Are you staking are selling GLX?
What do Splinterlands Players do with their airdropped GLX?
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The GLX market has dropped significantly in the last few days. Like 24% i nthe last 24 hours. This isn't likely to reverse course and more players will be dumping GLX. It's just like SPS. Super strong returns at the start but then a signficant and long term decline. If the game comes online it might be better, of if the stable coin is released it might level out the price. I am selling most of my GLX everyday and staking just a little bit. I sell the GLX and then buy SPS which generates more GLX which I sell to buy more SPS.
Selling this gift.
I just don't understand why GLX should or would be valued higher than SPS right now.
No other option but to stake due to small of SPS I have. After selling 24 GLX a week ago, I am now staking whatever GLX I will receive daily. Waiting for the price of the token to stablize at the floor. That will be the time for me to pick up and stake more.
I'm staking it all with plans not to sell if for years (if ever). If this game truly takes off then I think we're going to want as much GLX as we can get.... and if it doesn't take off, then it hasn't cost me anything.