Best Time to Buy & Stake GLX ~ Paying 500% APY

over 1 year ago

It's one thing to know an investment product that would breakeven and another to know the right time to invest. Particularly in crypto, investment timing is as crucial as the investment product itself. Missing out on timing can ruin an entire investment adventure and even lead to bankruptcy.

While the crypto winter endures, some Hive communities are helping their users to cushion the effects with mouthwatering crypto products that are paying out huge profits. The Splinterlands gaming ecosystem is one of such communities that is making its investors feel like they're in a bull market with its latest Genesis League Sports Governance Token ($GLX).

The creators of Splinterlands launched the Genesis league Sports (GLS), a web 3 blockchain-based, play to earn gaming platform and ecosystem designed for sports games and NFTs. The new gaming platform is expected to make Splinterlands the perfect platform to bridge sports brands, athletes, and fans into the blockchain world. The GLS platform was designed to host the ever-growing catalog of games across a plethora of sports types and to also partner with major sports leagues and organizations around the globe.

Ahead of the launch of the premier sports game in the GLS platform being Genesis League Goals (GLG), the Splinterlands team had airdropped the governance token of the GLS platform to stakers of the Splintershards (SPS) token. The GLX token is expected to serve as the staking, reward, and governance token for the entire Genesis League Sports (GLS) ecosystem.

In the last 6 weeks, the GLX token has been the piece of attraction in the hive-engine market in terms of trading volumes which rose to the highs of $80k daily and pricing which rose from 2 Cents to 35 Cents. More uniquely, the introduction of GLX staking in the GLS website with an attractive stacking reward starting at over 2,000% APY to the present 500+% APY.

It suffices to say that the best gaming token to invest in recent is the GLX token with such massive returns. The GLS whitepaper records that the total GLX tokens allocated for the staking rewards is 100 million and would last for 12 months. This makes the token quite an interesting one to invest on.

The tokenomics of the GLS platform also provides that in subsequent times, players would be able to burn GLX to mint GLUSD - the stablecoin of the GLS platform which would be used for all in-game purchases, and pegged at USD 1.

It is beautiful to be claiming around 50 GLX token daily over a stake of 3,400 GLX tokens. The best of returns one can have in recent times from a gaming token.

The GLX market is presently at its lows - $0.038 but with great potentials to rise when the burn for GLUSD announcement goes live.

A lot of potentials are lurked in the sports gaming token with is massive usecase in the play2earn economy which would likely shoot its price to $1 or even more. It therefore behooves that anyone who missed buying GLX on day 1 at $0.02 has the big opportunity to do so and start amassing the huge returns before the price goes back high.

Besides, staking GLX also earns the investor an additional token - GLGT which would serve a purpose similar to VOUCHERs in the splinterlands game.

Just like SPS did in the past, early investors n GLX would have a lot to celebrate in the near future.

Do well to buy and stake some GLX tokens today. Don't miss this massive staking APY.

Splinterlands game is termed the "next generation of collectible card games" in which allows players to collect, trade, and battle with provably scarce digital collectibles with real-world value. Battles on Splinterlands Unlike most trading card games, are fast and furious, and are usually completed within few minutes. The Splinterlands gameplay is simple and easy to learn viz: reviewing combat rules, making and submitting of the team and watching the battle unfold.

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