I was talking with some people about GLX the other day.
The GLX tokenomics are structured to funnel all demand for GLG packs into GLX.
That demand is the critical piece.
If the game finds success, GLX is a rocket ship and you'll be on part about reaching $10 and being mad you don't have more.
If the game does not find success, we're on the way to zero and you'll be mad you lost all that money.
Which way will it go? No idea!
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Personally I haven't purchased any and only sold a few days drop worth when the price was higher. GLX is an easy hold. I much rather lose out on $0.03 per token than $10 per token. The choice becomes easier when one is getting them for free for staking SPS.
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Yeah, very asymmetric when you put it like that
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Or you just stake a bunch of SPS and then if GLX goes to 0 you can just say "oh well, it was free anyway!".
Also, it won't just be GLG - GLX will be tied to every game on the GLS platform.
This is basically what I have done.
Sure, but in crypto terms that's infinitely far away.
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What's cool is it's all profit for me because of holding SPS so for me it's worth the "risk" to hold and see what happens instead of sell for pennies. Glad I continue to stack SPS
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Having staked SPS is definitely the easy way. Just don't be too mad if it goes to $10 and you don't have more.
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i covered the 'if it goes to zero' thingo. Sold some and bought something else. Now looking forward to the other scenario :)
Free-roll is the best roll.
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Swami SAYS, been converting ALL of the GLX tokens (~ 150 per day - including interest on the 100 packs to access Beta (successfully bought now ) - which are technically worth $500 USD). Swami SAYS, been using the GLX (converted into swap.eth) to buy cards in Sorare - a more ESTABLISHED game which is similar "enough" to what GSG will probably be. Swami SAYS, it BEHOOVES every-ONE to be able to use ONE'S crypto ASAP - instead of obsessing on "pipe dreams" - especially with the general over-rated execution of the GSG project thus far. Swami SAYS, debating whether to unstake the 2,000 staked GLX which is in there right now, and also pumping out ~ 50 GLX daily interest from the stake. Swami SAYS, heard today that GSG is running some sort of marketing campaign, and doing a Town Hall soon. Swami SAYS, may cancel the unstaking before these events, to see if they can instil enough confidence to motivate ONE to keep the tokens in there - versus the opportunity cost of extract that value and using it more immmediately, and in games which are properly established. Swami SAYS, can always use some of the wins from similar games, like Sorare, to buy up GLX tokens in the future, if/when the GSG team gets their act together. Swami SAYS, ""The cryptogods" GIVETH, and "the cryptogods" TAKETH away" ... #SwamiSays