Zing Token: Moving On Up!
Image Source: All images displayed in this post are taken from https://holozing.com/ unless otherwise stated.
Last Week I blogged about my ZING Token goal of reaching 100,000 staked Zing Tokens. A little overzealous? Absolutely but like the old saying goes, "Shoot for the stars and you might land on the moon". To achieve this goal I set a short term and mid term goal of reaching 25,000 and 50,000 Staked ZING. Today I dig a little deeper on the actions I'm taking which will help me to achieve these goals. First up (as it should be no surprise) I am participating in the airdrop/claimdrops for the ZING Token. The first drop being earned for participating in the Delegation drop. Simply put: I delegate some of my HIVE POWER to @zingtoken and in-return I get dropped some ZING Tokens. The second part of this drop is the Staking Rewards. When we claim our dropped ZING Tokens for delegating HIVE POWER those rewards automatically get staked. This is good because staking ZING Tokens allows us to participate in a second ZING Token drop for doing just that (Staking The Zing Token). Claiming these ZING TOKENS is as easy as going to the official HOLOZING site and claiming them via a click of a button.
Image Source: https://beeswap.dcity.io
The third step I'm taking is periodically participating in the ZING:SWAP.HIVE Liquidity Pool. This pool currently (12/15/2023) has an APR of 284% (rounded to the nearest whole number). As you can see by the screen shot above there are multiple rewards attached with participating in the ZING/SWAP.HIVE Pool. The most notable is the near Two Million ZING TOKENS (1,941,576 to be exact). The more liquidity one provides to the pool the higher share of those rewards they earn. Rewards are paid out daily to the participants in the Pool. Keep in mind it is very risky to participate in liquidity pools so do your research before diving in and risking the liquidity that you provide. As for myself I'm keeping a close eye on the trade value of the ZING Token/ Hive Token, picking and choosing what days I participate. Eventually I'll stake a certain amount of funds to the pool and let it ride but for now I still expect price swings.
The Holozing page has some interesting information displayed. One such information is the Top Contributors List. It is here that we can see who has earned the most ZING tokens from participating in the Drops. As shown in the above screenshot I (@rentmoney) am currently ranked number 62 out of over 1100 participants. This information is particularly handy as it gives a base number on how many are interested in collecting the ZING Token. On top of that since this information shows us our total dropped ZING we can use it to calculate how much ZING someone has sold weighed against their dropped amount. For example I currently have a total of 24,510 ZING Tokens. If we look at my position on the Top Contributors graph we will see I was dropped 32,332 ZING Tokens. That means I sold 7,822 ZING Tokens. Why did I sell tokens I want more of? Here is the reason.
Hedging My Bets
100,000 ZING Tokens is a lofty goal for one to have. The easiest way to complete such a goal is to purchase ZING Tokens and stake them. I plan on doing just that but with strategy. The profits I earned from selling those 7,822 ZING Tokens will be used to purchase back those traded away tokens and more on top of that. This means I'm betting on a short term dip in the ZING Tokens trade value. I wish I kept better track of my ZING token sales but I did not so I don't have any exact numbers to share. I can say that every token I traded away was worth more than the current Trade Value of ZING. I could potentially purchase back those traded away ZING Tokens at current time and add some profits but I believe we are only days away from another small dip. While to the untrained eye it might look like I'm betting on the downfall of the token; that is the farthest thing away from the truth. I believe the HOLOZING game has a real chance at success and thus the ZING token along with it. What I am betting on is corrections in the downwards direction (Short Term) and then eventually another bull run in the upwards direction. In-between all that happening is where I hope to earn some ZING Tokens doing a little Trading. Will things turn out as planned? Who Knows, not me; everything in crypto is a risk so hedge those bets.
December Advent Calendar
Of course it goes without saying that claiming ones ZING Tokens daily is of upmost importance for compounding our rewards into more rewards. If that wasn't reason enough there is also an Advent Calendar taking place for December that gives Bonus ZING rewards to those who claim daily. The Daily drops themselves can be claimed hourly but one daily claim is all that is needed to participate in the Advent Calendar.
Closing Thoughts:
I look forward to seeing how long it takes me to reach this 100,000 goal of mine. I'll have a better Idea on if I need to adjust it or not in the upcoming weeks but for now I'm still shooting for 100,000 Staked ZING. I should mention there is also a drop for those holding the POSH token (claimable on the HOLOZING Site). APR's for drops are as follows: (1) Delegating Hive Power 33% (2) Stake Zing Token 64% (3) Hold POSH Tokens 179% (4) Participate in liquidity pool 283%. If you decide to participate in the HOLOZING drops please remember that you need to register with the Holozing site before any rewards start to accumulate. Registration only requires a login (Hive KeyChain is a must). The @rentmoney blog is for entertainment purposes only and does not contain any financial advice. Always do your own research before spending any of your hard earned currencies and never invest/spend what you can't afford to lose.
Holozing Raw URL: https://holozing.com/
How To Install KeyChain
As noted Keychain will be needed to login to the HOLOZING webpage. Regardless of if you are participating in HOLOZING or not the secure log in app for the Hive Blockchain known as Keychain is something every HIVE Blockchain user should look into. The app makes HIVE account switching a breeze and keeps our keys safe.
- Hive KeyChain Website
- KeyChain For FireFox Browser
- KeyChain For Chrome Browser
- Key Chain For Brave Browser
Claimdrop Token Distribution
| Method | Daily | Monthly | Yearly |
|---|---|---|---|
| Hive Power Delegations | 200,000 | 6,000,000 | 73,000,000 |
| POSH Holdings | 40,000 | 1,200,000 | 14,600,000 |
| Liquidity Provider | 40,000 | 1,200,000 | 14,600,000 |
| Zing Staking | 20,000 | 600,000 | 7,300,000 |
| WhitePaper Language | WhitePaper URL |
|---|---|
| Holozing Whitepaper - Ukrainian | Click Here To Visit Post |
| Holozing Whitepaper - Indonesian | Click Here To Visit Post |
| Holozing Whitepaper - English | Click Here To Visit Post |
| Holozing Whitepaper - German | Click Here To Visit Post |
| Holozing Whitepaper - Spanish | Click Here To Visit Post |
| Holozing Whitepaper - Slovenian | Click Here To Visit Post |
| Holozing Whitepaper - Portuguese | Click Here To Visit Post |
| Holozing Whitepaper - Russian | Click Here To Visit Post |
Listed above in no particular order is the Holozing whitepaper translated to different languages. There may be other translations in the same and different languages but above are the ones that I could find. If you know of other translations feel free to link them below in the comment section. HOLOZING uses the secure Hive Blockchain app known as Keychain for all logins on their official site.
Image Source: https://holozing.com/
Posted Using InLeo Alpha
Wow you are #62 on the leaderboards, that's a really strong positions!
I'm barely in top 300 myself at #292 place. (2540 Zing earned)
Top 300 is a nice position, it puts you ahead of 100's of others.
Happy Staking :)
!PIZZA
I see it as easy to participate in order to obtain ZING tokens. As well as the process of claiming. I even find it interesting that if you can't claim daily it accumulates until you can claim. Of course, it is not advisable to be a long time without doing it in case you want to get ZING for having ZING staked.
Exactly and like you said if we are unable to claim rewards on any given day they will keep accumulating for us. Thanks for taking the time to read and comment.
!PIZZA
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rentmoney tipped urrirru
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I think the ZING price from 0.01 HIVE to 0.015 HIVE is very good for shopping. I have already started buying.
Nice, good luck with your ZING Token goals!
!PIZZA
Moving On Up!
Got to love The Jeffersons.
!PIZZA
I think the current price of token is low but once the game is launched then this is going to increase and this is why now is the best time to have more.
Collecting now with the HIGH APR's is certainly ideal for filling ones ZING Token bags. It will be interesting to see what happens when the game launches.
!PIZZA
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Your dedication and commitment to the Leo platform is truly inspiring @rentmoney. Keep up growing your LEO stake! 🦁
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Thanks for the curation, much appreciated!
This project is very trusted and people are believing in it a lot and we will see that in the coming times it will see a lot of good returns to its holders.