How Soon will DEC Peg after $444k worth of Token Burn?

Splinterlands play to earn NFT game is unique in every sense and being built on the scalable Hive blockchain makes it exceptional. The team has always been seeking out for creative ways to improve the game's asset tokenomics to make it profitable for players and the the just concluded DEC Burning event is an example. Splinterlands players just successfully burned over 542 million DEC and DEC-B tokens have been burnt over the 30 days of the anniversary celebration exercise. It's interesting that based on market value, over $444k worth of DEC and DEC-B tokens werr burned.

Dark Energy Crystals, short as DEC is the in-game currency token for Splinterlands play-to-earn NFT game. On the other hand, DEC Batteries (DEC-B) is the soul-bound DEC-type token to serve as a burn sink for DEC while also creating a profiting opportunity for investors and holders. Every holder of DEC-B had already gained 20% profit since DEC-B were purchased at a 80% discounted price.

$DEC was designed to a soft pegged price of $0.001 USD, and is earned by burning unworthy cards in a player's collection. DEC is used to buy all sorts of items in the Splinterlands shop, including NFT packs and has a major usecase in the Splinterlands Lands. It is often said that the demand for DEC in Lands would exhaust its supply and that makes it a Splinterlands asset worthy of attention.

It turns out that once The Secret of Praetoria is out we're going to collectively need to stake so many billions of DEC that the actual amount of DEC doesn't even currently exist. Source

The profitability of Splinterlands is a recurring question especially as the crypto bearish market deepens the more. The long bear has plunged Splintershards down to One Cent and a random investor gets so worried on the possibility of SPS bouncing back in price. The tokenomics of the Splinterlands asset thushinges the future value of SPS on the successful pegging of DEC at its supposed $0.001. An excess in the price of DEC above $0.001 would create some demand for some SPS.

With an unusual $444k worth of DEC and its derivative burned in celebration of the Splinterlands anniversary, are thee hopes that DEC would soon peg?

You want to learn more about Splinterlands, SplinterGlossary is a hot reference center for you.

Splinterlands game is termed the "next generation of collectible card games" in which allows players to collect, trade, and battle with provably scarce digital collectibles with real-world value. Battles on Splinterlands Unlike most trading card games, are fast and furious, and are usually completed within few minutes. The Splinterlands gameplay is simple and easy to learn viz: reviewing combat rules, making and submitting of the team and watching the battle unfold.

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