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RE: Splintershards (SPS) Ranked Battle Rewards & Governance Voting

in #splinterlands • 3 years ago (edited)

feel a bit screwed, so now the sps value is lowered because they want to push the dec price, when before they said thousands of times dec is only for trading and not for increasing value. apparently people who got masses of sps airdrop with dec now want to increase this value .......

How can someone who invested in sps now be happy that bots can suck the token?

3 years ago in #splinterlands by
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     3 years ago  

    You don't seem to understand how this is working. Once DEC is back at its peg any additional value will go to SPS instead of DEC so this is actually increasing the value of SPS, not lowering it...

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     3 years ago  

    yes can be good, my english is bad 😅

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       3 years ago  

      so now the sps value is lowered because they want to push the dec price, when before they said thousands of times dec is only for trading and not for increasing value

      1. The ranked battle reward pool for SPS was announced over a year ago in the SPS whitepaper, so we are merely executing on the initial plan that was set forward for the token which has been available for everyone to read and understand as part of their decision to participate
      2. What we have said thousands of times about DEC is that it is meant to be a product-backed stablecoin around the value of 1000 DEC per $1 USD. Again, these changes are meant to address one of the main issue of achieving that goal that we have working towards for years now and which can be incredibly valuable for the ecosystem
      3. The conversion mechanism for SPS to DEC allows all additional value that comes in to DEC above the intended value to go instead to the SPS token

      How can someone who invested in sps now be happy that bots can suck the token?

      Since the SPS token rewards will come from fixed reward pools, bots will be merely competing with each other for the share of the fixed pool. This is very different than with DEC where each new bot (or regular player) in the system caused more DEC to be minted.

      This change, along with many of the other changes implemented over the past few months, will do a lot to reward higher win rates and getting to higher leagues over playing lots of games across lots of accounts - which is another goal we have talked about thousands of times.

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       3 years ago (edited) 

      okay thanks, I'm still skeptical, but in the past you have always surprised me positively, I am curious what will happen ;)

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