Buying votes with DEC ended on September 30th . This was one of the popular ways to BURN DEC.
How does this affect the DEC burn rate? Are there any changes?
Apart from the above mentioned there are still many ways to burn DEC. You can buy orbs, potions and skins with it. The guilds need it for upgrades. The tournaments prizes are now payed in DEC.
The Splinterlands/Steemmonsters Beta packs were sold out on October 7th , or 22 days ago. Although the DEC for buying packs is not burned, it still a great utility for the token. There is an option to buy Untamed packs with the DEC but this is probably done less than the Beta packs. That series is still not out yet and cannot be used at the moment.
The DEC token is non stackable token so to speak. There is no benefit to hold it (except speculative 😊). This means that it requires a lot of use cases and burns for it to maintain its value. Burning tokens or creating sinks is essential.
The DEC token was launched starting from 05/20/2019. An overview will be made on the tokens burned starting from that day until today. All transaction to the @null account will be presented on a daily basis.
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 @steemmonsters a 1 million per day and going down 1% each 30 days. It doesn’t include the DEC created from burning cards.
We can notice that there is a small drop in the last days of the chart. Lets see the monthlychart.
Here is the monthly chart.
October is not over yet, the data is till October 27th.
The first months, June and July have a significant amount of DEC burned and I guess those are months of stabilization. August and September are stabilized around the 30M mark with very close numbers of DEC burned vs created, although in September there is slightly more DEC created than burned.
October is not over yet and the data is till October 27th. In this period, we can see that the amount of DEC created is bigger by DEC burned. 25.8M vs 20.1M. Until the end of the month this number will be bigger somewhere in the 3M to 4M range.
This means that October will probably end somewhere around 6M more DEC created than burned. As already noted, the DEC from burning cards in not taken into consideration, and also the @steemmonsters account is doing the final transfers to null. They may have different dynamics that may also affect this numbers.
The overall picture is that removing the vote buying has reduced the DEC burning somewhere around the 5M mark.
Here is the last 30 days chart.
And the table.
|Date||DEC Burn||DEC Created|
DEC Created is calculated as already mentioned above excluding cards burns for DEC.
All the best