Achieved 10k Zing Stake and Strategy to Build ahead

Its been one month since the ZING token distribution by the Holozing game. I am excited about this game and I did delegate to @zingtoken even before the discussion started because I did not want to miss it. I am glad that I joined this from the beginning and have been getting higher APR through different parts of token distribution. I have been getting zing for HP delegate and POSH balance from day 1 and the initial APR was juicy. It is still very good but when more people join the pool then it's obvious that the APR will come down and it always happens so the best approach would be to be part of the project from the beginning so that better returns can be achieved. I did the same and I'm happy that I was able to start in the beginning so I could also get the benefit of the higher APR for some time however I will continue to earn tokens.

10k Zing tokens

I have been accumulating the token since day one and I'm very happy that now in a long time, I have built a stake of 10k zing tokens. This is just the start and I want to have a bigger holding for Zing token. The game is exciting and I can see the enthusiasm that people are showing towards this game even when just the token has been launched and we don't know the use case for this in the game. This has been told that the game will have a fantastic use case for this token and this is why having more tokens is beneficial which I am trying to do. For sure I'm going to play this game once launched and I will be participating in different events whenever it starts because I want to have skin in the game and do not want to miss out on anything.

Delegation Increase

Here is the snapshot of my delegation to the account where you can see that I started my delegation on 18th October whereas the distribution started from the 21st October onwards. It's been a month of delegation and through different ways, I have made it 10K tokens in total but that's not all. Now I am going to increase this delegation a bit more so that I get more tokens through HP delegation and I believe it is one of the best and Safeway to earn zing tokens as a reward.

I did it and here is the updated delegation as now I have delegated 5k HP in total. Now my reward for the delegation will increase. I think this should be effective in the next few hours and this will help me have more tokens every day.

Delegation is a better way to Earn

Although we have four ways that we can use to earn Zing out of all Delegation is the best and this is my opinion. Different people can have different thoughts and I do agree that there is no one right or wrong it is just about the preference and whatever method you like to use. The one month for the delegation reward has gone well and this is the reason why I increase the amount to 5k hive power. More people are trying to earn more zing and this is why the account has got over 3 million HP and this is a big amount.

Now my delegation has been updated and it is reflecting on this snapshot whereas the APR is also almost ninety percent which I think is very good. I know that this APR will continue to drop but by the time it drops more I should be able to accumulate more tokens and this is why I think the delegation is 1 of the nice way to earn zing tokens. Taking the right action at the right time is very important and I did it because I started with the game from day one which helped me but now I want to have more tokens which is why the delegation is increased.

Overall Zing Reward

I have enabled all four methods to earn zing tokens and here is the snapshot for the same where you can see how I am earning through different methods. I have no plan to sell off instead I plan to build a better holding with this token and the same I am trying to do. It's been over a week for the liquidity pool and when I started the APR was over 1300% and now it has gone down by almost 50%. I have not invested much in the pool because I know it is a bit riskier investment however I participated to grab the higher APR and I am happy with whatever reward I get through the liquidity pool.

Other than liquidity pool other options are working well and the APR is also not fluctuating much which is good. I will not be changing anything in this and it will continue to go the same way however if I feel that I have more HP available then probably I will increase it more in the coming weeks but for now whatever is done looks good for me it will be the same.

Zing Market Movement & my Buying Strategy

Zing is listed on the Hive-engine exchange and its tradable there. Here is the graph for the token you can see where the prices are a little stable at this range however it has dropped in the last three weeks if we compare. I am trying to keep a close eye on the price and if it drops further then I'll be trying to buy a bunch of tokens. I can't say if the current price is good for buying but I am trying to be more greedy here and this is the reason why keeping an eye on the price because you never know if there is someone ready to sell at an even lower price.

I have also checked the trading history and I can see that there are more sellers than buyers and this is the reason why I expect that the price will drop further. As a buyer, I would always expect the price to be low for me so that I can get more tokens. It is always a great deal to get more at a discounted price at the same I am trying to do with the zing token. I don't know if it will happen or not but I am expecting at least a slight drop in the price looking at the trade history but do not know when I can see a buying opportunity. I'm not in a hurry and I just want to grab a deal so I will see when it is available even if it takes a couple of weeks then I'm fine because ultimately I'm earning it already but with market buy, I can grow my stake faster.

I have not defined any goal for me and it's just that I want to have as much as I can before the game launch because I expect once the game is live then people will get to know the utility of local which might spike the token price. This time when people are getting tokens just for the delegation or some other ways then the probability is that they will be selling off to book some profit and this might trigger the price down which can be a good buying opportunity for the people who want to build. I am also the one who is trying to build a decent stake with Zing token. This has already been announced that the game will be going live in the first quarter of 2024 which means we have enough time to build the holding and I a trying to do it.

Some handy Links that you can access for more details:-

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 and hive-engine.com website

Thank you

Posted Using InLeo Alpha