Holo everyone!
We've got some new small things lined up for the last month of the year of the dragon! To continue with what we did last year, we are re-introducing our Advent Calendar this year for you daily reward claimers - this time however without zing rewards but with Holo Dust instead and of course a new 2024 achievement!
Holo Dust will be one of our main in-game materials, this will be used in many ways but primarily in crafting. Aside from things costing certain unique materials to that particular craft, most of them will require the addition of holo dust to finish the blueprint along with burning some zing in the holoverse. Our plans at this time are that most things in the game will have a "base" holo dust and zing cost, for instance to capture creatures you need a capture device and ammo, with the former at some point needing repairs while the latter needs to be refilled and thus crafted. This means that for every capture attempt there'll be resources spent that have cost dust and zing to create thus every successful capture attempt has some base costs behind them and both the dust and zing gets burned rather than going to one entity.
To prepare our healers for our upcoming game, you will now be able to claim some dust in your daily December claims and stack it up to the total amount in your account. We want to keep this in-game material nontradable in an effort to avoid spam/multi account abuse where someone only has crafting leveled up on one account and farms materials on many others to transfer to it and we will once the game goes live keep an eye on such activity at later stages for higher level crafting items that may have been farmed in ways we may find unfair towards real players.
Aside from getting it from the December event here, in the game players will be able to obtain Holo Dust when defeating Holo creatures and capturing them! The amounts there will depend on how hard the fight was based on the type of creature you used compared to the one you battled and the rarer the captured creature is the more Holo Dust you will obtain!
To get the achievement, a player must claim at least once on every unique day during December and they'll be getting an iteration of the 2023 December achievement of different tiers, which also get them some zing collection rewards over time with a low weight!
Lastly we wanted to discuss some upcoming changes to Zing distribution rewards. Before we step into the suggested changes we wanted to give you the motivation behind them. While HP delegations have been great in making sure we have a weekly income to pay for development of the game, they're in a way quite limited as there's a lot of different projects on Hive making use of them and many preferring to use them for other fun and important things like curation. We believe we've used our voting power quite responsible over the years, during times of less activity most of our votes go towards @hbd.funder as to not overreward contributions in our community/related to our project and when times have called for it like our inktober contest we've been able to reward the big amount of participants properly with all the voting power available.
Based on our average delegations and the average price of Hive the last year+, we can conclude an approximate 250k hive per year has been raised to fund the project, at an average hive price of 30cents that's roughly $75,000. Comparing this to our Alpha Vial sale which has been live for less than a couple months, we've already raised over $20,000. As we're getting closer to opening being available along with Holozing accounts without a hive account linked to them yet and accepting other crypto we expect that amount to maintain and potentially go up. The changes suggested below are in an effort to bring balance to that. We have also noticed that a lot of liquidity has been lost in our zing-swap.hive pool as markets are more volatile lately and will be increasing the rewards there as well to make it possible for bigger trades to occur without affecting the price too greatly as we noticed recently happen. Here are the proposed changes:
HP Delegation Distribution changed from 250k daily to 200k daily.
Zing Staking Distribution changed from 40k daily to 30k daily.
Zing Collection Distribution changed from 90k daily to 200k daily.
Zing Liquidity Distribution changed from 20k daily to 30k daily.
Zing Achievement Distribution changed from 10k daily to 5k daily.
While Zing continues to be inflationary with this change, we want to continue focusing on funding our ambitious project so we can grow the team and pick up the pace in 2025. This means our daily total distribution would change from 410k daily zing to 465k.
Our HP Distribution was overdue to be reduced again, we didn't do so when we introduced collection rewards initially after we raised it from 150k daily, placing this on par with Collection Rewards now allows us to collect more funding through Alpha Vials and later opened vials in the form of creatures and items which then will get further diluted as the game enters a playable beta where players can capture creatures to grow their collection weight. With Staking Rewards we believe it served its increased purpose for some time there when HP delegation distribution increased to not dilute early supporters. We may have too much zing staked compared to the total distributed amount with current standings being 100m/115m staked:
The Achievement change will be temporary until we have more achievements coming out as the game is playable and the liquidity distribution we'd like to encourage more people to provide liquidity even though its APR is one of the highest of all others by a large margin it's most likely due to volatile markets so do your due diligence before entering the pool on what providing liquidity is and how it works.
Let us know what you think of these changes, we appreciate community input and will consider it before applying them shortly!
Make sure to collect some Holo Dust in December and let us know how that's going by using our @peakd snaps section that can be found here: snaps/hive-131131
Stay tuned by following us on Hive @holozing
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Witnesses involved in @holozing if you'd like to support them with your vote:
