Creating a new token like SPLAND for Splinterlands can have several benefits. One of the most significant benefits is that it will create a more immersive and engaging experience for the players, leading to increased player retention and loyalty for their own lands!
Metaverse lovers can trade, sell, or buy these assets on Hive Engine, PeakMonsters or several other markets, creating a more decentralized and fair LANDS environment. Additionally, having a dedicated token can provide more transition to metaverse game rather than play2earn.
Possible Benefits for investors
If Splinterlands decides to create a new token of lands, it can also provide a significant opportunity for investors (such as Adidas, Nike, or celebrities). By investing in the SPLAND token, they can participate in the growth of the game and potentially benefit from its success. As the game grows and more players join, the demand for the token could increase, leading to a potential increase in value.
For example, they can offer staking or yield farming, providing an opportunity for investors to earn passive income by holding the SPLAND token. Real-Estate adoption on crypto can be achieved with specific lands.
Challenges Do Exist...
Creating a new token is not without its challenges. One of the most significant challenges is ensuring that the token has a real-world use case beyond just being a utility token for the game. More tokens for Metaverse of Splinterlands may make the complexity even worse!
If there is no real-world use case, it may be challenging to attract investors, and the token may struggle to maintain its value.
Additionally, there may be regulatory challenges, as creating a new token can be seen as creating new security. Splinterlands would need to ensure that they comply with all relevant regulations and obtain the necessary licenses to issue and trade the SPLAND token.
Easier Exchange Listings?
Creating a dedicated token for Splinterlands like SPLAND can be attractive for cryptocurrency exchanges, as it can generate more interest and trading volume on their platform. Many exchanges are always looking for new and innovative projects to list, and having a dedicated token for a popular game like Splinterlands can be a significant draw.
Having a dedicated token like SPLAND can also enhance the reputation of Splinterlands as a legitimate and innovative gaming project. The gaming industry is becoming more interested in blockchain technology, and having a dedicated token can position Splinterlands as a pioneer in this field. This can create positive publicity.
Yes, it seems so hard. However, any token by Splinterlands will always have more use cases than AIDOGE AISHIBA that are discussed today. However, more complexity of tokens, do not forget new grains, etc in lands, may take it harder. So, listings and marketing may be on SPS for the MetaVerse story, as well.
Thanks for sharing! - @alokkumar121
Anyway, thanks