Since yesterday it is possible to stake GLX tokens on https://genesisleaguesports.com/. It's in the very first days that the APR is the highest. There is a fix reward pool for staking but since very few tokens are in circulation and even fewer are staked, the APR for staking is amazing.
In 15 minutes, I managed to earn 1 GLX staking reward for 600 GLX tokens. This means that at that moment, I would earn 4 GLX per hour, 48 GLX per Day or 17'520 GLX per year...
If my calculation is correct, the staking reward would be around 2900 % APR !
In addition to that, you also earn another token for staking your GLX. It's the token that corresponds to the voucher token on Splinterlands: GLGT token. This one can't be traded yet but it's an additional income.
When you stake GLX, you not only earn GLX tokens but also GLGT tokens
A lot of work when you have several accounts
Since the GLX airdrop is paid according to the number of SPS tokens staked, you need one Genesis League account for every account you have SPS staked. You need then to stake your tokens for each account separately and it can be quite a lot of work. At the moment it's is however worth it. The tokens that you manage to accumulate now, will work for you in the future.
What about the GLX price?
It is now also possible to transfer your GLX tokens to tribaldex and trade them there. At the moment the price for one GLX token is around 0.47 Hive. In my opinion it's quite expensive because of the high APR people want to claim tokens now. Over time, when APR for staking becomes smaller, I believe that the price of GLX will rather go down.
Want to start to play? Join my referral program!
Join Splinterlands using this link, buy the Summoner Spellbook and I will send you 200 DEC tokens
Join Rising Star using this link, make 100 missions and I will send you 1000 Starbits
This action is only valid for people who actually are my referrals.
Let's connect ! You can find me on these platforms: