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Hi, my fellow hivers I hope you are fit and well. We are seeing little positivity in the market which is good for everyone and especially bitcoin getting more adoption. Blackrock ETF approval can bring the bull season but it takes time because currently it is pending. Anyway, I believe that Splinterlands promotion strategy is decent, and time by time we have seen many promotional stunts by the team. Also, the weekly challenges play a big role in Splinterlands promotion. I want the GLX team should start this type of weekly challenge initiative so that more users will promote GLX.

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I am expecting that but We will know this after the game launch and this is gonna be an excellent move by the genesis league sports team. Weekly battle challenge and social media challenge are enough to promote genesis league well on different social media. Anyway, in this post we are going to talk about multiple things such as APR, price, DEC peg, and also my staking update so must read the whole post.

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APR And The Price Of GLX

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The current APR is 78% ad there are 121 days remaining for the staking rewards. Since everyone is busy buying sps tokens we can't expect a good move in GLX tokens but it is going up which is good. It was traded at around $0.007 and now the price is $0.011 and we can say this is a good jump. Although the price is going up that means people buying more GLX tokens. And obviously, they are going to stake those tokens to earn GLX good APR. So that's the reason APR is going down too. Above 50% is not a bad APR percentage and time by time it is going to reduce for sure.

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GLX correlates with SPS

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We can say yes. The GLX and SPS both are governance tokens and genesis league and splinterlands teams are the same. I think this is not a good way to say it because the genesis league game is also built on the hive blockchain and hive price can affect the GLX price. So if the hive price will go up, we will see a decent move in GLX token as well. But the main thing is the game launch which will increase the demand for GLX token because the game launch will increase the use cases and that is what is needed for any token to grow.

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DEC Peg Will Give Additional Push

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The recent DEC burning event did a good job but still, the DEC price is not showing a significant move. It will take time and when the hive price will go up, now it would be easy to hit the peg price for the DEC. Once DEC will hit the peg price and cross it, we will see more burning sps tokens. That mean sps will increase in price too. This will be the second big boost for the SPS and the first one is a staking requirement for multiplying your earning. Well, DEC is a stablecoin and the burning system at the peg price definitely maintains the price of DEC.

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My Weekly GLX Staking Update

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My main focus is to buy more SPS and that is why I am not buying GLX tokens from the market. But I am reinvesting my earning in the GLX and you can see that I have reinvested almost 5400 tokens and bought only 500 from the market. Airdrop and staking income are included in this. This week I have added 400+ GLX tokens in the staking. GLX price is going up which is why the total valuation is increased as well. After 121 days which is the timeline of GLX rewards, I will have approx 15k tokens which is not a good amount I will also focus on other methods to increase the GLX tokens.

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So that is what I want to share with you. If you want to say something regarding the above-given information, feel free to comment below. Also, share this post with #play2earn and #splinterlands tags on different social media platforms.

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Lucky Ali

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		Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested to learn new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥

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