Genesis League Sports (GLS) is a blockchain-based, play-to-earn gaming platform and ecosystem specifically designed for sports games and NFTs. Similar to Splinterlands, players can collect, trade, and compete using NFT cards.
In 2023, Invennium Corporation was created by the team behind Splinterlands. Its goal (pun unintended) was to create sports themed NFT games. One of the flagship games within the GLS ecosystem is Genesis League Goals, a turn-based soccer strategy game where players can create their own teams, play in matches, and earn rewards. The game is fast-paced where players can earn tokens and NFTs.
Tokenomics
The Genesis League Ecosystem has three tokens.
Genesis League Governance Token (GLX)
GLX is a governance token that enables users to participate in the GLS ecosystem. Users with staked GLX will have a say in how the overall game and ecosystem work. This is the same as SPS in Splinterlands and Colony in Arcade Colony.
Genesis League Stable Token (GLUSD)
GLUSD is a stablecoin accepted in-game at a rate of 1 GLUSD = 1 U.S. Dollar. Players can use this token to buy packs, rent cards, and purchase other in-game products. This is similar to DEC in the Splinterlands game and Script in Arcade Colony.
Genesis League Game Time (GLGT)
GLGT is a token representing “time staked” and will be awarded to players who stake GLX tokens or hold validator node licenses over time. It will be used to get discounts on products and exclusive/early access to promotions. This is the same as Voucher in Splinterlands.
Play to Earn Rewards
In Game Rewards
Players can earn tokens as in game rewards based on time spent playing, skill, asset owned or rented. Winning matches will also contribute greatly to rewards. In addition players can earn NFTs as rewards.
Staking Rewards
Players can also earn tokens by staking GLX. Each game within the GLS ecosystem will have their own reward pool. Players can apply their staked GLX tokens to one or more of the games within the ecosystem to earn rewards from that game's pool.
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