How to Buy Splinterlands (SPS) in 5 Simple Steps
Splinterlands is a trading card combat game similar to Pokemon or Yu-Gi-Oh! but with one difference: it is based on the blockchain. This means users own their cards in the form of NFTs as they hold digital records of their ownership .
Players battle it out with each other so they can earn “Dark Energy Crystals” in the game, which can later be converted into Splintershards (SPS), the native crypto of Splinterlands.
The rest of this page will tell you why Splinterlands could be a promising investment for you in 2022 and show you where you can buy it in a few easy steps.
How to Buy Splinterlands
It is not possible for you to buy Splinterlands on most major crypto exchanges at this time, but it can be acquired on trusted decentralised exchanges (DEXs) like PancakeSwap through a few simple steps.
1. Sign up with a regulated platform
You’ll have to register with a major exchange to begin this quick process. To do this, you’ll have to show some form of proof of residence, like a utility bill, and photo ID.
We have singled out the best platforms for you to sign up with; owing to their cheap transaction fees, simple onboarding process, and data privacy standards.
2. Purchase BNB tokens
The easiest way for you to buy Splinterlands will be for you to purchase BNB beforehand so you can swap it later.
You can buy BNB on the exchange listed above by wiring money to your account through a number of ways including Visa, Mastercard, and PayPal.
Once your account is funded, you can buy BNB by searching for the trading pair that links with your local currency. For example, if you are living in the UK, you should choose the BNB/GBP trading pair.
3. Send your BNB to a Web 3.0 wallet
You’ll now have to create a trusted Web 3.0 wallet like MetaMask or Trust Wallet. Once you’ve done this, you should paste your wallet address into the “Withdrawals” section of your preferred exchange so you can send your BNB to your new software wallet.
4. Connect your wallet to PancakeSwap
Following this, redirect yourself to the official platform of PancakeSwap on your web browser and click the “Connect Wallet” tab on the top right corner. This process is instant and cost-free.
5. Swap your BNB for Splinterlands
You will now be able to swap BNB, from your Web 3.0 wallet, for SPS on PancakeSwap. If you have any trouble locating the trading pair yourself, you can find it here instead.
Where to Buy Splinterlands?
You have to remember that because you can’t buy Splinterlands on most major exchanges, you’ll have to buy BNB first, so you can trade it for SPS on PancakeSwap.
Because of the broadening use cases associated with BNB, you can purchase it on a variety of exchanges. Here are some of the top platforms we have highlighted for you with regard to their low costs, ease of use, and compliance policies.
Things to Consider When Buying Splinterlands
Booming play-to-earn game market. Trading card games like Splinterlands tap into the recent surge in engagement with play-to-earn (P2E) games. The limitless scope of this sector –– in tandem with the rise of the Metaverse –– is fast becoming a rallying point for investors across-the-board.
Fixed Supply. The maximum supply of SPS that will ever be in circulation is capped at 3 billion tokens. The potential scarcity of SPS in the future may lead to more demand for the token and elevate its market value as a result. This is unlike some other popular gaming tokens, like GALA, that have a total supply of 30 billion; making supply shortages a less likely scenario.
Exciting Times Ahead. The developers behind Splinterlands have laid out a clear roadmap for the future by stating they intend to integrate governance powers for SPS token-holders in 2022. They also plan on introducing the ability for holders to loan out or “stake” their tokens in return for rewards within the same timeframe.
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