RE: DEC is on Uniswap - Will it pull a 10 x like leo?
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I don't think so unless/until Splinterlands removes their par value on DEC for purchases.
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That doesnt mean anything. There is no par value. For most of the last year DEC has been trading at 40% of its "par value". Add to that the RNG for pack purchases and the fact the pack average value of cards is below the DEC burn value and even the market price.
The par they established 2000-2$ is stupid. All it does is constraint one side of the equation and provide a value ceiling for DEC while the bottom is unknown..
Without external influence (what we want) DEC will always trade under it as it did this last year. At 40% of the "par".
The side that has the most growth potential, that can pull the card values with it is DEC, because DEC is a token that can position itself alongside all other tokens and is easily understandable to investors. They dont care about card NFTs.
The peg or par as you call it is pointless. Pump a few thousand k into DEC and the peg breaks. Its useless. Serves only to create a pretense to Aggroed and Matt that they can control value stability ingame.
They absolutely cannot.
Peg values and par values are different things. The 1:1000 isn't defended actively, so it's not a peg. It's a par because it can be redeemed for goods and services at a specific value.
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Sure. My point is that the set value is fairly meaningless and only serves as a constraint, a psychological ceiling on the price of DEC while DEC is what is the most easily understood part of the whole equation and has the most potential to reach investors.