How nice it would be if #Zing's APR profitability stayed at 72% and we all continue to collect #Zing tokens. But it never happens because where will such profits come from and also it is not good news for an established project. As we all can see APR rewards on Holozing website.
Two weeks ago if we had delegated our #hive power to @zingtoken we were getting a return of 72% APR. Similarly, if we look today, the APR has been 35% at the time of writing. Which shows that its APR has dropped significantly and this is due to delegates who are continuously delegating #hive power.
However, its APR profit is now out of hand, those who wanted to earn have earned and those who are left can buy #zing and put into stake to still earn best APR. But still delegating your hive will provide you with the best APR of 35% which is the best APR ever in the #hive community right now.
The current price of Zing is around $0.008 which is quite low now in terms of value. It is a reasonable price for those who want to invest in this project. It is likely that the price will double in the next few months and this has happened with many projects.
Not only is the price reasonable but we can also earn the best return on #Zing stake which is around 78% APR. Its APR will remain affordable for a long time, so there is still a great chance to earn more Zing Tokens from your investment and take advantage of this great APR.
That's the discussion about APR, now let's talk about Zing Contributor and who is on top till now in terms of holding Zing. Remember that the #Zing token is 2 months old today and many people have Zing staked. As of now, #1018 people have #ZING tokens held in varying amounts.
At the top of the list is @vcelier who is by far the top contributor to delegation and #Zing staking. They own about 741,896.967 ZING which makes them hold 6.8%. Similarly in second place is @poshtoken.wallet which holds 697,863.171 ZING and constitutes 6.394%.
In third place is @acidyo who also owns the project and holds a large quantity of #zing. They have 610,223.544 ZING stack so far which is a good number. And holding 5.591%.
At the fourth number is @tarazkp who is among the top contributor and till now he has 578,095.562 ZING stake and holds about 5.297%. At number 5 is @ocdb which stands for original content display and is also the best curating community. They have 491,238.044 ZING in stake form and hold about 4.501%.
These are the top 5 contributors to Zing token holding and staking so far. Apart from this, there are many users who are holding Zing tokens in different numbers. I think having so many users on Zing hold is best in less time.
However, I would say that it is the success of this project that so many tokens have been held in such a short time. So we all should support this project and make it successful. Also keep in mind that if the Zing Token stacks up at such a fast rate, its value will also drop.
For that, new investors must come. I also say that if the maximum supply of this Token is limited, then its price will not drop significantly in the future and will continue to rise. Similarly, if the total supply is infinite then surely the price needs to buy by investors otherwise the same that is happening to #hive will happen to #zing and that is the price will get more slower.
This is my attempt to give details about Zing Token and discuss its APR rewards. Along with that, who are the top contributors so far and the percentage of token holdings. I hope this post is educational and informative. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
