LeoGlossary: Dark Energy Crystal (DEC)
SplinterGlossary: Dark Energy Crystal (DEC)
Dark Energy Crystals (DEC) is one of the three tokens of the Splinterlands ecosystem, together with SPS and VOUCHER.
If we count the SPT token rewarded for blogging on Splintertalk (or by using the 'spt' tag), that's four tokens.
It is designed as the stable token of the ecosystem, while SPS is free to be volatile.
DEC is the transactional token of Splinterlands by design, while SPS is the governance token.
Ideally, 1000 DEC should have a loose price of around 1 USD, per design. That is the shop value of DEC when purchasing products from Splinterlands directly.
A burning mechanism of 1 USD worth of SPS for 975 DEC exists, to prevent DEC from pumping above its intended value.
If the price of DEC is below the shop value and there is demand for Splinterlands products, this should incentivize purchases because there is a growing discount, the lower the price of DEC.
DEC can be used to:
- buy products from the primary market (from Splinterlands)
- buy and sell cards from the secondary market
- rent cards from the rental market
- upgrade guild buildings
- add to liquidity pools on Hive-Engine, BSC, and Polygon, and earn rewards
- in various sinks on the land expansion
Posted Using LeoFinance Beta