Created with image taken from source
My journey into the Zing ecosystem started when I realized that there is an amazing play2earn game being developed on hive and I need to be a part of it.
Why did I refer to Holozing as amazing?
I am a firm believer in doing research about a project before investing my time and money into it.
So I arrived at the decision that holozing is an amazing project based on a couple of reasons.
They are
No1. They have an amazing Team
- @acidyo as Founder & Game Design
- @rishi556 as Developer
- @asgarth Developer
- GameSuper Blame Developer
- @jfuji Content and Game Design
- @rubencress Creative Director
- @hiddenblade Art
- @strawhat Game Design
- @mobbs Music
A long standing relationship with the hive blockchain and involvement and delivering multiple projects on the blockchain has helped these users earn a lot of credibility.
No2. A well laid our and well detailed whitepaper
Finding a detailed and clear whitepaper is a great sign of a well thought of and planned project. It is good to find that the holozing project has it listed right at the top of its page.
you can read the whitepaper here
No3. The game idea
The game idea revolves around the idea of a couple of interesting looking creatures that you are supposed to train and make them more powerful.
This reminds me of Pokémon which had become quite a rage.
The game is being developed as a roleplaying adventure game that would interest both those who are exploring the game for fun as well as those who want to compete with other players.
The best part is that though the playable game is yet to be launched, the Zing tokens that are the native tokens of the game can still be earned in a number of ways.
The Holozing sites looks quite slick and I loved the creatures that are being shown there.
Electric Rabblit source
The grass Racoon source
The water whale source
The Fire Wolf source
With All these cute character that one gets to play with who would say no to holozing ?
However the project can give new entrants a feeling of FOMO?
FOMO is the feeling of missing out and it is that bad sinking feeling which people missout on when they miss out on something that others have access to.
Do you want to experience FOMO first hand?
Then feel free to check the rich list of Zing token holders in the holozing
You can check it here https://holozing.com/contributors
So I thought of checking out the possibility of a new and small account holder trying to earn some Zing tokens with an investment as little as $1
For reference I took 1$ = 1 HBD
With this intent I invested $1 in the various growth opportunities that the game offered.
Not much I admit but I am testing the waters and opportunities from the point of view of new users who want to get their skin into the game without risking an arm and a limb.
The idea was to put in $1 and see how many Zing tokens I could earn over time.
The Various ways to earn Zing tokens are
Zing token staking in case you already have some zing tokens
HP delegation by delegating some hive power to the holozing account
Liquidity pool staking by providing liquidity to the zing- swap-hive pool
Being rewarded for holding Posh token balance.(The most passive way to earn zing tokens)
Back than Zing staking got us 180% APR
HP delegation 267.8% APR
Liquidity Pool staking 1979.23% APR
Posh token balance holding 630.57% APR
How has the APR changed over the weeks?
Currently Zing staking 107.21%
HP delegation rewards 79.43%
Liquidity Pool staking 534.71%
Posh Balance holding rewards 239.08% APR
Starting the experiment on the 9th of November 2023
I Invested $1 in the liquidity pool
Investing $ 1 into the liquidity pool means putting 0.5$ worth of zing tokens and putting 0.5 HBD worth of swap.hive tokens into the zing - swap.hive liquidity pool.
Doing the swap I get 15.005 Zing for 0.5 HBD using keychain swap got me
1.376 hive.
This got me 4.481 shares (0.002%) of the Zing- swap.hive pool.
If I check the number of Zing tokens I see I have 22.105 ZING tokens
So my zing tokens have increased by 22.105 - 15.005 = 7.1 Zing tokens
This is a 47.31 % increase in the number of tokens held.
However the price of the token has gone down over this period.
So the $0.98 worth of investment put in the pool is worth $ 0.65 now
source: my tribaldex dashboard
The Holding of $1 worth of Posh got me 6.904 Zing tokens over the last few days from the 9th to the 23rd of Nov 2023
I had initially delegated 100 HP to @zingtoken However I realized that it was a good way of earning zing tokens as the APR was quite good at that time
So I increased my HP delegation to 1000. With this delegation I have earned a total of 951 Zing tokens.
So when I saw the list of zing token holders I was nowhere in the list as I was just starting out.
However with persistence and somewhat regular claiming I am a proud token holder of close to 1000 Zing
Final thoughts
Getting early is the key to getting more Zing tokens. It is equally important to claim tokens regularly and as many times a day as possible as the tokens claimed start earning more zing tokens due to the power of compounding.
This is because staked zing currently grow at an APR of 107.13%
Pool staking gives you a high APR however one needs to have more shares to get a substantial pool fee.
If you have some HP in your account the option of delegating HP seems to be a good bet earning you good zing rewards.
Holding Posh tokens and earning zing also is a good idea however this currently is the only use case for posh and in case this use case is removed or the APR changes then the price of posh tokens may also fluctuate .
I am happy with the results and the progress that I have made and look forward to growing my involvement in the game and increasing my token stack.
For more info about the project then refer to the links below
Official Website - https://holozing.com/
Hive account - https://peakd.com/@holozing
Delegation account - https://peakd.com/@zingtoken
Twitter/X account - https://twitter.com/holozing
Whitepaper - https://whitepaper.holozing.com/
Disclaimer: Please do your due diligence and research before making investments. This post is no financial advice and only created for educational purposes.
Posted Using InLeo Alpha
This is the best move I have done also, delegating and staking my zing and hp to get a better rewards from zing. It's a nice deal you get😁😁
Yes absolutely
Still hoping to delegate more when I am able to acquire more hp and then get reward and also when the game comes to life, I can play and also earn from it.
This post has been manually curated by @alokkumar121 from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @alokkumar121 by upvoting this comment and support the community by voting the posts made by @indiaunited.
This post has been manually curated by @alokkumar121 from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share more than 100 % of the curation rewards with the delegators in the form of IUC tokens. HP delegators and IUC token holders also get upto 20% additional vote weight.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @alokkumar121 by upvoting this comment and support the community by voting the posts made by @indiaunited.
Its great that you started small to test the waters. Welcome to the pool and enjoy those rewards. Don't forget to buy POSH? @poshtoken .