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RE: Open Letter to Splinterlands Team

in Splinterlands • last year

I believe that separate token is this (at least, this is how I understand it, but I've been known to be wrong):

Say that Vugtis creates a game on the Invennium platform. To support that game, he creates VugCoin and VugTime, and VugUSD. Vugcoin would then be airdropped to SPS holders.

So each game has its own tokens built on the GLS platform, and SPS holders are airdropped them.

It's not a new token for Splinterlands but a new utility for SPS.

last year in Splinterlands by
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     last year (edited) 

    Hi, thanks for reading and give a feedback. Interesting thought. This is indeed different from what I imagined. From what you are saying, it seems like any new games (created by 3rd party, not Splinterlands team) that is created on Invennium have to airdrop a portion of their token to SPS holder, so I can agree that is additional utility for sps.

    But my assumption right now, there will be another token similar to GLX, which is a token for Arcade Colony platform where all the games created with Invennium reside, which tokenomics, utility is unknown. And the platform will be maintained by splinterlands. And in order to receive revenue/reward, we need to have this new token, which we need to acquire somehow in some way.
    So, if only certain % of these new token is given to staked-sps holder via airdrop, I don't it serves enough justice to the main Splinterlands ecosystem.
    There are many way people support Splinterlands, that enable Splinterlands to start this business beside staking SPS:

    1. People buy packs, promo card, TD, Runi, and all of those supporter are still bleeding right now.
    2. People defends prices of Splinterlands main token, DEC and SPS (staked or not). Without these people, DEC and SPS will crash and won't have enough value for people to be incentivised to purchase assets and NFT listed in point no 1.

    So, ONLY 5-10% airdrop is definitely not enough justice imo.
    Additional to airdrop, I'd suggest High percentage of profit being funneled back to splinterlands via SPS buyback and burn mechanism which will help the entire ecosystem, not just sps staker.

    FWIW, I think GLX tokenomics has the same problem, GLX ecosystem in no way directly support SPS (Main Splinterlands) ecosystem. Only small portion is given back and only to sps-staker. Let's say GLX ecosystem thrive and SPS ecosystem doesn't. SPS doesn't get anything out of it. Imagine how those supporters from points no 1 and 2 feels.

    With that said, all of those stuff I said are just based on assumption. Time to get back to reality. Which is why I said in my post we need to wait for the official whitepaper.