What is Splinterlands: A Promising Strategic NFT Game for Web 3.0
Splinterlands is a strategic NFT card game with 260,000 daily users, operating on the Hive blockchain. Splinterlands players battle other players using cards. There are 500+ cards in the game. The Splinterlands crypto token “SPS” currently trades at $0.13 with a market cap of $48 million.
Splinters refer to the 7 elements in the game: fire, water, earth, life, death, dragon, and neutral (mercenary). Each NFT card has a unique power with stats and abilities that help players win against competitors.
Sprinterlands vs Other Crypto Games
Similar to Metaverse games like Decentraland (MANA) and Axie Infinity (AXIE), the game allows players to buy, sell, and trade game cards on the NFT market. Splinterlands is not be confused with the Borderlands 3 Splinterlands, which is a popular map in a non-crypto game.
The difference between Splinterlands and other NFT games is that balance and NFTs are not tied to the user’s account in the game, but they are tied to their MetaMask wallet. They can withdraw and sell their NFTs on 3rd party marketplaces at any time.
Splinterlands cards can be combined for more powers and accessing different levels in the game. Users can play against other users, trade cards/land NFTs, earn rewards from battling, and participate in tournaments.
How to Play Splinterlands Crypto Game
Users can practice-play for free without affecting their ranking. However, to play the game for profit, a user has to deposit at least $10, which allows them to access the “Summoner’s Spellbook”.
The Spellbook is mandatory before players are allowed to battle for profit, trade on the market, earn rewards, or participate in tournaments. This fee is lower than other competitors, such as Axie, where users must deposit the equivalent of $500-600 to start playing.
Once a user has access to the Summoner’s Spellbook, they can start playing and earning rewards that are paid out in DEC. The SPS token is merely the governance token that users can use to vote on game changes, but it is not used inside the actual game.
The Splinterlands (SPS) Ecosystem
Splinterlands was built on the Hive blockchain, which supports the development of L2 projects, and Splinterlands is currently the biggest project on the Hive blockchain.
The Splinterlands ecosystem is large and multi-blockchain because it features different tokens. Splinterlands has support for Ethereum (ETH), Tron (TRX), WAX, and BSC blockchains. Their native currencies can be used to purchase DEC tokens and NFTs in the Splinterlands ecosystem. Users can transfer their in-game rewards and convert their cards to NFTs.
Splinterlands NFTs as Cards
According to Dappradar, Splinterlands is one of the most-played NFT games in the world with over 260,000 daily players.
Splinterlands has hundreds of cards and land parcels. The land parcels were one of the most limited NFTs, and they all sold out in October 2021.
Splinterlands stands out from other games by allowing instant withdrawal of NFTs. If a user obtains or mints an NFT during gameplay, they can withdraw it to their MetaMask and sell it on the open market.
Dark Energy Crystals (DEC) as Currency
Dark Energy Crystals (DEC) is the main currency used in Splinterlands to pay rewards. Players can only win DEC if they have access to the Spellbook and they paid the $10 registration fee. If a player wins against another player, they are rewarded in DEC.
DEC can be purchased off the game on decentralized exchanges such as Uniswap and Pancakeswap. They can use native currencies such as Ethereum and Tron to swap their balance for DEC and deposit it as balance in the game.
To win DEC inside the game, players can do the following:
- Battle other players: If a player enters a battle, they can win DEC. This is determined based on the power of their cards. Players who win two battles in a row receive bonuses in DEC from the game. Tournaments are also held regularly.
- Receiving gifts: A player can gift another player DEC. If a user wants to send another user DEC, they only need their wallet address or username.
- Trading cards (NFTs): Users are free to trade and re-sell cards on the open market. There are trading platforms where users can purchase these cards and later re-sell them for a profit. They can also use them inside the game and rent them out to other players for interest.
- Burning cards (NFTs): If a user burns a card, it will automatically be removed from the blockchain. The NFT is sent to the genesis burn wallet where it can’t be accessed. This increases the value of other NFTs on the game and the player is rewarded with bonus DEC.
Note: All of these for-profit features are only available to users after they purchase the $10 Spellbook.
Splinterlands Guilds as Teams
Most players on Splinterlands join a “guild.” Guilds are teams of players that assemble to win battles and split the DEC rewards of playing.
If a player wants to stand a better chance at winning the game, they can invite their friends and form a guild. Winning more games means extra DEC bonuses and discounts in the game.
Splinterlands Multi-Blockchain Bridges
Splinterlands has bridges for the world’s largest blockchains, making it easy to onboard new users. The most used bridge is Ethereum. Users can purchase DEC on Uniswap and fill up their account balance directly to participate in games.
DEC can be converted to ETH, TRX, HIVE, and WAX. For example, if a user wanted to convert their DEC balance to TRX, they would need a Tron Network wallet such as TronLink and they can then transfer their balance to Tron. This helps them save money compared to higher Ethereum fees.
Users can also convert their Splinterlands cards to ERC-721 and sell them on OpenSea and other NFT marketplaces such as Rarible. New users can purchase more powerful cards on NFT marketplaces and stand a better chance at winning tournaments.
Splinterlands (SPS) Token
The Splintershards (SPS) token is main governance token of the Splinterlands ecosystem. Its only use is for on-chain governance and it cannot be used within the game.
The token is used for purposes such as voting on changes in the game, changing card balances, inflation pools, DEC updates, tournaments, and other technical upgrades. The more SPS a user holds, the higher the power they wield over these decisions.
Splinterlands (SPS) Token Price History
Investors who are in it for a profit and do not intend to play the game will likely be interested in the performance of the SPS token over the gaming NFTs. The SPS token is currently trading at $0.13 with a circulating supply of 389 million tokens and a maximum supply of 3 billion tokens. Most tokens are currently staked.
The SPS token is highly volatile. It peaked above the $1 range in three occasions in 2021 and then depreciated to the $.20 range, an 80% decrease from all-time-high.
SPS is currently trading near its all-time-low. However, it managed to rebound during the last crashes and it could possibly recover again if history is an indicator.
The SPS distribution at launch was the following:
- 30% for staking.
- 30% for game rewards.
- 14% for the airdrop.
- 10% for the foundation.
- 9% for the team.
- 6% for a private sale.
The Splinterlands game and the SPS governance token are two different things. Splinterlands is the card game where users can play games and get rewards, while the SPS token is the governance token which a user could use to vote on game development changes.
The game also has other tradable tokens such as the DEC token which gamers use inside the game to win battles. The price of the DEC token is strongly correlated to the price of the SPS governance token. Likewise, NFTs are more valuable when these tokens appreciate.
The game can be played online on the website or on a mobile app; the desktop version has more features, however. In either case, users won’t be able to play for a profit unless they pay the $10 fee to purchase the Spellbook which is basically a wallet initializer for the game.
Splinterlands cards can either be monster cards or a summoner cards. Summoner cards summon the monsters from their caves to do the fighting. Gamers only have 1 summoner card and can have up to 6 monster cards in a battle.
The low entry fee, access to multiple blockchains, and early-stage development mean that this could potentially be one of the best-performers with the rise of Metaverse projects. However, whether the SPS token picks back up to its all-time-high again remains to be seen.