Splintershards (SPS) tokens will be required to be staked in order to earn SPS staking rewards, participate in governance, or participate in special offers, promotions, and bonuses available to SPS holders.
Staked SPS tokens are not liquid and may not be transferred or sold. Staked SPS tokens may be unstaked over a period of four weeks, with 25% of the total amount of tokens being unstaked becoming available as liquid SPS tokens at the end of each of the four weeks from when the unstaking operation is submitted.
Tokens may be held and staked either in a BSC wallet address or in a Splinterlands game account. The only difference between the two is that only tokens staked in a BSC wallet address will be able to participate in governance votes relating to the DAO. Tokens staked in either place are able to participate in governance votes related to the game and are also able to earn rewards from the SPS Staking Rewards pool.
400M SPS tokens, or 13.33% of the total token supply, will be airdropped to players based upon the amount and type of Splinterlands assets held in their account. Rather than have a specific airdrop date/time with a snapshot as is common, SPS tokens will be airdropped to asset holders on a daily basis over a 1-year period. The goal is to encourage players to accumulate and hold Splinterlands assets over a longer period rather than having a big rush up until the snapshot followed by a dump shortly afterwards.
Nearly every Splinterlands asset will be eligible to earn SPS tokens in the airdrop. Each type of asset will be assigned a specific amount of "airdrop points" that it is worth. Then the total number of airdrop points will be added up across all assets in all accounts in the game and held externally once each day and ~1,100,000 SPS tokens (400M / 365 days) will be divided by the total number of airdrop points to determine how many SPS tokens each airdrop point is worth that day.
As an example, if there are a total of 5 billion airdrop points in total across all assets in the game on a particular day, then players will receive 0.00022 SPS tokens (1.1M / 5B) for each airdrop point worth of assets they hold in their account at the time of the snapshot that day.
The base asset for determining airdrop points will be Splinterlands cards. Cards will be valued by their Collection Power, which is equivalent to the DEC burn value of the card, and each point of collection power will be worth one airdrop point.
Please note that the airdrop points will be based on cards owned by each account, meaning that cards delegated to another account will count towards the card owner's account, not the account to which the card is delegated. Additionally, cards listed for sale on the market will also count as they are still owned by the player until they are sold.
The number of airdrop points each type of asset will be worth is detailed in the table below:
Asset Airdrop Points
Collection Power (Owned Cards) - 1
DEC TOKEN - 1
DEC in Liquidity Pools - 2
Untamed Booster Packs - 600
AZMARE Dice Booster Packs - 900
Essence Orb Booster Packs - 2,400
Beta Booster Packs - 2,400
Alpha Booster Packs - 4,800
Land Plots - 10,000
Champion Points - 10
Splintertalk Tokens (SPT) - 0.25
Card Skins (C/R/E/L) - 1,000 / 2,500 / 5,000 / 10,000
Totems (C/R/E/L) - 1,000 / 5,000 / 25,000 / 100,000
Titles - 100k (Untamed / Explorer) / 1M (Praetorian / Custom)
Splinterlands assets (DEC, cards, packs, land claims, etc) held on external platforms including Steem Engine, Hive Engine, WAX, Tron, BSC, and Ethereum will all still be eligible to receive airdrop tokens based on the mechanism described above without having to transfer them back into the game, as will DEC tokens staked in any of the currently available liquidity pools.
Please note that DEC or other game tokens listed for sale on external bid/ask markets (not liquidity pools) such as Steem Engine, Hive Engine, and TronTrade will not be eligible for the airdrop rewards.
