My Strategy for $GLX - Sell Or Stake? & Plans Ahead... by gungunkrishu

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hive-167922 · @gungunkrishu · Nov 24 '22

$36.25

My Strategy for $GLX - Sell Or Stake? & Plans Ahead...

Hey All,

![image.png](https://images.hive.blog/DQmVXwZr4BkqhwgcdJvnRaEEkTgdnVVLZhJesv25szMHUrz/image.png)

As we already know about **GLX** token which is associated to [GENESIS LEAGUE SPORTS](https://www.genesisleaguesports.com/) a blockchain-based, play2earn gaming platform and the ecosystem is specifically designed for sports games and NFTs. Currently there is an [Airdrop](https://leofinance.io/@leoglossary/leoglossary-airdrop) for the GLX token ongoing, which will go on for a Year. Folks who have staked their [Splintershards ($SPS)](https://leofinance.io/@leoglossary/leoglossary-splintershards-sps) which is the [governance](https://leofinance.io/@leoglossary/leoglossary-governance) coin of the game Splinterlands are eligible for $GLX Airdrop. I have a good chunk of $SPS staked and am getting close to 115+ GLX Airdropped daily.

![image.png](https://images.hive.blog/DQmSq4VSovAPPWXaZTdEn1G1CR7kuHERXkeP6Yfae1xmDgw/image.png)

$SPS staked at the moment is 180K+ and slowly moving towards the set GOAL of 200K+ $SPS by the end of this year, 2022. With all the rewards that I am getting for HOLDing the Splinterlands assets like:: Tract, License Node, Riftwatcher packs and along with $SPS LP rewards - I am confident that I should be able to meet my GOAL for staked $SPS. Shifting gears to $GLX where I was selling it to swap for $SPS. Now that the price of $GLX has taken a beating. I thought it would be wise to start staking $GLX and earn the staking rewards in the form of $GLX and $GLCT.

![image.png](https://images.hive.blog/DQmNudy1MvzdFYcgyFpFFXzjPQS2y73gTxC6QDcsFFNSpz6/image.png)

Its a bit sad to see the price of $GLX tanking. There was a time where it was trading almost to a dollar and many folks took advantage of the price to swap/sell it for their favorite coins. But on the other hand we had people buying $GLX and enhancing their stake in $GLX and ultimately earning good amount of the staked rewards.

![image.png](https://images.hive.blog/DQmaux1juDUwbQp9Y3GeS354qpBQprmPMQTPAX7woGjX8q4/image.png)

Today $GLX token is down another 13+% and currently is trading for $0.08+ cents. I suspect that we could see a further downfall in the price of $GLX as I can see a huge wall towards selling of the token. The above graphs showcases the volume $GLX & $SWAP.HIVE it has been consistent for $SWAP.HIVE but now we are seeing an uptick in volume for $GLX i.e. more $GLX are being traded. I had this plan for $GLX earlier - [Sold GLX for HIVE & Plans to Buy $SPS...](https://peakd.com/hive-167922/@gungunkrishu/sold-glx-for-hive-and-plans-to-buy-usdsps) this got me a huge chunk of $SPS and those all tokens were staked. But now considering the current price of $GLX I don't feel comfortable selling at such a low price and hence a strategy change from selling $GLX to staking $GLX. The intent now is to get to a point of having 5K+ $GLX staked now. Which would mean that all my daily Airdrop of $GLX would be staked and if the price of $GLX falls even further then I would be looking for an opportunity of buying $GLX in bulk.

![image.png](https://images.hive.blog/DQmSJoopNj95yAd1NQ8zF1FQqergR1tkwZLa2kALwxNESgd/image.png)

Without a doubt GLX has get some good grounds set in its [whitepaper](https://whitepaper.genesisleaguesports.com/tokenomics/genesis-league-governance-glx-token) and HOLDs a good Tokenomics value as well. Right now we see the 5% of Airdrop tokens being distributed along with the 5% of the staking rewards. Just imagine when the LP rewards kick In we could see a sudden spike in the price of the $GLX token. Therefore my plan ahead with $GLX is to HOLD for now and continue staking and take advantage of the price if it further tanks. No more selling of $GLX at its low level, wait for the right opportunity until then keep accumulating... :-)

### Strategy for $GLX changed from Selling to Stake

#GLX #Airdrop #GLCT #Splinterlands #SPS #Stake

Image Credits:: splinterlands, hive-engine, genesisleaguesports,

Best Regards

![image.png](https://images.hive.blog/DQmSjasp4rbWiwppotkoGj1gNbL7Wo1LE4vWa9gn5hGMnBT/image.png)

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@gungunkrishu/my-strategy-for-usdglx-sell-or-stake-and-plans-ahead)

👍 steemmonsters, bdvoter, sanjeevm, tipu, buggedout, slobberchops, magicmonk, tomhall, hiveupme, definethedollar, taskmaster4450le, kryptodenno, vanje, nainaztengra, muratkbesiroglu, arcange, pouchon, notak, liotes.voter, alokkumar121, moeenali, crypt-skip, clixmoney, hive-117778, deepu7, achim03, bitcoinflood, quochuy, campingclub, eturnerx, visionaer3003, solairitas, lichtblick, rima11, boatymcboatface, chetanpadliya, idiosyncratic1, lbi-token, dagobert007, splinterboost, listnerds, oliverschmid, starstrings01, finguru, nickelbunker, adambarratt, onepercentbetter, hykss.leo, ukulima, marianaemilia, zaku, smartvote, tobetada, wenchebakken, sagarkothari88, pouchon.tribes, mythix, bscrypto, maxinpower, steemitboard, braaiboy, onealfa, mythix.market, seckorama, and 221 others
👎 xsteemmonsters, xbdvoter, xtipu

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@achim03 · Nov 24 '22

$0.02

I have been staking the token since the beginning and selling 10% of my staking rewards. So far I'm quite happy of how it has developped. With lower prices, it definitely makes sense to stake more. Great post!

--- 

*I have picked this post on behalf of the @OurPick project and it will be highlighted in the next post!* [![Comment Footer.jpg](https://files.peakd.com/file/peakd-hive/ph1102/23vi6UCc5Wi27NhPSnLFHgzwUZ8NNdWdCkZe1b3VLFZxswQDucw7QiLa4zw64n4woS3BJ.jpg)](https://liotes.com/)

👍 steem82868

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properties (23)vote details (1)

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steem82868	0 B		48,177,842,064	100%

@hivebuzz · Nov 24 '22

<table><tr><td><a href="/@gungunkrishu"><img src="https://images.hive.blog/70x70/https://hivebuzz.me/badges/wc2022/wc2022-13.s1.png"></a></td><td>Well done @gungunkrishu! You successfully guessed the match result and unlocked your badge!<br><sub>Click on the badge to see your board.</sub></td></tr></table>

Thank you to our sponsors. Please consider supporting them.
|||||
|-|-|-|-|
|![](https://images.hive.blog/32x32/https://images.hive.blog/u/arcange/avatar) **@arcange**|![](https://images.hive.blog/32x32/https://images.hive.blog/u/leofinance/avatar) **@leofinance**|![](https://images.hive.blog/32x32/https://i.imgur.com/Zhlrijh.png) **@threespeak**|![](https://images.hive.blog/32x32/https://i.imgur.com/fNLIiXE.png) **@wrestorgonline**|

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@hivebuzz · Nov 25 '22

<table><tr><td><a href="https://hivebuzz.me/@gungunkrishu"><img src="https://images.hive.blog/70x70/https://hivebuzz.me/badges/wc2022/wc2022-16.s1.png"></a></td><td>Well done @gungunkrishu! You successfully guessed the match result and unlocked your badge!<br><sub>Click on the badge to view your board. Click [here](https://hivebuzz.me/rankingWC) to check your ranking.</sub></td></tr></table>

Thank you to our sponsors. Please consider supporting them.
|||||
|-|-|-|-|
|![](https://images.hive.blog/32x32/https://images.hive.blog/u/arcange/avatar) **@arcange**|![](https://images.hive.blog/32x32/https://images.hive.blog/u/leofinance/avatar) **@leofinance**|![](https://images.hive.blog/32x32/https://i.imgur.com/Zhlrijh.png) **@threespeak**|![](https://images.hive.blog/32x32/https://i.imgur.com/fNLIiXE.png) **@wrestorgonline**|

**Check out the last post from @hivebuzz:**
<table><tr><td><a href="/hive-102201/@hivebuzz/wc2022-recap-day5"><img src="https://images.hive.blog/64x128/https://i.imgur.com/uNPMgnd.png"></a></td><td><a href="/hive-102201/@hivebuzz/wc2022-recap-day5">HiveBuzz World Cup Contest - Recap of Day 5</a></td></tr><tr><td><a href="/hive-102201/@hivebuzz/wc2022-ranking"><img src="https://images.hive.blog/64x128/https://i.imgur.com/8kplXrX.png"></a></td><td><a href="/hive-102201/@hivebuzz/wc2022-ranking">HiveBuzz World Cup Contest - Check your ranking</a></td></tr><tr><td><a href="/hive-102201/@hivebuzz/wc2022-recap-day4"><img src="https://images.hive.blog/64x128/https://i.imgur.com/uNPMgnd.png"></a></td><td><a href="/hive-102201/@hivebuzz/wc2022-recap-day4">HiveBuzz World Cup Contest - Recap of Day 4</a></td></tr></table>

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@hivebuzz · Nov 25 '22

<table><tr><td><a href="https://hivebuzz.me/@gungunkrishu"><img src="https://images.hive.blog/70x70/https://hivebuzz.me/badges/wc2022/wc2022-15.s1.png"></a></td><td>Well done @gungunkrishu! You successfully guessed the match result and unlocked your badge!<br><sub>Click on the badge to view your board. Click [here](https://hivebuzz.me/rankingWC) to check your ranking.</sub></td></tr></table>

Thank you to our sponsors. Please consider supporting them.
|||||
|-|-|-|-|
|![](https://images.hive.blog/32x32/https://images.hive.blog/u/arcange/avatar) **@arcange**|![](https://images.hive.blog/32x32/https://images.hive.blog/u/leofinance/avatar) **@leofinance**|![](https://images.hive.blog/32x32/https://i.imgur.com/Zhlrijh.png) **@threespeak**|![](https://images.hive.blog/32x32/https://i.imgur.com/fNLIiXE.png) **@wrestorgonline**|

**Check out the last post from @hivebuzz:**
<table><tr><td><a href="/hive-102201/@hivebuzz/wc2022-recap-day5"><img src="https://images.hive.blog/64x128/https://i.imgur.com/uNPMgnd.png"></a></td><td><a href="/hive-102201/@hivebuzz/wc2022-recap-day5">HiveBuzz World Cup Contest - Recap of Day 5</a></td></tr><tr><td><a href="/hive-102201/@hivebuzz/wc2022-ranking"><img src="https://images.hive.blog/64x128/https://i.imgur.com/8kplXrX.png"></a></td><td><a href="/hive-102201/@hivebuzz/wc2022-ranking">HiveBuzz World Cup Contest - Check your ranking</a></td></tr><tr><td><a href="/hive-102201/@hivebuzz/wc2022-recap-day4"><img src="https://images.hive.blog/64x128/https://i.imgur.com/uNPMgnd.png"></a></td><td><a href="/hive-102201/@hivebuzz/wc2022-recap-day4">HiveBuzz World Cup Contest - Recap of Day 4</a></td></tr></table>

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@hiveupme · Nov 24 '22

<center>
<sup>Congratulations, @gungunkrishu Your Post Got <b>100%</b> Boost.</sup>
<sup>@gungunkrishu Burnt <b>73.72</b> <b>UPME</b> & We Followed That Lead.</sup>

<img src="https://files.peakd.com/file/peakd-hive/hiveupme/M3wgTwQC-hiveupme.png" alt="upme.link">
---
<sup>Contact Us : [CORE / VAULT Token Discord Channel](https://discord.gg/XYMrvyr)</sup>
</center>

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@india-leo · Nov 24 '22

Indiaunited Curation 1669297974626

This post has been manually curated by @bhattg from Indiaunited community. Join us on our [Discord Server](https://discord.gg/bGmS2tE). 

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators. 

<sub>**Please contribute to the community by upvoting this comment and posts made by @indiaunited.**</sub>

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@magicmonk · Nov 25 '22

@tipu curate

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@tipu · Nov 25 '22

<a href="https://tipu.online/hive_curator?magicmonk" target="_blank">Upvoted  &#128076;</a> (Mana: 0/47) <a href="https://peakd.com/hive/@reward.app/reward-app-quick-guide-updated" target="_blank">Liquid rewards</a>.

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@steemmonsters · Nov 26 '22

**Thanks for sharing! - @alokkumar121**
![](https://media.giphy.com/media/W4QD5qT1u6OJV1ENXU/giphy.gif)

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@thranax · Nov 24 '22

I thought the same as you and I sold my GLX just like you, I decided to stake because when it can be played, the price will go up and there are also many fans who love soccer and if real players appear on the cards like Messi or Ronaldo, then it's going to be a bombshell

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