Arcade Colony: SPS, GLX and COLONY Tokens
Hello gamers! If you are playing Splinterlands, Genesis League Goals and Arcade Colony games, you can further optimize the tokens you earn from each game.
The Tokens
SPS
SPS is the governance token in Splinterlands. Players earn it from playing the game. You can stake it to earn staking rewards, gain voting power for governance and increase the percentage earnings from battles.
GLX
GLX is the governance token in the Genesis League Sports (GLS) eco-system. Staking GLX allows players to earn staking rewards, gain voting power for governance and earn more in-game rewards.
COLONY
COLONY is the governance token in the Arcade Colony eco-system. It has one live game, Moon Karts and two games in development, Hyperrail Blaster and Stakehouse Den. Players can stake COLONY tokens for voting power in governance and to earn additional rewards. There are no staking rewards for COLONY.
Synergy Among the Tokens
Earn COLONY by Staking SPS and GLX
You can earn COLONY tokens by simply staking both SPS and GLX. This is on top of the rewards received from staking both tokens individually. This is already the second year of COLONY airdrops from staking SPS and GLX and the rewards have tripled to a total of 63m COLONY airdrop, 31.5m to staked SPS and 31.5m to staked GLX.
How to Earn COLONY token airdrops
To qualify, players need to have BOTH SPS and GLX staked. At least 5,000 SPS staked on the Splinterlands platform and a minimum of 10,000 GLX staked on Genesis League Sports or Genesis League Goals. 50% of the airdrop will be distributed to users who have staked SPS, while the remaining 50% will go to those who have staked GLX.
How to Claim the Airdrop
Users must ensure they have the required amount of GLX (at least 10,000) and SPS (at least 5,000) staked on the appropriate platforms.
A snapshot will be taken daily at 14:00 UTC, and airdrop tokens will be distributed shortly afterward to all eligible accounts. Airdropped tokens will be added to your claimable balance on https://www.arcadecolony.com/
Final Thoughts
With the recent success of Splinterlands Conclave Arcana and updates on Arcade Colony and Genesis League Goals, we may see some value return to these tokens. Already Splinterlands SPS and DEC have risen. If Arcade Colony and GLS follow the Splinterlands roadmap then it's reasonable to conclude that their tokens will follow the same trajectory. I don't have staked GLX yet but I already have SPS staked. I'll have to buy some to qualify to the airdrop.
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