Exciting times are here for sports game lovers as Genesis league Sports (GLS) an emerging blockchain-based, play to earn sports gaming platform launches its tokenomics system. This expansive tokenomics system for GLS was announced on Tuesday, November 8 by Jesse "Aggroed" Reich, who doubles as CEO of GLS and GameFi leader, Splinterlands.
The GLS tokenomics system would now allow for users to interact/engage the Official Cryptocurrencies of the GLS Platform viz: Genesis League Governance Token (GLX), Genesis League Game Time (GLGT), and Genesis League Stable Token (GLUSD). The basic thongs you should know about GLS and the three cryptocurrencies can be read in this post.
Prior to this new development, $GLX was only earnable as an airdrop to Splintershards (SPS) stakeholders within the Splinterlands game. The airdrop having run for 14 days already will last for one year. The Splinterlands team has always maintained an upbeat to ensure that its users are placed first as well as ensure that wealth is accumulated and compounded through its multi-faceted GameFi products.
Rewarding Splinterlands asset holders with a year-long airdrop is a Splinterlands-only thing in the entire cryptoverse. This informs why Splinterlands assets has always been the delight of GameFi investors and their NFTs packs worth millions of dollars would always sell out within split of seconds.
The journey to this expansive tokenomics system of the Genesis League Sports platform started with the listing of $GLX on hive-engine, TribalDex and LeoDex for buy/sell. The volume of $GLX trade is approaching $100k worth in less than 72 hours. This shows a powerful marketing strategy by the Splinterlands GameFi company.
The gaming platform's new tokenomics will pave the way for the launch of its flagship game, Genesis League Goals (GLG) - a soccer-based card strategy game which is set to release in early 2023. Anyone can signup for a new Genesis league Sports account and link same to a hive account or create a new one to be able to profit from the market effects that would be surrounding the GLS tokens.
Below are the timelines and related activities bothering GLX, GLGT and GLUSD:
- November 8: Listing of $GLX on hive-engine.
- November 8: Trading of $GLX on hive-engine, TribalDex and LeoDex.
- November 9: Staking of $GLX on genesisleaguesports website.
- November 10: Claiming both $GLX and $GLGT as reward for staking $GLX on genesisleaguesports website.
- November 11: Burning of $GLX tokens to mint $GLUSD, a stablecoin and main in-game currency of GLS platform.
Already, $GLUSD and $GLGT have been created on hive-engine and sooner, full details and listing would ensue.
It is worthy of note that $GLGT will be used to participate in exclusive or presale drops and events on the Genesis League Goals platform. The team has also hinted that at the time of $GLUSD minting, users with an existing Genesis League account will be able to log in to the GLS website and manage their $GLX, $GLUSD, and $GLGT.
This is the beginning of another era in the sports gaming sector as remarked by Jesse "Aggroed" Reich, CEO of GLS and GameFi company, Splinterlands.
"We are truly cutting a path for the new era of sports gaming by building Genesis League Sports on Web3 in order to enhance the gamer experience," he said. "We are intentional and thoughtful in our approach to our tokenomics system, and we are always thinking of the game's longevity and our professionalism as a company navigating the new frontier of blockchain technology. This launch will be a great next step for our GLS community." - source
It's really time to get involved. Now is the beginning of the growth around Genesis league Sports. Taking a lesson from Splinterlands growth, we can expect something better in the sports play to earn platform.
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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