Buying $GLX - Genesis League Goals Governance Token - My Strategy ahead for $GLX...

Hey All,

The Genesis Sport League governance token $GLX continues to drop and as to today it is currently trading for less than one cent. The token still continues to be Airdropped to players/investors who has Splinetershard $SPS staked. We still have 150+ more days to go before the Airdrop ends. If interested than have some $SPS staked on the Splinterlands gaming portal. Its been a while that I have been monitoring price of $GLX for quite some time now and it continues to fall drastically. Just have a look at the following graph taken from hive-engine and it showcases the downward trend as well. There was a point where $GLX used to trade for more than 1+ $HIVE and now ONE $HIVE can get you close to 50 $GLX tokens approximately.

The token is down 4% today as well and I thought it would be nice to grab this opportunity to buy some $GLX tokens. I had placed a bid for 2500 $GLX Yesterday and today it got filled. I had to shed 59+ $HIVE for this trade and the plan is to stake all of these tokens. Right now if you the stats of $GLX tokens it looks something like this::

• Total Supply: 163,984,123
• Total Liquid: 69,600,428
• Total Staked: 94,383,694
• Maximum Supply: 2,000,000,000 GLX
• GLX Price: $0.009

As a side note - 100 Million $GLX tokens each has been allocated for staking and Airdrop rewards.

Buy Order for 2500 $GLX Filled

My plan for $GLX is continue to stake and I am targeting close to 100K+ $GLX. Right now I am half the way though and to be honest most of the $GLX i.e. 70% of it has been accumulated via the Airdrop and by HOLDing the Genesis Cards Packs. I did open the packs and did get some good GOLD foil cards but about that I'll talk in my next post. Right now the focus is on the $GLX token and is it worth to take all the risk in accumulating a token which continues to fall and making its new all time low price - which now is less than a cent.

Current 49K+ $GLX Staked...

As you can see from the above image, with this recent trade of 2500 $GLX - I staked all of them and this brought my total to almost 50K $GLX being staked. In current scenario with staking rewards where the APR is 110%, I am getting close to 250 $GLX daily [inclusive of the Airdrop number] and these are being redirected back to the staking pool. My initial plan for $GLX was 50K+ and now having achieved that its like get these governance token as much as possible and price being low tempts you as well. For now I will wait for some days and in between if $GLX tanks further, I did like to buy another 5K+ $GLX tokens may more. I am in no rush to sell the tokens and the time horizon here is a long term investment. I remember in the initial days of token launch I did book profits and now its time to just HOLD and keep building your crypto portfolio. At the same time, my stake of 250K+ in $SPS is helping me to get more $GLX airdropped. Therefore, it is going to be a dual benefits when I would be buying more $SPS and staking them to further get more $GLX tokens Airdropped... lets see how this churns out to be in near future... Cheers

Have Your SAY on GLX...

Are you stacking up $GLX... Do you feel that $GLX is going to be the Next Big thing in NFT? What is your strategy looking for $GLX token? Let me know your thoughts in the comment box below... :-)

Buying $GLX - Genesis League Goals Governance Token - My Strategy ahead for $GLX...

#glx #sps #staking #apr #leodex #splinterlands #glct #node #glxnode

Best Regards

Image Credits:: genesisleaguesports, leodex, hive-engine

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