What Is Splintershards (SPS)?
SPS is the governance token of Splintershards, which is an NFT-based card game. The Splintershards crypto project was inspired by classical collectible card games such as Yu-Gi-Oh or Pokémon. The Splintershards price graph above displays the live SPS price, so, don't forget to check it out.
The SPS token is based on the Binance Smart Chain. The game itself, on the other hand, is based on the Hive blockchain. This means that all game actions take place on Hive, while everything related to SPS tokens takes place on BSC. Besides, the Splintershards game is permissionless. All it takes to join the game is to have a Hive blockchain address.
The blockchains communicate with each other through the help of oracles, which are chosen by SPS holders. The job of the oracles is to communicate important info about the game from the Hive blockchain to the BSC network. Oracles are rewarded in SPS tokens for their work.
The Founders of Splintershards
The Splintershards crypto project was launched in 2018 by Jesse Reich and Matthew Rosen.
Jesse Reich is the CEO of Splintershards. He has a degree in chemistry. Prior to co-founding Splintershards, he had nothing to do with the gaming industry. He worked as a chemistry professor at the Massachusetts Maritime Academy and as a scientist in such companies as Sapling Learning, Macmillan New Ventures, and Macmillan Learning.
Matthew Rosen is the CPO of Splintershards. He has a degree in mathematics and computer science. Before founding Splintershards, Rosen was a software engineer and developer at such companies as Orbius, Ryzing, and RockYou. The latter is a company that focuses on developing reward-based games. Besides that, he was a director of digital product development at OTG Management.
How Does the Splintershards Game Work?
Essentially, Splintershards is a digital card game that allows players to collect cards and use them to battle other players. Each card is a unique NFT that can be bought, sold, or traded. These cards can be leveled up and enhanced with booster packs.
There are two types of battles on Splintershards – practice and ranked. Practice battles, as the name suggests, are made for beginners. Ranked battles, on the other hand, are for more advanced players. These battles allow them to increase their ranks and battle with other players of a similar strength level.
Users can play the game for free. However, to unlock the full version of the game, they have to buy the summoner’s spellbook. The book provides users with the ability to earn Dark Energy Crystals (DEC).
DEC is another token in the game. It can be earned in ranked battles or by converting unused Splintershards cards. It’s mainly used for making in-game purchases. Though it can also be traded for other tokens on various exchanges.
Use Cases of SPS Tokens
Primarily, SPS tokens are used for the governance of the game. Splintershards is governed in the principle of a decentralized autonomous organization (DAO). SPS provides players with a chance to vote on various decisions considering the future development of the game. Besides, the tokens also allow holders to suggest changes that they think should be made but are not suggested yet.
Additionally, SPS tokens can be used as reward tokens for oracles, staking, or other in-game rewards.
Again, make sure to check the Splintershards price chart (placed above) to see the current and the previous SPS price.
Tokenomics of SPS
The max supply of Splintershards coins is 3 billion. 6.6% of the total supply was dedicated to the private SPS sale that ended up raising $3.6 million. In terms of further token distribution, 60% were dedicated to various rewards including staking, P2E, and oracle rewards. The remaining portion was dedicated to airdrops, the DAO, the team, and the advisors.
If you've decided to invest in SPS tokens, always keep in mind that the Splintershards price is prone to fluctuation. Why? In essence, it fluctuates because the volatility of the crypto market tends to affect the prices of almost all crypto assets, including the SPS price.