Licenses - Social Media
The Splinterlands Validator License program offers players the opportunity to operate Validator Nodes, which will process transactions within the game. This system aims to decentralize, distribute, and secure the Splinterlands ecosystem. Players who acquire Licenses to operate their nodes will receive daily rewards in SPS and Vouchers, which are specifically allocated to the holders of these licenses, as long as they hold their license.
The governance of the system will use a delegated proof-of-stake (DPoS) model, similar to networks like Hive or EOS, where SPS token holders can vote for validator node operators. These validators will be responsible for validating transactions and controlling the funds of the SPS foundation.
To incentivize the operation of nodes, Splinterlands will offer validator node licenses that can be purchased with SPS and VOUCHER tokens. The licenses will allow anyone to earn rewards without needing to have SPS votes at stake. These licenses will be transferable NFTs and can be used with a single instance of validator node software, allowing owners to operate multiple licenses with a single node. Licenses have no expiration date and can generate rewards indefinitely.
Each Node License is a transferable NFT within the game and can be activated once the Node Program is launched. These licenses do not expire and are eligible to generate rewards in SPS and Vouchers indefinitely.
The system will distribute 3,750,000 SPS tokens monthly to validator node operators. 10% will go towards block validation rewards for those with SPS votes, and the remaining 90% will be distributed equally among all active license holders. Additionally, a new pool of 20,000 VOUCHER tokens will be created daily for license holders.
The total cost of a Node License is 684,622,020 SPS, which is equivalent to $5,000 USD, considering the current market price of 0.0073033 USD per SPS. Conversion rates are based on current market conditions and are subject to change. The amount of SPS withdrawn will be based on the lowest price available at the time of purchase.
The sale of licenses will begin in approximately one month and will be divided into phases with tiered pricing. There will be a total of 60,000 licenses available, with each phase having a higher price as the previous ones are sold out. In the pre-sale phase, an additional 500 VOUCHERS will be required at the cost in SPS, while in later phases VOUCHERS can be used to obtain discounts of up to 50%.
A total of 60,000 licenses will be issued, and as the sale phases sell out, licenses from subsequent phases will become available at a higher price. Additionally, players can use Vouchers to participate in special promotions. These Vouchers are distributed daily to players who have staked Splintershards (SPS). The amount of Vouchers received will depend on the percentage of staked SPS compared to the total existing staked SPS.
This system will burn a large amount of SPS and VOUCHER tokens, strengthening the ecosystem. Additionally, no value from these transactions will go to Splinterlands, but will flow directly to the community and ecosystem. Node licenses are presented as a valuable opportunity for players and the Splinterlands community, being a scarce asset that generates rewards as long as the game continues to run.
Thanks for sharing! - @mango-juice
