Splinterlands, a play-to-earn game powered by the Hive blockchain has not ceased to develop, but, is becoming a big gaming hub and recording increasing adoption. This among other many valid reasons has contributed to its sustenance in the gaming industry for the past Five years. Many crypto developments have not survived a year, but here is Splinterlands defying several bearish seasons and we are all celebrating its 5th anniversary in a grand style with an asset burning event tagged The Great Burning.
Burning crypto has a lot to do with improving the tokenomics of the token by reducing the supply of the token in circulation. Creating a token burning event to mark Splinterlands 5th anniversary is a very smart move by the team who is giving out mouth watering prizes to those participating in this exercise. The rewards are (1) Guild power proportional to the amount of DEC token burned and (2) a price pool of $100,000 worth of NFTs, lands and other gaming related assets.
Dark Energy Crystals is a promising Layer 2 token powered by the play2earn game Splinterlands. Dark Energy Crystals with the ticker DEC are the in-game tokens of the Splinterlands game. At the time of writing, DEC is trading for $0.0008567 per token on the Poloniex exchange. DEC is also traded on Huobi. Data also showed that DEC has Market Cap of $4,040,611. DEC is also trading on LeoDex.io, Tribal Dex, and Hive Engine.
Burning DEC to mark the 5th anniversary of Splinterlands is really a thoughtful activity that would not only reward participants but would better the lots of the DEC token and by extension , improve the overall economics of the splinterlands game. This is because DEC occupies a very crucial position in the splinterlands ecosystem as the in-game currency. It is soft pegeged at $0.001.
Buying DEC now is discounted as the token is trading at discounted prices following the prevailing bear season. The burning exercise would help the token recover its value and approach its pegged value. Besides buying and burning DEC, as popularly asserted, now is the best time to invest in the crypto space is when assets' prices are down. With the many developments surrounding Splinterlands, investing in DEC would not be a bad move.
To be a part of the celebration, I purchased and burned 2,500 DEC. That gives me 2,500 Guild Power that be utilised in the Guild component of the play to earn game. As per the anniversary, the 2,500 DEC burned gives me 2,672 points and places me at the 2721 rank.
So far, over 520 million DEC tokens has been burned by thousands of users. The top ranking players burning DEC are already qualified for some big NFT prizes and are better places to earn from the pool of $100,000 anniversary burn event reward pool.
I send Five Hearty Cheers to Splinterlands Play-to-Earn Game and hat-off in honour to the developers of the game that is taking a center stage in the blockchain gaming category. Several changes in the game is expected to help onboard more players as well as help players to profit more from their time and skills in playing the game. It is believed that Splinterlands can only get better in it Sixth year of existence after this Great Burning event.
At the time of writing, only 1 day, 19 hours are are left for users to participate in the DEC burning event marking the splinterlands anniversary. DO not forget that there are prizes to be won in the process. Show some love for Splinterlands, the next-generation collectible card game, which allows players to collect, trade, and battle with rare digital collectibles possessing real-world value.