What is a Splinterlands Validator Node?
Similar to witnesses on hive the validators of the SPS chain will verify transactions and as a result be rewarded with SPS token. The validators need licenses to run which cost up to $40,000 worth of SPS in the last phase of sale. You can view more details about the validator licenses in the post here: https://peakd.com/hive-13323/@splinterlands/splintershards-sps-validator-node-overview-and-license-presale
What is Hivebuilder?
Hivebuilder is a project run on the Hive blockchain set up and run by long time hive users.
The Hivebuilder team have previously ran 2 successful tokens on hive-engine.
HBT (currently paused)
DeFi (currently running)
What is the SCV token?
Splinterlands Community Validator or SCV token is a hive-engine based token created to run a community based Splinterlands Validator Node so that everyone can have their own part of being a validator by holding the SCV token.
Each token represents an equal share in the node.
The more you own the bigger your share.
Once the SCV validator goes live rewards will be distributed to token holders.
Rewards
Validator rewards are received as SPS tokens for verifying transactions on the SPS chain.
All rewards will be distributed at a 60/40 split.
60% will be distributed among token holders.
40% for management fee and team. The 40% of team rewards will be split and used towards establishing a floor price and progressively doing buybacks.
This will insure the token has liquidity/price appreciation on top of dividends in the form of sps
The buybacks for the SCV token of which 50% will be used to buy at 0.01 the initial sale price backing it 1:1 and the other 50% will be used to fill market orders to allow token holders to sell their tokens for an increased price.
Price Pegged!
Each token will be sold at 0.01 hive from the official @hivebuilder account. We will always sell the SCV token for 0.01 hive and this will never change. We will buyback SCV token for 0.01 hive or more through our buyback program. Every token is of equal value. Buying day 1 or day 30 has no bearings on the price and we suggest to never buy at more than 0.01 hive per SCV.
Why The 0.01 Hive Pricing?
Firstly we want to give every single user an opportunity to buy the token and be involved. Even if you’re in bronze 3 and have very little hive you can still afford to buy a few SCV and have your own share in a splinterlands validator node, helping to process those transactions.
Why SCV?
This gives everyone the opportunity to have a share in a Splinterlands Validator Node. As individuals this is extremely expensive for you as an average investor, in the final phase of license sales the cost is $40,000 worth of SPS. The SCV token enables investors to have a share depending on your own individual circumstances.
The Strategy
We plan to buy SPS and VOUCHER tokens with the funds raised in order to purchase the community validator license.
Join The SCV Community
You can buy SCV today from hive engine or tribaldex.
https://hive-engine.com/trade/SCV
https://tribaldex.com/trade/SCV
!LUV
Sounds like a great project.
Pooling resources of "little guys" together to make one big guy.
It is definitely in the spirit of HIVE.
The 40% that is to be split between the management team and on buybacks - how is that 40% to be divided?
Also, how will you reward the token holders? In HIVE, or a different token.
Posted Using LeoFinance Beta
Rewards will be in sps.
Depending on Rewards will be possibly daily if not weekly.
The teams 40% will be split so 25% of that goes to a floor price(provides liquidity) 25% tokens bought off market(increases token price) This is all subject to potential earnings which are based on votes we receive similar to witness votes on hive. So we will appreciate your vote and other token holders
Sounds like a plan.
I wrote an opinion piece on it here:
https://leofinance.io/@metzli/crowdfunding-on-the-blockchain-opportunities-for-less-than-1usd
Posted Using LeoFinance Beta
Nice one, great idea!
Thank you
This allows the community to own a Node together, amazing project. Might do a slow launch so that the SPS is sent after the airdrop ends! !1UP !PGM !PIZZA
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Yes it is open to everyone hense the low price of the token. We are user excited about the potential of the token
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Thanks to @gringo211985 for sharing this article on ListNerds. If not, I would have missed it.
No staking option? How many SCVs do I need to buy to receive 1 SPS? And how often are the SPS rewards distributed?
Thanks!
As solymi pointed out, no one knows how much a validator will make just yet. However you could do some math for the phases and divide total reward by total licenses available... 3.375m SPS per month shared between validators, 2000 licenses sold in presale, 10k sold in first phase. So 3.375m divided by 12,000 = 28125 per node per month. (please be advised this calculation will not be correct and is simply an average divided by total number of licenses available in first phase)
Thanks! At least, I have an idea now how it works. 😄
I am not part of the team, but I can tell you that nobody knows how much SPS a node will make.
no staking option because this is really functioning like a share
Thanks for the reply.
Interesting! I like the idea
Thank you
Bought 100 SCV, yay!
Ty. The sale should be for some time so feel free to pick up some when you can price will remain same until the node starts
When is the node due to come out?
Posted Using LeoFinance Beta
As far as we are aware presale starts in 2 weeks. They do have a road map but it doesn't always stick to the timeline we will keep you updated
Thank you.
Posted Using LeoFinance Beta
I have some people who I know that are looking at buying some of these. Much too expensive for me to do anything with it. Plus you need the hardware and all of that. This definitely isn't something for the casual user. Interesting stuff though. Actually, I own some of the DEFI token, so I might need to pick up some SCV too. This is a really great idea, especially in light of my earlier sentences!
We don't think there will be many people able to buy one outright so this caters for a vast majority of hive users. If you a Splinterlands lover or just wanna make money
If your happy with how Defi is going this we hope with the right support will be even better. Feel free to spread the word
Yeah, I think this is a great idea. I just picked up 5000 of the tokens. I am pretty excited about this.
Posted Using LeoFinance Beta
Yay! 🤗
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Well that´s great but now I need to still understand how Splinterlands works. Still thanks for sharing on Listnerds !CTP
Splinterlands is a play to earn game, it is the biggest blockchain game. As far as SCV is concerned your really don't need to understand anything more about game as you won't have to play it.
Just bought some! Let's see where it while take us!
!PIZZA
I thought the pre-sale starts the 24th of this month. You are going to distribute rewards according to how many SCV tokens you have? If I buy 10000 tokens how will I know the % of the reward I will get? Thanks
Hi cryptoace33 you are correct the presale starts on the 24th of this month, please ignore any comments stating plans otherwise. I have spoken to all members of the team and they have confirmed it was posted by mistake. The share of the reward is relatively simple to work out... number of holders / reward... as to actual %'s or numbers of how much you will get is to be determined as no one knows how much will be earned from running a node.
Hi Hooe @gringo211985 reply cleared up the question. Any further questions please don't hesitate to ask
!PIZZA
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This is a great project because it gives everyone a chance to be part of this, if your earns are low you can buy gradually and keep building the scv.
Posted Using LeoFinance Beta
Yeah absolutely.
We have huge plans for the token but we need the community to get behind us
This is a great project and gives everyone opportunities to be part of something good, the community will definitely join you
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Thank you and we hope so
Interesting, you have my attention. I do hope to have enough funds to buy my own by next week, but if not, we keep in touch.
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If you can get one yourself we think it's a good move. Feel free to just grab a few hive worth of tokens could be a good addition to your portfolio
How many licenses are planned to be purchased? Or does it depend on the proceeds from the purchase of the SCV token?
We plan on buying the one and any extra funds staking sps so we have more voting power and earn more sps and vouchers with which will be given out to token holders
Why not buy as many licenses as you can in the presale where the price is low for a limited number of licenses?
Posted using Splintertalk
If we raise enough funds for 2 then we will buy 2, if not then any funds above will be used to buy sps and staked this will give us extra vote power and the earnings on the stake will be distributed to token holders
Sounds great I am in can't afford one by my self
!PGM !LUV !1UP !HBIT !LUV !PIZZA
Posted using Splintertalk
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Perfect
Thank you
I got about 1400 shares will get some more before the buy how many node you looking to buy right now
Posted Using LeoFinance Beta
In the presale which is starting tommorow we are looking to buy just the one we are not far away from the required amount
That is a very worthwhile project. Thanks for sharing the information.
I think this is a great project that will have a very positive impact on the community. Thanks for sharing.