Was opening GLG packs worth it?

There are only 28 days of pack staking left and at this point, I feel like we have to ask the question. Was opening packs actually worth it?

We're all eager to start playing the game and earning GLX tokens from our assets but with the launch still some distance in the future, what is the point of owning NFTs in the game? I mean, after opening the packs and seeing your NFTs, there's really nothing else to do with them.

I'm looking at the market now and I notice that there has been less than $100 worth of sales in the past 24 hours. It has actually been this way for the past couple of days, and it sort of makes you wonder why we eve opened the packs in the first place.

I had my doubts about opening packs but due to my @jongolson syndrome, I couldn't resist and ended up opening around 80 packs or so. I can't remember the exact number but I made a publication about it.

At the end of the day, I managed to keep 30 packs unopened and staked to continue earning GLX tokens. It also seems like there weren't too many people willing to miss out on the GLX from staking packs and didn't open their packs either, based on the daily earning from pack staking.

Prior to enabling pack opening, the daily earning potential from one pack was around 0.673 GLX per pack per day and after pack opening was launched, it rose to 0.717 GLX per pack per day. This indicates that the reward pool for pack staking became less "clustered" but only just, as the daily GLX earning only rose marginally.

One of the reasons I decided not to unstake 30 GLG packs was that I was banking on the hype around opening packs to lead to a dramatic spike in my earnings from staking the said packs. Unfortunately, it looks like there were many others that were also thinking along the same lines, so the increase in staking reward wasn't quite as dramatic as I intended.

Dumping packs and cutting losses?

The price of packs has dropped dramatically in the period leading up to today. At the time of writing, each pack costs around $1.89, a massive drop from the $3.2 range it traded at only two weeks ago.

I believe this drop in price is a sa result of a combination of factors that includes the general state of the market, the current uselessness of the NFTs inside the pack due to the game not being launched and the overall apathy that GLG is facing from investors.

All the early enthusiasm has dissipated and now, most people are just waiting for something to happen. Unfortunately, it has been an underwhelming series of events that has culminated in GLX trading below 1 cent and $64 24-hour trading volume in the NFT market.

As the days go by and investor confidence continues to dwindle, we'll continue experiencing lower lows and I fear this could drastically hurt GLX in the short term. Long term though, I still have high hopes for this project and I believe all we're going through now is a setback that needs to be circumvented before the goodness flows.

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