Splinterlands: SPS Utility and Implications

The evolution and development of the SPS Whitepaper and the ecosystem behind it is well into a continual expansion mode. While the team and the community have needed to adapt as features and events were deployed, the main goal in the early phases of the projects are ongoing. I still feel that the goal now is to distribute the governance token as utility continues to be built into the ecosystem. We recently got some confirmation of the next major utility to be deployed in SPS staking for rewards.

I have to admit that I forgot about these details on the Whitepaper. The community was mostly up in arms when the news was released on a Town Hall but as time continued, the community got a better understanding of the purpose of this change and the way it would actually work. When starting, most of the community was worried about how high the thresholds looked in some of the higher leagues. Some actually thought that since this was the new process replacing Collection Power (CP), it was a requirement to play in the higher leagues. However, that was quickly clarified that now anyone can play at any league no matter their CP or SPS status as long as their Collection or Rentals get them there.

This focus on getting SPS staked to adjust SPS rewards will be an interesting addition to the SPS utility as there will be a number of opportunities on both side of the coin. Those with excess amounts will not only be able to play and benefit to their max reward potential, but can also chose to delegate and rent SPS to gain more income similar to what cards rentals have done to some in the past. While the dynamics are still somewhat uncertain as the supply and demand curves are still in flux, it is truly a work of genius around the construction of the ecosystem which keeps the SPS token tied to the future of all dynamics of the ecosystem.

Given the challenges in the market we are experiencing, I think things can continue to get worst before it gets better. However, I believe that is normal as the demand and supply economics work their way through the tokenomics of the project. DEC and the commencement of the “flywheel” may be the key catalyst in all of this and the activities around the token as of late have been encouraging and seem to be going in the right direction. While I do not think Land will be what gets us to the other side as it just adds the need to find more demand (given the new upcoming resources), it will at least provide us something new to engage with in the ecosystem once released.

The depths of weak markets are often the foundations of strong rebounds so this is not a time to really be concerned. I think the current conditions are actually opportunities to level set for the community and prepare for what is to be a great innovative experiment in the Web3 space. It has been five years in the making and it seems that things are just getting started despite these challenges. The question is when the switch between surviving and thriving will occur but I am encouraged given that I continue to enjoy with engagement in the ecosystem. No reason to stop now!

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