Yes, the mining rate will always be $10 wagered for 1 GLX, and it won’t increase over time. As for the $1,000 wagering requirement to start mining, we set this to ensure long-term sustainability of the token and to keep dividends meaningful for those actively engaged with the platform.
I believe you guys should still reconsider and reduce that wagering requirement to half as $500 would be a good enough wagering goal for someone to begin mining of that GLX token. It's good to know that $10 wagered = 1 GLX and that's a really good way to mine the tokens but the initial $1,000 could be hard for the players who use low amount for betting. That's why I believe $500 is going to be much helpful for all players.
I second that idea or I would even cancel the requirements. There has been some discussion about this on this topic but it is unlikely they will change their requirements. They have their reasons do it but multiple members already asked to reconsider the rules with no success.
We really appreciate your feedback and the suggestions.
The $1,000 wagering requirement was set to ensure that GLX remains valuable and that mining is tied to active engagement rather than just passive accumulation. This helps maintain long-term sustainability and prevents an oversupply of tokens, which could affect dividends and the overall token economy.
That being said, we’re always open to reviewing our systems and making improvements based on player feedback. While we can’t promise immediate changes, we will take this into consideration and discuss internally to see if adjustments can be made to make mining more accessible while still maintaining balance.
Thanks again for sharing your thoughts—it really helps us improve and shape the platform! 🚀