This Post Assumes You Know What ZING Is:
A couple, possibly a few weeks back I decided to jump in the ZING:SWAP.HIVE Liquidity Pool located on TribalDex. Alright maybe I didn't jump. It would be more accurate to say I dipped my baby toe in the pool to see how the water feels. With 50% APR I must say the water is felling nice! Don't let that APR fool you there is lots of risk with participating in any liquidity pool and the ZING:SWAP.HIVE Liquidity Pool is no exception. So if you don't know the in's and outs of such risks I suggest you do some researching before jumping at this 50% APR. Since I already decided I was going to participate I have to make a plan on how to move forward. My initial dip in the pool was just a handful of HIVE and ZING to match their worth. I'm after forgetting the exact numbers I put into the pool but my current holdings are as follows: 25 Hive Tokens & 11028 ZING Tokens which totals a USD worth of $16.71. In the small time frame that I been apart of the ZING:SWAP.HIVE pool I earned a total of $0.021 cents in fees collected and got dropped 816 ZING Tokens.
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A Man With A Plan:
The question now becomes how do we move forward. 25 Hive/ 1100 ZING won't do. I need to increase both those numbers but I need to do so with some safety nets in-place. My first thought (Plan A) was to sell half my dropped ZING that is given to me for my participation in the Liquidity Pool and then use that HIVE and the rest of the ZING as feeder to build my support for the ZING token liquidity pool. While that is a solid plan my immediate next thought was lets just toss all the ZING in the pool that has been dropped in our wallet and use some of our SWAP.HIVE we already have sitting in our TribalDex wallet to match. This will allow me to build my support for the ZING Pool much faster. A nice side reaction to such would mean getting bigger daily Drops of ZING in a faster time span than the first option would allow. This puts my HIVE at risk to some degree so how do we migrate that risk. RentMoney's plan: after I reach 100 Hive/ XXXXX Zing Tokens in the Pool I will then start to sell 50% of my dropped ZING and initiate Plan A until I'm satisfied with my contributions. I will then continue to sell 50% of my dropped ZING to replenish some of the SWAP.HIVE I placed in the Pool. This will help migrate the risk of keeping SWAP.HIVE in the Pool for long periods of time. Of course even with this plan in action risk is still there. Plan A out the gate would be the safest bet but Rentmoney ain't got time for that.
That's it for now. Today I just wanted to get those thoughts typed out as I find its much more likely I take action on such things when I say them out loud. For now I got some home renovations to get back to. Thanks for reading; we hope to see you at our next post. Disclaimer: No financial advice has been given in this post. Always do your own research before investing in any of your hard earned currencies. The ZING Token is planned to be one of the main tokens within the upcoming Holozing game. You can read more about such by visiting the official Holozing blog:
Visit the official Holozing Site: https://holozing.com