Hello and Namaste Everyone
It's been a month of holozing games coming in the picture but I started a bit late. I got to know about this game late and even though I was aware of the game then also I had no idea if I could join it now. Initially, the game started token distribution for the people who are holding the POSH tokens. I have the balance but it is shallow so I thought it was not for me and probably it is for the people who are holding the bigger holding for the POSH. It was my mistake because I did assume this but later on, I got to see a post by acidyo that a lot of people are not claiming their tokens.
The claim for ZING tokens was not happening because there is a condition to log in once and then only you are eligible for the claim. I think it's not just me instead there were so many people like me who were assuming that they were not given the airdrop or the token distribution based on POSH tokens holding. So this can be a region because we are not eligible and probably the holding we have is not good enough. After reading that post I did log in to the game account and after a few hours, I was able to see some claimable tokens. By the time I got to know about this update, the distribution was already 2 weeks old. Some people who got to know about it early were able to get more tokens. So I can say you are still better late than never and I'm happy that at least I got to know about this and that post was very helpful for me because I could start my journey on this game.
My Zing Stake
Because I started late in the game my stake is not so big however I started already so I hope this will grow over time. I am not a whale so obviously I can't have a bunch in millions. lol
Anyways Holding is holding and whatever I hold is going to help me in the game so I can say whatever tokens you can grab this time when the game is not launched it's good. I know this and I can see this as I have been part of these splinterlands games which is the only game I play but it's so much fun. With this game, I am going to have another game added into my portfolio so after this I will have two games that I'll be playing and both are built on blockchain.
I have no idea how the game dynamics will be working but whatever updates are shared by the team looks good and it seems that the token use case is going to be vast. This is important because if the token has more utility in the game, we can expect better pricing for the token. In that case, I would say this is not the time to accumulate more and book profit because if you do then probably you will be missing an opportunity later.
I am about to have 2K tokens shortly and I'm very happy that I made it in less than two weeks. I will continue to accumulate and I also did buy some tokens from the market but now I am holding the purchase as I see the price going down.
Increased HP Delegation
This week I have updated the delegation. Earlier it was 1K HP and now it is 4K HP so this will also boost my Zing reward and it will help me increase my stake. This is good that the reward tokens are coming as a state so we don't need to take any action. It's good for the people who are planning long-term strategy in the game but not good for those who want to get tokens as soon as possible so that they can sell off and make a profit. So I am no one to judge anyone but I believe it's not right to sell tokens even when we don't know how the game is going to be. This is why I won't be selling.
Because I increased my delegation two days back this will help me have more tokens. The APR is shrinking and it's because more people are coming to the game. This is going well and happy to see that the community is growing.
Did you check the ranking available on the website under the top contributor option? I am at 270 ranks but on the top 20 I can see most of the known names and this is another part that shows where people in the hive are building their big stake. The bigger stake you have means the bigger influence you are going to have in the game as per the governance model. This is how things work in SPL but I can't say about it. I am too little but it also gives me a room that I need to work more in this area.
I won Zing tokens as a reward in a contest organized by and all these tokens are staked. So whatever tokens I earn or buy are all staked in my account. I
My ways to earn Zing
I earn Zing tokens through three options and the liquidity pool option I have not availed. I'm not familiar with this liquidity pool because there's a term called impermanent loss and because of that the liquidity is at risk if the price of one token drops. I have never used it and to be honest I do not know how it worked so it's better to stay away from something that I'm not familiar with. Other than this rest three options are available which are helping me get some tokens every day and this is how I am growing my zing balance.
I wanted to give it a try but then I saw that the APR is dropping faster so this is the reason why I changed my mind and decided to continue with the rest three options which look good to me. The HP delegation of motion is one of the best out of all and it is because it still pays the APR of almost 80%.
This APR will be dropping as well but by the time it comes down I should be able to grab some tokens and since there is no impact on my HP, so there is no risk. It's just that I'll be losing some curation reward but I think it's better to earn Jing as compared to curation reward as of now. So I can see as of now the curation rewards are not much better but the zing reward is better but I cannot say how long this will stay like this. So with this game whatever tokens I have, I'm happy with and I will continue to grow my overall holding and you can see me growing my stake slowly.
Website- https://holozing.com/
(Images are taken from the game website where the source is not stated)
Thank you so much
Stay Safe