Splinterlands - Rental vs playing vs DEC price
Splinterlands is one of the top games on the Hive blockchain. I would even say that it is one of the top games in the blockchain realm. Some changes the game brings are exciting from time to time. For some reason, if a project says they are introducing a sink to their tokens, I find it interesting. Recently Splinterlands team made an announcement saying that the rental listing is not going to be free anymore. They are going to be charging 1 DEC per listing. It is not going to be per transaction but per card.
I personally welcome this change for the very reason that it is a great sink for DEC. I don't know who thought about this but this is one of the best things that happened recently. Instead of introducing more and more tokens in the game, bringing a sink to an existing token is always very interesting. So this idea is very good. There are a few reasons why I think this idea is very good.
People might think that 1 DEC is not much
I initially thought this might affect my renting but later I thought that 1 DEC is not going to be much. I don't think there would be more than 100 price adjustments per day so hopefully, it might be 100 DEC per day. I'm also thinking that even if it is 300 times, it shouldn't matter much as long as it can yield me 1000 or more DEC per day. I'm also thinking that people might stop using the bots that would do the price adjustments more frequently.
The rental service providers are also aware of this change and I'm sure they might come up with some strategy to keep a check on the DEC being consumed because of the rental listing. The team said that the DEC would be automatically deducted from the internal wallet whenever the transaction happens or the listing happens. I was also thinking maybe it was possible to somehow find out how many transactions I'm doing per day from my account for rental listing with the help of Hive SQL. I will try to write a query for the same when I get a chance.
Getting started with playing the account
Rental income used to be one of the best passive income from the game and I still think that it is a good source of passive income from the game. Many people have started thinking that maybe playing their own deck again is better than renting the cards out. This can reduce the number of players renting their cards in the market and the DEC fees can also make sure the price of the cards is not adjusted multiple times in the market. There is a high chance that this can improve the listing price in the market.
When many people start playing the game instead of renting their cards out, there can be a demand in the market for the cards and if the demand increases, the price of the cards or the value of the cards might also increase. This can be a good thing for people who stick to rental income alone. I don't know the reality or cannot think about it right now but I'm anticipating that something like that could happen.
DEC price will improve
There are several thousands of cards being listed in the market every single day. There is a high possibility that people might either stop updating the price more frequently or people might reduce rentals and start playing the game. Either way burning several thousand DEC per day is definitely a great thing for DEC. I'm sure this can act as a good sink for the token. This will not only affect the price of DEC but also the price of SPS too because people purchase DEC to rent cards from the market by transacting with the SPS they earned from the game. So there is a high chance that not only DEC but SPS prices might also improve because of this sink. We will know only after this change goes live. Let's wait with patience and see how it goes.
If you are hearing about Splinterlands for the very first time, you can use my referral link to play the game.
https://splinterlands.com?ref=bala-sm
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
Vote @balaz as a Hive Witness
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