After the announcement and token distribution launch I finally have some time to breathe so thought I'd post a little about the thoughts behind the Zing token distribution for those interested. I keep saying I'm going to post more but things keep getting in the way, but now that the cat's out of the bag with @holozing I may have quite a lot to talk about the project so maybe there'll be a lot more posts about it in the near future while trying to also post about something else now and then. :P
First of all, I think Zing distribution is quite unique. If you look at other "web3" games and projects being launched in the space, they don't shy away from raising funds, spending a lot of it on teams of developers, getting the token out there and already trading on big exchanges by paying for it, etc. Something many may not mention is that the founders and people at the helm most definitely pay themselves a nice sum of salary with it as well along with getting a large allocation of the token for having launched it and the idea.
This was something I wanted to do differently with Zing. Inspired not just by @threespeak and @theycallmedan behind the SPK token and @ragnarok.game distribution to Hive Power holders but also the way I always have been interested in token launches back in the day when altcoins were new and popping up everywhere - fairness. I feel like a lot of that has somehow gotten been but I'm glad to see it resurface here on Hive primarily.
Hive itself has a pretty good distribution. I've personally worked quite hard over the years to see to it as much as I could, that it continues to be distributed well and wide with a focus on newcomers through @ocd and its curation initiatives. The community here is quite robust and uses the tools at hand quite often to fight unjust distribution and point out shady things like vote-trading, milking/farming or other unwanted activities. While it isn't perfect and in my mind no other project will manage to perfect it or even get close to Hive's improvements over the years, there's something that could be said about Hive's initial skewed distribution that may still linger on the chain even after all these years, which is Steemit's initial "ninja-mine" of up to 80% of the token and the way inflation worked at the time. While we did the best we could when we forked away from the centralized chain by sending all stake we knew belonged to the company to the DHF and while we're pretty sure there's not that much of that stake lying around as most unknown accounts have left the ecosystem over the years, the effects that stake had through curation over the past 7 years made me not want to choose Hive holders directly as the primary distribution of this new token.
Another token on Hive would suit better for it in my opinion, this is of course a biased opinion since I'm the one that launched the project behind that token but let me mention why I believ so.
POSH started as a simple idea, an idea meant to support the front-end of the "suffering" company behind the steem network during bear market times and lay-offs to bring ad revenue in. This quickly proved to be pointless as the leaders of that company had other plans all along after news broke out it had been sold off, but once we migrated over to Hive it made even more sense to pursue the "proof of sharing" activity. We were now finally free from any dangerous stake that could centralize our governance and change rules at a whim, force us to censor accounts, content and even their balances. There was no central authority or single entity mostly profiting off of the success of Hive, instead any and all front-ends had their own reasons to succeed and that's what POSH attempted to help out with. Other than helping curation and stake distribution by seeing which posts & authors managed to bring more visitors to our ecosystem from the outside it also gave authors a reason to not just become more active outside of Hive but also build a presence there to amplify the reach of Hive and most of its users.
For a year or so POSH was mainly unrewarded, people shared their posts and got automated notifications that the bot registered their share without any direct incentives behind it. After a year a token was created. No pre-mine, no team allocation, and the only airdrop that occurred was to the users who had been collecting points all year by sharing their or other users posts on Twitter. It evolved over time, offering delegation in exchange for tokens in an effort to keep the price of POSH worth something so those sharing Hive links would get some value for their efforts.
Until the day Twitter and other web2 platforms decided to cut most apps off from using their platforms through unrealistic API costs. To try and keep this post a bit shorter, let me get to the point. POSH was thriving before this happened, it had over 3500 registered accounts with over 1500 of them holding some amount of POSH which was mainly earned. The reason I thought POSH would be a much better token to airdrop/claimdrop Zing to was because POSH wasn't something people attempted to cheat in similar ways they've for years attempted to cheat Hive through sybil attacks and the sort. POSH was never worth much and gaining it wasn't easy, it had a cost surrounding it where people had to pay for bots and whatnot on web2 to fake performance of their tweets which most of the time would stand out easily to curators which then got those users banned from the program.
At the same time POSH needed to shift, basically have a few more baskets than leaving all eggs in the same one. Seeing Reddit do something similar but not to the extent of Twitter it seemed obvious that relying on web2 for your main idea and usage wasn't going to be a good idea moving forward, but calling it quits on the project altogether was also quite a waste after all these years. Instead I decided that POSH adapts and does more on Hive than just proof of sharing which led me to combine its new focus with an idea I've been working on for years to connect them and bring value to Hive in a different way.
Starting the gaming project wouldn't be easy and it wouldn't be cheap. Even though Hive is great for startups and you aren't required to put a lot of money up front, have an amazing community here waiting to check your product out, etc, it still requires a decent amount, especially if you're aiming for it to be special and not just a tic tac toe game. I could've put money into it of my own but I'm not really a whale in that sense where it wouldn't hurt me and I was already planning on spending countless of time on seeing that this gaming project comes to life as it's been something I've been wanting to see exist and play for years now. The other conundrum was that if I funded it, it wouldn't be easy to also keep it pre-mine free. POSH on the other hand, had some extra funds now after Twitter removed 99% of its automated activity and we decided to stop buying up tokens for sharers since it was impossible to track all the shares without API automation. That's how the connection was made if POSH funds the kickstart of the gaming project, the project could in turn not just give that value back in stake/zing, but also allow other holders of POSH to participate. This would partly also work as marketing to attract POSH holders to the game and check it out.
Holozing logo in progress by @rubencress
That's where we are now.
After the history lesson, I kinda wanna discuss why I think this is a better method of funding compared to some other ways projects run.
In case you weren't aware yet, the Hive Power @zingtoken collects will be solely used to pay team members, artists and maintenance of the project along with future growth, scalability, and everything else involved in that ecosystem. (It will however not be spent on my own efforts within the game). While it means sell pressure on Hive, we believe that over time the value Hive will receive from having another popular game here will be tremendous as we've already seen with Splinterlands in the past and present. We are of course not comparing ourselves to Splinterlands, they're as big as Hive itself in many people's views but it doesn't hurt to aim for the stars!
Projects that allocate themselves a certain amount of tokens from the start either put in a lot of funding themselves or rely on investments, it's not something I deem to be "web3". Especially not when they do "funding rounds" and those kind of schemes where they give early investors cheaper tokens then keep raising it every round. This is what Zing does differently primarily, 1 zing is x hive based on your delegations and how long you've delegated for.
Then there's the version I think I like the least personally, where team members are allocated tokens rather than Hive (or something with solid liquidity directly). Especially in smaller economies (pretty much any chains outside of the big 10) this makes life for team members hard because they are forced into investment with the game. If there's no liquidity they also can't exit or "get paid" for their work but have to hope the tide turns eventually and are practically working for free until then or their sales place a lot of pressure on the price which hurts the project. It's quite a big risk compared to say giving them liquid/stable currencies more often and that way giving them the choice to invest in the project themselves if they so choose, which if they do and on transparent chains like Hive where others can notice this boosts the confidence of investors/players.
Anyway, those were really the main thoughts I wanted to convey in this post but I guess it was time I gave a small rundown on POSH's history and involvement in Zing now that the project is announced and there's a lot more people involved and introduced to both.
I'm thinking of posting a bit more often here in the coming days, might even drop some more details on certain parts of the whitepaper and how I envision those aspects to work when the game is launched, so stay tuned and make sure to subscribe to the Holozing Community where I'll be posting this into!
PS! What do you think of my new profile pic? ^^
First of all, I want to congratulate you and all the team for the project you have decided to create and launch. It seems well designed from the gaming and economic perspective and the art I have seen so far is very professional. Cheers for you guys!
Second, the team. You see, I am not a gamer, I have missed several crypto opportunities for not getting involved too much in the gaming space. When I saw your post a couple of weeks ago I went over it quickly, but there is one thing I liked, the team description. First, because it looks experienced and well-balanced, and second because you are sharing the info with all os us, I love the transparency.
And third the token distribution method. I may not get too involved in the game, I only remember getting "trapped" by Cryptobrewmasters for several months. But the unique way you have chosen to offer anyone a way to earn tokens delegating and staking is brilliant. It is both, an opportunity for everyone and a way to offer participation to those who really want to try the new game. I love it because it also has some "gamification" behind it, making you want to claim those earned tokens and think if you should delegate some more HP to even earn some more :)
I wish great success for the team, for all the effort creating such a cool project!
Starting in 2021 I decided to focus a lot on blockchain-based games and I have tried almost all the games born on Hive and also some games on Wax.
There are few PvP and many idle/farming games and I am glad that there is Holozing which even though it is in development has four elements that I consider very important:
For example on Hive before I invest in a game I look at the amount of HP the project team members have and their past activity on Hive.
This is already an important starting point for having good future expectations about the project or at least about the commitment to building it, and this is an evaluation element that only on Hive is it possible to know easily.
I'll give you three examples:
Cryptobrewmaster: I abandoned the game when I saw how little consideration they had for players' opinions. Project failed soon after and activity on Hive by the creators was always minimal except when they had a DHF to propose.
Bang Defense: a nice game with potential but the creator (choof) had little HP and almost no interaction and activity on Hive: the game is long dead and the creator stopped paying for servers without notifying players
Stardom: a Rising Star clone with a movie theme, the team has little HP and has almost no activity on Hive: the game token is worth almost 0 and nobody knows the game. Maybe only I know it because I like to try and evaluate all the games built on Hive :) !LOL
Maybe I went a bit too long in this comment but I did it because I am glad that there are game projects in development that are not idle games but have structured gameplay at the base and Holozing in my humble opinion as a simple blockchain game enthusiast is a very good project.
In my opinion Hive more than marketing needs fun and/or useful applications that can intrigue and attract web 2.0 users
!discovery 40
lolztoken.com
He was a terrible conductor.
Credit: reddit
@acidyo, I sent you an $LOLZ on behalf of libertycrypto27
(8/10)
Very interesting to know the history behind the POSH and how this token now connects and in some way will be reused in the HoloZing project, I find everything perfect, little by little I know more technical aspects related to the project, I believe in the project and I'm sure you will give your best to make it prosper.
The profile picture looks great, although I'll miss the characteristic Meow you had before.
I guess this monster called "Electric Rabbit" will be one of the main characters of the game, right?
I really like his design, now you just need to make another banner like the one you had with Meow, but now with this character hehehe.
Now I have a question, these monsters in the game, will they also have evolutions?
Yeah some of them will!
Nice!
This post has been my first introduction to HoloZing, it looks as promising as other great games on the web 3 and I see it complements posh a bit, I hope this project is a success, but I came here attracted by your new profile picture 😬 it looks awesome!!!!
Thank you for giving the background, and history of the project. It's really nice to see a lot of thought went into the project, and I have seen how unique a lot of the implementations are. From the token distribution, to the promotions, and funding. It feels more grassroots, community involved, and organic. I really hope the game becomes a success.
I'm very excited about this game and like I said, this is the first game that I'm following from start to finish. You've chosen a very good way to attract Posh owners to the game. The price has already exploded haha. I'm very curious about the future of the project, I'll be eagerly reading the developments. I'm one of the first members of the Holozing community.
I love your profile picture.
Holozing has brought vitality back to $POSH (I hope it will continue to be eligible for the airdrop long enough) in the short and medium term, repaying the faith of the holders. The choice of no premine or distribution to the team is indeed wise and much appreciated.
The most difficult thing, in my experience, will be to stick to the roadmap. Too much waiting could turn users away in a year or more from now. The game will still be super cool!
@tipu curate
Upvoted 👌 (Mana: 18/48) Liquid rewards.
I think it's a smart way to build hive and fuel the project. You need the resources and it becomes community funded. Also you have HBD and Hive power up rewards building over all that time as well further fueling the project into the future.
Digging the new profile pic! Wonder if there will be a day soon I'll get my own Holozing NFT and can make it mine! aka there better be a purple one! haha
Jag saknar Mew! Jag tycker att han är mycket vackrare och för mig tillhör han @acidyo.😉
Det är också förvirrande för mig när någon som jag har följt ett tag ändrar sin profilbild, eftersom det är en del av den snabba igenkänningen för mig. 😅😉
Så jag gillar att inkludera min Profil i en berättelse som denna, eller denna och använder den också för det virtuella möte som jag är värd för en gång i månaden.
Varma hälsningar
Haha yeah I had that one for a while but it was time to change it up as my focus will be a lot on the game from now on. Hopefully there'll be many variations of this one in the future I can change it up to as well as the game grows and the community starts doing some fanart etc^^
Then have fun playing! 😉 🎮
I need to sit down and do the full read up on your game one of these days. At least I'm set to claim now with my 1,7k POSH.
its great to see a project that aims to fairly distribute tokens. i for one have delegated most of my hp stake to this project and Im really keen to see you supported! keep up the great work
Thanks for all the clarity. We will be following along and staking some zing.
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really good, you have a great project, very excited
!PIZZA
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@speedtuning(7/10) tipped @acidyo
The new profile picture is simply perfect, I love the beautiful creature and the color . @acidyo you're the best
Many successes in this project!
And congratulations to you and your team for making it happen !
😉😎🤜 I like the new profile pic! and the new game sounds awesome. I gotta get me some ZING..
https://reddit.com/r/BlockchainGame/comments/17ylons/the_idea_behind_the_zing_token_distribution/
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we need to cut vote bot sellers like themarkymark from those