GLX is the governance token for the genesis league sports game by the splinterlands. The AirDrop for GLX token was started in the month of October so it is being approximately 3 months and I have been trying to accumulate more tokens. The initial apr was very high however my holding was not bigger at that time but now I am happy to share that I have completed 5000 tokens in total. The initial price for the token was high and it went all the way to 1 hive. I was able to sell some tokens and buyback at a lower price.


![image.png](https://images.hive.blog/DQmZrbuRsV65SgpHbnPjto1mL81EhrAs5NJ7DvVfDuL3EZp/image.png)


#### GLX Goal

GLX is also like SPS and I want to have a good holding of the tokens as a stake. It is because I expect a lot of development and earning opportunities with this token in the long run. I am very happy with whatever I have right now and it is helping me earn approximately 28 GLX in a day. I hope that I will be able to achieve 10000 tokens total in the next few months. Now because I have made it 5k tokens in total so I will continue to increase the holding and try to get the benefit of this nice apr. 


![image.png](https://images.hive.blog/DQmPqEk8fSurGbJBAobLz2FabMwLssDdmGcVWMFEgrBnUyd/image.png)

[src](https://genesisleaguesports.com/token/glx)

#### Game is in development 

The game is still under development but I expect that we are going to have it live this year. As of now, I can't say what price we can express with the GLX however there are some other tokens also getting airdropped. I am not sure of the use case for those tokens but I expect they will be more information once the game is launched by the team. 


#### GLX holding and staking reward

My current holding is more than 5000 and I will continue to grow it further. As per the current affair, I am getting 28 GLX every day with an apr percentage of 205%. I must mention here that this is a very good return on the investment however I am trying to grow it further so it will help me earn more tokens. There are many things planned in the game and I hope it is a good time to build a nice holding instead of booking the profit now. I have no plan to sell any asset in the game as of now and this is why I believe it is a good time to build value. 

![image.png](https://images.hive.blog/DQmTBGA9s153XLwaUp9Y95shgNy8hHjq4jGHbrhqoKh9fGE/image.png)
[src](https://www.splintercards.com/tool-sps-stake.html?sps=&glx=5193)

***

They also have the plan to launch their validator license which I think will be a great addition to the game but as of now, it is very important to launch the game once the development is complete. Currently, the token is lacking the use case and this will be available only when the game is available for play. I am not sure how the experience will be but I assume it will be great like the sprinterlands card game. This should also be offering the reward option to the people who invest as well as to the players who are going to play an important role in the game. 

Let's wait to see how things are unfolded incoming once and what sort of opportunities will be available for us to grab. While it might take some time so it is a good time to increase the holding as later on it may not be possible because the price is most likely will grow. I try to ensure that every day I deposit all the tokens because there is no benefit if I keep it idle. It can also be a good option for passive income provided we have a focused approach to building a bigger stake. 


***Thank you***

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@alokkumar121/glx-staking-apr-is-over-200-and-5k-glx-stake-achieved)