What Is Splinterlands?
Splinterlands is a multiplayer collectible trading card game built on a Web3 platform. It features two tokens, SPS and DEC. SPS acts as a governance token offering potential bonus rewards to holders, while DEC is the in-game currency that can be accumulated by playing the game.
Background
The game’s narrative revolves around the Splinterlands, a world in which the Wizards’ Council have been around for nearly a millennium. The Council came from Splintershards (SPS), a previously unknown type of rock spread throughout the Splinterlands. These shards, when combined, can alter the world of the Splinterlands. Now that this secret is out, Splinterlanders are racing to harvest as many Splintershards as possible to harness their immense power.
How It Works
The SPS token and all related tokens and smart contracts form a Decentralized Autonomous Organization (DAO). All decisions relating to the token and associated assets or contracts are decided via votes of all staked SPS token holders.
The SPS Foundation, a Singapore-based non-profit entity, currently holds all DAO funds. It operates and manages SPS-related smart contracts on external blockchain platforms and secures all DAO funds.
The DAO funds, which include proceeds from the SPS private token sale, token emissions, and product sales, can be used by the staked SPS token holders in various ways, such as providing liquidity, paying for services, funding third-party development, staking, and investing.
Key Takeaways
- Splinterlands is a collectible trading card game that uses two tokens: SPS for governance and potential bonus rewards and DEC as in-game currency.
- The game reveals that the power of the Wizards came from Splintershards (SPS), a type of rock scattered throughout the Splinterlands that, when combined, can alter the world.
- The SPS token and related tokens form a Decentralized Autonomous Organization (DAO), with all decisions made by voting among staked SPS token holders.
- The SPS Foundation, a non-profit entity based in Singapore, manages SPS-related smart contracts and holds all of the DAO funds.
- The DAO funds, which include proceeds from the SPS private token sale, token emissions, and product sales, can be used by staked SPS token holders for various purposes, including providing liquidity, paying for services, funding third-party development, staking, and investing.
