This post is a continuation of the Burning DEC series where we look a closer look what is the rate of burning the in game Splinterlands currency DEC.
How is DEC burned?
Here are some of the ways for burning DEC:
- Buying Potions
- Buying Orbs
- Buying Skins
- Guilds Upgrade
Other than this DEC has a lot of use case as buying individual cards, buying packs and the tournaments are paid in DEC. This use cases don’t burn DEC, but they provide incentive to hold some.
Before HF21/22 DEC was used for vote buying as well.
Untamed Era and change in rewards system
The Splinterlands game have entered the UNTAMED era. The new Splinterlands packs, were realized on November 30th. After a crowdfunding campaign on Kickstarter and Fundition players were finally able to open their packs, just after the season ending. In the last month there was a spike in the DEC burnt at the end of the month since a lot of the players were using potion to open the packs.
With the last changes in the reward system players are rewarded with potions and orbs as well. Orbs are quite rare to get but potions are very often. This means that buying potions with DEC should be even lower now, since payers are getting those as rewards. Basically, DEC should be used more in just buying packs. DEC used for packs buying is not burned. At least not now.
All time DEC Burned
Here is the chart for the all time DEC burned vs created.
Notes:The vertical Y axis is on a logarithmic scale for better readability. There are few days with more than 10M burned and those are cut from the chart.
The DEC Created line is the daily reward pool according to the anouncment from 
The DEC Burned line is the DEC sent to the 
Some ups and down in the last period.
Let’s see then monthly chart.
Daily DEC burned in January 2020
Here is the chart for daily DEC burned in January 2020.
Quite a bumpy ride in January for DEC. We can see that at two time DEC burnt was actually bigger than DEC created, and at few times the daily DEC burnt went down even below 100k.
The table.
| Date | DEC Burnt | DEC Created |
|---|---|---|
| 01.01.2020 | 279,604 | 933,500 |
| 02.01.2020 | 1,761,824 | 933,500 |
| 03.01.2020 | 864,592 | 933,500 |
| 04.01.2020 | 746,677 | 933,500 |
| 05.01.2020 | 231,395 | 933,500 |
| 06.01.2020 | 208,688 | 933,500 |
| 07.01.2020 | 271,654 | 933,500 |
| 08.01.2020 | 795,237 | 933,500 |
| 09.01.2020 | 89,269 | 933,500 |
| 10.01.2020 | 358,333 | 933,500 |
| 11.01.2020 | 69,684 | 933,500 |
| 12.01.2020 | 1,309,714 | 933,500 |
| 13.01.2020 | 1,146,634 | 933,500 |
| 14.01.2020 | 111,348 | 933,500 |
| 15.01.2020 | 79,903 | 924,000 |
| 16.01.2020 | 216,592 | 924,000 |
| 17.01.2020 | 187,832 | 924,000 |
| 18.01.2020 | 193,592 | 924,000 |
| 19.01.2020 | 276,649 | 924,000 |
| 20.01.2020 | 605,580 | 924,000 |
| 21.01.2020 | 394,533 | 924,000 |
| 22.01.2020 | 291,127 | 924,000 |
| 23.01.2020 | 348,247 | 924,000 |
| 24.01.2020 | 564,273 | 924,000 |
| 25.01.2020 | 347,047 | 924,000 |
| 26.01.2020 | 688,800 | 924,000 |
| 27.01.2020 | 447,748 | 924,000 |
| 28.01.2020 | 536,485 | 924,000 |
| 29.01.2020 | 778,416 | 924,000 |
| 30.01.2020 | 204,651 | 924,000 |
| 31.01.2020 | 127,962 | 924000 |
Monthly burns
Here are the burns summarized by month.
The first months, June and July have a significant amount of DEC burned and I guess those are months of stabilization. Starting from August things are stabilized around the 30M mark with very close numbers of DEC burned vs created. January has seen quite a low amount of DEC burned.
| Month | Burned | Created |
|---|---|---|
| May-19 | 100,000 | 12,000,000 |
| Jun-19 | 89,642,994 | 29,848,000 |
| Jul-19 | 60,712,100 | 30,544,000 |
| Aug-19 | 33,522,372 | 30,240,000 |
| Sep-19 | 27,148,858 | 28,012,000 |
| Oct-19 | 22,242,350 | 29,651,000 |
| Nov-19 | 25,746,043 | 28,575,000 |
| Dec-19 | 24,430,411 | 29,081,000 |
| Jan-20 | 14,534,090 | 28,777,000 |
As mentioned, January has low amount of DEC burnt. The introduction of the new reward system may have some effect on it, but that’s probably not the main thing. The reward system was change at the end of the month. The overall market situation is the main reason probably.
Maybe instead of burning players are using DEC to buy packs and cards :).
DEC Price
Here is the chart on DEC price in STEEM.
The price seems to hit a resistance and has dropped a bit in the last period. Although DEC is acting as a stable coin, and the option to buy packs for fixed amount of 2000 DEC is also in this direction.
All the best
Posted via Steemleo