HoloZing - We Are Almost 1 Year Old!

Source: https://holozing.com/

Time flies! We are about 1 year into the claimdrop of ZING! How's everyone doing?

It's time for another monthly update and coincidentally, there has been some fresh announcements! The link is here. For those who are really artistic and have lots of creativity, it's something that you don't want to miss.

Related to this, the founder of HoloZing @acidyo has also started a new initiative under @commentrewarder. A little introduction on this initiative:

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.

Am also taking the opportunity to try this out on this post so have added @commentrewarder under the list of beneficiaries of this post! You can find out more over here.

Back to the usual update, as for the rewards, the APR for Staking has come down slightly from 22% to 19% and the APR for HP Delegation also went down from 14% to 11%. Still pretty decent numbers.

Over the past month, I have been pretty much holding on to my ZING and accumulating more through the APRs from HP Delegation and Staking. With that, my current holdings of ZING have increased from 8,526 a month ago to 8,571 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 3,406 ZING, of which, I have sold 2,200 ZING at around 0.0063 Hive on average. Hence, I am left with about 1,206 ZING.

So let's put them into a table and see how the figures look like.

On a base of 100 HP, that's close to 17% ROI over about 1 year. 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, especially with the steady increase in the HP delegation to @zingtoken.

Trading/Holding

For the trading slice, I have currently about 7,365 ZING, with 3,365 ZING staked to get the staking APR and 4,000 ZING currently in liquid for flexibility. With the averaging down at current levels, the cost of this trading slice came up about to about 54 Hive, and based on the last price, they are worth about 18 Hive. Fortunately, there were some trading opportunities this month, so I managed to add some Hive into this slice.

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.

So back to the question, is it time to buy or sell ZING? You have to decide for yourself. Haha!

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! :)