a $500k USD cost... seems like you could get Bittrex/Binance maybe coinbase listing for a bit more than this 60 day perk.
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Exactly... I was hoping a large chunk would be bought up last night but instead just people selling sps for secondary market stuff it seems.
According to the sps token distribution, 6.66% will be offered directly in a private sale to a select group of advisors and influencers who will help promote both the token and the Splinterlands product to their audiences and networks and generally help ensure that the project is successful. Tokens purchased as part of the private sale will be subject to a vesting period with 10% of the tokens vesting and becoming liquid every month for a total of 10 months. All proceeds from the sale will go towards the development, promotion, and ongoing maintenance of the SPS token and ecosystem.