We take a look at the pros and cons of buying Splinterlands DEC for both active players and long term investors.
When it comes to whether you should buy Splinterlands DEC, there are a number of pros and cons to first consider.
In this section of our Splinterlands DEC guide, we go over the pros and cons before helping you to make a final informed call on buying DEC yourself.
Pros of buying Splinterlands DEC
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Needed to play Splinterlands: As the in-game currency of the Splinterlands game itself, it is an integral part of actually playing the game.
You can use DEC to buy cards, potions, dice packs which via effective gameplay, can be compounded into more DEC.
If you’re an active Splinterlands player, then you need to buy some DEC.
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Ability to earn SPS airdrop points: The more DEC you have on hand, the more SPS airdrop points you will earn each day.
This works for both active Splinterlands players as well as passive DEC investors because whether your DEC is within your account or in the DEC-bUSD LP on Cub Finance, you’re earning SPS points.
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Price could go up: With so much hype around Splinterlands and play to earn games in general, demand for DEC doesn’t look like receding anytime soon.
As long as the game continues to grow and attract new accounts at anything close to the current rate, then the price of DEC is likely to continue appreciating.
Cons of buying Splinterlands DEC
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Price could go down: While we said that price potentially going up is a pro of buying Splinterlands DEC, we’ve also included the opposite effect right here in the cons section.
As a soft pegged token of 1000 DEC to $1, price could just as easily return to its peg and go down from where we are now.
It’s all about weighing up the potential risk to reward.
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Possibly better returns elsewhere: If you’re purely looking to buy DEC as an investor rather than a player of the game, then there may be better returns elsewhere.
With just 15% on offer in the DEC-bUSD LP on Cub Finance, that is certainly on the small end of the DeFi scale.
But we say may be because DEC may be the easiest way to increase your SPS airdrop, but we don’t actually know how big that token could be at the end.
It could be meh or it could be really big.
Another risk to reward that you need to weigh up before buying Splinterlands DEC.
Do the pros outweigh the cons of buying Splinterlands DEC?
This is a question that only you yourself can answer.
There are just too many unknowns and variables around the future success of the Splinterlands game and the ultimate value of the SPS airdrop.
If the parabolic growth that we’ve seen Splinterlands generate continues, then the price of DEC could just continue to moon.
But if the play to earn craze starts to waiver, then a drop in demand for DEC could just as easily see its price fall back to the peg.
At this stage, we just don’t know.
What you can do however, is use the information found within this guide to Splinterlands DEC to make an informed decision before placing your bets accordingly.
Best of probabilities to you.
Direct from the desk of Dane Williams.
Why not leave a comment and share your thoughts on the pros and cons of Splinterlands DEC within the comments section below? Do you think the pros outweigh the cons? All comments that add something to the discussion will be upvoted.
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