Splinterlands eco system has been growing exponentially over the last couple of months. Making it one of the most anticipated and exciting play to earn game in the blockchain industry. So much has been accomplished and so much more are to be done in the coming years. Lets talk about Dark Energy Crystals and Splintershards, which are two of the vitals points of Splinterlands.
Dark Energy Crystals (DEC)
DEC is suppose to be the stable currency of Splinterlands! It should be staying at the pegged value of $0.001 per DEC. But over the past couple of months it has not touched the pegged value and still today it is under pegged. Although, there have been multiple attempts made by the team to get it back at pegged value. Some of them are working and we probably need little more time to get the end result of these steps.
Introducing different scenarios to take DEC to the pegged value it deserves.
- DEC reward has been taken out from the ranked battle rewards. A cut out of DEC supply has been created with this step.
- Lots of liquidity pools rewards have been changed with SPS. So we also are getting a cut in DEC supply.
- Different burn mechanisms were introduced for DEC! DEC Batteries, Land which made some significant burn of DEC over the months.
Splinterlands Promo card sale - May 2nd
Will need Vouchers and DEC to purchase
To be speaking about DEC, there is no easy way to get DEC atm in the game of Splinterlands. Since different mechanisms and tweaks have been made, seems like DEC is slowly going to move towards its pegged value.
Currently there are only a limited ways to get hands on DEC. Via the market place where if you sell an NFT, Land or other assets. On the other hand there are some liquidity pools where there is still some rewards payout which is given out in DEC. The last option is via purchasing from the market.
Splintershards
Being the native currency for Splinterlands, it is still under valued. As you may see, Axie Infinities native token AXS is exploding as of today, SPS is still hovering to a lower low. Which is quite unexpected compared to the updates and all the features that are being introduced in the game. I am quite positive about SPS and I have been thinking about expanding my horizon for Staked SPS over the coming months.
Circulating Supply: 966,265,388 SPS
Max Supply : 3,000,000,000 SPS
Image source
There are lots of utilities which have been introduced for SPS over the months. To name a few
- Staked SPS generates SPS as rewards
- Airdrop(GLX) for holding onto staked SPS
- A requirement to participate in Tournaments
- SPS Delegation will be released in the next couple of weeks (This will enhance the tournaments even more)
- 80% of the SPS tokens and 100% of the VOUCHER tokens spent on node licenses will be burned
- 100% of the SPS tokens spent on the purchase of Riftwatchers packs go directly to the SPS DAO
- Get to participate in the proposal voting with staked SPS
With the new sink for SPS when DEC reaches over pegged, it will open a new horizon for SPS. I am looking forward to the upcoming days for SPS. Since there are lots of opportunity to improve.
Opportunity
One of the fact that I am closely looking at, is when DEC gets over pegged. There will be an option where you can burn SPS and get DEC. This will open a new opportunity for all the traders and also us to get some cheap DEC whenever there is a pump in the price of DEC. With this implementation there will also come a sink for SPS. As all these SPS getting burned will allow SPS to reach to a new heights.
This feature will be closely monitored by the arbitragers. As it happened the last time as well. By that I mean there was a dump in SPS in the last few days and arbitragers took the opportunity and quickly filled the price gap. So its a plus point for us all whenever there is a price gap between DEC and SPS.
As we all know there was a hack in a Splinterlands account, where almost 200k worth of assets were compromised. It might not be huge amount to many but this is the first time I am hearing about any sort of hacks within the game. As the team has assured us they will try their best this will not happen again.
Upcoming goals :
- 500k Staked SPS
- 1-2 million DEC
Best regards
Rehan
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