![]() ![]() I have not attempted this but consider the following. There are fees associated with selling cards (typically 5%).When converting to DEC you may or may not receive the current market value of the card in USD.DEC conversions are practical if you want to purchase new Splinterland cards or level up.A card may not sell (especially if it does not competitively price).Once we know the comparison constant for the card we want to sell, we can make a decision as to whether or not selling the card is more beneficial than converting it to DEC. The DEC value for an Undead Minotaur is 15 DEC per DCX. The BCX price for this card runs between $0.013 to $0.015. In this example, I am determining whether or not I should sell an Undead Minotaur. Now that we know the current price of DEC (the price standard we are going to compare against), we next need to find the price and DEC value of the card that we want to sell. To find the market price of DEC, go to Steem-Engine and check the latest USD value. There is a variable that you will need to get first in order to determine if it is better to sell a Splinterland card on the market versus converting directly to DEC: the current price of DEC want to convert unused/unwanted Splinterland cards to upgrade more desirable cards.choose to take gains and invest in other forms of crypto.PS.The Problem: Splinterland cardholders need to decide when it is better to sell a card versus converting a card to DEC. By accumulating DEC now, you'll be ahead of the curve and poised to reap the rewards when the value reaches its target. Long story short, my conclusion is: accumulate DEC now, while it's still cheap and accessible! Given the factors discussed above, it's clear that the conditions are ripe for DEC to hit its soft-peg 1 USD value soon. This shift will create a favorable environment for DEC to reach its soft-peg value. The Federal Reserve's pause in interest rate hikes, slowing inflation, and rising major cryptocurrencies signal that the market may soon turn bullish. Entire new cards staking utility on land hopefully will warm up the rental market again and will drive up the value of DEC.Īlthough the crypto market is not yet at its peak, there are indications that the "crypto winter" is ending. Land rental features will require a significant amount of DEC, as there is now a 1 DEC fee for listing an item on the market and rentals are paid by either DEC or credits. In my opinion, this is a strong incentive and argument to accumulate DEC now, as burning SPS may soon be necessary to acquire enough DEC for the land staking utility. This mechanism creates a huge new DEC utility, with the potential for more than 6 billion DEC to be staked on the surveyed lands. To stake a maximum BCX card, it will be required to stake 10K DEC first. With the land 1.5 release, each of these land plots can stake up to 5 cards. Right now, over 118k land deeds have been surveyed. DEC staking on land, in particular, will be a massive utility. Promo cards, DEC staking on land, and new guild features are on the horizon. This limitation further restricts the available supply and was a game changer to the previous state of the art where DEC was minted through the ranked battle rewards. New DEC is now primarily issued through season leadership rewards, SPS burning, or card burning (which is no longer a significant factor due to the low DEC value). This reduction in liquid supply helps push the value closer to the 1 USD peg. Recent launches, such as Runi, land surveying, and DEC-B sales, have removed over 1 billion liquid DEC from the market. ![]() Reasons Why DEC Should Hit Its Soft-Peg Value of 1 USD: This circulation slowly but continuously decreases, due to plenty of active DEC burning mechanisms, gives a great overview of how the circulation changed in the last 30 days: With nearly 2 billion DEC tokens locked in various liquidity pools, the effective amount of circulating DEC is around 3 billion. Let’s explore why I believe DEC will soon hit its soft-peg 1 USD value.Īt present, there are approximately 5.1 billion DEC in circulation (according to ). Although the value has been below the 1 USD mark for a long time, it's now inching closer to its target. Pegged to Splinterlands-related products, DEC's soft-peg value is meant to be 1 USD. In this post, I would like to share my thoughts about the current situation of Dark Energy Crystal tokens and why I think the demand for DEC will skyrocket very soon. It’s been a while since I posted last time about Splinterlands. ![]()
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