We have 4 options through which we can earn zing tokens as a reward in the Holozing game. Its good to earn more tokens because this is for a limited time and why I say this because the earning percentage drops when more people join the reward pool. The reward pool has got limited number of tokens and the distribution happens among all the participants hence when the number of people increases then the account of the distribution token will reduce. This time when we already have the four options available for us to earn tokens then the liquidity pool option is still providing much higher APR. I was able to start all these four options from the beginning and this has worked well for me because I got a good number of tokens as part of the reward.
Liquidity Pool share and APR
Today I'll be checking out my progress and status in the liquidity pool and I know that it is a slightly risky part hence I did this with some amount of hype and zing token in the initial days when the APR was more than 1500%. Currently, my liquidity share is reflected below which is 0.04% and as per this I have 1.18k Zing along with 18.87 hive tokens. I started my liquidity pool journey in the second week of November month with 55 hive and 550 zing tokens and at that time the price for zing tokens was high.
When we participate in a liquidity pool then we need to understand the impermanent loss. We need to deposit two tokens for equivalent value and when I did participate at the beginning of that time I contributed with equivalent value for the combination of zing and hive coins. When one coin loses its value in the market then the other is adjusted accordingly and this is why the quantity for high is reduced and it is increased for the zing token.
Sometimes this impermanent loss can be bigger and this is why it is suggested that we need to understand this part and keep an eye on the market price. I am aware of this and this is why I did participate with some balance which is not too low and even not so high that the adjustment is also manageable for me. No the amount of zing is almost doubled but the quantity for a high is reduced by almost 66%.
As of now, for 1 hive we need 62.6 zing as per the market price and 0.015 is the price for zing.
Liquidity Position
Here is my liquidity position in the pool where the rewards are showing that I received every day and it is approximately 15 zing tokens in a day. The rewards are distributed once every 24 hours and these tokens are paid out in liquid form however other rewards are distributed in the staked form.
If the price of Zing token improves then it will increase my high holding but if it drops then the quantity for Zing will increase. This is how it works in the liquidating pool. When I started that time I was getting more than 40 tokens in a day and still, I have 15 tokens which I think is a good amount. I'm not going through the dollar value because I know that is less since it is based on the total price.
I'm happy with whatever I'm getting every day liquidity and also have no plan to increase it further because the overall APR has come down. I don't think it is going to be hence whatever I have in the pool is good enough to get me some purpose every day and as per the current APR, I'll be getting about 450 tokens in a month if there is no big drop on the APR. Other earning options like HP delegation are also doing well and the APR has also gone up a little yes I think it is good enough for me because I earn through all 4 ways and Justice Cross my thirty K holding powder zing stake. My goal is to have 100K zing tokens and I am actively tracking my progress on different options and overall to see how fast I can accumulate and reach my goal with holozing.
Here I share some handy Links that you can access for more details about the game:-
Official Website- https://holozing.com/
Whitepaper- https://whitepaper.holozing.com/
Discord- https://discord.gg/s9YdYc6p3J
Main account for the HoloZing Game-
Delegation account-
Images are taken from https://holozing.com and https://tribaldex.com website
Thank you