1. SPS Distribution Overview
- Actual Supply: 1,630,064,726 SPS (Circulating + Staked + DAO).
- Maximum Supply: 2.931 billion SPS.
- Market Cap: $11,492,771.
Breakdown:
- Staked SPS: 923,711,019 SPS (~55% of supply).
- Liquid SPS: 582,153,793 SPS (~33% of supply).
- DAO Holdings: Remaining portion (~7% of supply).
2. SPS Burning
- Total Burned: 68,840,710 SPS (via conversions and licenses).
- DEC Conversion: ~131,594,825 SPS converted to DEC.
- Node Licenses: Burned from license sales.
- Impact: Burning ~4.1% of total minted SPS, reducing inflationary pressure.
3. Key Metrics
| Metric | Value | Observation |
|---|---|---|
| Staked SPS | 923,711,019 (~55%) | High staking percentage stabilizes supply but depends on staking incentives. |
| Liquid SPS | 582,153,793 (~33%) | Represents immediate tradeable supply. |
| Burned SPS | 131,594,825 (~4.1%) | Effective in reducing inflation, but limited burn mechanisms in place. |
4. Top SPS Holders
Top Stakers:
- 46.8M SPS@vugtis:
- 37M SPS@bravetofu:
- 32M SPS@sps-renter:
- 28M SPS@spswhale:
Top 200 Player Stats:
- Cumulative Staked SPS: 280M SPS (30% of total staked).
- Average Staked SPS: 1.4M per account.
- Lowest Staked in Top 200: ~300K SPS.
- Highest Staked in Top 200: ~46.8M SPS.
5. Price Performance
- Current Price: $0.0071.
- All-Time High (ATH): $1.00538 (October 2021).
- All-Time Low (ATL): $0.004147 (August 2024).
Trends:
- Price has been trending near ATL, reflecting inflationary pressures and declining engagement.
- Recent burns and staking may stabilize supply, but demand must increase to support price recovery.
6. Predictions and Scenarios
| Scenario | Price Range | Key Factors |
|---|---|---|
| Bullish (Optimistic): | $0.02–$0.05 | Increased utility from updates, higher staking, effective burns, and market recovery. |
| Neutral (Base Case): | $0.008–$0.015 | Modest adoption of updates and stable staking engagement. |
| Bearish (Pessimistic): | $0.003–$0.007 | Continued delays, low player retention, and ongoing inflationary pressure. |
7. Risks and Challenges
- Token Oversupply: High daily issuance requires countermeasures like increased burns or demand generation.
- Delayed Updates: Survival Mode, Land 1.75, and other features must deliver on time to maintain interest.
- Market Volatility: Broader crypto market trends could significantly impact SPS performance.
- Player Retention: Declining daily active users may hinder the ecosystem’s long-term health.
8. Conclusion
The Splintershards (SPS) ecosystem faces challenges with inflation and declining player engagement. However, with effective implementation of features like Survival Mode, Land 1.75, and ongoing burn mechanisms, the token has potential for recovery. Achieving these milestones, along with broader market recovery, could drive demand and stabilize prices.
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