Dear Gamers,
We see a broader decline in the DEC price from its peg from a long time and we are still worry about it how to stop it.
The inflationary token of the game dark energy crystal is creating only trouble so far for the game since its printing rate depends upon the several factors.
What Is an Inflationary Model
In simple terms, an inflationary model means that the total supply of DEC tokens will increase over time. Unlike traditional cryptocurrencies like Bitcoin with fixed supplies, DEC will be minted continuously, allowing for more flexibility and utility within the game.
why we need this kind model in crypto?
🌌 Why Are We Doing This? 🌌
Accessibility: We want to make sure that DEC remains accessible to all players, whether you're a seasoned veteran or a newbie just starting your Splinterlands journey.
Enhanced Rewards: The inflationary model enables us to provide even more generous rewards to our dedicated players. This means more DEC in your pockets for battles, upgrades, and investments.
Stability: By steadily increasing the token supply, we aim to create a more stable in-game economy, reducing the risk of extreme price fluctuations.
Encouraging Gameplay: With more DEC circulating, we hope to motivate more players to engage with Splinterlands actively. Whether you're battling, trading, or investing, there's something for everyone!
Causes faced by system if not controlled or shrinked in community
If the community is not increasing and the supply is increasing continuously then we see a broader decline in the pegged price for the native token.
The Current DEC supply depend upon how many cards are going to be burn and how many reward in tournaments and leagues at the need of each season was given to the players.
This is increasing the supply of the DEC tokens in the game.
Burning Mechanism of DEC
I don't see any burning mechanism of DEC since I am not sure this part has been seen by the developer.
My suggestion.
We can reduce the supply by burning the amount of DEC what we earn on the hive post and what we collect from the trading fee in the market both will impact the supply of the game and help to control the supply of the system.
I think the current inflation is around 8-9% for DEC token which must be reduced to 4-5% since we are facing troubles as 1000 DEC is equivalent to I USDT as said to be pegged which is currently around 2/3 of it.
