GLX - I am a happy camper after I bought 1 GLS Validator Node

The GLS Validator License presale just kicked in and as planned I succeeded to grab 1 Validator Node pretty fast for $1,000 GLUSD and 500 GLGT. With it, the players holding one, have now the chance to be a part of the game by running infrastructure nodes, which will process transactions for the game. While this is a long-term investment considering the slow return for around 1 year or more, I still believe it is worth doing as this sports platform has huge potential and because we are very early in its inception considering that we haven't even seen the game yet. When the game launches I expect a lot of hype around it and users rushing from different ecosystems as this will become the ultimate ALL SPORTS platform on the Hive blockchain and beyond.

At the time of writing this post, there were already 80 GLS Validator Nodes sold out of 1000, which resulted in 920 GLS Validator Nodes still available on the market. When I published this post there were just 818 GLS Validator Nodes remaining, showing the appetite for players and early investors to get on board on a play2earn sports platform like never before. Still, having just under 200 Validator Nodes sold, means more rewards in the beginning, so lucky me.

My next move was to stake my 1 GLS Validator Node, which started harvesting tokens right away as I was an early buyer. While I already have GLX tokens coming in from Packs, SPS Airdrops, and staking, probably I will continue to stake all of these, while with the rewards from Validator Node, I will start trading on the market in order to recoup part of the investment.

When it comes to rewards and as mentioned in the GLS Whitepaper, there are 100,000,000 GLX tokens that are allocated for 65 months to a reward pool for GLS Validator Node operators. That means approximately 51,280 GLX tokens will be rewarded daily to GLS validator node operators. 10,000,000 GLX (10%) of the total rewards (approximately 5,128 per day) will be allocated as block validation rewards for the accounts that receive staked GLX votes and are assigned specific blocks to validate, and the remaining 90,000,000 GLX (90%) will be split equally between all of the license holders that are actively running the node software. In addition to the GLX rewards, a new pool of 2,500 GLGT tokens per day will be created and allocated to GLS validator node license holders in order to provide further incentives for purchasing licenses and running nodes. This pool will also be allocated equally per license to all holders that are actively running a validator node.

Earning both GLX and GLGT should ensure a fast investment return which will only be slowed down by future sales of GLS Validator Nodes. But until that happens, I will simply enjoy the early rewards and try to make the most of it.

What about you, did you buy any GLS Validator Nodes?

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