Road to 10k GLX Stake with Staking APR of 146%

Genesis League is another game by splinterlands and this game is under development. While the development is in progress but the game has launched its governance token called GLX and airdrop for the same has been started. I have been accumulating all these tokens that I get through the airdrop distribution. People sell and book profit but I think that its too early to do this because the best of the token is yet to come. I have even purchased some tokens but nowadays I am staking whatever I get through the daily claim. All these tokens that are staked in the account earn a nice apr and I can say that this is a good option to go for.

My GLX Holding

I am about to reach 9k tokens in total and my journey to 10k is not far away. This page has been upgraded further and now it is showing more of the information including the APR and even the remaining days for the airdrop. The current APR rate is 146% and this percentage, and I find it very good. This rate will keep on reducing when more people will increase their stake but with the reduced APR the increased stake will keep the balance. I am also trying to build a bigger stake in SPS which is the governance token for the splinterlands card game. I am hoping that I should be able to reach 10k GLX by end of April month and once that is achieved then I will try increasing it further.

The GLX Staking APR

Its not easy to get the APR like this and here we get 160% which I think its way higher. We know that crypto is a nice segment for earning passive income but with higher earnings, the risk involved is also more but with GLX there is no risk. We need to factor in the price fluctuation but other than this putting the tokens at stake is good and worth doing it. I have set up my tokens stake on auto and all the tokens are staked automatically so that there is no loss of reward for the tokens that I earn. Technology makes things good and I try to put things on auto so that there is the less manual effort required. I also get GLGT tokens as part of the GLX holding so there are multiple benefits.

GLS Validator License

The sale of GLS Validator License is already started and this is a good way to be part of the game where rewards are very good. I own 1 license for the SPS node validator and I am planning to buy 1 for GLS as well however as of now its not possible due to funds shortage. I will try to see when I can buy one and this is a good investment I believe.

Each Node License is a transferrable in-game NFT that may be activated once the Node Program is launched. Licenses do not expire and are eligible to earn GLX and GLGT rewards. Presale consists of 1000 Licenses and costs 1000 GLUSD + 500 GLGT. Only 1 License per transaction is allowed during Presale.

I am planning to own multiple assets in the genesis League game as well because in the initial phase, we can get the assets at a lower price and later on prices are expected to rise further. This time when the Crypto market is not doing good then it is slightly difficult to buy multiple things at a time however I am trying to buy things in parts. I am also waiting for the airdrop opportunity that has been announced by the team and will see what benefits I can get for holding one SPS validator node license. This has already been announced and once the presale is over then they will be taking this snapshot to distribute the AirDrop accordingly.

I follow the same strategy with SPS where I am trying to build a bigger chunk of tokens and similarly I will be following the same with GLX because I believe the potential is great. Play to earn games segment is going to get much more attention in the next golden cycle and I believe that now is a good time to be part of it and build something big.

Thank you

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