![]() ![]() You can purchase in game items that can help you in your battles such as quest potions. ![]() Additionally, DEC comes with a few more uses. You may then quickly and easily trade the DEC for USD or cryptocurrency at decentralized exchanges such as Ethereum, BSC, or Hive (Maybe MEXC as well in the near future). In a nutshell, you are basically earning money while playing card games. If you want to, you can immediately burn the card for their DEC. Each card also has their own DEC burn value. You can buy or sell your NFT Splinterlands cards on the market using DEC. For starters, you can win DEC by fighting and defeating opponents in rank matches. Everything in Splinterlands is powered by DEC. You can collect them, battle with it and sell it off at the market if you see fit.ĭark Energy Crystal on the other hand, is the backbone of the game. There are 7 elements, 7 stats, more than 60 skills and a growing arsenal of 500+ cards. Each has different level and circulation caps. There are four types of rarity: Common, Rare, Epic, and Legendary. You can use your cards to battle with other players, fused it up together to create better cards, or sell it off for DEC. Dark Energy Crystals (DEC) on the other hand, is their in game currency and the governance token. ![]() In this game, you are the owner of all the cards you use instead of a random card pool. This game is something like Yu-Gi-Oh or Magic the Gathering whereby players battle it out with cards and spells. Splinterlands is an NFT trading card game. Let me clarify the distinction between Splinterlands and Dark Energy Crystals. PS.Dark Energy Crystal Image How Does it Work? By accumulating DEC now, you'll be ahead of the curve and poised to reap the rewards when the value reaches its target. Long story short, my conclusion is: accumulate DEC now, while it's still cheap and accessible! Given the factors discussed above, it's clear that the conditions are ripe for DEC to hit its soft-peg 1 USD value soon. This shift will create a favorable environment for DEC to reach its soft-peg value. The Federal Reserve's pause in interest rate hikes, slowing inflation, and rising major cryptocurrencies signal that the market may soon turn bullish. Entire new cards staking utility on land hopefully will warm up the rental market again and will drive up the value of DEC.Īlthough the crypto market is not yet at its peak, there are indications that the "crypto winter" is ending. Land rental features will require a significant amount of DEC, as there is now a 1 DEC fee for listing an item on the market and rentals are paid by either DEC or credits. In my opinion, this is a strong incentive and argument to accumulate DEC now, as burning SPS may soon be necessary to acquire enough DEC for the land staking utility. This mechanism creates a huge new DEC utility, with the potential for more than 6 billion DEC to be staked on the surveyed lands. To stake a maximum BCX card, it will be required to stake 10K DEC first. With the land 1.5 release, each of these land plots can stake up to 5 cards. Right now, over 118k land deeds have been surveyed. DEC staking on land, in particular, will be a massive utility. Promo cards, DEC staking on land, and new guild features are on the horizon. This limitation further restricts the available supply and was a game changer to the previous state of the art where DEC was minted through the ranked battle rewards. New DEC is now primarily issued through season leadership rewards, SPS burning, or card burning (which is no longer a significant factor due to the low DEC value). This reduction in liquid supply helps push the value closer to the 1 USD peg. Recent launches, such as Runi, land surveying, and DEC-B sales, have removed over 1 billion liquid DEC from the market. Reasons Why DEC Should Hit Its Soft-Peg Value of 1 USD: This circulation slowly but continuously decreases, due to plenty of active DEC burning mechanisms, gives a great overview of how the circulation changed in the last 30 days: With nearly 2 billion DEC tokens locked in various liquidity pools, the effective amount of circulating DEC is around 3 billion. Let’s explore why I believe DEC will soon hit its soft-peg 1 USD value.Īt present, there are approximately 5.1 billion DEC in circulation (according to ). Although the value has been below the 1 USD mark for a long time, it's now inching closer to its target. Pegged to Splinterlands-related products, DEC's soft-peg value is meant to be 1 USD. In this post, I would like to share my thoughts about the current situation of Dark Energy Crystal tokens and why I think the demand for DEC will skyrocket very soon. It’s been a while since I posted last time about Splinterlands. ![]()
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