Why it's a Good time for Zing accumulation
The Holozing game has got good community attention in just 2 months time and we are still couple of months away from the launch because it is scheduled to happen in the second quarter of year 2024. Altho this is attentive and it might change because currently game is in development so if things go well then maybe we can get to see this game going live in the first quarter. Multiple things are planned in the game including the first sale which was supposed to happen in the month of December how you are that did not happen hens we can expect it to be happening soon. The development for the game is in full swing and we see more information coming in parts
Recently the information about the token expansion to other chains is also shared which means that zing token will not be available only on the hive network instead it will be available on different chains as well. This is good for the token as well as the game because more people will be able to part of it and it will also give the global exposure to the game. I expect that the game is going to get a significant number of users in the beginning and it is good because in any game the number of user account is an important part. Damoh players we have in the game is good for the game because it brings more excitement and competition.
Good time for zing accumulation
Currently the token price is dropped and if we do the comparison between what we had in the beginning and now then for sure there is a big price drop which I think is a good opportunity in the long term. We are hive have got the opportunity to be part of the project since beginning. It is certainly and advantage for us because we could grab more to comes however this will not remain same on other chains.
The reason why I believe that it is good time to accumulate more zinc token because the price is low and with expansion to order change I expect that the price will continue to rise. This time in prices lowcountry good opportunity however in my opinion it is going to be profitable in laurel but if someone expecting profit in short term then it is not advisable. Anyways I am also not sharing any sort of financial advise here but it's more of my thought sharing about the token which I believe is going to be much more valuable. This is my first ever play to earn gaming project in which I am starting from scratch and trying to build stake.
This time the staking APR is also quite good. It is obvious that the percentage will draw but by the time this will happen we should be able to grab some good number of tokens as part of the higher apr available on the game. There are dual benefits that include the low price and higher apr. Following this strategy with help in the increased accumulation for the token which I will leave will be helping a lot in the game because it is the game token that will have more utilities in the project later.
There are four ways that we can follow to earn to comes and I believe this is the right time to earn as much as possible this time when most of these options are providing the higher apr. It is obvious that this will not remain the same for the long period and this is why it can be a good strategy to earn more tokens with the higher percentage of apr and one sheet is lower than we can focus on the market if the price is good to buy more. Accumulation through the token earning is something that can help us a lot this time and for this reason also I have enabled all these options through which I am earning tokens everyday. For example if I talk about the delegation reward which is also good and even though this has dropped a lot but still way better option if we do the comparison between the traditional curation reward and the delegation reward that is paid in form of zing tokens.
Even holding POSH token is giving good reward but this time the token is valuable hands it might not be easy to have more but certainly we should hold whatever is there in the wallet and I am holding everything because it is giving me good number of tokens everyday and overall all these tokens are getting added to my stake.
Thank you
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hopefully the end of the year will be his first sale. I'm interested to see it
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I'm glad to see you talking about ZING tokens! HoloZing game looks very cool and it might launch during a crypto bull market which should be good for the game and token price.
The delegation reward is still pretty good, I agree. But as you say, it is paid in ZING. Right now on hive-engine: Last Price 0.01430000 Hive per Zing. Source: https://hive-engine.com/trade/ZING Now back when the Zing token issuance started, acidyo wrote this post: https://peakd.com/hive-131131/@acidyo/zing-price about the price of Zing which I think he was saying that a fair price would be 0.001333 hive / zing. He wrote another post where he was surprised the price of ZING was staying so high. The point is, we may be getting delegation rewards at a higher percent than we get for curating with HP but the HP curation pays in Hive which probably Won't go down 90% whereas ZING May go down 90% to more like 0.0013 instead of 0.014 where it is now.
I think it's good to read the posts acidyo has made on ZING price, and there have been 2 or 3, one of which I linked above. He is the creator of the game and tokenomics!
https://peakd.com/@acidyo/posts
ZING Token Supply
Another thing to think about is the supply of ZING:
Supply (Circulating / Total / Max)
30007249.523 / 30010000.000 / 9007199254740991.000
Source: the info pop up at https://hive-engine.com/trade/ZING
There could be up to 9,007,199,254,740,991 ZING in existence sometime!
That is 9 quadrillion tokens!
Let's do some math. Imagine the price of ZING stays the same as it is now and the price of HIVE also stays the same. So this second, one ZING is worth $0.0051902
Market cap is price times number of tokens.
$0.0051902 x 9,007,199,254,740,991 = $46,749,165,571,956
That is 46 TRILLION DOLLARS market cap for ZING!
My opinion is that I don't even see how it could go any where near 46 Billion dollars let alone 46 Trillion. But if it did reach (only) 46 Billion, then its price would be a thousand X lower than it is now, if all the tokens are issued.
I believe the plan for HoloZing is to keep releasing more and more tokens over time, with that Max supply cap as shown above. It may never reach that Max but even if it reaches 1/1000 of its Max, and the price never moves up or down, then ZING will still achieve a 46 Billion dollar market cap.
The point is, the price we see today is with a very very very small amount of the total possible number of ZING out on the market today. We have to hope that the HoloZing team manages the supply of ZING to keep the price up, but it seems they are more interested in having plenty of ZING in circulation for the many uses it will have in the game. Just something to think about so we can assess our risk and how much we want to put into ZING.
All that being said, my actions have been to accumulate as much ZING from rewards as I can. I delegated some HP, I had some POSH already and didn't buy more, I have been adding any liquid ZING I get back into the LP pool because of the high interest rate. So I am certainly not against accumulating a bunch of ZING. To me, it's just too early to be aggressive about delegating more or buying more POSH or buying ZING from the market.
Of course this is not investment advice, just my opinion. And everyone who knows me by what I post and comment on here knows that I tend to be conservative and cautious rather than rushing into big positions of anything. I take it slow, do my research, re-evaluate over time, and hope for the best!
Good luck to everyone on their token accumulations! :)
Hi @kenny-crane
First of all, wish you a Happy New Year. Hope you had a great New Year celebration. Sorry for the late reply as I was less active this week because of year-end.
Such a great and I wanted to read it thoroughly and reply hence it took some time.
Zing is the holozing game's token and its on hype because the game is about to get launched soon and this time we as part of the hive, have the opportunity to earn through 4 ways. I think its good to make the most out of this opportunity as it will not remain the same for long. I have been doing it since the launch and hope I should be able to earn tokens till the time this opportunity is available.
Agree this is %ge is higher and we get paid in zing and not in hive but still because of this higher APR project has got a great amount of HP delegation and even I have done 5k HP which gets me a good number of tokens daily.
Its a huge amount for marketcap and I don't think its realistic in the current market scenario. Acid has already mentioned that the Zing token price is high and I think its because more people are waiting to get the use case unfolded. This will happen once the game is available for play and that will take a couple of months. I expect that the price of Zing will drop later and probably that would be the better time to buy tokens and this is a good time to earn. This is my strategy and I can be wrong.
Once again thanks for such a detailed reply and I enjoyed reading it. I expect that holozing will get good community support and even other chain expansions will add more value hence accumulating more zing can be a good bet. NFA
Thanks.
Happy New Year and thanks for the great reply!
#HoloZing is super exciting and we all hope it succeeds as well or better than #Splinterlands did. I am also accumulating #ZING but I think there will be a dip for me and others to get in at a lower price, so I don't go "all in" yet. But we're all watching and no one knows exactly what will happen. We all want HoloZing to succeed; that we all agree on! :)
Absolutely. We all want Holozing to succeed
This will really be the first time to put up some good sales
yah. hope so