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Splinterlands: What is the SPS Token?

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SPS is the exchange symbol for Splintershards

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  • It is a is a new cryptocurrency governance token.
  • It’s smart Contracts is hosted on Binance Smart Chain
  • 0x1633b7157e7638C4d6593436111Bf125Ee74703F
  • It is a BEP-20 token.
  • It is traded on PanCakeSwap and Hive-Engine
  • It is a integrated into the Splinterlands game to buy Monster Packs.
  • The airdrop is scheduled to last 365 days.
  • Each day tokens will be airdropped to token holders on the Hive blockchain, Hive-Engine sidechain, Etheteum blockchain, Binance Smart Chain, Wax blockchain and Tron blockchain.

  • The amount of tokens airdropped to depends on how many of the multiple types of Splinterlands assets you own.
  • This chart created and published in the original Splinterlands posts lists the type of assets which earn you SPS tokens.

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  • The airdrop of the SPS tokens is scheduled to last for about 365 days from the first day on or around July 27, 2021.
  • A massive amount, 400 million tokens, will be airdropped to players.
  • The rest will be distributed as follows:

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-SPS can be staked here for a 50% APR yielding SPS tokens.

This is called the SPS management page where you can:

  • Stake SPS
  • Unstake SPS
  • Transfer SPS to Ethereum, Binance Smart Chain and Hive-Engine
  • Transfer SPS from Ethereum, Binance Smart Chain and Hive-Engine.

All from this one page. This is a very useful function which allows you to move SPS across three Blockchains, a truly cross blockchain trading tool, which is an impressive coding achievement.

DAO

  • It is the governance token for the future Splinterlands DAO D decentralized A autonomous O organization.
  • Eventually it will provide voting ability, decision-making ability and control over the product to the player-base, asset owners, and other stakeholders" of the Splinterlands game and its developing ecosystem.

Summary

SPS or SplinterShards token is a BEP-20 or Binance smart chain cryptocurrency token which is the governance token of the Splinterlands DAO or decentralized autonomous organization. It currently can be used to buy Splinterlands assets like Monster cards, it can be staked on the SPS management page for a 50% APR, and it is being air dropped to owners with Splinterlands ecosystem assets on several Blockchains including Hive, Wax, Ethereum and Tron. It is a cryptocurrency investment with short term benefits of staking rewards and longterm appreciation or increase in token price, as the Splinterlands ecosystem becomes more highly valued over time. I think it’s a great investment opportunity for people on Hive, Ethereum, Wax and Tron Blockchains.

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