Source: @holozing
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?
If you keen to join HoloZing, feel free to use my referral link:
https://holozing.com/?ref=relf87
This month, the most major update was 2.5x ZING drops for Collection Rewards Allocation! Have copied the announcement in the screenshot below!
As a result, my daily ZING for April has increased to 275 ZING from 117 ZING in March, as my 2 Alpha Vials formed part of the Collection Rewards.
As more Alpha Vials were sold, it's inevitable that the number will gradually decline. Let's see what May will bring.
An important point to note, even though that the ZING drops have increased 2.5x the ROI/APR hasn't really grown by the same magnitude, because with the massive "flood" of ZING into the hands of so many players, there are bounds to players that will use the opportunity to sell off some ZING and the value of ZING did come off significantly as well.
Nonetheless, the claiming and stacking of ZING continues. It's been around 1.5 years and while there are some sporadic updates on and off, I am starting to wonder if the game will eventually take off, especially having bought 2 Alpha Vials. Oh well, I guess I can just wait and the usual management of ZING continues.
At time of writing, 3,737 Alpha Vials have been sold!
Of course, no HoloZing update is complete without talking about my ZING stake.
Back to the usual update, as for the rewards, the numbers have changed a lot due to the change in the rewards system, as well as the fluctuations in the price of Hive. The APR for Staking has decreased to about 4.5% and the APR for HP Delegation also fell to 6.4% as well!
With the current APR, one question is whether it still makes sense to delegation HP or stake ZING. That's something I have been pondering as well. Right now, I am still keep my HP delegation, since the primary purpose was to support @zingtoken and delegation rewards are secondary, and 6.4% is something I can sort of live with. As for staking, I am doing some unstaking so that I have more ZING to play with when there is volatility in prices since the staking rewards are not as attractive.
Over the past month, there were a lot of movements in my ZING holdings and the changes were due to (i) crazy amount of ZING from the increased Collection Rewards and, (ii) the usual accumulation through the APRs from HP Delegation and Staking, (iii) trading ZING due to the volatility of the price, and (iv) divesting some of the ZING to Hive. With that, my current holdings of ZING have increased significantly from 22,413 in the last update to 26,774 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 2023. From HP delegation and staking ZING, I have obtained a total of about 5,807 ZING, of which, I have sold 5,300 ZING at around 0.0045 Hive on average. Hence, I am left with about 507 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 | 5,300 | 0.0043 | 22.91 |
Unrealised | 507 | 0.0015 | 0.76 |
Total | 5,807 | 23.67 |
On a base of 100 HP, that's about 24% ROI over about 1 year and 7 months. If we were to annualise this figure, which isn't that meaningful (but purely for the purpose of generating an APR number), that's 17% APR.
Of course, the numbers will fluctuate wildly, depending on the increase or decrease in the HP delegation to @zingtoken.
Trading/Holding
For the trading slice, I have currently about 26,267 ZING, with some of them staked to get the staking APR. 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. This month, the net gains increased to 68 Hive, as I have taken the opportunity to sell off my ZING given the increased supply and daily drops.
ZING account | |
---|---|
Net cost of ZING bought | 42 Hive |
Net profits from ZING sales so far | 69 Hive |
Current value of remaining 26,267 ZING | 41 Hive |
Net Gains | 68 Hive |
Of course, I have excluded the 35.80 HBD spent on the Alpha Vials in this table, as this probably complicates the table. Let's see if the net gains can eventually offset the cost of my Alpha Vials. So 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. 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! :)
Nice share
!PIZZA
!LUV
!LOLZ
@relf87, @houhou(1/10) sent you LUV. | tools | discord | community | HiveWiki | <>< daily
If you'd like to suggest a quote to be included in the LUVshares reply, go here.
lolztoken.com
now we just call him Phil.
Credit: reddit
@relf87, I sent you an $LOLZ on behalf of houhou
(1/10)
Farm LOLZ tokens when you Delegate Hive or Hive Tokens.
Click to delegate: 10 - 20 - 50 - 100 HP
Thanks!
Nice one
!PIZZA
!LUV
!LOLZ
@relf87, @vaynard86(1/10) sent you LUV. | tools | discord | community | HiveWiki | <>< daily
If you'd like to suggest a quote to be included in the LUVshares reply, go here.
lolztoken.com
He's a hairy potter
Credit: reddit
@relf87, I sent you an $LOLZ on behalf of vaynard86
(1/10)
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
Thanks!
So, if we buy an alpha pack, are we eligible for this monthly ZING drip?
20$ is a big number :)
!ALIVE
The drip is on an hourly basis.
On a daily basis, 500k ZING is dripped to all Alpha Vial holders. There are currently 3737 Alpha Vials sold. So the calculation would be as follows: 500,000 / 3,737 = 134 ZING per day, which means about 5.6 ZING per hour.
Hope this helps!
Yes. Crystal clear :)
Thanks!
It is the best time to part of this adventure on Holozing.
Thank you for this input
Have a good week.
Thanks for dropping by!
Nice one
!LOLZ
lolztoken.com
I said mayybeee...
Credit: reddit
@relf87, I sent you an $LOLZ on behalf of bossingclint
(4/8)
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
Thanks!
Nice update!
Thanks!
$PIZZA slices delivered:
vaynard86 tipped relf87
@houhou(1/10) tipped @relf87
Come get MOONed!