So all it took was one cheeky announcement from @aggroed in the Splinterlands Discord a couple of days ago....
And lo and behold the decline of DEC to below $1 per thousand stops and were' back up to around the $1 soft-peg.
The way they're doing this is by allowing the purchase of Chaos Legion packs for either $4 or 4000 DEC, so it makes little point selling DEC for less than that price.
This will only last as long as the CHAOS packs last, but that will probably be a good few months yet, quite possibly all the way to the end of 2023 the rate things have been going.
So until then we've got a reliable token to hold onto which SHOULD remain pegged to $1 per a thousand.
I'm also thinking the Splinterlands team might well release some DEFI options rewarding pooling DEC with say Hive and SPS, rewarded probably in SPS, it's in the roadmap for SPS after all.
So that might open up the possibility of actually holding onto DEC in the medium term (the rest of 2022) rather than just spunking the whole lot on Chaos Packs once the SPS drop is done.
In the longer term who knows whether DEC is a hold or not...
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Hey - interesting article, and glad to see DEC pegged, but how do you buy a Chaos Pack for 1000 DEC? Went to the Splinterlands shop and can't find the option. Thanks
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I meant 4000 DEC! typo!
Yep - and I ended up finding the other half of the puzzle; they're not on sale for another few days with DEC. But the price of DEC is above $1/1000 now - not a lot of reason to use DEC then! ;)
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Probably not worth spending any until the SPS airdrop is done!
4000 Dec, but you have the right idea.
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Think it should be 4000 DEC per pack but your right. People will start picking some up with their rewards from this.
The biggest problem is there are too many cards to collect now and not enough funds.
I would like more packs but still want all the chaos legion and all existing cards at some stage.
Not enough funds for everything.
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Oh yeah, typo spotted!
It will still probably be cheaper to just buy off the market.
And yes there are so many cards.
Ya. I've opened a good few packs but very few of them were worth the value of the pack itself.
I've just been buying up cards straight for the past while but mainly the cheapest ones. It will take a while to max out those higher level ones.
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Interesting and hopefully this move by the Splinterlands team will stabilize the price of Dec for now.
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Seems to be already working, you can see the 4000 DEC option in the shop already for Chaos packs, just can't click it yet!
I fancy a few more packs too!
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That’s great!
I am under water in my SPS, but still have faith in the longterm prospects of the project.
How’s Portugal?
How do you mean by under water?
Portugal is great, getting hot!
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I bought SPS high and rode it down during the Monster Card airdrop :(
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