SPS Staking: A Paradigm Shift in Splinterlands’ Reward System

Splinterlands, a leading blockchain-based NFT game, is set to revolutionize its reward mechanism with the introduction of SPS staking. The integration of SPS (Splinterlands Governance Token) into the game’s ecosystem marks a significant step towards a more inclusive and rewarding gaming experience. This article delves into the details of SPS staking, its impact on players, and the upcoming changes to Splinterlands’ reward structure.

The Main Design and Concept

The team at Splinterlands has been diligently working on the development of SPS staking, which is now ready to be implemented. The objective is to make SPS staking a key determinant of players’ rewards, replacing the current Collection Power system. Collection Power, which relies on the total value of cards owned by players, will soon be phased out to make way for a more dynamic and participatory model.

The Role of SPS Staking

SPS staking will introduce a new approach to calculating rewards, utilizing a formula based on a player’s rating. This means that as players progress and improve their rating in the game, the amount of SPS required for staking will gradually increase. The reward shares allotted to players will be adjusted based on the amount of SPS they stake, employing a diminishing returns formula to maintain a balanced reward distribution.

Impact on New Players

While SPS staking will play a crucial role in determining rewards, it is important to note that it is not mandatory for gameplay. New players can still enjoy Splinterlands without staking SPS. However, to maximize their potential rewards, they will need to acquire cards and either buy SPS directly or receive delegated SPS from other players. This flexibility ensures that new players can choose their level of engagement with SPS staking while still benefiting from the reward system.

League and Tier Rating Charts

To provide players with a clear understanding of the staking requirements and potential rewards, Splinterlands will provide detailed charts for each league and tier rating. These charts will outline the specific amounts of SPS needed for staking at different levels of play, empowering players to make informed decisions about their staking strategies. The transparency of these charts fosters a fair and accessible gaming environment for all participants.

SPS Delegation for Enhanced Earnings

Recognizing the importance of encouraging players to stake more SPS, Splinterlands has introduced SPS delegation as an alternative to purchasing tokens outright. Delegation allows players to borrow SPS from other holders, boosting their staking amount and subsequently increasing their potential rewards. This feature ensures that players have multiple avenues to earn rewards without imposing a financial burden on them.

SPS Utility and Splinterlands’ Perspective

The introduction of SPS staking not only enhances the reward system but also provides SPS with increased utility within the Splinterlands ecosystem. By tying rewards to SPS staking, the game incentivizes players to actively participate in the governance and growth of the platform. It’s important to note that Splinterlands does not receive any financial benefit from this staking process, as the rewards are determined solely by the game’s algorithm.

Implementation and Timeline

Splinterlands plans to implement the SPS staking system by the end of the next quarter, signaling a forthcoming change that promises to make the game more engaging and rewarding for players. This timeline demonstrates Splinterlands’ commitment to continuous improvement and its dedication to creating an innovative and sustainable gaming ecosystem.