As a dedicated Splinterlands player and investor, I can't help but acknowledge the current challenges the game is facing. The prices of cards, packs, and the SPS token have plummeted to their lowest levels. Additionally, the number of human players is dwindling, creating a critical need to attract new players or find venture capital investors to propel the game to new heights. Despite these obstacles, I continue to play because of the sheer enjoyment and challenge the game provides. However, for Splinterlands to thrive and attract new players, we need to address the core financial issues that deter potential investors.
The Current State of Splinterlands
Splinterlands has always marketed itself as a play-to-earn game. While this model is appealing, potential players are primarily interested in two questions: "How much will I earn?" and "How quick is the ROI?" The fun and engagement of the game take a backseat to these financial concerns. The current price of SPS is discouraging for these potential players. Therefore, our focus must be on raising the value of SPS.
SPS Token and Its Challenges
SPS validators are a crucial aspect of this endeavor and need to be completed as soon as possible. Once players see the value in earning SPS, there will likely be a significant influx of new players, driving up the value of all game assets. However, the current state of the SPS token is troubling. The market is flooded with SPS trading at $0.0116. Moreover, the supply of SPS is too high for the existing player base to support the price, resulting in a drastic price drop even amidst a crypto bull market.
A Micro-Cap Token with Potential
Despite these challenges, SPS is a micro-cap token with significant potential. The circulating supply is only 489,718,725 tokens, and at a price of $0.0116, this amounts to just $5,680,000. This means that it wouldn't take a substantial investment to kick off a bull market for SPS. For instance, raising $10 million in fresh capital could dramatically change the game’s landscape. This capital could be used to soak up the SPS supply and improve the game, leading to listings on major exchanges like Coinbase and Binance. Such moves, combined with clever marketing strategies, could significantly boost the game's appeal and asset prices.
Strategic Moves to Enhance Value
To stabilize and increase the value of SPS, several strategic actions can be taken:
Capital Infusion and Token Buybacks
Raising fresh capital is essential. With $10 million, part of the funds could be used to buy back SPS tokens, reducing the supply and increasing the price. This would send a positive signal to current and potential investors about the token's stability and growth potential.Focused Marketing and Exchange Listings
Effective marketing campaigns are crucial to attract new players. Listing SPS on major exchanges would increase its visibility and accessibility, making it easier for players and investors to buy and trade SPS.Burning Events
Organizing events focused on burning SPS can help reduce the supply and prop up prices. These events would not only create scarcity but also generate excitement and engagement within the community.Developing the Land Game
Investing in the development of a robust Land game can significantly enhance the game's ecosystem. The current land features are underwhelming, but a fully developed Land game could soak up DEC and card assets, creating additional value streams for players. However, this should be a secondary focus, with the primary goal being to restore SPS to a higher price level, such as $0.10 or above.
The Road Ahead
Splinterlands has provided immense enjoyment over the years, and I am committed to seeing it celebrate many more anniversaries. The game has real potential to not only become even more enjoyable but also to realize significant financial appreciation. By addressing the current financial challenges head-on and implementing strategic actions to enhance the value of SPS, we can attract new players and investors, ensuring the long-term success of Splinterlands.
As a community, we must rally together to support these initiatives. Whether through participating in SPS burning events, promoting the game, or providing constructive feedback, every player's contribution is valuable. Let’s work towards a brighter future for Splinterlands, where fun and financial success go hand in hand.
If you are not part of Splinterlands now is a great time to join, all asset prices are down and now is a great time to accumulate! Join me on this journey, and let's unlock the full potential of Splinterlands together.