The operator of the NFT game Splinterlands has begun an open sale of validator node licenses, ForkLog has learned from project representatives.
Node operators will be able to receive a monthly reward from a pool of 3.75 million SPS tokens. 10% of the payouts are earmarked for the 50-100 leading operators who participate in governance votes under the Delegated Proof-of-Stake model.
During the pre-sale, users purchased 2,000 licenses in 11 minutes. Under the stated mechanism, this led to burning ~14.5 million SPS and ~1 million Voucher. The project’s DAO treasury received ~3.6 million SPS, equivalent to about $4 million. Within three hours of the sale’s start, 2,271 nodes were sold.
“This burn mechanism will exert enormous deflationary pressure on SPS and will be a fairly revolutionary concept in blockchain gaming,” said Liam Labistur, Growth Director at Splinterlands.
As a reminder, as part of the move to a decentralized governance model, the project announced the sale of 60,000 nodes.
In March 2022, the number of battles played in Splinterlands surpassed 2 billion.