Road To 10K GLX: Staking Daily Even With 1% APR Dropping Rate
GLX APR Is dropping daily by 1% which is fast and it is because of people staking more GLX tokens also the airdrop is going on so instead of selling people like to stake all the tokens they are getting from the airdrop money. Why we have to focus more on genesis league because it is a blockchain gaming project from the experienced gaming company Splinterlands. They know what they are doing for the better future of the genesis league like they did for the splinterlands.
Now many users joined Splinterlands in the bull season and they entered at the peak price like most of the new investors do with the bitcoin. Here the problem with most people is emotion. They invest emotionally like one sheep following another sheep. Do you know what is the right time to enter the market? when everyone is doing panic and currently same thing happening with the splinterlands.
This happens with Bitcoin many times. Now the same scenario repeats with the SPL. Assets are cheaper so it is a good time to buy and that is what I am doing. I am not following my emotions and focusing on buying more. This is the reason I reached 100k sps tokens. There was a time when you could book profits but now you are selling sps or DEC at this price which is not fair. You are following what everyone doing.
You bought it when the Splinterlands had hype. Actually, that was the time of booking the profit and you are doing totally opposite. I hope you are getting my point.
Today staked 52.824 GLX token
With the staking of 52.584, I have reached 2655 staked tokens and with the growth of staking, earning from stake is also increasing that is why I am staking tokens daily. I am getting 48+ tokens from the airdrop and another 4+ tokens from the staking that helping me to achieve my goals. Currently, I am not buying from the market because as I said in my yesterday's video I have short of funds.
175 days are remaining for staking rewards so now let's calculate it with the average of 60 tokens per day after calculating this I am getting a total of 10500 tokens in 175 days and currently I have 2655 tokens so a total is 13155 glx tokens. Sounds good right? So the 10k glx token goal is already clear and I will achieve it just by staking and airdrop income. But other users are staking 100k plus so if I want to achieve that type of goal then a solid accumulation strategy is required here.
My Plan to achieve 10k GLX token
The plan is simple till I get extra funds in the future. Currently, I have fewer funds and due to home bills and expenses, I am not able to invest more in the GLX token. I have calculated total accumulation without market accumulation and even with that, I will get 13k to 15k glx tokens after 175 days. So this is not a small goal but If I want to target a bigger goal then I have to focus on my market accumulation which I have not planned yet.
When I will set a plan for that, I start accumulating more from the market. So this way I can even achieve bigger goals in the future.
Why GLX APR is dropping daily?
The reason why GLX APR is dropping is users staking more GLX tokens daily. Check the current price of GLX it is one cent. Most people don't want to sell at this price which is why they are staking GLX instead of selling. But the whales who are the genesis league license holders are selling the glx tokens so that they can recover their invested money.
Well, the airdrop will end after 175 days and then we can see some stability in glx token price. I hope they will launch the game soon so the utility will increase and it will benefit the price of GLX token because GLX is the governance token of the Genesis league.
Thank you for stopping by
Have a good day
Lucky Ali
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested to learn new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |
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You described very well why the APR began to drop faster than before... 1c GLX is a cheap-cheap price and many people are buying and staking tokens... Before that, most people kept liquid GLX and put it on the market...
So, if the price stays low, this means less liquid GLX, more staked GLX, and all that leads to bigger demand, hopefully when the game goes live... That could be a nice trigger for the price to go up...
I have picked this post on behalf of the @OurPick project which will be highlighted in the next post!
You are right and I think the game launch can solve this issue and everyone waiting for the announcement. Many users bought it at $0.05 this is really painful for them
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I was DCA-ing almost from the beginning... as the price went more down, I was getting more tokens... No regrets on my side as I have earned a lot of GLX through staking rewards... 😉
haha, that's an awesome plan. keep it up and I will try this idea for sure. Maybe I will spend some sps daily to buy GLX
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I bought GLX while it was too expensive, it lost most of it's value since then. But I keep on stacking and growing. Hopefully, the value will rebound!
That's what we can do because we have no other option but it is good that we are earning from staking also there are 175 days remaining.
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Thanks for sharing! - @mango-juice
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