Put your money where your deck is

In the midst of the rubble after this chaotic market that has led to blood on the streets of crypto land, my Splinterlands deck has been very sturdy. In the past, I talked about my deck value pretty much doubled and while we've dropped slightly from that position, it hasn't been as dramatic as everything else in the market.

Thanks to this strong showing, I have held strong and my only regret is that I didn't pile on even more NFT in the platform. The creators of this game have big plans for this constantly evolving game and it is slowly growing from a simple game into a proper investment.

Perfect timing

One big factor in Splinterlands position in the market is the impending Sps airdrop. The news about the governance token came when there was excitement in the air and from then onwards, the price of DEC has maintained a fairly steady position. Note that DEC is capped to be trading at $1 per 1000 DEC and judging by the DEC valuation of some cards, it is safe to say we surpassed this limit.

The effect of that airdrop is far-reaching and will lead to sustained growth in the platform for the rest of the year at least. This is because people simply don't want to sell their DEC thanks to the promise of earning SPS governance token based on the value of their profile.

Note that there haven't been any specifics given about how the airdrop will be distributed, so this keeps players guessing. This in turn means that players will be reluctant to sell assets and also means that DEC comes at a premium since it is the cheapest route to buy cards right now.

Splinterlands in Defi

Other than the airdrop, there's also the fact that there are now more ways for people to access DEC through Cubfinance on Binance smart. At the time of writing, there's a DEC/BUSD farm that offers 49% APR for staking tokens to earn cub.

As promised by the Leofinance team, this farm will eventually be relocated to kingdoms, meaning that you can earn cubs and even more DEC/BUSD LP tokens. I suspect this will add to the value of the token, making it one of the safest assets to hold in the midst of the blood bath.

Just Building

All the development on Splinterlands is evidence that sometimes just keeping your head down and the building process is more important than hype. Splinterlands has stayed solid and consistent over the years, with constant updates, communication with players/investors, and steady growth.

The future looks great for this platform and I suspect that by this time next year, everybody with an NFT on the platform will be thanking their stars. Well, that's just the optimist in me talking but it is hard not to be optimistic when the future looks this bright.

May the odds be in our favour.

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