In this video, I discuss the long term vision Matt initially laid out when introducing the SPS burn for DEC mechanism almost 3 years ago. The idea was to create so much indirect demand for SPS through demand for DEC that there would be constant buying pressure on SPS to buy and burn for more DEC to use in game. We are starting to see that now again after getting a preview of it during the Rebellion launch.
So far we've burned over 134M SPS out of the 3 billion total that will enter circulation - over 4%. As the token becomes more and more scarce over time due to this burn mechanic, the price should generally rise.
I use myself as a primary example of this. I have a certain amount staked that I don't plan to ever sell because it allows me to get cool rewards in the game. I'm sure many others are like this. Now as the price rises over time, maybe I become more flexible in how much I would let go but that price would need to be considerably higher than it is today. As the token becomes scarcer over time due to new sets and features burning SPS for DEC, that price goes up and more and more sellers emerge - but the idea is that theoretically this token could be on a long term uptrend as it will always have utility to earn rewards in game and I don't want to let that go.
It's exciting times here at Splinterlands hopefully we are at just the start of something awesome!
Join Splinterlands: https://next.splinterlands.com/register?ref=aftersound
Connect with me here:
Instagram - https://www.instagram.com/aftersound X - https://x.com/aftersoundmusic YouTube Gaming - https://www.youtube.com/aftersoundgaming
Stream my music here:
Spotify - https://tinyurl.com/y3bxc5rd Apple Music - http://hyperurl.co/aftersoundapplemusic YouTube Music - https://www.youtube.com/aftersoundband
Posted Using INLEO
great video. SPS paying dividends
Congratulations @aftersound! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 4000 replies.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP!LOLZ
lolztoken.com
A satisfactory....
Credit: reddit
$LOLZ on behalf of pompe72
(3/10)
Farm LOLZ tokens when you Delegate Hive or Hive Tokens.
Click to delegate: 10 - 20 - 50 - 100 HP@aftersound, I sent you an
For example if price hits maybe 1$ or so, indeed many would want to take profit because the money could be life-changing, but then having money and skin in the game will eventually give you more edge and unlock more realistic rewards.