GLX - Objectives updates and preparations for the Validator Node License presale
While I am heading slowly like a tortoise towards my next GLX milestone of staking 20,000 tokens, I am expanding my investments within this sports platform and I am already prepared to acquire a Validator Node License during the presale phase. I think that the platform and their initial game - Genesis League Goals - are still to prove themselves once the marketing will kick in considering the big partnership with MLS and as we will see the gameplay rolling in slowly. This is why I believe that the current prices for this ecosystem's assets are still undervalued and once will get closer to launch things can only get better.
As a short reminder, my goals for Genesis League Sports in terms of the accumulation of GLX governance tokens are as follows.
- 1st milestone: 1,000 GLX (Completed)
- 2nd milestone: 2,000 GLX (Completed)
- 3rd milestone: 5,000 GLX (Completed)
- 4th milestone: 10,000 GLX (Completed)
- 5th milestone: 20,000 GLX (In progress)
- 6th milestone: 50,000 GLX
- 7th milestone: 100,000 GLX
At the moment I am still struggling to reach my 5th milestone as the gap between the steps is higher now. Even so, I think I am moving steadily towards it by staking day after day the GLX earnings from Packs staking, SPS Airdrop, and GLX staking. By having this routine I have succeeded to stake 14,900.92 GLX tokens which are getting me closer and closer to the next target.
Besides this, I decided to take a big leap on the Validator Node Licenses and I have already prepared myself to participate in the Presale by getting ready 1,000 GLUSD and 500 GLGT. I intend to invest these funds to acquire 1 Validator Node License and afterward use the proceeds to recoup part of my investment. This will be a slow return, but I hope that once the game will kick in there will be some appreciation of the GLX and GLGT tokens which might give me a push in the right direction.
The Validator Node License should ensure a steady revenue stream over time and allow me to support this sports ecosystem which I hope will only expand in the future.
These are my moves made in preparation for what's to come in the Genesis League Sports platform and the investment made trusting the founders, the project team, and the domain itself.
Come join a new sports metaverse and start with Genesis League Goals!
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There is not currently a partnership with MLS, it's with the MLSPA. Otherwise nice article.
You are right about that.
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You are admiringly doing great with the milestones and you've just reminded me to claim and stake my tokens.
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I expanded a little bit my investments and revenue channels. Hopefully, this will not kick me in my but.
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Slow and steady wins the race ;) I am sure you will reach your target as soon as possible and best of luck for that.
Thanks, the game launch will be the one setting the mood for this move. We shall see.
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There seems to be some drama these days there now ... there was what some call it an expoite ... becouse of the low liquidity of GLX, few pumped the price to 0.12 for a short period, converted to GLUSD at this price, and bought packs for cheap. There was something like 250k GLUSD created and around 3M GLX burned at that price.
You can look at it as a price oracle manipulation.
I was surprised to see that they havent implemented a longer timeframe for the conversions.
Anyways lets see whats next...
Wow, that's quite an exploit. Still, packs cannot be sold, but on the other side neither should they block any account as it was their own doings. Hopefully, they will put better measures to secure future such movements.
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You are real motivated with it. Hope that you manage to get a nice return out of it. I still did dump most, but will start staking now.
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Im just staking no reason to unstake i have made my entire inv plus prob 1x extra so everything is gravy and if i can sell at 15 bucks in gs even 10 ill be happy as my cost was 4.16 less packs and perks so 3. something so looking at 10 more than a 3x roi and 15 40-50K plus the 20K earned in GLX. Luckly i am pretty sure i get at least 2 validators with 20 sps licenes hoping 1/1 lol
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I have joined the GLX, but I not able to claimed my tokens. I'm using mobile and tried, so I bought some tokens instead !
Congrats on achieving the 4th milestone and I am sure you will make the next one with 20k too. All the best
I'm still sitting on the fence regarding Validator licenses... I am heavily into the GLX staking, but still not sure about licenses... You said it right, the investment return will go slowly and that's my main concern... I know it will eventually come back, but I prefer staking and possible LPs into the diesel pools when rewards for that come... According to the whitepaper, it should happen soon...
Anyways, I'm excited about the tokenomics and the game itself... From my point of view, tokenomics are much better than Splinterlands and that makes me very bullish about the whole project...
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