What comes after GLG pack staking reward?

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Today marks the final day of pack staking reward and basically means that you no longer receive GLX from staking packs. There are still 159 Days of GLX staking reward, so there's still some regular earning to look forward to.

I assume that at the end of the staking period, all packs will be automatically unstaked but to be on the safe side, I initiated unstaking that will release my 30 packs in one week's time. In any case, there's still a lot to think about and predict about this development.

For what it is worth, I'm actually behind schedule; I should have unstaked my packs 6 days ago, to ensure that I can remedy any potential change that comes from the end of pack staking reward. Now, I'll be eagerly watching to see if the packs are automatically unstaked when staking reward ends.

Less Inflation

I believe the end of pack staking reward will correspond to a reduction in GLX sell pressure due to the very simple fact that inflation reduces. Now, I don't know if a new inflation model will be introduced when this ends but on the surface, at least, we can estimate that less GLX gets printed and that in turn means less inflation.

I suspect that the end of pack staking reward will also lead more eyes and wallets towards GLX token. There's also a small chance that SPS token feels the love too, since staking SPS also earns GLX token.

Right now, the GLX staking APR is still at 89%, down from the lofty heights it hit in the past but still a decent value for potential investors. I won't be too surprised to see the APR drop further as investors jump at the opportunity to buy cheap tokens at today's price and earn staking rewards for as long as it persists.

So, we could potentially see a small pump in the value of GLX token in the short term. Best bet is that GLX token climbs back to 1 cents and stays there for a couple of days before dropping again when the sell pressure catches up.

I also wonder what the end of staking reward might do to the price of packs. We know that each pack contains assets that are currently tradable, so there could be some demand generated on that front.

At the same time, some investors might choose to play it safe and just sell cards for GLX tokens, so that could adversely affect the price of packs in the short term.

Then again, the updated roadmap indicates that gameplay features, combining cards and other aspects of the game will be released, so that could work in favour of the price of packs. I believe that any increase in demand for GLG assets will be a boost for the price of individual packs,

The pace of development, marketing and generally bringing aspects of the game to life will be key for the price of packs and GLX token as well. There's a lot riding on the incoming Q2-Q3 releases.

Posted Using LeoFinance Alpha



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