200 Days of GLX staking rewards and other plans

The crypto market is experiencing a minor slump on top of the slump and at times like these, I'm generally grateful for having GLX. This is a token that is part of a game that I generally have high hopes for and I believe that in the long run, my game will pay off.

At the time of writing, GLX is trading slightly less than 1.5 cents, a generally frustrating value, I must add. Despite the relatively high APR, it is hard actually to be satisfied with the situation but one must take out the best from the situation.

At the time of writing, there are still 200 days of staking reward in GLX and that's a period that I intend to make the most out of. I'll be hoping that something miraculous happens in the market because, in this ending period of staking, I intend to hold a decent chunk of liquid tokens.

200 days is still a decent amount of time to farm GLX tokens and while I intend to hold a decent chunk of my staking reward liquid, I will still stake a bit of it to push me towards 150K staked tokens. I doubt I'll actually reach that level because a bit of the GLX I farm will be converted to other tokens, including cash to fund our relocation plans.

For example, I envisage that in the next 21 days, most of the GLX I earn will be liquidated to pay some fees for our relocation plan. That's hopefully going to be a small stack that should reach around $100, which I must add, is a decent amount of money for me these days.

One thing I worry about as the days go by is the dwindling APR and how it affects my plans. For what it's worth, any APR that is above 100% is always welcomed but at the rate it is dropping, it is not out of the question to think that it could potentially drop lower than 100% before the end of the staking reward period.

What I don't know for sure is how sharp the drop-off in APR could actually be. Assuming it continues to drop at this current rate, I reckon it would be around 100% in 30 days and even that rate is good value.

For my plans, I actually simulated my staking reward to come at 100% APR with the price of GLX at 1.2 cents. This ensures that I'm prepared for the worst-case scenario during the period, as we already know that this price is the least GLX has ever dropped to. Planning with this APR will also enable me to get a more acceptable rate than assuming the current APR and being disappointed.

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