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The GLX APR is too good to resist

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Belemo
@belemo
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When I first heard about the Genesis League Sports project, I thought it would be huge but I also wanted to sit out the project However, one random day, I decided to buy a few thousand of the token when it was dirt cheap and before I knew it, it pretty much 50Xed in front of me.

As if the 50X wasn't sweet enough, I was also earning GLX tokens from staking and this was at a ridiculously high APR. Things were so good back then that the GLX I earned daily from staking was more valuable than my initial investment when it was very cheap.

I made a 500IQ play without even knowing it and my genius at the time was very instrumental in my life as times were hard. The GLX pump was very nice and I enjoyed it while it lasted.

When the pump cooled down and the token started heading towards the same range as SPS, I had already pulled out most of my stake and converted to HBD. I sold on the way down, so once again, I still made a profit long before it even dropped to 3 cents.

I still held a few hundred tokens staked but didn't really have big plans for them. I only just held those tokens because I generally don't ever zero any of my wallet.

Staking again

When I made the decision to pull out most of my GLX tokens, it was about taking whatever little proit had come from my move. However, as the token price continued to plunge into the abyss, I felt a sudden urge to add to my stake, and that's exactly what I did.

The first thing I did was swap some Hive I earned from a gig for GLX tokens. At the time, the price of GLX tokens was around 1.9 -2 cents and I felt like that was too good to resist. So I bought up to 11k units of the token and started a proper farming operation.

The reason I decided to double down on my GLX stake was pretty obvious. I wanted to take advantage of the high APR. At the time I wrote this publication, GLX token was trading lower than SPS but it still offered a much higher APR from staking.

So, after staking 11k GLX tokens, I unstaked my a fraction of my staked SPS tokens and moved it all to GLX staking. This move has been largely rewarding because in the days that have past, GLX dollar value has marginally flipped SPS token.

Right now, I'm already up to 24,400 GLX tokens staked, after pulling out my stake in other staked projects with less than impressive APRs. On top of that, I converted some of the GLX tokens I earned into GLUSD, and used it to buy packs that I also staked.

Funds were raised through adjusting my position in other projects, so all I did was tweak risk, rather than outrightly "buy new risk".

I don't know what the future holds for the Genesis League Sports project but I'm feeling quite positive about it, so I'm throwing some weight behind it. I'll be keeping my fingers henceforth and continue accumulating.

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