Hello and Namaste Everyone,
Gaming is one of the fastest-growing industries and a lot of development is happening in this market. Now gaming is combined with blockchain and Crypto so this is a fantastic combination where gaming has been taken to the next level. Now a game is not just for fun anymore instead we also can earn a reward. As of now because not many people are aware of this P2E concept so it is possible that many people don't believe that earning money is possible through the game. I expect that in, the next few years more people will get to know about play-to-earn gaming and how it is a great segment packed by blockchain and rewarded in the form of cryptocurrency. Mostly, play-to-earn games are not free to play and there is a reason why because we can earn monetary rewards, and making it free is not a viable option.
Holozing is an upcoming game on the hive network and it's founded by @acidyo and the team but please know that this game will also expand on different chains. I think that for any gaming project, it is essential to have a global presence. Global presence means the project should be available on various chains and not just one so that more people can become part of it. A game can be much bigger if its community is big and a lot of people are playing it. In simple words, I can say that if the community is actively engaging and bigger on any gaming projects so be ready to experience outstanding growth on that project. Because Holo Zing will be launched in the next few months, I expect it will get a bigger gaming community.
Holozing is a Play to earn Game
Play to earn is a combination of playing the game and earning a reward and this reward is distributed through some assets and tokens. Every game has got some sort of market where we can sell out these assets and get the crypto which we can convert to fiat currency. This process is very easy and because I play splinterlands game so I can say that it hardly takes a few minutes to get it done. I'm pretty sure that this game also will build the same model where we will be able to trade these assets in the game and also can sell out to book some profit and get monetary benefit in return. Web 3 is a growing segment where we can publish our content and also play the game but ultimately we are going to be the real owner of our assets or content whatever we do. Indeed it's a true ownership of the assets and our account where no intermediary is involved and the entire control remains with us. I'm glad that Holozing is available on Web 3 where we will not just enjoy the game but also own every asset along with the overall account ownership.
Community
Community is certainly an important part of any game and I'm very happy to share that even before the launch this game has got a fantastic and big community. The community is quite active and engaging and below are the stats where you can see that it is growing faster. I have not seen this type of response on any game before the launch and this is what I would say is going to be great for this gaming project. Even if I talk about the active users claiming rewards every so this count is over 2000 which I think is very good. Are you the one claiming or rewarding every day but yes I am the one who does it every day without fail because it helps to grow the holding faster.
Token Economy
For any play to earn a game token economy is also important. Zing is the native token for this game which is already launched and the distribution was also started in October. We have the opportunity to earn this token through certain ways including HP delegation and also through the liquidity pool while keeping the token at stake also earns a nice APR.
In the above snapshot, we can see that the total circulating supply is almost 34 million out of age 25 million tokens are staked. In my opinion, this is a good percentage that is out of circulation because people have deposited either in their wallets or in the liquidity pool. Less total circulation in the open market is good for the token economy because it reduces the ceiling pressure and the current market cap is 130K U.S dollars. This will be increased when the game is live and token utility is available.
Earning Zing and my Stake
Earlier we had four options to earn zing tokens but now one is removed. It was for POSH tokens and we were able to earn just by holding the POSH tokens. Now we are left with three options-
1- Zing Staking
2- HP Delegation
3- Liquidity Pool
I have been availing both the options to earn zing tokens and these are Staking and HP delegation to @zingtoken account. I have made it 30K zinc tokens balance which I think is very good but it took more than 3 months. I am not part of the liquidity pool because I don't understand how it works and I usually stay away from something that I'm not aware of. I am fine to have a steak where I can earn almost 29% of APR. Even with HP delegation, I can earn over 18% of APR.
I have delegated 8 KHP and when I did it that time the APR was more than 35%. Now it is above 18% so there is a drop of about 50% on the Apr. I see that this APR is dropping continuously but still, it is profitable however I will try to see if it drops even more then I might have to change my strategy on this part. Staking APR is anyways a good option because I am earning some tokens just by keeping the tokens at stake.
Referral
Referral has also been introduced by the game and it's a good option to earn some reward when your referred players buy assets. I have also not set up any account as my referrer but will be doing it soon. I have not decided who I am going to add to this field. You are reading this post and not part of the game, please join through my Referral Link-
https://holozing.com?ref=reeta0119
My Game Strategy
I have decided my strategy for this game is that I will continue to grow my token balance. I will try to make it 50K as soon as possible because currently I have 30 K and need 20k more to get it done. It has already taken over three months for me to have this balance and I am ready to give it more time where I can have this 50K token balance.
I am also going to buy assets once the sale is launched. I was one of the participants in the December month event so I have got some discount and will be availing that whenever there is a sale launch. I will be trying to buy a couple of NFTs and whatever assets are available that can make my gameplay better. I'll be investing in this game because I have planned to play and this will be my second blockchain game after splinterlands. I'm not too good in gaming but after a certain time I can learn as I did the same with the Splinterlands game and now I will be doing with holozing also.
So this is all about the game and I hope that I'm able to explain the game as well as its community and token economy. I have also shared about my in-game strategy related to token accumulation and once the sale is live then what I am going to buy. I am excited about this game and hope this should be launched soon but till now there is no update on the exact date when it will be launched for us to play. Even though there is no update on the sale and this is going to be the first-ever sale on the holozing game. I have kept some HBD which I will be using to buy assets in this game once the sale is there.
There is a lot to talk about this amazing game but I don't want to make this blog lengthy so ending this now however will try to share more about this game in another post soon
My Holozing Referral Link:- https://holozing.com?ref=reeta0119
Image and snapshots are taken from https://holozing.com
Thank you so much
Stay Safe