The scalability of the Hive blockchain infrastructure makes it possible for projects built on it to get creative and flexible. Splinterlands is one play to earn project on Hive that has continually evolved in it's design and use cases over the past Five years of its existence. The Splinterlands team readily tweak the player engagement options in the game to cater for profitability and sustainability of the related assets.
Moving from a battle game to an ecosystem that covers NFTs, DeFi and presently metamorphosing into a metaverse with several earning and investment opportunities. In all of these, there is a deepening iteration to increase usecases for assets in the Splinterlands ecosystem. In the recent past, Splinterlands has been very intentional with getting Dark Energy Crystal (DEC) to its soft peg of 1,000 tokens per US dollar and that is to help stabilize the Splinterlands internal market.
Dark Energy Crystals (DEC token) is the in-game currency or transactional token for Splinterlands play-to-earn game. It is designed as the stable token of the ecosystem. DEC for me is a discount asset in the Splinterlands in-game Marketplace. More usecases for DEC means the stability of the splinterlands internal market.
One of the latest usecases created for DEC is burning it to mint Guild Power (GP). Guild Power is a soulbound asset useable in Splinterlands Guild used for to levelling up a player's building within a guild. Splinterlands Guilds fight together, grow together, and use their combined resources to earn additional value, including DEC bonuses and discounts on various Splinterlands purchases. Guilds on Splinterlands is a great way for players to collaborate in gameplay. More about GUild Power can be read here.
With the growing number of guilds and guild participants, Guild Power has become a powerful sink for the DEC token. Guild Participants would see the need to burn more DEC into GP to be able to increase their rewards every 7 days of their participation in guild battles. We are hopeful this development will make DEC's journey to its soft peg to be be shorter.
Recently, Splinterlands announced DEC Batteries (DEC-B) as a soul-bound DEC-type token to serve as a burn sink for DEC while also creating a profiting opportunity for investors and holders. The major use cases for DEC-B tokens are building Upgrades in lands, maintenance, and Boosts in the Land Expansion, future "mini-editions" (such as Orbs, Dice, and Riftwatchers) and Skins & Cosmetics. Based on the 20% discount at the time of DEC-B offer, every investor holding DEC-B has an upfront profit of 20%.
Having accumulated some DEC and DEC-B tokens during the discounted sales times, I found it smart to utilize a part of my DEC-B token to participate in the Splinterlands 5th Anniversary burn event. Celebrating this novel play to earn game is crucial especially as it has made many of its players rich. Many are drawing a daily living from Splinterlands passive and active engagement earnings. Five years is not Five months and its a great milestone for the leading play to earn game.
Burning 3,000 DEC-B/DEC token is just my little contribution to the bullish future of Splinterlands market. Cool, the burn earns me 3,000 Guild Power for participation in Guild Building while also granting me some points for possible rewards to mark the game's fifth anniversary.
Today, I burned 2,000 DEC-B and 2,000 DEC to mint 2,000 Guild Power for better participation in Guild building as well as position myself for greater rewards. I can't tell how much of the $100k reward pool I can bite from this burn, but there is still 6 days more to up my game in DEC/DEC-B burn. Staying above the top 1k ranking would be a fair deal. I had missed the early days of this burn event where I could have earned 3 points per token burned, but, it's better late than never.
You want to learn more about Splinterlands, SplinterGlossary is a hot reference center for you.
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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