Source: @holozing
It's November already! A new month means a new monthly update of HoloZing from me! Time flies, it's more than 1 year already, how's everyone doing?
- First Major Update
As for the most recent major update, as some of you would know, the Alpha Vials were launched last month. I spent 35.80 HBD to buy 2 of them. You can read about it in my last update here.
- Second Major Update
On 24 Oct, they started dripping 99,000 ZING per day to all Alpha Vial holders! At time of launch, there were about 417 Alpha Vials sold. Based on simple math, 99,000 / 417 = 237 ZING per day! Just to have a sense of the quantum, at current ZING and Hive prices, that's about 0.20 USD, which is 1% of the cost of Alpha Vial!
So for those who bought the Alpha Vials, they benefited by having 1% ROI per day at the launch of the drip! Of course, given that the 99,000 ZING was fixed, as more and more players bought the packs, the daily drop will reduce accordingly. So it really pays to be early!
- Third Major Update
After having bagfuls of ZING for 6 days, two new achievements were introduced for the ZING daily drips, namely referral achievements and contributor achievements. Amendments were also made to the ZING daily drips allocation, with just 90,000 ZING per days for the Alpha Vials (slight reduction from 99,000) and 10,000 ZING for the 3 achievements.
Being someone who likes to crunch numbers and look at data, there were the estimated ZING that I claimed based on my current two Alpha Vials and one achievement. Do bear in mind that these are really just estimates to the best of my ability because the computations can be quite complex.
| ZING Drips | Alpha Vials | Achievement | Total |
|---|---|---|---|
| 24 Oct | 95 | 1 | 96 |
| 25 Oct | 359 | 1 | 360 |
| 26 Oct | 334 | 1 | 335 |
| 27 Oct | 319 | 1 | 320 |
| 28 Oct | 300 | 1 | 301 |
| 29 Oct | 276 | 1 | 277 |
| 30 Oct | 243 | 12 | 255 |
| 31 Oct | 240 | 12 | 252 |
| 1 Nov | 225 | 12 | 237 |
| Total | 2,433 |
Notes:
1) 24 Oct was pro-rated as it was launched in the middle of the day (for my local time)
2) 30 Oct saw the switch of the allocation and addition for two extra achievements
While the number will continue to decrease, it's quite amazing that within 8 to 9 days, I have managed to claim an additional 2,433 ZING, mainly due to owning Alpha Vials, and a little more due to change in achievements. 2,433 ZING is worth around 12.30 Hive or 2.20 HBD, so in a way, depending how you see it, I have either generated a return or gotten some form a rebate on my purchase.
I guess the main takeaway is, it definitely pays off to be early in projects!
But of course, now is too late (or in fact, still relatively early), and if you keen to join HoloZing, feel free to use my referral link:
https://holozing.com/?ref=relf87
Of course, no HoloZing update is complete without talking about my ZING stake.
Back to the usual update, as for the rewards, the APR for Staking has come down slightly from 17% to 16% but the APR for HP Delegation surged from 11% to 17%! Thanks to the increase in the price of ZING I suppose.
Over the past month, there were a lot of movements in my ZING holdings and the changes were due to (i) selling off some ZING to realise the price gains, (ii) claimed more ZING due to what I have mentioned above, and finally (iii) the usual accumulation through the APRs from HP Delegation and Staking. With that, my current holdings of ZING have decreased from 8,670 in the last update to 6,897 currently.
As for myself, I have separated my holdings in two separate slices.
Delegation
For the delegation slice, I have delegated 100 HP to @zingtoken all the way since the claimdrop started on 21 Oct. From HP delegation and staking ZING, I have obtained a total of about 3,566 ZING, of which, I have sold 2,600 ZING at around 0.0059 Hive on average. Hence, I am left with about 966 ZING.
So let's put them into a table and see how the figures look like.
| Returns | ZING | Price in Hive | Value in Hive |
|---|---|---|---|
| Realised | 2,600 | 0.0059 | 15.32 |
| Unrealised | 966 | 0.0051 | 4.93 |
| Total | 3,566 | 20.25 |
On a base of 100 HP, that's close to 20% ROI over about 1 year and 1 month. If we were to annualise this figure, which isn't that meaningful (but purely for the purpose of generating an APR number), that's 19% APR.
Of course, the numbers will fluctuate wildly, especially with the steady increase in the HP delegation to @zingtoken.
Trading/Holding
For the trading slice, I have currently about 5,931 ZING, with all of them staked to get the staking APR. No ZING currently in liquid, but if the price comes down, maybe I would get some. With the recent activities, a table is probably better to capture the ins and outs from an account perspective. And for once, the numbers look a lot better. Hehe.
| ZING account | |
|---|---|
| Cost of ZING bought | 54 Hive |
| Proceed from ZING sales so far | 27 Hive |
| Current value of remaining 5,931 ZING | 30 Hive |
| Net Gains | 3 Hive |
Of course, I have excluded the 35.80 HBD spent on the Alpha Vials in this table, as this probably complicates the table. But that's so far the in and outs, which is done purely just to satisfy the statistical nerd in me. Haha.
What's next for me?
I think the crypto ecosystem, even in the Hive ecosystem, is very competitive. Lots of opportunities appear every now and then, and people often jump from one project to next, so the lack of updates has really hurt the price of ZING. Personally, I don't think it's much of a concern for me, I will still looking for opportunities to buy (low) and sell (high), and at the same time, keep some ZING for the eventual launch of the HoloZing game, whenever it will be.
The price of ZING is something that I would watch very closely. As for the game development, I have already done my favourites/follows so I will continue to read them as they come.
This has been a fun and positive update and as always, my HoloZing posts will include the @commentrewarder initiative. So you know what you should do! Hahaha!
Comment Rewarder (CR) is a bot that rewards comments. CR helps low-stake authors (and all authors) reward their audience. Not all blog authors have enough Hive Power to upvote replies to reach the dust threshold, and rewarding comments incentivizes engagement. Authors with lower Hive Power may not have a weighty enough vote to successfully reward replies to their posts because of the ~$0.02 “dust” threshold. CR solves this problem.
Before I end, of course, I should always reiterate that this is not financial advice. This is just my personal viewpoint and one should ALWAYS do your own due diligence for anything you want to put your money in.
Finally, if you are interested to keep tabs on HoloZing, don't forget to follow the HoloZing Community on Hive, or HoloZing on X/Twitter. Otherwise, I will continue to post occasional updates when I have thoughts to share. Thanks for reading! :)
Thanks for the reminder. I'm earning a lot more Zing now because of my vial 😀
Yeah! Thanks for dropping by!
Greetings, I already have my alpha vials and I'm also claiming zing, great
Yay! :)
The Zing price went up since Vials introduction but it seems like it's slooowly going down, we'll see how will that unfold.
All the ROI calculations are solid but only if Zing token price stays constant. The only way to increase the price is to have much more updates and to have more burning.
Yeah you are right. The APRs and values all depends on the price of ZING, that can fluctuate depending on the changes in the drips.
Nice one.
!PIZZA
!LUV
!LOLZ
@relf87, @houhou(2/10) sent you LUV. | tools | discord | community | HiveWiki | <>< daily
lolztoken.com
They unwind.
Credit: reddit
@relf87, I sent you an $LOLZ on behalf of houhou
(3/10)
Thanks!
!LOLZ
lolztoken.com
He had no Monet to buy Degas to make the Van Gogh
Credit: reddit
@relf87, I sent you an $LOLZ on behalf of vaynard.fun
(4/8)
Farm LOLZ tokens when you Delegate Hive or Hive Tokens.
Click to delegate: 10 - 20 - 50 - 100 HP
Thanks!
!LOLZ
lolztoken.com
Tell a women you love her.
Credit: reddit
@relf87, I sent you an $LOLZ on behalf of bossingclint
(2/6)
Thanks!
I still need a little bit more and I am ready to make my purchase. Hope still have some available for me to get onboard.
!PIZZA
!LUV
!LOLZ
@relf87, @vaynard86(1/10) sent you LUV. | tools | discord | community | HiveWiki | <>< daily
lolztoken.com
Hey, that's false advertising!
Credit: reddit
@relf87, I sent you an $LOLZ on behalf of vaynard86
(2/10)
NEW: Join LOLZ's Daily Earn and Burn Contest and win $LOLZ
You are missing out on the hourly drips! :P
I heard about claiming free zing some time ago.
And I forgot to.
Truth is I have never paid attention to zing tokens, and I don't know why.
Seeing it from you now and you adding a link will help me do so.
Nice updates.
And you are doing great with keeping everything in check while getting good rewards.
Nice.
Thanks for dropping by! Need to get Alpha Vials to get those ZING drops!
Alright dear
Acid said Beta will be released in Q1 next year. But we will see... And before that there will be a playable alpha version.
That's good to know. Thanks for the info!
Congratulations @relf87! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 32000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts:
$PIZZA slices delivered:
houhou tipped relf87
@vaynard86(2/15) tipped @relf87
Where specifically do I claim them? Do you have a link?
I have complained but I don't know if I did it right
You would need to sign up and purchase an Alpha Vial, or delegate HP to @zingtoken, if that's what you are asking. :)
My referral link is here too - https://holozing.com/?ref=relf87
@relf87, I paid out 1.013 HIVE and 0.178 HBD to reward 9 comments in this discussion thread.