$270k, plus has been burned.... by rehan12

View this thread on: hive.blog | peakd.com | ecency.com

hive-167922 · @rehan12 · Jun 5 '23

$42.34

$270k, plus has been burned....

<div class="text-justify"><div class="pull-left"></div> 



![Screenshot 2023-06-05 192407.png](https://files.peakd.com/file/peakd-hive/rehan12/23wgBMzgKtqhDoE1gqJbj1HRfbbFEh1nwP1h3J69fqewCZiAPaFg2du1XQv4Nu6RZUF8k.png)


The community of Splinterlands has responded very admirably towards the [5 Year event of DEC burn!](https://peakd.com/splinterlands/@splinterlands/splinterlands-5-year-anniversary-event) The event itself sounds pretty crazy! Burn an asset of the game by your own and help the eco system. Also there are different types of rewards allocated for the people who take part in the burning mechanism. A pretty crazy event arranged the by the team of Splinterlands. 



It has been almost a week, since the event has been initiated. While writing this post, total of `329,851,854 DEC` has been burned. Along with `DEC-B 154,024,567`. I am not going to include the price of The current market price of the total DEC burned during this period `Current price of 329851854 DEC is 767228.81536692 SWAP.HIVE ($270435.881756).` Pretty insane amount of DEC has been burned already. And the main shocking event that surprises me and the whole eco system is, all this DEC has been sent to null by the users of this community. 



<br>
![Screenshot 2023-06-05 175843.png](https://files.peakd.com/file/peakd-hive/rehan12/23tkjugsvS2ojdo5oCZNpp2as7bgcDLN61rDWncmx4LKyHi2FbTVYBUQZ5QiLrrbEEHQP.png)
These are real money which has been burned for the support of the eco system. Splinterlands has sure come a great way to see this day. And there are 24 or more days remaining to see the actual burn of this event. 
<br>
I have been facing an issue lately. The crisis of buying DEC! As surprising as it sounds, when I tried to buy DEC it has been a hassle on its own. Let me illustrate the situation little bit. 


Upon trying to figure out where is the best place to buy DEC, I tried out pancakeswap. But my oh my when you buy small amount of DEC from Pancakeswap, the difference in price might not effect you that much but considering a little big figure the impact of outcome does gets bigger and bigger. 
> #### Pancakeswap
___
If I want to purchase DEC from pancakeswap, I would have to pay quite a hefty amount of fees. In addition I will get quite a less amount of DEC compared to the $ amount, that I would be paying. Almost loosing $150 along the way, quite instantly. Quite an absurd deal, I would say! 
___
![Screenshot 2023-06-05 183625.png](https://files.peakd.com/file/peakd-hive/rehan12/23tRvaK38TQnF1q95p5s1q1MbbkBi1iwZifJDt8KfoY85rCMJf5G9dX9iW3WuNNv6d1Gk.png)
<br>
> #### Tribaldex
On the other hand, if we buy the same mount of HIVE and try buying DEC from Tribaldex, this is the out put that we will be able to see. $5000 worth of HIVE and we will end up getting almost 6071994 DEC. I do not have to pay gas fees and also the out put is not great of a difference. 


![Screenshot 2023-06-05 183737.png](https://files.peakd.com/file/peakd-hive/rehan12/23tkfcd2Xx4gUnaMnkoNG4eTxQB3Dt2KNPhPo76To5esfqxUyWH3eQgCYrEEeYrxy5VPw.png)
<br>
Upon comparing, we can see with $5000 I will be able to obtain `5999009` and with the same amount (converting it to HIVE) and upon buying from Tribaldex I would get 6071994 DEC. And additional amount of 71000 DEC. An additional amount of $58 approximately. Buying DEC from pools is not that much beneficial indeed. But the market of DEC is squeezing and its becoming difficult to purchase DEC as days are passing by. Maybe the effect of it is small but the outcome of this impact will be seen in the long run. 
<br>
Yes, there is an option to buy DEC from Hive-engine but come on! Best of luck with all the bots running in there. You will hardly be able to buy DEC in your desired price. And the price of HIVE does also makes an impact in this matter. Although, I do prefer buying from Tribaldex instead of pancakeswap. As little extra bit of DEC/SPS does really helps ;) 
___
___
Have you faced this issue, of where is the best place to buy DEC/SPS?
___
<sub><sub>*Image sources: Pancakeswap, Tribaldex, Splinterlands*</sub></sub>
<br>
##### Best regards 
###### _Rehan_
___
#### <center>**Want to play & earn from Splinterlands**</center>

### <center>[Join via, My Referral link](https://splinterlands.com?ref=rehan12)</center>


![Screenshot 2022-11-04 220516.png](https://files.peakd.com/file/peakd-hive/rehan12/23w2kygMwwSb4m3jTx3CXSMCBNsbeSKS1EGx7VjGNuvPakNcxZQgM1ZaoAjxSWNLjPNoZ.png)
___






___
<center><a href="https://twitter.com/Reehhan12"><img src="https://files.peakd.com/file/peakd-hive/rehan12/XqKrApKr-7ohP4GDMGPrUMp8dW6yuJTR9MKNu8P8DCXDU9qmmoBC5dmBr1xaQLfG7QeX7AN16ctCSPVhq7KXr7R8NWtoCsm8MM4rJvWjv88Y5.jpg"/></a></center>

Posted Using [LeoFinance Alpha](https://leofinance.io/@rehan12/270k-plus-has-been-burned)

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@aftersound · Jun 5 '23

It's crazy how much we've burned so far. The liquidity issues are very real though, and this is why we need to get the SPS value higher to incentivize more liquidity so these swaps aren't having a huge amount of slippage.

👍 rehan12

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@rehan12 · Jun 6 '23

Yup! I suppose this issue will get solved (hopefully) once we see SPS getting listed on some reputed CEX. Till than we just need to be aware of such big transactions!

👍 aftersound

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@aftersound · Jun 6 '23

Well look at the SEC going after Binance now - do we really want a listing that will put us in their crosshairs? I'm fine staying on DEXs but we really need the team to figure out SPS utility because there is no reason for people to hold on to it. SPS staking requirements will help, but it won't be enough IMO.

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@bdvoter.cur · Jun 6 '23

---

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<center>**DELEGATE HIVE POWER TO BDVOTER & EARN HIVE DAILY.**</center>


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<center><sub>**FOLLOW OUR HIVE AUTO [CURATION TRAIL](https://hive.vote/dash.php?trail=bdvoter&i=1) & CHECKOUT OUR [HIVE BLOG](https://peakd.com/@bdvoter.cur/posts) & [TWITTER](https://twitter.com/BDVoter) PAGE FOR DAILY CURATION REPORT**</sub></center>

properties (22)

`author`	bdvoter.cur
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`category`	hive-167922
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`created`	2023-06-06 12:58:30
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`beneficiaries`	`[]`
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@indiaunited · Jun 5 '23

Indiaunited Curation 1685972932171

This post has been manually curated by @bhattg from Indiaunited community. Join us on our [Discord Server](https://discord.gg/bGmS2tE). 

Do you know that you can earn a passive income by delegating to @indiaunited. We share more than 100 % of the curation rewards with the delegators in the form of IUC tokens. HP delegators and IUC token holders also get upto 20% additional vote weight. 

Here are some handy links for delegations: [100HP](https://hivesigner.com/sign/delegateVestingShares?delegator=&delegatee=indiaunited&vesting_shares=177464.8304562395%20VESTS), [250HP](https://hivesigner.com/sign/delegateVestingShares?delegator=&delegatee=indiaunited&vesting_shares=443662.0761405986%20VESTS), [500HP](https://hivesigner.com/sign/delegateVestingShares?delegator=&delegatee=indiaunited&vesting_shares=887324.1522811973%20VESTS), [1000HP](https://hivesigner.com/sign/delegateVestingShares?delegator=&delegatee=indiaunited&vesting_shares=1774648.3045623945%20VESTS). 

[![image.png](https://files.peakd.com/file/peakd-hive/bala41288/46eaz12N-image.png)](https://discord.gg/bGmS2tE) 

<sub>**100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.**</sub>

properties (22)

@pizzabot · Jun 5 '23

<center>PIZZA!


$PIZZA slices delivered:
@rentmoney<sub>(2/10)</sub> tipped @rehan12 


</center>

properties (22)

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`category`	hive-167922
`json_metadata`	"{"app": "leothreads/pizzabot"}"
`created`	2023-06-05 14:15:18
`last_update`	2023-06-05 14:15:18
`depth`	1
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`total_payout_value`	0.000 HBD
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`body_length`	98
`author_reputation`	7,810,079,531,701
`root_title`	"$270k, plus has been burned...."
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	124,177,674
`net_rshares`	0

@rentmoney · Jun 5 '23

$0.02

Interesting, I need to get caught up on my Splinterland news.

!PIZZA

👍 dustbunny, rehan12

`author`	rentmoney
`permlink`	re-rehan12-202365t111452158z
`category`	hive-167922
`json_metadata`	{"tags":["hive-167922","leofinance","splinterlands","spt","dec","neoxian","life","hive-gaming","playtoearn"],"app":"ecency/3.0.32-vision","format":"markdown+html"}
`created`	2023-06-05 14:14:51
`last_update`	2023-06-05 14:14:51
`depth`	1
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`last_payout`	2023-06-12 14:14:51
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.010 HBD
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`body_length`	69
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`author_curate_reward`	""

properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
rehan12	0 B		3,387,344,947	6%
dustbunny	0 B		55,588,649,067	16.75%

@rehan12 · Jun 6 '23

Pretty crazy things are going in here indeed!

properties (22)

`author`	rehan12
`permlink`	re-rentmoney-rvtger
`category`	hive-167922
`json_metadata`	{"tags":["hive-167922"],"app":"peakd/2023.6.2"}
`created`	2023-06-06 05:25:42
`last_update`	2023-06-06 05:25:42
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`root_title`	"$270k, plus has been burned...."
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	124,199,969
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@splinterboost · Jun 5 '23

 <center> This post has been supported by @Splinterboost with a 12% upvote! Delagate HP to Splinterboost to Earn Daily HIVE rewards for supporting the @Splinterlands community!</center> 

 <center> [ Delegate HP ](https://peakd.com/@splinterboost)  | [Join Discord](https://discord.gg/RK4ZHKmgcX) </center>

properties (22)