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RE: Genesis League Goal: Packs staking is now available! - Step by step guide - My considerations and my GLX strategy (ENG/ITA)

in Olio di Balena • 2 years ago

So many different strategies and approaches to this future game... For example, I'm doing completely opposite to your way... 😃 Exchanging SPS to GLX and staking it... I know that the price of GLX tokens will go significantly down, and probably go under the price of the SPS tokens, but the current APR (that will also go down), is too good to not to be used... The price of GLX will go down (in my opinion) to 3-4c, but on the other side, with declining APR, there is a chance to double (or triple) the amount of mined tokens... This means that I could be at ZERO... But... There is another token that is currently mined and has no value, but it will have... That is another level of income, plus diesel pools in the future... But we will see...
Regarding packs staking, if I have calculated well, with the imminent GLX token drop, the APR on that could be around 10-20%... So, not that interesting at this moment, but holding packs for the long term has sense as the price will bump to $10 and more in the future...

Of course... Before all that, I hope that we will see some beta version of a game...

Cheers and thanks for sharing your view!! I like your posts!!!

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 2 years ago  

So many different strategies and approaches to this future game... For example, I'm doing completely opposite to your way... 😃

Yes and that's really the fun and interesting part of these presale projects, there are really a lot of strategies to follow and they all have a right logic.
Consider that I have changed my strategy at least three times :) !LOL
I after the experience with airdrop of SPS tokens decided to follow a more or less balanced strategy between seeing and staking.
At first with an APR of 4000% I doubled the tokens in stakes in a few days then started selling them to buy other assets.

Personally I think the value of GLX tokens may drop in the next few months even 50% from the value it has today because unlike SPS tokens GLX tokens do not have a playable game and their number in circulation will increase but of course this is just my personal prediction.
With a current APR of 700% your strategy is absolutely valid

but holding packs for the long term has sense as the price will bump to $10 and more in the future...

Completely agree with you and before the presale ends I plan to buy some packs just to do holding ;)

Thank you very much for your comment and for sharing your strategy and point of view which I really appreciated
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