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My Strategy with $GLX token - 10K+ Staked & Compounding...

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@gungunkrishu
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Hey All,

GLX is the governance token of the game GENESIS LEAGUE SPORTS and currently the game is in the development state. The Sale of the GENESIS LEAGUE SPORTS cards pack is still ongoing and we have close to 176K7+ Packs remaining to be SOLD out. Each pack contains 5 cards that are randomly selected and cost around $5 per pack. Card packs will be featuring your favorite players from the Major League Soccer Players Association; with various stats in the game play.

Frankly speaking to date, I have not bought the packs but I am inclined to buy at least 100 Packs in near future before the SALE end. Last, when I had funds I did redirect them to buying $SPS.. Sold all $DEC rental income to buying $SPS. A quick note here, we still have $GLX token Airdrop ongoing and this is will go on for a couple of more months. Folks eligible for the Airdrop are the ones who have staked their Splintershards - $SPS tokens; which is the governance token of the game Splinterlands... Following is my $GLX stake approaching 10K+ mark pretty soon in a day or so.

MY Current $GLX Stake

I started with selling my $GLX token when the price was high. It did benefit me as I diversified my portfolio a bit by buying tokens like $SIM, $LEO and a bit of $HIVE as well. Here is snapshot of selling $GLX in the month of November, 2022::

The plan for $GLX in November, 2022 was to get to a point of having 5K+ $GLX staked. Here comes the crypto winter and the price of $GLX tanked and here it is trading at $0.03+cents now. Definitely, I stopped selling much earlier and started to stake all the $GLX being Airdropped. I also did some bulk buying of $GLX token in between and that brought my overall stake now closing the 10K+ mark. Therefore, I filliped my strategy from selling to staking and at the moment continue to do so.. The next level target set for $GLX staking is 20K+

GLX Staking Rewards & APR

As seen from the above image, I am getting 68+ $GLX tokens daily as rewards for staking. Not a bad deal and I get 120+ $GLX via the Airdop as well. All of these tokens are staked daily for compounding purposes. No point selling them cheap better take the advantage of compounding now and later reap the benefits. Its good to see the daily rewards worth $2+ and the APR of 272%. Currently, we have 36 Mil. $GLX tokens staked out of 1.022 Bil. current total supply. I am skeptical that we could not see immediate price pump of the $GLX token. Considering the total liquid $GLX tokens available in the market; where we have 985+ Mil $GLX tokens available. A bit of a price action seen, we could see heft selling pressure. So until we see more $GLX locked in staking the price of $GLX isn't going to shoot to moon so fast/immediately...just my 2 cents here...

Finally, there are no plans of unstaking or selling any of the $GLX tokens that I receive daily. But would rather continue to enhance my stake in $SPS that would mean more $GLX reward. It doesn't seem to be a wise move to sell $GLX at these all time low levels. Rather will wait for some more funds to accumulate i.e. my rental income and will see the right opportunity to buy in $GLX in bulk so as to get more closer to staking 20K+ $GLX tokens. I am in no rush and until then will continue to stake and just stake and keep building up my portfolio for both these tokens i.e. $SPS and $GLX and try to get to my associated magic figures for both the tokens. $SPS staked GOAL of 300K+ [new revised GOAL] and $GLX staked GOAL of 20K+[new revised GOAL] from 5K+ earlier...cheers

GENESIS LEAGUE SPORTS - My Strategy with $GLX token - 10K+ Staked & Compounding......

#glx #sps #rewards #splinterlands #sps #stake #rewards

Image Credits:: hive-engine, genesisleaguesports, splintercards

Best Regards

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