Decentral Games Will Perform a 1:1000 $DG Token Split Following Unanimous Investor Approval By BTC Peers
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After unanimous investor approval, Decentral Games will conduct a 1 000 $DG Token splitThe token split is an interesting addition to the rapidly-evolving cryptocurrency market. It is similar in concept to stock splits of corporations and attracts new investors. It is also a great way to improve liquidity and market capitalization for your projects.
The new Paradigm is Token Splits
Many finance enthusiasts are familiar with the idea of a stock splitting. A stock split is often used to bring in new investors and increase liquidity. The price may move in a certain direction and there could be volatility on the stock market after the split. It is an affordable way to bring stocks to small investors. The result is that stock demand will grow as more investors invest in the companies. Prices will also rise.
A token split is another trend that exists in cryptocurrency. It isn’t a widely used method but there are interesting examples. The price of’s DOT token increased by more than 100% within a few days following its 1:100 token split. The individual price for DOT rose 800% during the first half 2021, which confirms that there are benefits to such a concept.
The token split was introduced by Decentral Games. This is a play-to earn platform and metaverse called Decentral. To split the token 1:1000, the team first consulted the community via a referendum. The split was approved by 99.5%, or $DG owners. This split will not impact the market capitalization for Decentral Games nor the market value the $DG assets. A $500 $DG token is worth $0.50, but investors will continue to have the same portfolio value by increasing the number of tokens that they own.
Splitting tokens has several advantages. It will make it easier to work towards a price rise in the future, as well as making the price per $DG token more accessible for mainstream adoptions. The split will also allow for a greater distribution of tokens to governance purposes. This will create a democratic, decentralized process that allows for more decision-making. Decentral Games has chosen to issue 1 million $DG tokens, which is extremely low. Given the way other tokens related to gaming are setup, splitting the tokens is logical.
Decentral games get an overall boost
There are several crucial takeaways from the Decentral Games (https://decentral.games/) token split voting. First, it is important to note that the majority of people voted for this idea. They clearly see the value in making tokens easier to access and distribute, for both governance and price purposes.
Anthony Miles, CEO of Decentral Games and Founder comments:
We believe that the $ DG community’s vote for the token split opens the door to a greater adoption of Decentral games in the years ahead. This will increase $DG’s mainstream accessibility and encourage greater participation in Decentral Games governance processes.
Decentral Games’ plan was communicated well by a second observation. As over 99.5% of $DG (https://coinmarketcap.com/currencies/decentral-games/) holders vote in favor, investors have little to no confusion. When dealing with innovative concepts like token splittings, it is essential to convey the message clearly and correctly. This decision may have an effect on price. Jason Fernandes, NFT Technology CBO weighs in.
When combined with correct messaging, a token split will almost always lead to a price increase in the long-term and medium term. Token splits are common in games, as gamers prefer to use whole tokens rather than fractions. The price of DG tokens will rise to $0.50+ after the split. This price is nostalgically appealing for those old gamers who used to play arcade games as children.
This Concept Has Been Tried and True
Lower prices are one reason why investors may be attracted to projects such as Decentral Games. A stock split is more likely to bring in investors due to the lower price. Even though the company’s market capitalization or overall valuation do not change, it seems that such situations are favorably viewed by our psyche.
Quantum (NASDAQ: ) Economics founder and CEO MatiGreenspan also adds
The price of shares and the market capitalization are not affected by increasing supply or decreasing the value per share. For some reason it seems to work almost perfectly every time.
Jason Fernandes says there’s more opportunity to increase the potential of $DG tokens by 20x. According to Fernandes, tokens with lower values are more psychologically friendly. Therefore, any token priced at cents will have a greater potential to grow in price than anything that is priced at a few dollars. Following the 1:1000 token redenomination of November 23, 2021, the $DG token is more readily available and will benefit from better marketability.
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