GLX airdrop has been ongoing and still, its remaining for 203 days. The reward distribution happens every day and I have been accumulating all the tokens that received as part of the airdrop. I even bought some GLX and staked it in my account because the current APR is very good. Its been more than 5 months of airdrop but still, the APR is over 100% which I think is very good. The APR started with a very high percentage which happens when the project starts and with the passage of time, it goes down. Here in this case also, the apr followed the same trend, and even now its more than 100% so I can say that its a worthy option to choose.
GLX is Undervalued
GLX is the governance token for genesis league as SPS in the card game. Things are similar to SPS where apr is good and there will be multiple benefits for holding long term which is also provided with SPS. I believe that this is a good strategy for the project to encourage people for holding tokens for the long term. This is required for the strong token economy and if more people hold for the long period then the selling pressure will not be high which allows the project to focus more on development and value addition. It is obvious that some people and a profit at any price because they are considering it free money but if some people who are holding bigger quantities don't sell then it can keep the balance.
I can say that GLX is undervalued at the current price and there is no benefit of selling the token as of now rather buying can be a good idea. While I am trying to accumulate all the rewards I receive but I also try to buy some from the market whenever it is possible for me and grow my overall stake.
My Holding
As I already mentioned that I am trying to accumulate all the rewards that I received daily and even I buy tokens from the market so now my current holding is over 11k GLX. Distribution will be continued for another 6 months approximately and I expect by end of the AirDrop my holding will be more than double of what I am holding now. I do not know how many tokens I will be able to buy in between but it is going to be a good amount I expect and with the higher apr the holding will also grow faster.
The only reason why the price is low I believe if that the game is still under development and this is why there is no use case in place. Once the game is available then I am sure the token will get more attention from the players and that is but will help the price to grow further.
Even the node license sale has been ongoing for the Genesis League game and I can see that still there are enough quantities available to purchase which I am planning to do soon but I will need to arrange some funds. License is a kind of mechanism that brings more decentralization to the game. The power will be given to the community which is a great idea and in its development I expect the game will be much more valuable provided the functionality is enabled in the game.
Overall I can say that finding GLX now and keeping it in the account to earn an apr of over 100% is a great idea. Altho this percentage will keep on fluctuating and there is a high probability that it will go down. By the time it will be down and less than 50% then also we can earn a decent reward in form of additional GLX tokens. I am happy to earn an apr of 119% and will continue to grow the holding so that I can earn almost the same even when the APR is down because an increased holding will maintain the balance. I hope to have similar holding like SPS with GLX as well and once I make it 100k SPS then will focus on this side as well.
Thank you