Welcome Guys!
This is great news for our great Community. As you know there is opportunity to unlock soulbound reward cards from chaos legion edition. So many accounts hold these cards, but they can't rent out these cards or sell for open market until they decide to burn so many dec. How many? I think really many 10x burn cost, which drive actual sentiment to burning dec in millions!
I decided to participate too in this great burning event to help tokenomy rise, and so far this is the most expensive card, which I decided to unbind.
And that's it!
Not I have 2 option
- buy 2 more bcx to complete this card for max level, which mean I can use or rent this card
- sell for some profit on market
10 days and target to burn 100M dec!
This is great news, which deserve more eyes watching burning dec!
I am pretty sure that in total I spent over 200k or even more dec to unbind some of my cards. For now in time, when I writing this post I have onchain data to check how close we are to 100M dec.
https://api.splinterlands.io/players/balances?username=$UNBIND_ACCOUNT
You can check it too just by visit this api link above.
- 953k credits burned
- 92.2M dec burned
- 3.05M dec-b burned
Which in total is about 96M dec burned, so we need only 4M more to surpass 100M dec sacrificed for unlock cards!
What about other aspects of this great burn?
As we can see at splintercards site: https://www.splintercards.com/
Dec supply decrease really fast, which is really good sign for whole tokenomy. From realese time, dec just gain some value, which drive sps too small bull run.
SPS and Vouchers are the biggest winners of these dec burn. Vouchers are necessary to buy more energy, when sps get value, people just buy more energy. Not only that, there is more demand for wild pass paid in vouchers. We are still away from peg dec value, which when hit can start flywheel mechanism SPS converting to dec. So this is simple, when dec at peg, people just burn SPS for dec. SPS supply decrease, which can drive for price appreciation.
Big picture
We had really not so good time during these years after last bull run. SPS lost so many value, many players left ecosystem with big loss and so many cards selling close to burn value. That's for sure is not good for new players experience, when you see that your game assets just start depreciate over time over and over again. But now with so many dec already burned and of course so many more possible burns in the future, not only from unlocking cards, but from tournaments fee and wild pass 2k dec this is a game changer for our tokenomy.
I read tavern everyday and I see how fast people change their sentiment about sps and dec. There are players, which returning to ecosystem only because they see that sps get stronger! There are people, which day by day buying cheap cards from the market and prepare for ranked play and tournaments! Is really nice to see to many folks believe! On top of that Splinterlands already passed DHF proposal about getting funds for upcoming marketing. If we sustain enough voter for next 5 months Splinterlands will have over 400k $ for marketing, which is really decent money to get more players!
Summary
- We burn so many dec over last 10 days
- New dec burn via tournament fee - even 1.6k dec for biggest tourney for entry
- Dec slowly recovery, which is great news for Splinterlands team, which just pay with dec for credits.
- Overall sentiment just changed for positive
You never played Splinterlands before?
You can join now by register from my affiliate link:
https://splinterlands.com?ref=atnazo