Licenses are NFTs on the HIVE Blockchain that allow users to Operate the SPS Validator Nodes.
A maximum of 60,000 Licenses will be printed and sold, which can be easily transferred to other players or traded on secondary markets. They also will allow players to operate Validator Nodes and get different tokens as rewards.
The SPS governance system will work via a Delegated Proof of Stake (DPoS), with more detailed info in the Validator Node Overview.
How do I get a License?
Licenses can be bought in the in-game shop or decentralized exchanges like Hive-Engine or Tribaldex.
On the Shop page, licenses can be purchased for SPS or by paying a combination of SPS and VOUCHERS. Each voucher gives you a discount on the total purchase price. Up to 500 VOUCHERS can be used to get up to a 50% discount.
Sales are split in tranches; the price of a validator node may vary depending on the current tranche and the SPS market price.
As an example, a validator node can be bought in Tranche 4 by either:
- Paying the full amount in SPS - $10,000.
- Paying 5000 in SPS and 500 VOUCHER that will give a $5,000 discount.
- Any other combination of VOUCHER + SPS within the limits explained above.
|Presale||2,000||$1,000 SPS + 500 VOUCHERs||N/A|
|Tranche 1||3,000||$3,000 SPS||$3.00|
|Tranche 2||5,000||$5,000 SPS||$5.00|
|Tranche 3||10,000||$7,500 SPS||$7.50|
|Tranche 4||10,000||$10,000 SPS||$10.00|
|Tranche 5||10,000||$15,000 SPS||$15.00|
|Tranche 6||10,000||$20,000 SPS||$20.00|
|Tranche 7||10,000||$40,000 SPS||$40.00|
Buying a LICENSE on the market burns 80% of SPS spent during the purchase and 100% of vouchers. The remaining 20% of the SPS tokens are allocated to the SPS Foundation and are reserved to continue incentivizing SPS validator node operation.
How do I operate a Validator Node?
Validator node software is currently in the development stage. License holders are rewarded with SPS and VOUCHER by keeping their licenses in their inventory. More details will be included as soon as available.
3.375M SPS per month and 20000 VOUCHER per day are distributed equally among all license holders by keeping their licenses in their Inventories.
Info about the SPS Rewards can be found in the SPS Whitepaper, meanwhile, VOUCHER rewards details can be found in this article about Validator Node Rewards.
Please sign in to leave a comment.