500 million Tokens Burnt! Buying time in Splinterlands

Its been ten days of burn event on the splinterlands game and so far the response has been amazing by the community. this event is for 30 days out of which 10 days are passed and in the remaining 20 days, I believe the response will not be so high because point multiplication is also on the lower side. whoever has burnt tokens in the beginning has got more points which will increase the chances to get rewarded. Burning has become rewarding in the game And this is very good because I believe after this burn the price appreciation can be expected for DEC. Currently, it is noting the pegged range but probably after the burn, this may go back to there. All this is happening because of the five-year celebration of Splinterlands and I believe that this is going to add more value to the game and its ecosystem.

500 Million tokens Burn

We need to burn DEC and DEC-B tokens in this event to participate. A total of over 500 million tokens are burnt and this is a big amount. All these tokens are excluded from the circulation supply and will never be part of the game which means if there will be a need for both the tokens in the game then the market is the only option to buy. DEC-B was available only for a limited time. Now there is no way that one can buy this token in the market however DEC is available and there is also an option to obtain DEC using the sps token. If this option is used in the game to obtain DEC tokens then also it is going to help because some part of DEC will be burnt.

Lands will push DEC demand

Lands 1.5 is under development and we are going to have it live soon as per the updates shared by the team. Once the land is live then we are going to see an increase in the demand for dec because this token will play an important role and that would be the time when we can see some significant price appreciation for the token which will take it back to its pegged range. We know that land is anyways a big development in the game and once this is live then multiple assets will be required to do the farming. I have been holding the plot in my account for a long and I am not sure how it will work but I am excited that once this part of the game is live then hopefully it will bring the next level of excitement to the game. I'm sure that there will be tutorials and information available for us to go through and understand how it will work.

Buying time

Here is the chart for the dec token in which you can see that the token is struggling to move upward and maybe we can see it going higher in the coming days. In an idle scenario, 1000 DEC tokens should be worth $1 but actually, it is just for $0.78 as per the current market price. DEC was valued highly during the SPS airdrop and because it was adding more points to the daily airdrop. The price started dropping when the SPS airdrop was about to end. Things keep on changing in the game depending upon the supply and demand so it is obvious that when there is more demand in the game but supply is limited then the price will appreciate and similarly SPS would also see the same pattern I believe.

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The current price for SPS is also quite low in the market and I expect that once the change is implemented in the game that has been announced already then we are going to see the price increase. I believe this is the right time to buy more SPS and I'm doing the same because I do not want to be in a situation where the change is implemented and then I buy at a higher price. I have already made it 100K tokens in total and gradually I am trying to increase it further. I plan to play in Diamond League and for that, I would require about 160 K SPS in total however as of now 102k only so I need another 58k approx to be eligible.

It is certainly a good time to buy more tokens and even I will try to focus more on this only so that I can buy more in less time. I want you to buy some cards in the game but looks like it is not the right time for cards instead SPS is a preference. After going through the market situation and in-game demand I have decided that I will continue to buy sps for some more time and try to accumulate as much as I can because this will help me get ready for the upcoming change. It seems difficult but if in case I can make it the required amount for Diamond League then it is going to make my gameplay better and I will not be impacted by the change.

(images are taken from splinterlands wherever not mentioned)

Thank you

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