The English play2earn game Splinterlands on the Hive blockchain has been continuously evolving with each sprint, introducing new features along the way. One particular feature that caught my attention in the latest release is the Splintershards (SPS) Rental Market within the game. SPS is now utilized as a multiplier for battle rewards, based on the number of staked tokens. Given this, it is only natural to have a market for delegation, considering that it will determine the growing demand for players who are unprepared or new to the game.
While the requirements for earning ranked battle rewards through SPS staking are not insignificant, I believe that the introduction of the Delegation Rental market will only increase in popularity over time. This market will cater to players who may not possess sufficient resources or experience to stake their own SPS tokens but still want to participate in battles and earn rewards. By renting delegations, these players can engage in battles and benefit from the staking multiplier.
As Splinterlands continues to progress and attract more players, the demand for delegation rentals is likely to rise. This presents an opportunity for both experienced players who possess surplus SPS tokens to earn additional income by offering delegations, as well as for new players or those with limited resources to access the game's features and rewards.
Overall, the introduction of the Delegation Rental market in Splinterlands is a significant step towards accommodating a broader player base and fostering a thriving in-game economy.
SPS Rental Market Boost
The English play2earn game Splinterlands on the Hive blockchain has been continuously evolving with each sprint, introducing new features along the way. One particular feature that caught my attention in the latest release is the Splintershards (SPS) Rental Market within the game. SPS is now utilized as a multiplier for battle rewards, based on the number of staked tokens. Given this, it is only natural to have a market for delegation, considering that it will determine the growing demand for players who are unprepared or new to the game.
While the requirements for earning ranked battle rewards through SPS staking are not insignificant, I believe that the introduction of the Delegation Rental market will only increase in popularity over time. This market will cater to players who may not possess sufficient resources or experience to stake their own SPS tokens but still want to participate in battles and earn rewards. By renting delegations, these players can engage in battles and benefit from the staking multiplier.
As Splinterlands continues to progress and attract more players, the demand for delegation rentals is likely to rise. This presents an opportunity for both experienced players who possess surplus SPS tokens to earn additional income by offering delegations, as well as for new players or those with limited resources to access the game's features and rewards.
Overall, the introduction of the Delegation Rental market in Splinterlands is a significant step towards accommodating a broader player base and fostering a thriving in-game economy.
The SPS Delegation Market will start by showing a summary on your SPS holdings as:
Total SPS = Total SPS Power. This is your current Staked SPS amount plus the Delegated amount to you and minus your Delegated amount to others.
Available SPS = Available SPS for filling bids on the market. This is your current Staked amount minus your Delegated amount to others and minus any Unstaking amount.
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Bid Orders
Below these we find the current market demands in the "Others Bids" together with your action on the market in the form of "My Open Bids" and "My Filled Bids". There players can request SPS Delegation and pay for it with DEC or Credits and need to take into consideration also the 1 DEC bid fee which will be burned. In the same time, all rentals on this new market are for a one week duration and cannot be removed earlier than that. In the same time as this is a first version of the SPS Delegation Market and more and improved features are being developed, players need to pay attention to the fact that all delegations need to be removed manually after the rental duration has ended with this initial release. Thus, the current SPS Delegation Market requires some management when doing operations on it. But it is quite promising, well designed and a new revenue channel for players that kept on gathering SPS like gold or honey.
SPS Rental market
How it works?
The SPS Delegation Market provides a summary of your SPS holdings, including the following information:
Total SPS: This represents your overall SPS power, which includes your current staked SPS amount, the SPS delegated to you, and deducts the SPS you have delegated to others.
Available SPS: This indicates the amount of SPS available for placing bids on the market. It is calculated by subtracting your delegated amount to others and any unstaking amount from your current staked amount.
Below the summary, you will find the current market demands under "Others Bids." This section displays the bids from other players who are requesting SPS delegation and are willing to pay for it using DEC or Credits. It's important to note that each bid incurs a 1 DEC fee, which will be burned.
Additionally, you can monitor your own market activity through the "My Open Bids" and "My Filled Bids" sections. Here, you can track the bids you have placed and the ones that have been successfully filled.
It's crucial to remember that all rentals on this new market have a fixed duration of one week and cannot be terminated earlier. This means that players must manually remove their delegations after the rental duration ends, as this initial release of the SPS Delegation Market does not provide automatic removal. Therefore, managing delegations requires attention and careful planning.
Despite this requirement for manual management, the SPS Delegation Market holds great promise as a well-designed revenue channel for players who have been accumulating SPS, akin to collecting gold or honey. It is an exciting addition to the game's evolving features, and further improvements and enhancements are expected in future releases.