Splintershards
Crypto Overview
Project Overview
Splintershards (SPS) is the governance token for Splinterlands, a blockchain-based trading card game. The token serves multiple utilities within the Splinterlands ecosystem, including governance rights, staking rewards, and in-game benefits.
Intended Utility
The primary purpose of SPS is to provide governance rights to token holders over the Splinterlands gaming ecosystem. Token holders can vote on various aspects of game development and economics. Additionally, SPS can be staked to earn rewards and obtain in-game benefits like increased rewards and special abilities.
Actual Utility Assessment
The token demonstrates strong alignment between intended and actual utility. On-chain data shows active governance participation, with regular voting events and proposals. The staking mechanism is widely utilized, with a significant portion of tokens currently staked. The game itself maintains an active user base, with daily players engaging in card trading and battles.
Token Distribution and Founder Analysis
The token distribution shows a balanced approach: 13.3% allocated to the founding team and advisors, with a 12-month cliff and 24-month vesting period. The majority of tokens (40%) are allocated to players and the gaming ecosystem. Development activity is consistent, with regular updates and improvements to the platform. The founding team has maintained transparency and shown continuous commitment to development rather than marketing hype.
Revenue Model Analysis
The revenue model is primarily based on card sales, marketplace fees, and tournament entries - all involving actual asset exchange without interest-based mechanisms. The platform does not facilitate gambling as all game outcomes are skill-based and involve strategic card play rather than chance.
Crypto Impact
To assign a comfort level investing in Splintershards from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Splintershards.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.