The 10th and final SPS private sale investor distribution was sent out yesterday, which means that going forward there will be 20M less SPS minted per month bringing the total monthly SPS mint amount down from 71,145,833 to 51,145,833.
Additionally, we want to remind everyone that there are currently less than 90 days left for the SPS airdrop at which point the newly minted SPS will drop by another 33.3M per month (~1.1M per day) bringing the new monthly total to only 17,812,500.
This reduction will be partially offset by the introduction of new reward pools expected to launch later this year for ranked battles, liquidity providers, guild brawls, and the SPS validator nodes, but in total those will only add 21.25M new SPS per month and will continually decrease by 1% per month over time.
On the demand side of the equation - we want to remind everyone that the validator node license sale is scheduled to begin in the next few weeks which is expected to burn huge amounts of SPS tokens over many years as well as the upcoming release of the Riftwatchers mini-edition (expected in Q3 2022) which is planned to ONLY be purchasable with SPS, all of which will go to the DAO to be managed by the token holders.
You can read more about the license sale here: Splintershards (SPS) Validator Node Overview & License Presale, and the Riftwatchers expansion plans here Splintershards (SPS) 2022 Roadmap.
Finally, we have also been focusing a significant amount of effort on making SPS easier to get - especially for those who aren't advanced crypto/defi users. A great first step in that direction was the recently announced availability of SPS in the crypto.com app, but on top of that we are also planning to release completely revamped SPS and DEC purchase screens on the Splinterlands website in the near future which should make it much easier for players to purchase these tokens using various different fiat and cryptocurrencies directly into their game accounts.
Updates to Prepare for SPS Validators
The team has also been making considerable progress on the SPS validator node software which is scheduled for release in Q4 of 2022. In order for all SPS-related transactions to be split out into the new validator node software, a couple of changes will be necessary which are described below.
Active Key Required for SPS Staking/Unstaking
On Tuesday, May 31st the following operations will require active authority to be considered valid:
- stake_tokens
- unstake_tokens
- cancel_unstake_tokens
Players using the Splinterlands website will be prompted to sign the transaction with their active key once this change goes into effect just like all other operations which require active authority currently. Any tools or services that automatically submit these operations will need to update their code to sign the transaction with the active key before the change goes into effect or their operations will no longer be valid.
Please note that you do not have to wait until the change is rolled out to update your code - these operations will be considered valid if signed with the active key currently even though it is not required yet.
Giving Spellbooks to Accounts with SPS Tokens
There are a relatively small number of "temporary" accounts (non-Hive accounts like "acolyte_12345") that continue to hold SPS tokens (both liquid and staked) from before the change was made to require a valid Hive blockchain account to hold assets.
Once the SPS validator nodes are launched, it will no longer be possible for non-Hive blockchain accounts to hold SPS so in order to address this issue these accounts have all been given a free Summoner's Spellbook which will allow them to create a Hive blockchain wallet and migrate their assets there.
Anyone who owns one of these accounts will have 30 days to log into their account on the Splinterlands website at which point they will be prompted to create their Hive blockchain wallet and choose their account name. After the 30 days, any accounts that have not created a Hive wallet will have one automatically created for them to ensure that no tokens are lost.
Stay tuned for more updates from the Splinterlands!
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