summary: Splinterlands (Founded in 2018) is a Decentralized, Non-Fungible Token card trading and gaming platform built on Blockchain...
content: Splinterlands (Founded in 2018) is a Decentralized, Non-Fungible Token (NFT) card trading and gaming platform built on Blockchain technology. It is similar in concept to games like Magic: The Gathering and Hearthstone where users build up a collection of cards, which all have various different stats and abilities, and use them battle other players in skill-based matches. By using Blockchain technology, players can have their own digital cards, and can trade and sell them freely just as if they were physical cards, without the control of any centralized company, or entity, and all tranactions are recorded publicly and Immutably. On June 1st 2020, Splinterlands switched to the Hive (blockchain) a decentralized, censorship-resistant blockchain. Company The company was founded about four years ago by two independent individuals who go by the names of @aggroed and @yapabmatt on Hive. Currently located in 827 Parkridge Ave nue Media, Pennsylvania, 19063, United States, it offers Blockchain services and currently employs six full-time distributed staffers and about 15 people total, including part-time and contract workers. The company Splinterlands has raised a total of $3.6M in funding over 3 rounds. Their latest funding was raised on Jul 27, 2021 from a Initial Coin Offering round. Splinterlands is funded by 13 investors. Animoca Brands and TechMeetsTrader are the most recent investors. It is one of the biggest business success stories in the Cryptocurrency industry and also very successful by the standards of the online gaming industry as a whole. Overview Co-CEOs Rosen and Jesse Reich launched the game in 2018 under the name Steem Monsters, Splinterlands is a Blockchain-based card game, where the trading cards are non-fungible tokens that allow players to own, trade, and earn their in-game assets. With more than 100,000 registered users (25k of which are paying/premium accounts), the ecosystem ensures higher recognition and interest from the gamer community. !fetched-img-9be4e49eeceeb000jpg.jpeg Splinterlands users, to date, have competed in more than 60 million total matches and are creating 600k Blockchain transactions every day, making it one of the most active dApps in the world. The company has awarded millions of dollars in Crypto and NFT to its players in 142 countries. Splinterlands addresses the problem that most digital card games do not allow players to trade or sell their in-game assets to other players. On top of that, its solutions enhance the future of player-owned economies by launching games on the public Hive Blockchain and offering its in-game assets as NFTs. This also means that users’ cards hold real value, which has the potential to skyrocket according to rarity and market demand. Splinterlands runs on a different blockchain which uses a Dlegated proof of stake consensus system that allows it to handle significantly ,morwe transactions than the Ethereum blokchain, and all with zero transaction fees. In the last weeks, it was the eighth-most popular dapp by number of users, according to DappRadar. Splinterlands says it has 150,000 users in total. When players join Splinterlands, they essentially compete for a limited reward pool of Dark Energy Crystals (DEC) — the in-game cryptocurrency — as well as scarce NFTs. Splinterlands has built a strong following since early 2020, around the time Cointelegraph first analyzed the tit le as part of its crypto games review. Splinterlands’ use of NFTs was considered fairly unique at the time. In the year-and-a-half since, Non-Fungible Token (NFT) have reached mainstream status, with sales topping $2.5 billion between January and June of this year. Advantages of Splinterlands It’s relatively cheap to get started with only a $10 entry fee, and you get a free Steem account for that if you don’t already have one. Users can put together at least one fairly good deck for around $20–30 that should get you up into the silver leagues relatively soon. The front ends are very user-friendly, not too busy, and very easy to navigate and use. It’s supported by a broad, supportive community on Discord and the Steem (blockchain) — there’s lots of card giveaway competitions, for example. It seems like a great investment — many of the cards have doubled in value over the past few months. here’s a seamless integration via Keychain with the Steem (blockchain) which makes cards very easy to trade. The Lore and artwork surrounding the splinters and the cards are also great. The mechanics of Splinterlands Splinterlands is a skill-based one on one fighting game. The player matches with an opponent of a similar ranking. These players will be provided with a randomly chosen set of battle parameters. Both players will then have a limited amount of time to create a deck of cards. Once each player has chosen their deck, the battle will start and play automatically according to the predefined game rules. The game can end in either a win or a draw. Blockchain technology and NFT are the future of gaming, allowing players to trade, sell their assets and properties within the game itself. In these games, the players own the NFTs. Splinterlands allows you to buy a wide variety of things within the game universe, such as cards, potions, lands, dice, even skins for customization. Each of these items have a role in the gameplay, and can be bought, sold, and even rented to other players. The cards are compatible with third-party market platforms such as Open Sea, PeakMonsters, Monster Market among others. Players can also earn rewards in tournaments, matches and missions. In this game, there is always a chance to win, regardless of the player’s experience, skill level, or card collection size. In addition, Splinterlands makes getting involved with Cryptocurrency simple because when registering on the website a Hive wallet is automatically generated for the user to store the coins. The Splintershards (SPS) Token In May, Splinterlands announced the launch of its own governance token called Splintershards or SPS. Splintershards (SPS) is a new cryptocurrency governance token which will be integrated into the Splinterlands game in order to provide increasing levels of decision-making ability and control over the product to the player-base, asset owners, and other stakeholders. The Splinterland’s team explains that the token is part of their plans to give their players ownership of the game. Ownership of SPS will make players the members of a Decentralized autonomous organization (DAO). Token Distribution The SPS token distribution is scheduled to begin this month, and its distribution will last for 5 years and 5 months. The token will exist on the Binance Smart Chain (BSC), and it will give players voting rights over certain governance decisions within Splinterlands. In total there will be 3,000,000,000 SPS tokens, of which 400,000,000 SPS will go to current players and collectors. These 400 million tokens will be sent daily to players over a period of one year. This token will also be used as a reward in the game itself and can be earned through battles, tournaments, guild fights and more. The primary goal of the token is to reward Splinterlands players and asset holders, which is why 13.33% of the total token supply is going towards an airdrop which will be conducted over a 12 month period to holders of nearly all types of Splinterlands assets. For more information on the airdrop, please see the Airdrop section of this document. Next, 10% of the total token supply will be added into a foundation which will be controlled exclusively by the DAO. 50,000,000 of the foundation tokens will be issued on day one and the remainder will be released in even increments over the remaining 64 months. This means that SPS token holders will be able to submit proposals and vote on how/if those funds should be used. For more information please see the Foundation / DAO Funds section of this document. 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. 9% of the total token supply will be reserved for the Splinterlands team. 50,000,000 of these tokens will be issued on day one and the remainder will be released in even increments over the remaining 64 months. Splinterlands will use this pool to help incentivize and retain our valuable team members and partner organizations. 1% of the token supply will be reserved for partners and advisors to the project who will work with the SPS token team and assist and/or provide advice on all areas of the project as well as help to market and promote the project. These tokens will be unlocked in 12 monthly increments starting one year from the launch of the SPS token. Finally, the remaining 60% of the total token supply will go towards rewarding players, SPS holders, liquidity providers, and oracles. These tokens will be released on a fixed schedule over the 65 month period and go into separate pools for the various different areas to be rewarded. Please see the "Play to Earn & Reward Pools" section of this document for the full distribution schedule and breakdown of these rewards. Airdrop 400M SPS tokens, or 13.33% of the total token supply, will be airdropped to players based u