Whether you’re a player or simply an investor, we take a look at whether you should buy Splinterlands DEC in 2021.
There’s no hiding from the FOMO that comes from watching the price of Splinterlands DEC race seemingly higher each day.
The popularity of Hive’s very own play to earn game Splinterlands has transcended our own little blockchain bubble and gone crypto mainstream.
You’ve gotta love it!
But at these prices, you’re no doubt asking whether you should actually be still buying DEC to end the year, or whether it’s time to let the market retrace.
This final section of our Splinterlands DEC guide lays out all the facts you need in order to make that final decision yourself.
5 reasons to buy Splinterlands DEC
Whether you’re an active Splinterlands player or you’re simply looking to invest in the in-game currency of the hottest play to earn game of the year, there are numerous reasons to buy DEC.
The top 5 of which, we go over in this section of our guide to Splinterlands DEC, below.
1. Splinterlands DEC can be used in the game
First and foremost DEC is a currency to be used within the Splinterlands game.
The best way to make money from Splinterlands is still to get into the daily grind of winning battles, completing quests and receiving rewards.
While you technically don’t have to buy any DEC to play the game, you do need to have and use DEC to play Splinterlands well.
If the lure of play to earn gaming for a living is too strong, then you’re going to need to buy some DEC off the market in order to start your gaming off on the right foot.
2. The Splinterlands DEC price could explode higher at any moment
Whether you’re using your DEC in-game or not, the likelihood of price exploding higher again is probably quite high.
When it comes to the wider gaming community outside of crypto, Splinterlands is still tiny.
We have barely scratched the surface when it comes to potential demand for Splinterlands accounts and DEC on the back of that alone.
But consider this.
All that’s needed is a major exchange listing and the price could go anywhere.
Hello Binance, we know that you’re watching.
3. Maximising your SPS airdrop points
The fact you’re able to use your Splinterlands DEC holdings to maximise your SPS airdrop points is currently the biggest driver of demand.
13.33% of the total SPS supply will be airdropped to Splinterlands platers and as DEC is the most liquid asset eligible for generating points, demand is far outstripping supply.
Current Splinterlands players are holding onto their DEC, meaning new players don’t have access to a steady stream of supply hitting the market.
The ability to earn 200% simply by staking your SPS, allows you to maximise your SPS earned from DEC.
Can you see the layers that are starting to be built when it comes to earning money from your DEC?
4. Earn 15% in the DEC/bUSD LP on Cub Finance
Speaking of layers, the next reason to buy DEC allows you to continue building your SPS stake while earning further rewards tokens in the form of CUB.
15% may not sound like much when it comes to earning rewards from your favourite DeFi platform, but hear us out here.
When it comes to the DEC/bUSD LP on Cub Finance, there’s a lot more than meets the eye.
You see, by adding liquidity to this pair, the 15% return payed out in CUB tokens is simply a mere bonus.
The real reward here is that you’re doubling your SPS airdrop points, plus 200% on those airdropped tokens.
PLUS if and when the DEC price comes back down to its peg, you’ll get more DEC which equals more airdropped SPS.
Layer after layer of earning potential all from buying DEC.
Even though the APY will probably continue to fall, you’ll be continuing to get more SPS each day from having a growing balance.
As well as getting that juicy bonus CUB.
5. ΛZMΛRÉ Dice packs can only be bought with Splinterlands DEC
When it comes to reasons to buy Splinterlands DEC, don’t sleep on ΛZMΛRÉ Dice.
The ΛZMΛRÉ Dice set can only be purchased using DEC and all DEC used to purchase them are burned from the total supply.
Originally, this set had 20 unique cards and 5 airdrops (per 50,000 packs sold) similar to Untamed.
A player is more likely to receive airdrop cards if they own more ΛZMΛRÉ Dice packs.
There were only 300,000 ΛZMΛRÉ Dice booster packs created.
Risks of buying Splinterlands DEC
When it comes to answering whether you should buy DEC in 2021, we just need to address the elephant in the room.
While it’s all good and well to see the price currently flying, did you know that DEC is actually designed to be somewhat of a pegged stablecoin?
Yep, that’s right.
DEC actually has a soft peg value of $0.001, meaning that 1000 DEC is supposed to be pegged to $1.00.
But with Splinterlands emerging as the hottest play to earn game of the year, demand for DEC has seen the peg literally blown away.
So do we think that the DEC price is destined to return to its peg any time soon?
As we’re sure you very well know, there are no certainties when it comes to crypto markets, but it’s more than likely that eventually, it will.
We’re likely to see the price of DEC continue to increase into Christmas, purely on the back of demand for SPS airdrop points.
But when that demand dries up, there is going to be a lot of relatively expensive DEC floating around.
I can certainly envisage a metaphorical rush for the door when normalcy returns.
Finally, how do you buy Splinterlands DEC?
The best way to buy Splinterlands DEC is on the Leo DEX.
The process is as simple as logging into the exchange using your Hive account and then heading to the DEC market to hit buy.
Just take a look at the current DEC price on the chart below:
You can see the way price adhered to the soft peg before blowing it away and breaking out to the upside.
While price has somewhat pulled back from its initial euphoric rise, support continues to hold on the back of steady demand for the SPS airdrop points that holding DEC offers.
So what’s the bottom line when it comes to whether you should buy Splinterlands DEC in 2021?
Yes, you should buy Splinterlands DEC as early as you can to take full advantage of the SPS airdrop, bonus yields and potential future exchange listings.
Just don’t get caught holding the bag when the music stops and price moves back to its peg.
Best of probabilities to you.
Direct from the desk of Dane Williams.
Why not leave a comment and share your thoughts on buying Splinterlands DEC in 2021 within the comments section below? All comments that add something to the discussion will be upvoted.
This Splinterlands DEC blog is exclusive to leofinance.io.
Posted Using LeoFinance Beta
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