My Journey of GLX token Accumulation and Long-Term Strategy

Its been a while since I did not talk about the GLX tokens and like sps, this is the governance token for the genesis league game. I hope most of us are aware by now that with governance tokens there are some additional benefits involved. There are certainly additional benefits that are provided to the holders and governance is one of the part where those people can approve or reject something that has been proposed by the team or even by the community. For example we have seen multiple proposals in splinterlands to implement some changes in the game and we also get the option to support or to reject the proposal. This mechanism is live in this printer lands game already and I often get to see the notifications of active proposals.

Similarly GLX is also going to be the same and I believe once the game is on better level then team will enable this functionality. There are multiple things that are planned in the game and now we also have the Genesis League game available for the gameplay however it is in the beta as of now. I have not checked it yet that how it is working but got some feedback from other players that there are certain bugs that team is trying to fix so I'm sure in next few weeks it is going to be a great game after the bug fixes. It is obvious to experience some difficulties or bugs in the beginning but because the team is on it so they will make it better

GLX token price

I believe there are lot of people who are yet to try the game because maybe they are not aware or even for the different reasons they have not checked out how the game has been working after the launch in beta. Like I said that I also did not get the chance to cheque it out but maybe soon I will try to do to see how it works and what are some fun elements that I expect in the game.
While I do not play the game but still I accumulate all my tokens that are generated as part of the SPS holding. In fact I have set it up on auto so I do not need to claim the tokens manually and deposit because all this is taken care by the technology and this saves time. last I checked my account when I had approximately 20K tokens in total but when I checked today it was much higher than that.

There it's some increase on the price but it is not much and this could be because the game is still in beta and lot of people are not even aware. I anticipate that once more people starts playing the game then the demand for the token will increase which can be seen in the market so I believe there is not much time left to see that happening.

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GLX APR and My Holding

here is the snapshot of my holding whereas I am holding more than 23K GLX and counting. Whatever I earn is deposited here automatically and is also earning 70% APR which I think is very good. I know that this APR will continue to fall and when more people will be part of the game then it will drop even more but at the current rate I'm very happy. The distribution is going to be continued for another 91 days which is like three months so out of the period for twelve months nine months are gone by. The remaining three months is the time when we can accumulate more tokens if we grow the SPS holding and since I did so that helped me to have more GLX as part of the distribution.

I have no plan to sell Glx real soon instead I would prefer to buy some at later time because I expect to have at least 50 k glx in my account. This will help me in the game when I will play and at this moment I'm not sure whether I will be playing or not because it totally depends upon my schedule and how familiar I am going to be with this new game. I am very happy to be part of the card game because I know the game now and for this new game initially I will have to spend some time to learn and understand more about it.

My plan for the glx is almost same as sps and I want to build a better holding with long term approach because I believe the game is going to do well but it might take some time. If it does not take much time to grow then it is anyways good but if in case it takes then also it is good because I already have my mindset ready to deal with the situation. Profit booking can be one time incident which I do not want to do instead generating some passive income can be a great idea which I expect to achieve on the blockchain gaming especially with the splinterlands and Genesis league.

Thank you

Posted Using LeoFinance Alpha