Hello People,
Hope the day is going well for you and it's going well for me also.
Today I was checking the price for zing tokens in the hive-engine exchange and it was looking quite stable. I have shared in my previous post that I am checking out more about this game which is still under development. This is called holozing and the game is currently under development but the token distribution is started already. It is good for those holding more tokens now or they are holding more HP which will give them the chance to earn more tokens. But I think new people or whoever is holding very little HP will not be able to get more benefits. For example, if I talk about myself I have very limited HP and that will not get me any bigger reward from the token distribution.
The January and Feb months overall look stable for the zinc price in the market. If we look at overall this price has gone down as compared to the November and December months in the beginning. The last one and half months were approximately the time when price was not much fluctuating and this is good because people are earning tokens every day. Its simply that whoever is earning the token is holding and not at all selling in the market. Even the daily trading volume is not much which is just $100 in the last 24 hours. Now the question is where these tokens are going and the answer is simple that people are building their holding.
Here is the overall token economy where the total circulating supply is over 31 million out of phase almost 24 million tokens are staked. Roughly 75% of the token supply is state which is a very big percentage. I am not an expert but I think keeping 75% token supply at stake is very good and 25% is utilised on liquidity pools and even on the market. Looks great I would say because these are strong signals for the token economy and I think this is why the community seem to be strong with this game which is not even launched yet.
With my limited resources, I increased my HP delegation today and earlier it was 100 HP but now it is 300 HP. After 300 HP delegation, I am left with 69HP so this is the maximum I could do and hope it will give some tokens daily as part of the reward.
Updated the delegation-
Conclusion
In my opinion, everything looks good and this game is also looking quite exciting and promising even though when we do not have the game for gameplay. I hope that joining in the early days which is now can help the people who have already joined. I have also seen a tweet in which the founder has mentioned that the game will be expanded to other chains and not just for the hive. It will be great if this happens because this will open the door for many players to be part of this project which will increase the demand for various digital assets. As far as I'm aware a gaming project is fantastic only when it has got bigger community and more people in the game means more fun and more demand for assets.
Please use my affiliate link below if you are not part of game.
https://holozing.com?ref=shriram19
Images are taken from peakd the holozing game
Thanks for stopping by