Nothing is as soothing as entering into an investment at a good time when yield is at it's best. This that are familiar with the DeFi( Decentralized Finance) environment would agree that the earlier the better. This is because rewards for participating in deFi are shared as a proportion of an investor's stake to the total asset staked.
With many failed crypto projects, some investors could be skeptical with putting in a lot of cash at the beginning of a project, but certainly not with a Splinterlands' powered project on hive blockchain.
700 GLX staked yields 2000% APY in less than 24 hours
I've had a great bias for true blockchain projects that are related to sports because I know th sector is untapped, yet, has the capacity to lead mass adoption into crypto and blockchain technology.
Splinterlands' latest sports-based blockchain gaming platform has made rounds of news in the last few weeks. Genesis league Sports (GLS) is an emerging blockchain-based, play to earn that would sure change the narratives with sports gaming.
Staking of the governance token, $GLX, for the Genesis League Sports platform was enabled yesterday. I was privileged to have bought some 700 tokens and also made an early stake of the token. My decision was due to thr fact that I missed the early engagement of Splinterlands game even when I was active on hive.
It is beautiful to have observed on the GLX dashboard this morning that my 700 staked $GLX has yielded 38 GLX and 1.3 GLGT tokens. That's an incredible win. That accounts for about 2,000% APY at the moment.
I know the APY for staking GLX would decrease once many crypto whales jump into GLX. It really feels good to be among the earliest earners of GLX by staking.
How to Stake GLX
Staking GLX is quite a Simple task. Let me run you through the process that can be done in 2 minutes.
Step 1: Log into genesisleaguesports.com. There is now a login tab. Hit it and login.
If you don't yet have an account, head to this post where I shared in details how to open a new Genesis League Goals account.
There are many login options. Either with your email and password or with a linked wallet. I prefer to do that with my hive wallet. It's safe and more secured.
Step 2: Withdraw GLX from your Hive-engine wallet to your GLS wallet if you are not receiving enough from the airdrop. Here's a guide on how to buy/sell GLX.
After getting enough GLX, refresh your page and confirm the amount is recorded in your GLS in-game wallet. You're good to go.
Step 3: Hit the stake GLS button. The GLX dashboard is simple and easy to navigate. A dialogue box would pop up requesting that you type in the amount of tokens you want to stake.
Confirm your transaction with Hive keychain and wait for the successful staking banner.
Your staked GLX balance would have been updated and you go wait for at least 24 hours to start claiming your $GLX and $GLGT.
Splinterlands team has created another path for wealth to sports game lovers and it's incredible. I see GLX perform better than SPS. It's already trading at more than double of SPS price.
Jump in now while it's still early and more profitable.
You can now start trading your GLX for SWAP.HIVE.
Splinterlands game is termed the "next generation of collectible card games" in which allows players to collect, trade, and battle with provably scarce digital collectibles with real-world value. Battles on Splinterlands Unlike most trading card games, are fast and furious, and are usually completed within few minutes. The Splinterlands gameplay is simple and easy to learn viz: reviewing combat rules, making and submitting of the team and watching the battle unfold.
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