Genesis League Sports: All You Need to Know

over 1 year ago

What is Genesis League Sports?

Genesis League Sports, abbreviated as GLS is a web 3 blockchain-based, play to earn gaming platform and ecosystem specifically designed for sports games and NFTs. GLS is designed to host the ever-growing catalog of games across a plethora of sports types. GLS is also built to secure partnerships with major sports leagues and organizations around the globe.

GLS is a decentralized gaming ecosystem that allows true player ownership of sports related digital assets in addition to a Decentralized Autonomous Organization (DAO) that will give players governance control over many aspects of the platform. It provides a secure and user-friendly blockchain experience for gamers and sports fans.

Which Blockchain is GLS Built on?

Genesis League Sports (GLS) platform, is built as a second-layer solution on top of the Hive blockchain, alongside all of the individual games that run on it.

Hive is a multi-layered innovative and forward-looking Decentralized Proof of Stake (DPoS) blockchain and ecosystem, designed to scale with widespread adoption of the currency and platforms in mind.

Hive combines the lightning-fast processing times and fee-less transactions, and is positioned to become one of the leading Web3 blockchains used by people around the world. Hive acts as the backbone for a selection of tokenised communities and dApps.

To have a GLS account, just create a Hive account.

What sort of Games are Expected on GLS?

GLS is designed to host a plethora of sports games. NFT versions of every sports game anyone can ever imagine is possible to be hosted on GLS. This would be made possible by the scalability feature of the Hive blockchain.

Genesis League Goals (GLG) is the flagship sports game on the GLS platform created in partnered with Major League Soccers Players Association (MLSPA) to create a rapid tactic strategy game that will utilize NFTs, cryptocurrency.

In Genesis League Goals, players will engage in the game by collecting their favorite MLSPA player cards, building their decks, and competing in turn-based, head-to-head matches for the winning score.

Who are the Developers of GLS?

Genesis League Sports is a second major Web3 game created by the team that built Splinterlands - a top blockchain-based, play & earn battle card game in the world.

Splinterlands Inc is the hit blockchain video game company leading the Web3 GameFi market worldwide. Splinterlands Inc was founded by friends Jesse “Aggroed” Reich and Matt Rosen in 2018. source

What are the Official Cryptocurrencies of the GLS Platform?

The Genesis League Sports Platform is tokenized and users will utilize three types of cryptocurrency tokens. They are:

Genesis League Governance Token (GLX)
Genesis League Game Time (GLGT)
Genesis League Game Time (GLGT)

Genesis League Governance Token (GLX)

$GLX is a governance token of the GLS platform, $GLX enables users to participate in the decision making in GLS ecosystem. Users with staked GLX will be able to create a proposal and vote same to add/subtract within the GLS platform. Presently, you can earn $GLX by staking $SPS.

Genesis League Stable Token (GLUSD)

$GLUSD is a stablecoin in the GLS ecosystem. $GLUSD will be accepted in-game at a rate of 1 GLUSD = 1 U.S. Dollar. $GLUSD can be used to buy packs, rent cards, and purchase other in-game products.

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. GLGT would be a sink to help make GLX more healthy. It will be used to get discounts on products and exclusive/early access to promotions within the GLS platform.

Possibly, a future Game-Specific token.

Conclusion

Now you have known the basics about Genesis League Sports. It's no mpre time to sit at the fence. Get involved and be a part of this novel creation bridging gaming category of the blockchain/cryptocurrency world to the huge sports sector. GLS according to the Splinterlands team "will prove a watershed moment for blockchain technology’s permanent presence in the future of mainstream gaming."

More information on Genesis league Sports

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.