![spstokenundervalue.png](https://images.hive.blog/DQmdWhQTzWYPk7Zj6GdmeYocYioBsSMHWWErCXkrCyXRieV/sps-token-under-value.png)

<h1>[Splinterlands](https://splinterlands.com?ref=bitcoinflood) SPS Token Why It's Still Under Valued</h1>

SPS (Splintershards) are a the governance token of Splinterlands a game on the Hive Blockchain this is setting pace to outbeat Axie Infinity itself. As Axie continues to nerf their system Splinterlands still has much in terms of releases and developments all of which continue to provide value to the ecosystem.

### The Airdrop

Right now we are 83 days into the 365 day airdrop and what's about to happen is points are about to start being divided out heavily over the next 3 months. That's because Chaos packs are going live and with it means more and more airdrop points to be spread around and lots of them. This will cut down the amount of SPS going to accounts that don't constantly keep stacking value and being that we are less then 100 days into the airdrop I feel like this is going to be a heavy driving factor for packs and giving great value to them.

### The Potential Voucher Price

We currently see Dice packs going for $70+ and and Untamed packs going for just below that. That means vouchers very well could possibly go for $50+ each if not more being that they have unique values to them compared to normal packs. It's going to be interesting to watch how the prices fall for the first vouchers hitting the market and buy orders.

As far as I know these vouchers should also be tradable on Wax as well as Hive which could further increase their price. There's also talks about implementing more wallet gateways to Splinterlands further increasing it's exposure. All of this adds up to pressure on the Hive price as well as Splinterlands will need to buy and stake Hive in order to give the power out to new players.

### More To Come

The whitepaper is getting a bit of an update here soon as some of the features have not yet gone live to release SPS tokens. In fact we are just barely touching the amount of SPS tokens that were suppose to be released over half are still missing from things such as ranked battles and guild brawls.

DEC value has the potential to be much higher now as well. All SPS/DEC used will go towards payment to the Splinterlands team on Chaos packs however at some point in the next few months there will be DEC packs only called Riftwatchers. These packs will act like DICE and Orbs where all the DEC collected from these will be burned and the only way to buy them is with DEC.

Land still hasn't been released and there are only 150,000 plots. In fact a tract just sold on Wax marketplace for $706,000 Yep! Nearly a million bucks for some digital land lol This should just go to show you how valued this game is getting and that prices today could very well be a bargain come tomorrow.

We also know that land will produce items that can be used in battle and will have a cost to them. I'm unsure of any of the details on this however I suspect that needing summoners and monster cards to field on these plots of land will increase the value of cards but also that the spells etc crafted from these places will be tradable. I'm going to imagine as some type of token or NFT but that is yet unseen as to how it will take place. Overall it could be a great way to make passive crypto from the game but also to help win you some battles as well.

### The Use Cases For SPS Tokens Will Grow

Now remember only some of the supply is currently going out for SPS tokens and there's still another half that hasn't been released that was expected to. If those come out the value of SPS could drop as there's more supply. The other thing to account for is over the next three months we will also most likely see a huge explosion in value because of new players being able to get in on the game.

Right now SPS only has a few use cases such as staking to near more SPS and soon to come 10% discount on pack buys from Chaos packs release.

There are other additions coming for SPS stake holders and the value looks to only be starting. 

*This article is for entertainment purposes only and is not finical advise. Do your own research and understand the risks before investing.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@bitcoinflood/splinterlands-sps-token-why-it-s-still-under-valued)