Welcome to my blog and today in this blog, I am going to talk about glx price and APR. For a long time, I have not written about glx because staking earning was stopped And there was an issue And because of that, the hive-engine transaction was not working. So I have stopped posting regarding the Genesis League also there is another reason behind not posting Genesis League And that is Less utility of a token so I decided to pause sharing updates. So in the future, we will see the utility of this token. But right now there is no good user base There, in the Genesis League game. So obviously, in the future, we will see a user base But currently, let me share some information and some updates regarding GLX.
Also, if you are holding glx tokens and staking it then what do you have to do? I am going to talk about it. also, I will talk about my GLX holding and what I will do with this holding. So the current price is $0.002 and if we want this token will hold this price Then we need more utility And utility will come when the full game launches. Currently, if you are going to sell tokens, then you will not get the benefit because the price is lower And if you unstake then it will be beneficial to other users who already staking the glx, because they will get more earnings of GLGT.
My GLX staking
So currently I’m holding 13K+ tokens of GLX In this game And I have hope for this game because it is a project of sprinterlands. That is why I am not going to sell anything from these tokens also selling at this price is not a good move, because the price is very low. In the past, I have focused more on earning and I was getting glx From SPS airdrop as well as from glx staking itself So these two ways helped me a lot to accumulate glx tokens And it helped me to reach 13K GLX, And this not a small amount.
Some players playing this game, but I have never tried it My goal is to hold tokens and earn from staking and the other ways that the game will provide But right now I have no plan to play in this game. My long-term goal was to reach 100K GLX tokens And my short-term target was 25K GLX tokens now I have just 13K tokens But let’s see what the team will announce so that I can set my strategy according to it currently I am just staking and earning 14% apr in the form of GLGT token.
14% APR on GLX staking
I know that I am getting GLGT tokens on GLX tagging but I wanted to know that, what is the APR of this GLX staking. That is why visited the discord channel of the Genesis League game And I saw a discussion where a team member replied with 14% APR. You can see the screenshot below.
So 14% APR is not bad It is better than selling the tokens at this price because selling at 0.002 is not a good choice Instead of this, you should hold tokens. GLGT has a limited supply So in the future we can see some price improvement in GLGT token. So my strategy is I earn glgt token and sell it on the hive-engine market to buy GLX token again And then staking those tokens. So this is my strategy, and I’m not planning to sell at this price. Selling at this price means it is foolish because the price is very low.
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Lucky Ali
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |
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