Splinterlands Token Economics Post Land 1.5
All the snapshots in post can be found on splintercards.com. The one below however is the status of DEC about six months ago. If I recall this past summer we didn’t have any of the major releases in land or rebellion.
Compare the chart above to today and we see there are more DEC.
Although not much more a difference of 430 million more DEC today than six months ago. However when we see how DEC is held it’s seen that the token is very limited on liquidity.
One quarter of the DEC supply is in land while another quarter held by players. There are simply sufficient utilities with DEC making liquidity for the token limited.
How this benefits the game can be seen in its in game token SPS.
Charts above are ideal situation for Splinterlands. DEC holding around peg value while SPS rising. The demand for in game tokens remains in demand and could continue to grow.
The SPS that has been burned has lowered the overall supply to under 2.9 billion. It doesn’t seem like a lot but with SPS prices remaining at monthly highs and continue shrinking quantities it’s going to keep the token value higher.
Ideally we want to see more SPS removed for DEC thereby making SPS scarce. What will be troublesome is the use of SPS down the road as utilities for the token isn’t as versatile as DEC. I would think the core in SPS is its conversion rate to DEC, but would imagine there would be more to it.
Obviously this is not news to gamers of Splinterlands. But it was nice to compare even just six months ago of where we were and how much the tokens have changed since. I am more hopeful the future for in game tokens would increase in value today than six months ago. Hopefully you do to.
Until next time thanks for reading!!!
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Every burnt amount helps :)
Now if we can just get the bull run to hit HIVE and Splinterlands we might see a nice uptick in the USD value of our Splinterland assets.
I am wishing the same. Come on bulls!
The DEC supply is definitely shrinking or being kept in things like land, but SPS definitely hasn't moved too much. I agree that it could definitely be a big issue later on if not handled correctly.
Sps needs to have a utility beyond just voting power but for now we continue acculturating and play the long term.
People still have time, if they want to buy things, the prices of things are still low, which will be very high within the next time, and now people can buy the cards of their choice at low prices.