My GLX investment is slowly increasing

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I recently completed my goal of reaching 100k SPS. This was a long time due and I slowly and gradually reached this goal. The next target for me is GLX tokens. I would like to hold a decent stake in GLX before the game is launched. There are still 164 more days for the staking rewards. I did not follow what would happen after that but my wild guess is that the token circulation might get reduced increasing the value of GLX. I have been continuously increasing my GLX token holdings. Today I started thinking that it is the best time to make hay while the sun shines bright. The GLX price is also very attractive right now and would be a good opportunity to get more GLX tokens for a less cost.

I'm not a sports person, to be honest, but I do admire watching some sports games. I don't play any physical sports games in the real world except for Badminton we play during weekends for fitness. I don't even watch any sports channel. The first reason is time and the next reason is that it is not my area of interest. During my childhood days, I watched some of my friends playing FIFA when I used to spend time in their house. I personally like Strategy games more and I prefer playing them more. It is definitely exciting to see many games with different genres emerging on Hive and I wanted to see what fortune this game can bring us.

One of the biggest reasons why I'm very happy about this game is that the Splinterlands team is also involved they already have a very successful game ongoing and it is a huge expectation that it would be the case here too. With the guidance of the splinterlands team, I'm thinking this game will also do well.

During the initial days of airdrop and staking rewards, my focus was on getting 100k SPS in total. So I sold my GLX tokens for getting SPS. That helped me a lot to complete my goal of 100k SPS. Now that it is done, I have started staking my GLX tokens. Whatever rewards I receive based on my SPS stake, I have been continuously staking them. It is sad that the value is looking very small. It is for many reasons.

There was news about funds getting stolen. Someone dumped a lot of GLX tokens and reduced the price. In spite of that, the price is looking pretty decent and I have some hopes that it would at least improve in the coming months or after the staking reward and airdrop are over. I'm sure not just me but many investors are expecting the same thing here.

Being a part of a few game development teams, I know how hard it is to build games on Hive. Some games are very successful because of the perfect tokenomics they have in the game. In addition to that game development also needs frequent updates to the game to make it interesting and sustaining for the players. In play2Earn games, the expectation is even more. That's one of the reasons why many games are slow in development.

I'm hoping to see some updates soon from the game team on the next big step they are taking. I don't follow their updates regularly but this website is always open on my browser to remind me to claim my rewards every day. Whenever I find some time, I claim the rewards and stake those rewards. I'm thinking of reaching at least a minimum of 10000 GLX tokens before the airdrop and staking rewards end. I'm hoping the reward itself should be able to give me that. In addition to that, if there are additional opportunities, I will try and invest some more money to have a decent position in the game.


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16 comments
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I'm getting more GLX but is worth less.

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Yeah the value keeps dropping too. Let's see if they come up with something.

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I thought we were going to see the game in Q2 but seems like it was delayed and it's now a month maybe two away. Always seems like the same story with development deadlines are NEVER hit

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Yeah hope they are actually doing heavy work in the background. Game development is definitely a tough process.

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What do you think about DEC burning event? what are you views?

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Any burning event is definitely good. Let's hope for the price to improve. 🙂

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Many many congratulations. Glad to see you have achieved your sps coin goals. By working slowly one achieves everything as we see now that you are working hard towards your goal and you will definitely achieve it in the future. Best of luck.

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(Edited)

Awesome APR bhai sahib.

How do I move my GLX tokens from Hive engine wallet to the staking platform?

Many thanks for the insights.

Edit. Not to worry, I figured it out.

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