Holo Everyone!
The last time I made a post in this community, I wrote about how I had invested $28 into the zing.swap.hive liquidity pool. In the same post, I also mentioned that my goal was to have up to $500 invested in the pool in a couple of months. Of course, this is easier said than done but I am really determined to do it. On that note, I recently added over $90 worth of tokens to the pool to bring the sum to $116.
At some point, this amount was up to $122 but these tokens are still volatile even in the pool. Something to keep in mind if you ever want to be a liquidity provider.
So yes, I have added over $100 worth of liquidity to this pool and the rewards have been pouring in. In the past week, I have earned almost $5 worth of zing from the pool rewards. It's not very glamorous but it is something.
Last week, I owned just a measly 0.06% of the liquidity pool but now my share is up to 0.21%. It feels nice owning a two decimal place percentage of the pool but something that does not feel so nice is the reducing APR of the liquidity pool.
When I initially decided to become a liquidity provider, the liquidity pool provided an APR of over 230%. In the past two weeks this APR has been reducing consistently and right now it it 173%.
173% is still a lot. In fact, any APR above 100% is significantly high. Still, it hurts when these values go down. If I were a newbie in the crypto space, I would probably have been discouraged from reaching my $500 goal but, given my experience, I'm just going to focus on my goal.
Of course, I expected these numbers to come down as time goes by. I am not that naive. I expect the numbers to go even lower than this which is why I need to take advantage of it as much as I can. In the next couple of weeks, I should have put $300 in the pool and accelerated my growth. I really hope it works out as I have planned.
As the APR for the liquidity pool has been reducing, things have been more favorable for the Posh Token APR. I have been observing these numbers and there was a time it was as high as 220%. Right now, the APR is up to 247% which is just insanely significantly higher than the others!
It's possible that these numbers have come up because the zing-posh claimdrop will be discontinued very soon. I'm not very good with the math on how APR is calculated but it's possible that the APR is high because not too many people hold poshtoken. I can't say for sure. I do hope that when the claimdrop ends, we would see some gains in the liquidity pool numbers. I guess we'll just have to wait and see.
More Exciting Things
So, we've been told that the starter pack sale will kickoff in the not so distant future. Also some items have been revealed on the Holozing page. I have been able to find out that the price of a pack is expected to be $20 with chances for discounts.
I really can't wait for the starter pack sale to begin. From this post, the sale would probably last a couple of months which I think is a fair amount of time to let people snatch as much packs as they can. I am also looking forward to the "collection rewards" that will come with buying packs.
Speaking of rewards, the referral program is an exciting new development in this game. I was wondering when we'd get a program like this and we finally did. Since I found Holozing through Acidyo's tweet, I set him as my referrer account.
I'm not a great referrer by any metric. As you can see, I have zero referred accounts but I hope to change that.
So, if you're looking to join Holozing, you can use my referral link https://holozing.com?ref=theawesononso or just login to https://holozing.com/ and add theawesononso as referrer account. See you there :)
