RE: DEC Market Cap

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So there you go, a 2M market cap for a stable coin backed by 100M on the down side and 40M on the upper side

This statement is correct and factual, but I don't know what to make of this! This is positively strange. What are your thoughts on this?

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(Edited)

What are your thoughts on this?

Well for the 100M on the down side I think there is actually two parts in it.

  • First is the direct arbitrage opportunity that is available for buying packs. But all the packs for sales are not 100M. On the other hand there will be new addition added slowly. We might look at this as sort of the gold standard for the dollar back in the past when dollar was redeemable in gold
  • Second is the use cases for DEC and the utility that is giving to it, as a medium for exchange for buying and renting cards and assets on the secondary market. This is almost the case for every national currency today, as their only use is as a medium for exchange for goods in the country/economy the serve in.

Its a combination of the two. Instant arbitraged opportunity available as DEC is convertible to packs, and and in game medium of exchange.

As the game grow so should the DEC stability. I hope it achieves better stability going forward, even if its slightly bellow the peg. A fluctuation in price in the 10% to 20% in the long term would be great.

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