Buying the Dip - Bought $GLX - My Plans for $GLX...

Hey All,

Finally bought the dip and grabbed some $GLX tokens. I had been monitoring $GLX token price and couldn't resist buying at the current levels where it is trading for less than a cent. Its down another 2% today with a 24 hour volume of around 6K+ tokens traded on Hive-engine which contributes to around $1.7K+ Approximately. I bought 500+ $GLX tokens from Hive-engine and moved them over to Genesis Sport League portal where I am staking all my $GLX tokens which at the moment is giving an APR of above 85%. We can expect the game to be live in coming months and most importantly the team associated to this game is @Splinterlands team. Which is one of my primary reason for me to buy and stake more $GLX tokens.

Also since the $GLX is the Governance token for the genesis league sports game, its an added advantage to grab these governance tokens at cheap prices. We all know how important and significant role the governance tokens carry which cannot be ignored. It gives users the control on making decisions tied to the development of the project and other matters associated to it. At the same time it also allows the users who HODL the governance token the right to vote on proposed changes to a blockchain network as well. The trade of $GLX was a straight forward trade, where I placed a bid closer to the selling price and it got filled within a couple of minutes. The main intention behind this was to increase my overall stake in $GLX and get closer to having 100K+ $GLX tokens...

My Current GLX Stake 63K+ & Compounding....

As you can see the current sake that I have in $GLX is around 63K+ tokens staked. All the daily staking and airdrop rewards are being routed back to the staking pool. We are just left with another 149 days where the staking rewards will be distributed and then stopped. My goal for $GLX is to get there of having 100K+ tokens staked before the staking rewards ends. At the current pace, I am earning close to 300+ $GLX tokens daily so hopefully should be able to achieve my goal with not much of a hurdle until i mess things up and sell any of my $GLX stake for some reasons.. But so far its not there on the cards, so ideally this shouldn't happen. Should I bee buying the GLS Validator Node operators is the next question that comes to my mind.

As mentioned in the GLS Whitepaper, there are 100,000,000 GLX tokens for 65 month allocated to a reward pool for GLS Validator Node operators. That means approximately 51,280 GLX tokens will be rewarded daily to GLS validator node operators.

When are able to get $GLX at these levels i.e. less than a cent then would it make sense to invest in a GLX validator node? Rather use all that money in buying $GLX at once. To be honest I don't have that much of money to buy the validator node and would be going the other route where I keep on buying $GLX as funds are available. Another bulk purchase of say 2K+ $GLX should be good enough here. I also have some great GLX cards so selling some of them is also an option that I have to grab $GLX from here. But this would be my last resort to selling the $GLX cards..until then it is to continue accumulating as many $GLX tokens I can and maybe even some more packs to bring my total from 70 to 100 100 GMLSPA packs purchased. As at the moment the cards are being sold at a hefty discount on hive-enge..so grab some if you don't have any.. cheers

Have Your SAY on $GLX...

Are you stacking up $GLX... Do you feel that $GLX is going to be the Next Big thing in NFT? What is your strategy looking for $GLX token? Let me know your thoughts in the comment box below... :-)

Buying $GLX on Dip - My Strategy for $GLX token?

#glx #sps #staking #apr #leodex #splinterlands #glct #node #glxnode

Best Regards

Image Credits:: genesisleaguesports, leodex

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