There are exciting things ahead for GLX holders. Today we discuss the new sports waging platform in the GLS ecosystem, called Prime Pick. Is it worth getting excited about? Is it worth buying more GLX to participate? You decide. Below is a preview of what the interface could look like.
A new project launched within the GLS ecosystem? Sounds dope. I have been looking forward to that "2nd game" for a long time, and it seems this is finally it. Not really an actual game, and it doesn't seem like they will be selling Prime Pick NFTs (who knows?). More like an additional feature designed to derive value directly into staking GLX. As a major holder of staked GLX, I can get excited about that for sure. Holding GLX is already a promising play because of the Colony airdrop about to triple, and for the next four years will continue to multiply. With Prime Pick, it appears that your staked GLX will earn you extra GLX and not just Colony and GLGT tokens, which makes it even better I guess. But how will it work? Aggy gave some explanations :
Interesting concept. From the user's standpoint, I vote on a bunch of sports prediction and get rewards. You can only win GLX, not lose it, which makes it less like gambling and more of a predictions-based reward platform. The real "buy-in" is staking the GLX, then you are paid for continued participation. Is this enough to get around gambling laws? I'm not a lawyer, but you could potentially argue either way. If this blows up and becomes popular, people will definitely see it as a "gamble" to buy enough GLX to participate and get rewards. As someone who already has GLX, I have nothing to lose and this will give me more GLX over time, so I will participate for sure.
There is 148.715M GLX staked right now, and with GLX at $0.00041, that is just under 61,000$, truly a microcap. Buying 1% of the stake would cost approximately 610$ at this time. A worthy investment? This is up to each individual to judge for themselves (NOT FINANCIAL ADVICE). We may one day look back at posts like these with astonishment. If GLX goes TO THE MOON and GLS apps become well-known and popular, newcomers will wonder how GLX could ever have been this cheap. How did it fly under the radar for so long?
So, is it worth getting excited about Prime Pick? For me, it is. How long until the platform is ready though? I'm not holding my breath, but I will play it when it comes out. It's good to see that work is happening to drive value into the GLX token. That makes me bullish as a GLX holder. Thanks for that!
And thank you all for reading!
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