GLX Staking APR 141% is a Good Option

GLX is the governance token for Genesis League Sports game. This is another game that is coming from the splinterlands team. We often look for the opportunities in Crypto market where we can invest and or a significant amount of returns on the investment. Usually, a return between 15 to 20% is considered very good and most of us are ok with that. What if I say that there is an option where you can earn an apr of more than 100%? This is true and in this post, I'll be talking about this option where you can earn a great number of returns on the investment.

GLX Staking APR

GLX is the governance token for the genesis League sports game and there is an option to deposit the tokens on the platform to which we can earn a massive apr as part of the deposit reward. This can be called is taking reward in the proper term where when we deposit over liquid tokens then we are rewarded with a certain percentage and this reward is distributed in form of the same token.

Currently, this apr is approximately 141% but this keeps on reducing when more people deposit tokens. We need to note that this is not a fixed apr that one can earn but it will keep on fluctuating from time to time and this time the probability is to get it reduced. This reduction in apr is expected to happen because the deposit pool is growing which is returning as a reduction on the Apr.

My GLX Stake

I am the kind of person who always tried to build things in bigger quantities and follow long-term strategies even if I lose the initial profit. I have had the same experience with SPS in the past where I did not book profit with the price was high and I am still holding all the coins in my game account. It is okay because if I start selling once then I am afraid that I will lose the moment of half-holding and my focus might get diverted.

I currently hold almost 2600 GLX tokens in my account with a current value of approximately 45 US dollars. I have no specific goal on this token but my initial plan is to accumulate as many as possible for the long term because I expect this will be much more valuable once the game is live. I hope that in a month I should be able to achieve 3000 tokens in total because whatever I earn here is reinvested in the game.

My Strategy with Genesis League

With Splinterlands, I am trying to grow my account in various ways and I am planning to do the same with genesis league as well but I am waiting for the game to go live. I know that I am new to this kind of game but I will try to learn and hope this will offer me a fun-filled experience. Even the sale for the GLS license is on and you can buy it if you want it's going to be a great investment in the game. I am planning to buy one but as of now, I don't have enough funds to buy it. I will see if I can buy it later on but for that, the price may go up I believe.

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Play-to-earn gaming is still trending and splinterlands is a leader in the segment. I am happy that I am part of this project and I believe that it will grow even more this is why I believe that now is a good time to bag as much as we can. I follow the invest and re-invest strategy in the game. I mean, whatever I earn is reinvested to grow the overall value and with the Genesis league game, it's going to be even better. Crypto is not just for trade instead it's more to get involved with many other growing projects and innovations and this is where play to earn is going to be a bigger segment.

(Splinterlands is a fantastic play-to-earn game and if you like to join then do it through my affiliate link shared below-)

https://splinterlands.com?ref=reeta0119

Thank you so much
Stay Safe

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