Splinterlands — The SPS dimensions on influence and revenue streams
The Splintershards (SPS) governance tokens slowly starts to shine in the Splinterlands real as a true gem that it is. Not only that it is a governance instrument enabling holders to influence decisions in the game through DAO voting, but now we see more and more use cases and revenue streams that enable and encourage players to invest in SPS and participate to a vivid economy built around it. The new use cases embedded in the DNA of Splintershards along with positive crypto market, even pushed the SPS token price quite a bit these days to $0.0238 from few weeks previous low of under $0.016. That alone for those daring and able to read between the lines and invest, would have translated into a 67% gain. That’s quite decent and I believe things can only improve from here.
Now getting back to the Splintershards SPS dimension within the game, I am glad that these increased and succeeded to capture and store value as a condition to proportionally earn within this ecosystem. So let’s see them on by one and detail a bit each of them.
DAO Voting
Splintershards is the governance token of Splinterlands and enables players to participate in the DAO voting within the blockchain game shaping the use of the Treasury funds and part of the game future path. By holding SPS tokens and staking them, you basically get to influence the governance of the game, participate in proposals voting to improve or add new features and use cases which ultimately ensures consensus and transparency amongst the investors.
SPS Staking
Who doesn’t like totally passive earnings? Well, in Splinterlands, that is possible through Splintershards staking which now provides around 16.68% APR. The return decreases a bit as SPS became a requirement for rewards and thus there is a lot of it staked to maximize earnings. But that is also good as it means not a lot of SPS should reach the markets, which can only improve the price long term.
Ranked Battle Rewards linked to Staked SPS
The latest implementation and requirement of getting ranked battle rewards based on the staked SPS, was a gamechanger of its own. This truly justified why SPS is a store of value within the game and why it is a gem that any player participating in the game should and need to have. With this in place I believe that the market will see some bumps, when new players will start coming in masses in the context of a confirmed bull run. We need some patience on this, but this is the mechanism that will strengthen SPS the most in my opinion.
SPS Trading & LP
At last the SPS Trading and the possibility to be a Liquidity Provider on Hive or other blockchains pairing SPS, can offer good and passive returns on the long run. And these markets that are made will offer the perfect places when the price moons and some of the investors and players want to take some profits from the additional and not used SPS tokens.
With these dimensions which are constantly expanding providing more influence and revenue streams to the players, I believe that the SPS price is doomed to increase. It will not happen over night, but the right mechanics are put in place for that too happen. What do I need more in order to bump that? Well, as any crypto asset we need for the market to get some wind beneath its wings and we should see also the Splintershards jump the board. Until that happens, we can only build up, earn more, stake more and prepare for it. Cause it will happen!
Come and join the amazing world from the Splinterlands!
Posted Using LeoFinance Alpha