Genesis League Sports - Flying under the radar and reached another staking milestone
Genesis League Sports is under development and the first sports game on the platform will be Genesis League Goals. I've already bought a bunch of packs for it as I did years ago before Splinterlands was launched, and that provided me high return and as we all know that history repeats, and I am quite a bit invested in it. And while most people are missing a long-term strategy and the game is still flying under the radar, I have reached another staking milestone.
As a short reminder, my goals for Genesis League Sports in terms of the accumulation of GLX governance tokens are as follows.
- 1st milestone: 1,000 GLX (Completed)
- 2nd milestone: 2,000 GLX (Completed)
- 3rd milestone: 5,000 GLX (Completed)
- 4th milestone: 10,000 GLX (In progress)
- 5th milestone: 20,000 GLX
- 6th milestone: 50,000 GLX
- 7th milestone: 100,000 GLX
I had staked up until now 4,846.312 GLX. The sources of my additional gains are from SPS staking, GLG packs staking and GLX staking and I've succeeded to accumulate 404.349 GLX. By staking them up, I will surpass 5k GLX tokens and even reach 5,250.661 GLX in total. In monetary terms at a market price for GLX of $0.0349 that would translate into a total value of the tokens of $183.69. That's not a big valuation, but my strategy is long term and I believe that once the game will reach the final development phase and when the marketing will kick in with MLS stars, it will mostly lift off and maybe also x10. And if that happens while the bull market starts showing itself, it will be much better.
The next milestone is to get to 10k GLX staked, but as the gap is bigger probably it will take me a little bit longer. Next targets are bigger apart, more GLX is staked and the returns might decrease over time. But I think I am starting to position myself better and better in the game tokenomics with a moderate holding. The packs 123 packs buy-in should also bring me some nice perks along the way, so I am quite hopeful for what's to come.
What about you: are you in the game or watching from the sidelines?
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I suppose that the GLX tokens price will drop until we see the first version of the game available, which makes it a perfect fit for DCA-ing into it... GLX price under 0.10 HIVE is a bargain, especially with this APR on staking... ;)
So far it held pretty well.
It did... But without the playable game, people will FUD and bring the price down more... Of course, we will be there to pick those tokens up... 😃
I bought 600 packs so far 😃 and until 12th Feb., staking them gives a lot of GLX, app. 500 per day or so!
Wow, that's a hefty buy-in. I've bought 110 packs and hope I will be lucky enough to get some good cards.
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10k staked GLX that's absolutely amazing. I think it's great to spot a project with great potential and buy in pretty quick just like you did with splinterlands. Congratulations to you. So far GLX hasn't done badly.
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I have yet to get 10k GLX staked as that's my next milestone. But I am moving in that direction, one day at a time.
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Ohh, I thought you'd gotten there. Goodluck with it. 😁😁😁
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GLX has always seemed like a smart investment choice. Sadly, there's just so much to invest in and so little money to go round. I have a few of the tokens but definitely no where near yours. Great job!
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Nice man! Did buy some pack myself and jesus... staking those brings in a lot of GLX tokens.
btw. I bought around 6-700 Tower defense packs last week. What are your thoughts around that game? I think that is also a forgotten pearl that will turn out quite smoothly in the future.
I didn't jump on Tower Defense as I had to choose between that and GLX and chose the last one because is in the sports industry and the partnership with MLS should bring a new kind of users from that fanbase.
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Understandable! Vel, maybe u can buy some TD packs from all the GLX divs :D
Oho, big targets, 100k GLX. I still sell most of the GLX, but will switch soon to stacking them. Same as I did for SPS, where in the end it was the better choice, due to the hype at start.
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I think the hype is yet to come for GLX as they didn't get yet to market the game with MLS players and launch it. I might do some selling after the game goes out in the wild and there might be a rush to get into it in the short term.
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Probably, but till then it will drop another 5x, I would say.
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Im not invested in anyway but I am scoring some glx staking rewards from my sps staking on splinterlands 😎✌️ but in all honesty I am selling them and pushing the funds into sps staking.. Laughs if the GLX token was to climb I'd be very regretful about my decisions 😂
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I've been selling half of my tokens and staking the other half. I just don't think there is going to be a run on it like there was in the past. People just don't care about soccer. American soccer, they really don't care about. Don't get me wrong, I hope it blows up, but I am just not seeing it.
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I have also decided to buy some of sps and staked it and wait for the next bull market. This one can give us good profit when Sprinterland bay new user comes in coming days. I have also bought some of his gold cards. Bear market staking are a means by which a person can be earn something. The next era will be gaming again.
I am watching from the sidelines. I don't have the time or the extra funds to get invested and it would be better to focus on Splinterlands/Hive.
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