GLX Staking with 76% staking APR

I have been following certain goals on this platform including SPS and GLX of course because both are the governance token of the splinterlands ecosystem. I know that both are different games but the Genesis League game is still under development however we are about to see it going live soon. As per the last update, the game is going to be launched this month so I am excited to see how is it going to be and what experience we are going to get with this brand-new game. This is the time when I am trying to accumulate both tokens since I believe the current price is rock bottom and we should not be missing the opportunities to grab as much as possible.

There has been some change this month in splinterlads with SPS because the team has implemented a reward multiplier which is why it is important to hold SPS in-game accounts for better rewards. this is good because now we can see the price going upside but it is not good for me because I wanted to buy more SPS at a low price. similarly, GLX is also available at a low price at this time and it is probably because of the no game in place however once the game is live then we can expect a significant rise in price.

20k GLX Stake

I have been accumulating all the tokens I received from the airdrop distribution and I also purchased some tokens from the market so this is how I am able to make it 20K in total. It is the governance token for Genesis League so as we have seen multiple use cases for sps so we can also expect the same with GLX. things take time to grow and I understand because once the game goes live then the real action will start. If you believe in the project and expect that it is going to do great then it is the right time when you can accumulate some tokens and it can be a great investment decision in the right project.

src

I know that the value of my portfolio in terms of dollars is not so high but that is not something I'm focused on instead quantity is something that is my priority this time. If I can build the quantity then I'm sure the value will be here once things are on the right track post the game launch.

APR is very good

As you can see in the above snapshot that the current APR is 76% and we are going to get this distribution for another 117 days. There are two things that we need to understand and these are- First, the apr is so good and with the low price of GLX, we can earn a good amount of tokens. Second, we are going to get this distribution for another four months approximately which I think is a good amount of time. This is not financial advice that I'm sharing but it can be a right decision to get some profits where we are quite sure that the ratio of profitability is high. I want to buy more GLX but because of the sps I am not able to do it however I am trying to arrange some funds so maybe soon I will buy a bigger bunch of GLX tokens which can be a good addition to my portfolio in this new game.

Gaming strategy

I'm not sure whether I'll be playing this game or not but I do not want to miss the opportunity when I can accumulate a good number of tokens or some other digital assets that can be more valuable after the game launch. We are in the early stage of the game where only a few assets are available for us to buy so this can be considered a good option or maybe a great opportunity for us to get benefited.

While I'll be trying to accumulate more assets because I'm sure there must be some market where I can rent out and generate some income like we do in the splinterlands. This way I will get the option to play later or even if my schedule does not allow then also my assets will be used by someone else which will be good for me as well as for the gaming ecosystem.

Next GLX Goal

I have increased my goal from 20K to 50K now and will be working on this to accumulate as soon as possible. this is the price chart for the token in which we can see that the price has gone down in the last 24 hours but overall it is going up because of the game launch announcement. I need to spend about 900 high to buy 30,000 tokens as of now so I will try to see how much I can since I'm also focused on SPS. I will continue to buy whenever there is an opportunity but in the meantime whatever tokens I generate through the reward or by the SPS taking are going to get added to my portfolio. This is how I will be following the reinvesting strategy on the game and it works well to grow the account faster.

src

This is what my plan is going to be with this upcoming game and as I shared my goal for the GLX so I am going to try to achieve this within this year. there is a lot for me to manage at the moment which I am changing this year and keep on sharing the updates from time to time so that I do not miss it and also focus remains the same on the accumulation side. It is a bear market and we need to understand that this is the best opportunity for us to build something which can be more profitable and a kind of great investment when the market will start to rise.

Thank you