One Month Of Holozing Game And Zing Token Rewards
I came to know about holozing game and its token launch during my visit to the trending topics on Hive around 1 month ago. I read everything about the game and it did sound cool to me. I immediately delegated 600 HP to @zingtoken so that i can get some zing token in return bevause the apr was much higher at that time as compared to now.
Well that 600 HP delegation gave me more than 100 zing token daily in first few days which then reduced. Till now i have sold around 600 zing dor Hive while i still have more than 1500 zing tokens staked.
I have booked a little profit because i knew that the price of zing was higher and it will go down. Well its good to take some profit along the way. Well i plan to buy back if the price drops more. Keep in mind that i am still earning 40+ zing per day for 600 HP delegated.
This is actually a good return even at the current price 40 zing token are worth more than 40 cents.
The current apr for legation is around 86% which is still very higher. Delegators are earning more zing rewards as compared to the rewards earned from curation. I mean 600 HP will not earn me $0.4 for curation while 600 delegation to $zingtoken is earning me daily more than $0.4 at current price. So we can say that delegating hp to zingtoken is more fruitful than curation.
All thanks to @acidyo and his team for bringing this opportunity. The game is still in launch mood. When it will be fully launched it may push up the price of zing token depending on the in-game usecase for zing.
There are different ways to earn zing token.
You can earn zing token through
(1)Delegating your HP to @zingtoken
(2)Holding Posh tokens
(3) Staking zing tokens
(4) Providing liquidity
I am earning through delegation as it is the best and safest way to earn zing token as i can pull back my HP anytime i want. Now i am planning to increase my HP to zingtoken so that i can get more zing reward.
I also wanted to try adding liquidity but maybe later sometime when the zing price seems reasonable to me. Because playing with liquidity pools is risky. You may get more or less worth of what you going to add in the pools. For example to add liquidity we need zing and Hive equal in worth. Once we added the liquidity then trades on the pair will effect our position in the pool. There are chances of profit as well as loss when adding liquidity. When removing liquidity you may not get what you put into , it maybe less or more depending on the price of assets at the time of withdraw. It is very risky, so DYOR.
Well i will write my experience when i will add liquidity in next few days. I will be writing about my experience time to time. For now i am enjoying zing rewards.
Thats it for today. Thanks for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
Motivation Dose
Get out of your comfort zone and fight the troubles and hurdles that come your way to success. Success awaits you.
Life is beautiful ، live it to the fullest. Dont be hopeless. Stand strong in the ups and downs of life as its part of life. There is always a light behind every dark side.
About Author
@coolguy222 is a crypto trader and content creator on hive blockchain. He also runs a small business of Mobile accessories and Wrist watches. He loves to make new friends.
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