Not A Penny Out Of Pocket
Obviously...This is a post about @holozing
But it's also a post about the insane potential and opportunity we have here on Hive.
Let's go back in time to literally....6 years ago!
I discovered this blockchain and dove right in. And while I tried to learn everything I could about it, the evidence was pretty clear that I had to have a multi-angled approach to building my reputation on the chain.
I had to show up, contribute, blog, comment but also put some skin into the game. Which meant, spending some fiat to get some liquid tokens to power up. If you knew my circumstances at the time that I joined this chain, you'd understand how big a leap that was to 'spend' some fiat on a crypto I believed represented the future of pretty much everything.
Fast forward to today and because of the effort, time and patience I put in here, I was able to get into one of the most exciting projects being built on chain...Without a single penny invested into it.
Trust me, this is a post about Holozing...And so much more ;)
Pretty slick little pieces of artwork huh?
It's most definitely one of the reasons I got involved when this project was launched. But also because of who is behind it. If you have spent any amount of time on chain, you'll know @acidyo He's a top 20 witness, an avid gamer and a dude that always puts Hive above everything else.
So without question, this was something I wanted to dive into.
Problem was....I made a commitment on January 1st of this year to...Like I said....Trim the fat. Meaning, I was going to focus my efforts on basically $HIVE and $LEO and that's about it.
So while Holozing looked like a fantastic project, I really didn't want to go against my commitment to myself and spend a dime out of my own pocket...Yet!
Thankfully, like I mentioned above....I have been on this chain for 6 years...Building!
Here's how I'm now collecting Holozing tokens without a penny out of my own pocket:
Delegation
Currently, I'm delegating 5000 Hive Power to Holozing. Which is actually peanuts compared to what some others are doing right now, but it still generates hundreds of ZING tokens for me each and every day.
The APR has gone down quite a bit since this was launched, but that's fine with me. I'm earning passive ZING tokens, just from the effort I've invested into Hive for the past half a decade plus.
Staking
Since I started delegating my Hive Power, I've received about 13,000 ZING tokens. I sold a few off (more on that in a second) but right now I've got around 80 bucks worth of tokens at the current price.
If you believe in this game as much as the community does, you'll know this could potentially explode once the card packs are for sale and the game play is introduced.
So right now, I'm enjoying the over 75% APR in staking these tokens.
Liquidity Pools
Now here's what my plans are going to focus on in 2024....
If you noticed above, I'm generating some small liquid ZING from the pool I'm invested in on Tribal Dex. Every day, I've been adding those ZING into the pool and it's growing, ever so slightly.
But my plan in 2024, is to start buying ZING and investing in this pool. Because at 378% APR, coupled with my belief in Holozing, I'd be a fool not to.
So what does this all mean in the big picture of Jongo's journey?
I got involved in one of the most exciting projects on Hive, without spending a dime of my own money. Sure, if you want to get technical, I invested time, energy and the limited fiat when I started out on chain...But I've been able to generate around 80 bucks in tokens, just by using the assets I've accumulated on chain since 2017.
This is what you can do on Hive.
And why to this day, Hive Power truly is one of the 'wonders of the crypto world' on so many levels. One of those being, with delegation you can provide liquidity and Hive Power to projects you believe in, and get rewarded along the way.
All while never losing your tokens and have the freedom to invest for as long as you want, as much as you want.
As for Holozing.....If this becomes the next 'Splinterlands' on the blockchain, I'll look like one of the smartest guys around lol At least that's what I'm telling my wife......
Big things coming in 2024!
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But wait a minute actually, I really admire your consistency
I think those who joined in the earlier stages of the S#M and Hive have benefiting a lot. That does not mean one can't. All you have to do is regular power up and they reach the staking stage and everything becomes passive from there.
It's funny because I thought I was late to the party. The OGs from 2016 that got in on that early mining and massive post payouts are enjoying it a little bit more lol
But I still think people that are joining now, will be so thankful they joined now compared to a few years down the road.
There are so many things to do and I still haven't really considered Holozing. However, it's great to see that you can use what you have to start earning without having to put more in. Of course, it does come with opportunity cost but it's still amazing APR right now.
I just love that I am now a token holder and it's growing every day without a penny out of pocket!
That 378% is quite nice isn't it? Not as nice as the 1000% it was generating just a couple of weeks ago, but I will still take it. As more and more people move funds into the pool I expect it will eventually reach a more normal range like 20% to 40%. Still not too bad considering...
Oh for sure. And I'll start slowly putting some fiat / crypto into the liquidity pool in the next few weeks. That should really help it grow.
I'm surprised you didn't go harder! It's been a good run so far!
Yeah I was just tipping my toes in. But I think in the new year, I'll be going in on it as much as i can
There's none other like Hive in providing opportunities for earning without monetary investment. I've always marvel at the use cases for Hive Power, love the delegation aspect!
It's why so many of us say, getting Hive Power should be priority number 1 for any new person on chain!
I definitely agree. Getting HP is a great starting point when starting the Hive journey.
Hive offers immense possibilities. Many of them are tempting but I think your idea of reducing fat is the right one.
Just too many things to grab our attention lol Important to focus.
Admirable tu historia y admirable lo que haces con ese juego NFT, si tuviera yo Hp me involucrará, pero algún día tendré ese nivel.
Toma tiempo. Pero, de forma lenta y segura, tu HP crecerá.
Eso espero mano tengo Fe de llegar a un grande 1.000 HBD
That’s really good
If I had more HP, I would have loved to delegate more but I’d achieve that and I know that I’d earn more $Zing
The first thing everyone should do, is build up the HP. After that, the blockchain opens up. Slow and steady!
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