How to Mint GLUSD by Burning GLX

Players will, at any time, be able to burn $1 worth of GLX tokens for one GLUSD token. Simply put, if the time-weighted average price of GLX is $0.50, users will need to burn two GLX tokens for one GLUSD token.

NOTE: Please note that users will receive 97.5% of the value in GLUSD as a buffer to prevent potential price manipulation exploits.

1. Log in to https://goals.genesisleaguesports.com/. If you do not have an account, please register one using any of the available options. Here is a complete guide to Registration.
   
   
   
   
2. Navigate to the token bar on top of the page and click on your GLUSD Balance.
   
   
   
   
3. Click on the Get GLUSD button. It will take you to the GLUSD mint screen.
   
   
   
   
4. Enter the amount of GLX you wish to burn or the amount of GLUSD you wish to mint. Click Convert. This will prompt Hive Keychain to open and ask you to sign a transaction.
   
   
   
   NOTE: Please note that users will receive 97.5% of the value in GLUSD as a buffer to prevent potential price manipulation exploits.
   
   
5. After signing the transaction, GLX will be burned to mint GLUSD.
   
   

If you want to learn more, visit our Frequently Asked Questions (FAQ).