THE MORE YOU KNOW! The future of DEC?
Maybe, this is not news to some of you, but for me...as semi-noob looking to maximize my time and money in Splinterlands, that was a VERY informative piece of information(not financial advice).
I had heard from a couple of content creators, regarding DEC, they were noticing the price of DEC slowly rising and but had not speculation as to why other than the recent surge in popularity of the game. Made sense to me. I dumped some $ into DEC to one HODL it for boosted SPS drops...and ride price the increase for a while. Well, after listening to Dwayne Cunningham's recent video, I feel much more informed as to how DEC will look going forward.
Dwayne's been pumping out some amazing practical tips for profiting in Splinterlands, and the info in his newest video on DEC Price Appreciation? made a lot of sense. He goes over an excerpt from a recent AMA where the devs talk about DEC.
DEC was designed to be an algorithmic stable coin for Splinterlands. When the price goes up they will print more coins to bring the price back down. This is why you may have noticed the amount of DECs has increased in your Ranked Battle rewards.
Are you hoarding DEC outside if boosting SPS airdrops? With DEC being a stable coin and knowing that it is designed to come back down, will you be holding more when the desire for SPS drops declines. While I'm not here to offer financial advice, I hope we are all more informed now.
Here is the full video
https://www.youtube.com/watch?v=gpzDOP-u7Hk
-ThaddeusPrime
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