I just completed reading @acidyo's post published four days ago. His post explains how to earn $ZING by holding $POSH tokens. $POSH tokens can be earned by sharing Holozing contents published on Hive and sharing them on Reddit. Of course, a Hivian must register first on hiveposh.com using Keychain to login with Reddit authentication. We are reminded that $POSH was created in the first place for the purpose of driving traffic to Hive front-ends and the Hive ecosystem.

Status of a Holozing Link I Shared on Reddit

Reading the post reminds me of the last article I shared on Reddit. As I checked, it was not 22 days, but 19 days ago.

After checking its current status, so far it has 344 views and 2 comments.

From a "Wicked" Seller to a Liquidity Provider

The reason for my inactivity for more than three weeks is because of the waiting period. In my post 22 days ago, I mentioned that I have been observing the direction of the price of the token before I will decide to join the liquidity pool. Due to my experience to a few projects on Hive, I now refuse to follow the herd mentality of doing things what most Hivians do. Of course, there is a consequence for such a contrarian approach. You will be thought as an "opportunist," and a "wicked" seller as if you have no concern for the long-term prospect of the project except your personal gain.

No my friend, though moral judgment can be made as to one's attitude towards any specific project, but I think such a mindset is not applicable to the status of the Holozing project. There is nothing "wicked" in selling the token, as well as there is nothing "righteous" in buying and holding it. It is more of your own personal opinion because buying and selling is just a fact of life and a sign of a healthy exchange in a free market system.

A Relatively Stable $ZING Price

As I shared in the above article, I have my own strategy and target in my participation in the Holozing project. Of course, I keep in mind the development of the token's base price as a guide.

Since 05 November until 24 December, I already sold 1,000 $ZING earning 22.0965 SWAP.HIVE. I added these $HIVE income to my HP delegation to the @zingtoken account. So far, I already earned 9.9125 $HIVE from my HP delegation. That explains the additional 32.019 to my HP delegation on top of 2,300.

A minute ago, after seeing the 200 $ZING I unstaked a week ago, I went straight to BeeSwap to add the tokens to the liquidity pool:

If the price of the token will remain in its current level, I am thinking of doing the same action with the remaining 600 $ZING tokens that will be unstaked in the next three weeks.

The current market price of the $ZING token in the "buy order" side is 0.01341 SWAP.HIVE. Last 24 December, I sold 200 at 0.01292. Since then, the token is showing some strength by bouncing back.

Here is the record of my transaction since 05 November:

And here is the record of ZING's Supply:

As you can see, on weekly basis, the direction of a big bulk of the additional supply of the token from inflation consistently goes to both the stakes and the liquidity pool. As for tokens kept in wallets, it decreased in 10 December from 770,000 to 670,000. Since then, though the quantity keeps increasing, but it is relatively small, only 60,000 in 24 December and 20,000 in 31 December respectively.

Coming up with the above analysis, I still keep that 0.00366 price given by @acidyo last 25 November. With the current 3.445 M HP delegation to @zingtoken I think the "fair" price is still not that far from the one given five weeks ago.

A Blessed Merry Christmas to the Holozing community and a prosperous 2024!

Grace and peace!