Bitaigen Research What Was the Initial Price of the SPS Token?
The SPS token launched at $0.2252 USD on July 27 2021, with a total supply of 3 billion units.
From the perspective of the Bitaigen editorial team, we outline the background, timeline, and positioning of the SPS token within the Steem ecosystem. The article provides an in‑depth analysis of the governance token’s functions and the early‑airdrop schedule, helping readers quickly grasp the project’s core elements. Subsequent sections will examine market performance and exchange listings, making it worthwhile for a careful read.
Introduction to SPS Token Price and Issuance Timing
According to publicly available data, the SPS token (Splintershards Governance Token) was first issued on July 27 2021 at a price of $0.2252 USD. The supply was capped at 3 billion tokens. By August 23 2021 14:08 UTC, the market price had risen to $0.4178 USD, with a 24‑hour trading volume of roughly $1.6977 million USD, ranking #130 globally, and the token was listed on six exchanges.
- Issuance date: 2021‑07‑27
- Issuance price: $0.2252 USD
- Total supply: 3 billion tokens
The project is built on the Steem blockchain. Its associated card game Splintershards (Chinese name: *分裂之地*) officially launched the governance token at 16:00 UTC on July 26 2021, with the first airdrop scheduled for the following Tuesday.
Functions and Role of the SPS Token
Within the Splinterlands ecosystem, two primary token types exist:
| Token | Type | Main Use Cases |
|---|---|---|
| **SPS** | Governance token | Community voting, staking rewards, in‑game incentives |
| **DEC** | Fuel token (referred to as “crystals” in‑game) | Paying for game actions, card upgrades, etc. |
SPS Issuance and Distribution
- Total issuance: 3 000 000 000 tokens
- Allocation structure:
- Of these, 400 million tokens will be airdropped daily over one year to players and collectors who hold in‑game assets. The amount of SPS each participant receives is determined by the assets they own in Splinterlands (cards, packs, land, DEC).
Core Value of Governance Voting
Holders who stake SPS can take part in governance voting, directly influencing critical project decisions. The official governance scope currently includes:
- Sponsorship and scheduling of tournaments, settings, and prize pools
- Updates to card balances
- Reward rules for quests, seasons, and leaderboards
- Battle configurations (e.g., time limits, mana caps, rule sets, inactive shards, etc.)
- Management of the DEC inflation pool
In‑Game Reward Mechanism
To ensure long‑term ecosystem health, the project team injects 37.5 million SPS into the game each month during the early phase, allocated as follows:
- This reward program runs for 65 months, decreasing by 1 % each month.
- Players can earn SPS through a Play‑to‑Earn model, further stimulating game activity.
Investment Note
The core competitiveness of blockchain games lies in their playability. While monitoring token metrics is natural, experiencing the game itself first can provide insight into gameplay depth and user experience.
Localization note: All fiat values are expressed in USD. For users in the Eurozone or other regions, SEPA or SWIFT transfers may be used for fiat on‑ramps. U.S. users should access listed exchanges via Binance.US (the U.S.‑compliant platform) rather than the global Binance site.
The above constitutes the complete overview of “What Was the Initial Price of the SPS Token? – SPS Token Price and Issuance Timing”. For further updates, follow Bitaigen and its related sections.
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