Will you borrow $1000 to buy GLS validator license?

I've been watching the price of GLX, packs and basically all things connected to the Genesis League Sports franchise that is coming to Hive. There's not much that has been done in the gaming department but the crypto part have slowly been ironed out.

At the time of writing, we're still in the first round of presale of GLS validator node licenses and each of them cost $1000 in GLUSD. On top of the GLUSD, you must also pay 500 GLGT tokens to complete your purchase of a GLS validator node.

I already planned to sit out the vidator presale but right now, I wonder if I really should be sitting it out. I feel like there's an opportunity there for me and the price doesn't really matter, in the grand scheme of things.

GLX dumping hard

The price of GLX doesn't exactly fill one with confidence at the moment and from all indication, GLX is going to continue dropping below the 2 cents mark. If this slump continues, I'll have to squeeze out funds to consolidate my position by buying a small stack of the tokens and push me closer to my 100K staked tokens target.

The slump in the price of the token comes at a time when the crypto market stumbled momentarily but for the most part, the damage was actually done by the increased inflation due to validator licenses. My hunch was that investors were taking profit and my view hasn't changed.

Anyway, GLX token staking reward will persist for another 225 days, meaning that at the end of the period, we should have something else to do with the GLX token. If the token doesn't have extra utility at that point, you can expect a wicked drop in the price due to lack of utility.

Most of the GLX dumping at the end of the staking reward period will most likely be carried out by the investors holding and earning from their licenses. Cheap GLX obviously creates an opportunity to increase my collection but the alternative, which is to simply farm GLX in perpetuity seems better.

Borrow now, pay later

There are no cheap validators for sale on Hive-engine, so if you want one, you have to pay the full price. I currently have slightly more than 48,700 GLX token staked that is earning me more GLX and GLGT tokens.

In a couple of days, I'd have farmed out the required 500 GLGT tokens to buy validator licenses but the question is, where do I find $1000 to buy GLUSD? Keep in mind that I currently have to stake every single GLX I earn from staking to push me closer to my 100K goal.

I could liquidate the HBD in my possession but I fear that might be a bad decision due to the fact that I intend to use that money for our relocation plans. Plans that are going quite nicely, I must add and an update is coming at a later date when there's some good news from the UK.

The question now is, where can I get a low interest and long-term loan on Hive? I'll pay back through my post earnings and the GLX I farm.

I reckon that it would take me around $150 days to refund a $1k loan. However, is it a good idea? To answer that questions, other questions like what is the APR for licenses? How low can GLX go and what are the plans for licenses in the future? These questions have to be answered before making the decision.

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