Current Status of My HoloZing Web2 Outreach and a Few Reflection about the Game and The $ZING Token

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28-A German Player Delegating 21k USD Worth of HP.png

I just shared @reeta0119's post on Reddit about the profitability of HP delegation and the promising opportunity for early buyers of the $ZING token. I think this is the 17th article I shared on r/BlockchainGame. I got curious so I revisited all those posts to see the number of views they received:

Current Status of My HoloZing Web2 Outreach

So far, the number of views is still small. This is understandable for the game is still in the preparation stage. I am anticipating that once this game has been launched, it will attract more eyeballs and greater curiosity. The good thing is that those links are already out there and with the popularity of Reddit, I expect that those who will be searching will find answers from those links.

A Few Reflection about the Game

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My Response to @reeta0119's Article

What follows is a reflection on some of the thoughts that @reeta0119 shared in her article that I mentioned in the opening sentence of this post.

I don't know if this is also promoted outside this platform . . .

The above statement motivated me to write this post. Thanks, @reeta0119!

I applauded her excitement and enthusiasm about her initial experience with the game. The quantity of her stakes demonstrates such an excitement. After sharing her views about the importance of community in the prospective success of HoloZing, she discussed the current APR of the token and implied that delegating to the project is more beneficial than traditional curation rewards. I agree with this insight. I think many Hivians also realized this opportunity and that's why they have been shifting their HP to @zingtoken. The 3.485 M HP of the gaming account shows the high level support of the community to HoloZing.

In my case, I started with 100 HP delegation and after a day raised it to 1,000. My HP delegation now is 2,314. That extra 14 is the amount of $HIVE I earned by selling 200 $ZING token. As I said in my earlier posts, this is my way to monitor the profitability of HP delegation to the game.

Market Price of the Token

Though I agree with reeta's interpretation that buying more tokens now will be more profitable once the game becomes popular, however, I am also mindful of the mathematics side of the game. Though the market does not decide on the basis of computation, but on sentiment, still there is nothing wrong to use these metrics as a guide in our micro-investing.

Commenting on @acidyo's post published 8 days ago, I noted the 174.56% increase in base price of $ZING from 0.001333 to 0.00366. The fact that the market does not decide on the basis of such a computation shows that the current sentiment is far stronger than mathematics.

I shared @tarazkp's "anxiety" about the price of $ZING demonstrating its current strength:

I am actually a little bit "worried" as the price of ZING has held up much longer than I had expected, which means my plan of buying back more cheaply, might go awry. The close it gets to release of packs and the game itself, the greater the risk gets that I will end up buying it back at a premium. Source

And so what I intend to do with those numbers is to use them as a benchmark to guide me in my buying and selling. I think sooner I will join the liquidity providers, and that would mean, I would either add the $ZING rewards I get from staking and delegation to the pool or I will be a buyer soon.

Token Supply

Checking the website, you will see there that current circulating supply of the token is 11.38M and the total stakes is 9.02M. And so we only have 2.36M liquid $ZING token. Of course, we are not adding here the additional $ZING from daily rewards. Moreover, checking also the top 250 in the Richlist on BeeSwap, I came up with 1,506,686 ZING in the liquidity pool. On the website, the number is 1.59M. This means that the remaining number of $ZING tokens left in the wallets is just 770,000 plus.

So for those who think that now is not the time to sell, but to buy, I respect that. The existing supply of the token supports that idea. Nevertheless, personally, I would rather wait perhaps two to three weeks more before I will consider adding that very attractive 465.81% APR for liquidity providers to my rewards.

Grace and peace!



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