Zing is the in-game token of the upcoming game Holozing and as of now, this token has no utility because the game is not live yet. The game has been announced and the token distribution was and started from October month onwards. I started my participation in this project through delegation from day one and it is still ongoing. Earlier I was getting a token for my delegation as well as for the POSH token holding but later I enabled other options also. I participated in the liquidity pool which was my third option to start the token reward and later on the staking reward was also started because I continued to accumulate more tokens as a stake.
My Stake and APR
Currently, I have over 35K tokens as staked in my account but my goal is to reach 100K zing tokens. This way I can say that my goal is achieved by 35% and there is still a gap of 65% which I need to cover and I will be trying to make it happen this year. The current staking APR is more than 37% which I think is very good but it is expected to drop because more people are getting on board in the game and they are increasing their zinc token stake. I'm happy to have this balance but I will be trying my best to reach my goal which is 100K and I hope that with that stake my gaming experience is going to be great. As of now, the token is the only asset we have with us but once the game is live then we will have multiple assets to purchase and we'll see how things will be in the game later.
My Delegation and APR
This is what I have delegated to the game account and it is 5K HP with an APR of almost 32%. Earlier this APR was dropped below 30% and then it was increased to more than 35% however now it is down again and I will try to keep an eye on this and how it goes in the coming weeks. It is obvious that when more people delegate then the APR will come down because more people in the reward pool means less distribution of tokens among participants. Even though this APR is slightly low but still I think it is very good.
It is way better than the traditional APR and since the token price in the market is also stable hence I assume many people would have delegated to earn tokens and sell them in the market to grow the hive power holding. I do not have any plan like this as such because my strategy is to grow the zinc token holding and this is also because I want to play this game whenever it is available but this is the time when the token accumulation can be done which will help in the gameplay later. I expect that this game is going to be great and all I can say is that the community is excited which is an important part that should not be ignored. People are talking about it and they have also extended their support to the game through the delegation and even on the liquidity reward pool which shows that the game is getting good momentum on this platform.
This has already been shared that the game will not be just limited to this chain and this will be expanded to another chain as well which I think is another good decision by the founder team. Having presents on different chains will bring more people on board and for any gaming project bigger community is the key. If more people become part of it then the value of assets will rise because demand will increase and even if many people are not playing then also fine because ultimately they will own somerset for some passive reward. I hope this mechanism should be there as splinterlands provided and with such options, many people would be trying to be part of the project.
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- @holozing
Delegation account- @zingtoken
Images are taken from https://holozing.com
Thank you
Posted Using InLeo Alpha
