Update

In 2024 we invested in other games and chains such as Guild of Guardians, Hunters on Chain and Nine Chronicles just to name a few. In the end we believe the best way forward is to support Splinterlands, and as such we are selling most of the other assets and buying more SPS, this is due to the following reasons:

The team behind Splinterlands and the DAO are ready to scale, this has been the biggest accomplishment under Matt’s leadership.
DEC will hit PEG shortly because there are only 1.3 billion DEC in player/market accounts. The new set in April will require a minimum of 3 billion DEC. Even with burning CL cards, we will need to burn SPS for DEC sooner rather than later.
New mobile app, this is the key to unlock new players and growth.

With 1.6 billion SPS in circulation, 900 million staked and 600 million liquid, we forecast the price of SPS will go up to 2 to 3 cents cents in the next year with only $1MM entering the ecosystem.

DRIP Changes

We plan to move to a NAV (net asset value) valuation for 2025, there will be a more regular treasury report once we have cleaned the older assets during Q1. The original idea for the token doesn’t work to be able to scale it, we need a more “standard” approach.

We have stopped distributing daily SWAP.HIVE and will only give out SPS
Staking rewards are not changing.
We plan to sell the rest of the 4th tranche at NAV, with Thorlock and Gondonar planning to buy most of it, since we want to invest more funds into Splinterlands.
We will as well put a buy wall at the NAV price for people who want to exit the investment, although there is $30k in funds in our LP so we already have very healthy liquidity.

We believe these changes will help us grow our treasury and return more value to our shareholders in the long-term.

What is Hive DRIP?

DRIP is a crypto-coin on the HIVE blockchain that invests into GameFI projects, which are projects that combine gaming with blockchain technology. We believe this will be one of the top growth areas in all of crypto over the next 5-10 years.

Source - main diagram: NewZoo, Blockchain games part: researchandmarkets.com

Daily Payout

We pay out SPS every single day at 12:30 AM UTC. We also reward .025% of staked DRIP daily at this time as well.

Staking Rewards

You'll receive exactly .025% of your staked DRIP tokens rewarded daily in liquid DRIP coins. Coins paid out are liquid so you'll need to stake them daily in order to keep compounding your rewards.

You can follow this guide to automatically restake them:
@keychain/hive-keychain-v26

Ex. - If you started with 1000 DRIP staked, you'll receive .25 coins the first day of staking rewards. If you then restake those coins, you'd earn .250625 additional DRIP the next day.

https://tribaldex.com/trade/DRIP

https://hive-engine.com/trade/DRIP

Our Staking Reward Perks

I posted this on our discord and we've already started staking rewards for certain tiers.

1+ DRIP staked - earn .025% daily in more DRIP tokens. This is a 9.5% APY.

1000+ DRIP staked - New role called DRIP Challenger. Auto staking script available. We now have a rewards bot where only DRIP Challenger roles can enter for daily reward payouts (currently 500 daily LOOT). There's also a bonus in LOOT coins when you sign up for A Pirate Saga.

10000+ DRIP staked - A new role called DRIP Contender. Access to hidden rooms, see real-time trades and participate in important decision making via our Board Room. More perks in the works.