The true value of a cryptocurrency is in its Usecases

The true value of a cryptocurrency is in its application in real-world activities and interactions. A good cryptocurrency should impact the way in which systems utilized fiat money as well as being a better alternative. The set of possible sequences of interactions between cryptocurrencies and users of a particular blockchain with respect to achieving a particular goal defines the use case of the cryptocurrency. A crypto use case describes the functional requirements of a digital asset from the end user's perspective.

Many gaming cryptocurrencies out there do not have uses more than being a reward token for the game, but the case is different for Splinterlands gaming ecosystem. The team is always on the look-out for additional ways for users to interact with an asset thereby creating a tangible market effect for the asset. Within the Hive blockchain layer 2 DEX, splinterlands assets occupy the top ranks in volme and market capitalization. One of such asset is the Dark Energy Crystals (DEC).

DEC - the Gaming Asset with Multiple & Growing Use cases

Dark Energy Crystals is the in-game currency token for Splinterlands play-to-earn NFT game. $DEC was designed to a soft pegged price of $0.001 USD. DEC is earned through gameplay or by burning unworthy cards in a player's collection. DEC is used to buy all sorts of items in the Splinterlands shop, including NFT packs.

The market forces - demand and supply- has always mounting a lot of pressures on the DEC price and makes it difficult to maintain its peg value. However, the Splinterlands team has been very intentional with innovating ways that drive more demand for DEC towards the peg value. Recently, a soulbound version of DEC known as DEC-B was created and sold out. DEC-B was purchased using DEC, thus helping to send out 3 billion DEC off the circulation. This helped pushed the price of $DEC from $0.0007 to $0.0009.

More use cases have been added for the DEC token as captured in yesterday's Splinterlands Town hall meeting report which reads in part as follows:

• Guild updates - guild buildings, general major update:
  -- Guild points when you burn DEC will be implemented and applied to buildings
• Governance proposals coming up:
  -- Selling Riftwatchers packs for DEC
• Splinterlands Promo card sale - May 2nd:
  -- Will need Vouchers and DEC to purchase

As we can clearly see that DEC would now be burned in Splinterlands guilds, Riftwatchers packs would now be sold with DEC and DEC would be used to purchase the soon to be released Splinterlands promo card.

In my assessment, the Splinterlands Promo card sale would draw more volumes of DEC than other two usecases introduced.

It is incredible that players would find more reasons to buy DEC which already serves as a DeFi token, in-market stablecoin and a discount token alongside VOUCHER for splinterlands products bought in the game's marketplace.

Buy more DEC for a Guaranteed 10% ROI

It is very glaring that the Splinterlands team is resolved to get DEC back to its pegged price and that means that buying the token now guarantees a 10% ROI when its pegs back at $0.001. This doesn't require staking except for DeFi staking which is instant unstaking as well as gives higher APYs. Fingers are crossed as to how long DEC peg would be possible but it is a sure to happen event.

Aggroed has been reported to say that with the developments coming to Splinterlands lands, the available DEC are never enough compared to the demands that would be generated.

Are you buying DEC now?

Splinterlands game is termed the "next generation of collectible card games" in which allows players to collect, trade, and battle with provably scarce digital collectibles with real-world value. Battles on Splinterlands Unlike most trading card games, are fast and furious, and are usually completed within few minutes. The Splinterlands gameplay is simple and easy to learn viz: reviewing combat rules, making and submitting of the team and watching the battle unfold.

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