@CryptoLemon
What is the actual Market Cap of Splintershards?
Hello HODLers and Summoners, Looking at crypto markets, it is sometimes nice and smart to just sit back and do some *cold hearted* calculations. **So I decided to look at the diluted SPS Marketcap. As I am a summoner and an investor in Splinterlands, I am affraid to discover anything negative 😄.** I digged into the SplinterShards (SPS) Whitepaper https://sps.splinterlands.com/ New SPS tokens will initially be added to the various reward pools at a rate of 37,500,000 tokens per month and will decrease uniformly across all reward pools at a rate of 1% per month, meaning that after one year the monthly contribution rate to the reward pools will drop to 33,239,400 and after 5 years it will have dropped to 20,518,400 SPS per month. **These rewards will end after 65 months and at that point no more SPS tokens will be created.** **65 months means that the airdrop will be going on for 5 years and 5 months before it finishes.** That’s a lot ! If we take an average over the next five year of 1mn $SPS released per day. We get 1 000 000 * 30 Days * 12 (months) * 5.4 years = 19 400 000 000 **Total supply will be c.19.44bn $SPS Tokens???** **WRONG, I misunderstood. Bad Lemon, Bad Lemon!** Well, the last sentence is quite confusing and thanks to some Hiveans, I understood that they meant the last airdrop release will be in 65 months but some will stop way before as indicated in the figure below. **What would be the theorical diluted $SPS Market Cap?** Current SPS price is at c.$0.37 Diluted SPS Market Cap = 3 000 000 000 * 0.37 **Diluted SPS Market Cap = 1 111 0000 000** **So the conclusion is that Splinterlands Governance Token will have a diluted marketcap of c.$1.11bn !** You make what you want from this information hehe. **Sitting between Ontology and ICON** **If everything stayed constant in the crypto worl, which it never does, Splintershards would barely making it to the Top 100 !** HIVE has only a Market Cap of c.273mn DESPITE the current Bullrun it just had ! Well, either SPS is overvalued or HIVE is heavily undervalued 😉** **Latest Analysis** This time, HIVE is pumping with other cryptos ! https://leofinance.io/@vlemon/this-time-hive-is-pumping-with-other-cryptos Game of DeFi Throne - September Update https://leofinance.io/@vlemon/game-of-defi-throne-september-update Call out a scammer a day, to help newbies stay away ! https://leofinance.io/@vlemon/call-out-a-scammer-a-day-to-help-newbies-stay-away
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