AIRDROP INCOMING!!! How much can you expect to get from the GLX airdrop from staking SPS.

Hey everyone!

How are yall doing? I am doing great! The official announcement for the GLX airdrop is here, in the whitepaper! Is it going to be just as big as the airdrop of SPS?

It really is an exiting time for Splinterlands and its users/stakeholders. The announcement for the new Genesis League Sports is huge. Moreso we are going to get free GLX (the governance token) for staking our lovely SPS tokens. But then there is the question: how much will I get?

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As u can see the information to calculate this is above. We first have to calculate our share of the staked Sps. In the example: total SPS Staked =100M, Account has 1M, and everyday there will be 274,000 GLX tokens distributed.

The calculation:

1,000,000 : 100,000,000 = 0.01
0.01 is the share of the account for the airdrop. Then multiply this by the number of total GLX tokens distributed per day.
0.01 X 274,000 = 2,740 GLX

This was only the example. Now I will give u my calculation of how much GLX I will get in the airdrop, to give u an idea of how much u can expect to earn for a reasonable amount of SPS staked.

How much I am getting:

My staked SPS: 12,000
Total SPS staked: 427,169,528
GLX distributed: 274,000

12,000 : 427,169,528 = 0.000028

0.000028 X 274,000 = 7.67 GLX per day!

Conclusion:

That's not bad! Don't forget that we can use this GLX roughly a month later to Stake for staking rewards. Staking rewards will be just as much as the airdrop, so there is a huge opportunity here!

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One last thing to consider is the total supply (fully diluted) of the GLX token will be 2,000,000,000. That's 1B less then the fully diluted supply of SPS! Also They are only giving out a small portion of the total supply in the first year, as you can see here below.

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How much are you guys getting from the Airdrop? Are you just as exited as me? I would love to know in the comments.

Link to GLS Whitepaper:https://whitepaper.genesisleaguesports.com/tokenomics/genesis-league-governance-glx-token



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4 comments
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Looks like a good incentive scheme to keep topping up the old SPS stack, eh?

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I think the effect on SPS will be huge. First Riftwatchers, that will sink some supply of SPS. Then the airdrop, and even after that we have staking requirements for earning in the game. Just huge!
And yes, top up your bags!

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