Invenium Corporation operates on the Hive blockchain, which allows for fast, feeless transactions and is a subsidiary of Splinterlands. Currently on the Invenium operated site known as Genesis League Sports hosts the game known as Genesis League Goals. A second app is being introduced that will be the Hive Blockchains first Sports prediction market. That new upcoming apps name will be Prime Pick. Highlighted below you will see some mechanics of GLS/ GLG and Prime Pick.
GLX Token:
The governance and utility token for the
Genesis League Sports ecosystem.
Play-to-Earn:
Play the games on the GLS platform and earn rewards for doing so.
Franchise License:
A one-time purchase of a Franchise License is required
to unlock play-to-earn rewards and ranked play for GLG.
Similiar to a Spellbook purchase in Splinterlands.
Prime Pick hasn't launched yet but it is designed to use a two token system to reward those who participate. A dual-token system — POWER (fuel token) and GLX (reward token). Players burn POWER to buy prediction shares on game outcomes. When the event resolves each winning share pays exactly 1 GLX. All POWER used is permanently burned making POWER (fuel token) deflationary. All apps on the GLS platform must utilize the GLX Token. Both Prime Pick and Genesis League Goals does so.
Q: What determines share prices?
A: Prices rise when more users buy a given outcome and fall when demand decreases.
Q: Why might I get fewer or more shares than quoted?
A: Shares are calculated at execution time (10–30 seconds after burn). Market movement during that window changes the price.
Q: What happens to burned POWER?
A: It’s permanently removed from circulation, creating a deflationary effect.
Q: How much can the burn rate vary?
A: Between 25 POWER : 1 GLX (minimum) and 500 POWER : 1 GLX (maximum), with a target of 100 : 1.
Q: ** Can I sell shares before the match ends?**
A: No. Shares are held until market resolution.
Q: What ensures the system can always pay winners?
A: Only 72 % of the total GLX reward pool is ever at risk, leaving reserves for all payouts.
Tribaldex: https://tribaldex.com/trade/GLX
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Genesis League Goals is the flagship game of GLS. Currently its the only game hosted on the GLG platform but as showcased above another app known as Prime Pick is destined to be featured on GLS. Genesis League Goals is a game built around one of the most popular sports in the world, soccer. Players are able to create teams in the form of NFTs, manage soccer teams and compete against the competition. Whitepaper: https://whitepaper-goals.genesisleaguesports.com/game-overview.
Two-player dueling card strategy game.
Player team building and team management based on NFT roster of players.
Simultaneous, single-tap actions over multiple turns as both players
try to advance the ball down the field to win.
Player cards have upgradeability through slots that allow players to
add buffs to the card via new equipment or skills.
This also adds to the variety and uniqueness of cards traded in the marketplace.
Coach cards provide additional buffs to matches.
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The GLG game utilizes in-game assets that can be found in packs. The GLG packs are known as GMLSPA Packs. These packs can be found on markets such as TribalDex (Powered by Hive-Engine) and contain five in-game assets. Cards within these packs come in four rarity levels; Common, Rare, Epic, and Legendary. Each card found in a pack has a 2% chance to turn gold. Combining cards levels them which gives them better stats. Gold cards can not be combined with regular foil cards. Are you ready to get started? Yes (Great); Click the following highlighted link to do just that. It will bring you to the sign up page: Click This Highlighted Link.
Genesis League Sports has a sister site known as Arcade Colony. The flagship game of Arcade Colony is Moon Karts (A racer style game). Other notable games on the Arcade Colony site include Genesis League Sports (Soccer game), Splinterlands (The game that started it all), Stake House Den (Casino game), the Arcade Colony site also features an App called Enable All (AC Affiliations). Arcade Colony has its own governance token named COLONY. The COLONY token can be traded on Hive Blockchain apps such as TribalDex (Powered by Hive-Engine).
No financial advice has been given in this post. Always do your own research before investing any of your hard earned currencies. If you have any questions about sign up fire away in the comment section and I'll do my best to help you on your sign up journey. Thanks for visiting us here at the Rentmoney blog. You doing so is very much appreciated. See you at our next post. All images have been sourced throughout the post.
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