Let's start february with 88k GLX staked!
Welcome Guys!
This is second month of 2023 year - february. This is also good time to show you how much during last month changed my glx stake. If you missed out my first post about powering up my glx at start of the year, then you should read that one here: https://peakd.com/hive-167922/@atnazo/i-powered-up-some-more-glx-and-now-at-start-of-the-year-2023-have-66k-glx-staked
I hope so that I will not forget about making post at least every month to show my progress.
Start of 2023 year:
- January - 66k GLX staked
- February - 88k GLX staked
- March - ?? GLX staked - maybe 100k?? all is possible!
Change over one month - 22k glx in stake, which is 33% more glx staked! I think that is a huge part of my total stake and as I wrote a month ago
I am still thinking what gonna be next? 67k..68k..70k.. or maybe 100k in the future hmm we will see! I know for sure that it not gonna be my last word in this area and you know what.. we just started this year! :) So let's say that is my starting number and then we gonna watch growth of it!
So now I can confirm that I have achieved this goal of at least 70k glx. Now I have 88k in stake, so I am only 12k away from my initial goal for year 2023 and guess what? It only second month of this new year, so there so many area for more compounding my staking rewards and of course more time until end of the year to accumulate more!
Now let's talk about APR. How much changed over one month?
At start of year 2023 it was 361% after one month it decreased to 214%. It's really a big change february started with only 59.2% of previous month APR.
Compared to january my share of total staked glx is much lower only 0.188225% compared to 0.238043% from last post. It's caused by pack staking - there 15kk pool for pack holders, which staking their packs. I am not owner of any pack and I think it will not change at all in the near future, because I focus now only about token glx in this ecosystem. My total share decreased over time and of course my daily rewards from staking are much less than before. We talking about 515.737 GLX per day compared to 652.238 GLX from last post. In total this month started with 136.501 GLX rewards less than before.
My initial goal - 100k GLX staked
If I will stake like 500 tokens per day I can achieve this goal in about 24 days, so it really possible that in next month I should talking about my 100k in stake. Of course I don't know the future, maybe things can happen during that. Maybe future price change my plan, but still I want own at least 100k it's 100 000 tokens that's huge! After that I will think what next, but my thought you will know in next post after a month.
Now I am about to finish writing this post and this is my current stake + unclaimed rewards.
See you in next month!
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wow thats a lot of glx, im now mostly in sps just started so im passively a little in glx too, question is : is it worth to invest in glx in long term? also is second token GLGT useless or using for something? are you staking sps too?
I moved about 90k SPS into GLX and now what I still have is enough stake to play in all silver tournaments and for me at least for now is minimum of my staked SPS. I not plan to unstake more sps, now I try to just earn more SPS.
When we talk about GLX many people says that have much better economy with funds locked for further partnerships, which is really cool. APR is still crazy and drop a little day by day. The point is that there is no game now, but there no active bots, which can dump GLX. GLGT will be soon available on hive engine and we will see price discovery. With that token you can have 5$ discount for genesis packs, so should be worth something.
My goal at least in the future is to exchange some of my glx to more hive, because I need to have more hive power for tons of transacions with my cards on blockchain :D
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