Grazing Range Pool #38 — Welcoming SPS to the herd!

This post was originally published on Alpaca Finance

Grazing Range Pool #38 — Welcoming SPS to the herd!

Dear alpacas,

We senior alpacas are excited to welcome our newest addition to the range — Splinterlands!

With this partnership, all you alpacas will be able to open leveraged yield farming positions up to 2.5x on PancakeSwap’s SPS-BNB pair, which currently yields ~80% APR in CAKE Rewards! The pool will go live on November 25th, 2021 at 10 AM GMT.

As part of the Grazing Range program, you’ll also be able to stake ibALPACA for $205K USD in SPS rewards which will be distributed over 8 weeks.

Leveraged yield farmers in the SPS-BNB pool will also receive bonus ALPACA rewards, on top of the leveraged yield farming rewards and trading fees.

🎁Grazing Range Reward Details

Total Rewards: 467,775 SPS (~$205k USD)

biswap

SPS Token: 0x1633b7157e7638c4d6593436111bf125ee74703f

Rewards Period: 8+ weeks

Rewards Start Block: 12,945,600 (Approx. Nov 25th, 2021 10 AM GMT)

Rewards End Block: 14,558,400 (Approx. Jan 27th, 2022 10 AM GMT)

Distribution Schedule:

Exclusive NFT Cards for Pool’s Stakers

To be eligible, you must stake ibALPACA in the SPS Grazing Range pool before November 26th, 10 AM GMT (1 day after the pool opens) and stake until at least December 23rd, 10AM GMT (for 27 days). The NFT tier you receive will be based on the amount of ibALPACA staked.

  • Green Tier: staked at least 500 ibALPACA
  • Silver Tier: staked at least 5,000 ibALPACA
  • Gold Tier: staked at least 50,000 ibALPACA

About Splinterlands

Splinterlands is a unique digital trading card game that allows players to truly own their cards and other in-game assets. Thanks to web 3.0 technology powered by the HIVE blockchain, each card in Splinterlands is a non-fungible token owned by a player. That means that players can do anything they want with their cards, including battling for rewards, holding as collectibles, trading on the peer-to-peer market, combining to level up, or even burning to obtain Dark Energy Crystals, the official in-game cryptocurrency of Splinterlands.

The game was founded by blockchain innovators who shared a frustration with mainstream digital trading card games. The frustration is that when trading card games went digital, player ownership of their assets was lost somewhere along the way. The companies who actually own the cards that players are supposed to “own” themselves can withhold information, reprint cards as often as they’d like, or even completely delete a player’s collection based on inactivity or a violation of terms. Through the power of blockchain, Splinterlands solves these problems by making digital trading cards transparent, scarce, and actually owned by the players who own them.

With hundreds of unique cards, Splinterlands is a brilliantly designed and fast paced trading card game that allows its players to earn by playing. Unlike more traditional TCGs like Magic: The Gathering and Pokemon, Splinterlands battles are fast, with each match taking only 2–3 minutes. Rather than turn-based action in which every move is carefully and slowly controlled, Splinterlands’ main mechanic is a drafting style. Once an opponent is found, each player assembles a team of up to 6 cards from their Splinterlands collection. Then according to a unique set of rules that make every match different, the battle is played out automatically in a quick action-packed format that allows players to learn from both victory and defeat.

🔒Security Score Card on SPS

Have the contracts been audited by professional auditing firms?

Yes, we have been audited by Hacken and Quillhash. We are also in the middle of the audit by Certik.

What is the project’s inception date?

The project was launched on July 26, 2021.

Has your project even been involved with a hack or exploit?

No, the project has not been involved in any hacks or exploits.

What safety measures are in place to secure your protocols from centralization risk? What contracts are not under timelock? Who has multi-sig?

Our contracts are currently not under timelock.

Does your token have a maximum supply cap?

Yes, SPS has a maximum supply of 3,000,000,000 tokens.

Mint function. If Token does not have maximum supply, how is the mint function controlled?

We currently control the minting of the token, but we plan to turn this over to a minter smart contract controlled by the DAO in the future.

Centralized treasury. If the protocol collects fees, where do they go and how are they controlled? Is there any kind of treasury or insurance fund under centralized control?

Yes, the treasury is also centrally controlled by the founders. We will also implement a multi-sig on our treasury soon.

Migration Function. Is there a migration function in the code? Why is this there and how to control this function from making a malicious action?

We do not have any migration functions.

Upgradeable contracts. Are the contracts upgradeable? Why is this there and how to control this function from making a malicious action?

The token contract is upgradable. The process is also centrally controlled by the founders. We will implement a multi-sig to control the process soon.

Third-party risk. What underlying external parties do your contracts rely on?

Our contract does not rely on any third parties.

Where are tokens currently listed?

We are currently listed on the following CEXes: Gate.io, Bitrue, MEXC Global, CoinEx, LBank, BKEX.

As for DEX, we are listed on PancakeSwap.

Please briefly describe the utility of your tokens and all the relevant tokenomics (e.g., burn, staking, locking, etc.)

The token can be used to earn staking rewards and other rewards in the Splinterlands game. In addition, SPS tokens are our governance token, which means that holders will be able to participate in our governance process in the Splinterlands game in the near future.

Does your token have any advanced mechanics such as deflationary/rebase/reflexive?

No, we do not have those mechanics implemented on our token.

Please share your project’s roadmap

You can find our project’s roadmap here.

What % of the token supply is/will be controlled by the team

9% of the tokens will be controlled by our team.

What % of the token supply is controlled by investors? What is the token distribution model?

You can see our token distribution model here.

Please share the profile of key team members

Dr. Jesse “Aggroed” Reich (CEO & Founder)

Jesse has been a gamer for life, and created his own game in 2014 using Kickstarter. After working with his partner Matt, they decided to combine forces and develop a digital version of another game Jesse had been designing. Before founding Splinterlands, he worked as a professor, then as part of software sales and marketing for educational software companies.

Matthew “Yabapmatt” Rosen (CTO & Founder)

Matthew started developing his computer programming skills at the age of 10. He wanted to make his own video games, and has been doing so professionally for most of a decade. He has extensive experience in game design, computer programming, and blockchain technologies.

What monitoring or controls do you have in place that could catch issues, halt functions, or delay attacks to protect assets?

We do not have any monitoring tools at the moment.

Do you have a bug bounty program in place/planned?

We do not have the program at this time, but we may have it in the future.

Safety practices. Is there someone dedicated to security on the team? Does your git include your test/QA scripts? Describe your current IS/QA processes? Will you commit to auditing your code at least quarterly/semi-annually/annually and for major updates and releases?

Since our token is very simple right now, we do not have any tests or processes in place. These are things we will work on as we start implementing governance and multi-sig.

To learn more about Splinterlands, you can visit their official communication channels:

Website · Twitter · Facebook · Youtube · Instagram · Discord · Telegram · Docs


Grazing Range Pool #38 — Welcoming SPS to the herd! was originally published in Alpaca Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.

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