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Re-Analyzing My Decision on Genesis League Sports/Goals

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Adrian
@gadrian
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I saw yesterday in Zoltan's goals post (@ph1102) that he set GLX as one of his few public Hive goals for 2023.

Since I am benefitting from a significant GLX airdrop and I was very active early on claiming and staking, before there was publicly available automation for that, I could have been in his shoes aiming for a sizeable stake in GLX.

What I did instead, was to sell a big portion of it. Even now, I keep selling regularly a smaller portion that is on continuous power down. The profits went into stables, HIVE, and the Splinterlands ecosystem (the latter especially now that the GLX price dropped).

After reading his post and our exchange of replies I analyzed again if I had taken the best decision, from my point of view.

I still don't think I am wrong, but that may differ for you if you have different goals or planned it differently.

What was and still is my analysis?

The Pros:

  • new platform (GLS), fresh start (great for someone who feels disadvantaged for starting later in Splinterlands)
  • improved tokenomics compared to SPS
  • Splinterlands learned from mistakes already made with the existing platform

The Cons (for me):

  • new platform, doesn't guarantee success (higher expectations, less patience from the start - two things that are radically different than the Splinterlands beginnings - the team grew and evolved too, of course)
  • full in or out (if you are not full in, it's not worth it)

Starting from these pros and cons, I judged my situation.

I am an early adopter of Splinterlands and quite heavily invested in it, without being a whale.

Yes, my SPS stake guarantees me a good chunk of GLX and GLGT airdropped daily, but that is NOT enough.

The GLX rewards, like SPS rewards, will come from many sources.

Two of them are active already:

  • staking rewards
  • rewards for holding GLG packs

Once the gameplay starts for GLG, there will be gaming rewards too.

I don't have any GLG packs. Without them, there are no rewards for holding, obviously, and will be no rewards for playing, unless I rent cards out, which I never very rarely do.

So, even if I would have pushed hard to grow my GLX stake early on and would continue to grow it, the further the platform develops, the more disadvantaged I would become compared to people using it fully.

Source

Why didn't I get in fully then? The answer is simple: I don't have the funds to be competitive in everything, not even in everything Splinterlands launches.

I will continue to slowly grow the GLX stake while the price is low because there is a good chance they will be valued higher at least for a while when GLG is launched and on other occasions. But I wouldn't be competitive on the new platform, that's why I consolidate back to Splinterlands, where I am competitive.

I may have been passed by a huge opportunity by doing that if GLG - and implicitly GLS - will be highly successful. But every opportunity has a cost. And this one had a too higher cost for me.

Posted Using LeoFinance Beta