DEC to PEG???

Dark Energy Crystal has been one of the token of Splinterlands which has seen quite a lot of phases of uptrend and downtrend in the last couple of months. The current market cap (according to CMC) sitting at $778,541,719. If you are a regular player of Splinterlands you must have heard about the recent changes that have been made in the DEC mechanisms within the game. If not get a Read here.

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Some very important changes have been made within the game. Among many other assets which were distributed as rewards to players, DEC was one of the primary token which was given out as reward to battle wins and season/focus loot chests. But after the recent change on Tuesday, 8/23 in reward system DEC will no longer be given as rewards to the players. This is a huge change made within the game. Few days ago I was talking with someone about this DEC issue. As the way it was being printed and distributed and the way it was being burned, the sum did not add up. Thus the decline of price from its pegged value. One significant change of mechanism was needed for DEC to get back its value. Seems like the team of SL has made that change and we are going to see what happens in the next coming days.

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The big question! How has/will the market react upon the decision of changing DEC in the reward system?

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The market has already started to react. As you can see in the candles below, as soon as the announcement came out DEC started to see a rise and people are buying cheap DEC and accumulating. The reason why I am saying cheap DEC is because DEC was meant to be a stable currency of Splinterlands and it is suppose to be pegged at $1/1000 DEC. In that regard it was around 0.5$ few days back before the announcement. Some pretty sharp buys were in play in the last few days and seems like DEC is slowly recovering in its price and little by little it has been reaching towards the $1 pegged value like it was suppose to be at.

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^_Source

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In 2021 we were able to see DEC going over pegged and reaching the price of 0.016 per thousand DEC. Which was truly amazing to watch and witness. Keeping that aside I have been accumulating DEC for the last couple of months. At different price zones. Now why I did that, I have an explanation to make :

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Splinterlands Team : As seen in the past the team has dedicated themselves in the game and have planned out several strategies and have been executing them on a regular basis. I wish I acted in the past and collected as much assets of SL as I could but things were not in my forte. Nothing can be done bragging about the past but what I can do is believe in the team and do what I can to make the coming days great and amazing for my SL journey.

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Dark Energy Crystal As of now since we are not getting DEC from ingame rewards there will be a shortage of DEC, which will affect the price and people will need DEC in order to participate in the activities of the game. naturally, the price will get affected (and it already has). Leading to earn some money along the way.

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As far as I can see atm, I was able to make some profit off the trades in DEC so far. I plan to hold the DEC in my pocession as long as possible for the next coming months as well.

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DEC still 23% cheap???

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Are you seeing this! If DEC reaches to where it is suppose to be at (pegged at $1) than for certain it is roaming at a cheap price. Given the volatility of crypto this particular trade could be an easy bargain to make some money. Not that it's any sort of financial advice of any sorts ;)

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^_Source

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SPS Fact:

Let us not forget about SPS in these crowd. Since DEC is a token of Splinterlands it has a long way to go but as for SPS the governance token it is going to play a vital role for players and the game economy as well. Another opportunity will arise due to this significant change in the reward system.

Arbitrage : This could be something phenomenon to look out for! DEC could be the one token, which many users at HIVE are keeping a keen eye for. According to Splinterlands recent announcement DEC can be obtained by burning SPS at $1 ration. So whenever DEC rises above peg, we will see significant amount of SPS being burnt for DEC and an opportunity will arise during that moment. Lets see how that turns out in the long run.

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What are your thoughts about these recent change of reward systems of DEC in Splinterlands?

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Best regards

Rehan

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