- Splinterlands is a play-to-earn trading card game based on blockchain technology.
- The Splintershards (SPS) token is the governance token of SPS DAO.
- The SPS token is listed on several exchanges like Pancakeswap (V2), Gate.io, etc.
The Splintershards (SPS) token is one of the trending altcoins on June 6. However, the SPS token was down 1%, with a 13% upsurge in trading volume in the trailing 24 hours to Monday morning.
Conversely, the global crypto market rose 5.11%, with a 48.80% gain in trading volume in the same period. Here we discuss the recent developments of the Splintershards crypto.
What is Splintershards (SPS) crypto?
Splinterlands is a play-to-earn trading card game based on blockchain technology. It is similar to games like Magic the Gathering, and Hearthstone, where players can collect cards with different attributes to battle with other players in matches based on skills.
Players can buy or sell their digital assets in the Splinterlands game, like the trading card games Pokemon, Yu-Gi-Oh, etc. The Splintershards (SPS) token is the governance token of SPS DAO. It is available for trading on exchanges like Pancakeswap (V2), Gate.io, BKEX, etc.
Splinterlands was created to provide a solution to players who cannot own assets. So, with the help of blockchain technology, the players can now own and trade digital assets. In addition, all the cards on the Splinterlands game have a verifiable supply with their historical records.
The game was created by Jesse Reich and Matthew Rosen in 2018. The SPS governance token was launched in July 2021.
The game gained attention after it started the pre-sale of its 2000 validator node licenses on May 25. Splinterlands said it sold them out within 11 minutes after going live. On May 31, it said the licenses are now available for public sale. It will allow users to obtain SPS by running the free node software.
The node operators can earn from a pool of 3.75 million SPS every month, with 10% of the pool allocated for the top 50 to 100 node operators to vote through a delegated PoS solution.
Also Read: Why is Trust Wallet token (TWT) rising?
Data Source: CoinMarketCap.com
The SPS token was priced at US$0.08207 at 8:40 am ET on June 6, down by 1.61%, while its volume for the last 24 hours rose 13.86% to US$1.18 million. The token has a market cap of US$58.77 million, and its fully-diluted market cap is US$246.22 million.
It has a maximum supply of 3 billion, a total supply of 797.91 million, and its current circulating supply is over 716.08 million. The token saw the highest price of US$0.1113 and the lowest price of US$0.05653 in the last 30 days.
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