Hello to my fellow community members,
My Friends, last year I joined a game called Holozing, which is also a blockchain game built on the Hive blockchain. Right now, the game is not playable, but back when I joined it, I did take part in some activities.
In today’s blog, I’ll talk about those activities and also share my review based on what I experienced.
Today, after many months or almost a year, I opened the Holozing game again and noticed that I received a NFT. You can see the NFT in the screenshot below which is called One Year of Holozing. This is because I have been a Holozing player or member for over a year now, and that’s why I received this NFT.
Right now, I don’t know what the use of this NFT is, but I will explore it and definitely share the details with you.
Friends, there were many ways by which we could earn rewards in the Holozing game. Some of them included staking, delegating Hive Power, and providing liquidity in a liquidity pool at Hive Decentralized Exchange ( tribaldex).
These were some of the ways players could get involved and support the project while also getting something in return. The reward we received was in the form of ZING tokens, which is the native token of the Holozing game. I had also delegated Hive Power, and later I provided liquidity in the liquidity pool ( HIVE:ZING liquidity Pair).
Back then, I remember the APR was over 100 percent. Even now, I can see that the APR is around 82.63 percent. I will share the screenshot below so you can check it out too.
When you delegate Hive Power or stake ZING tokens, the number of your assets does not decrease. But in the case of providing liquidity, if you were not aware, let me tell you, the number of your assets can decrease depending on how the market moves.
I will share a screenshot below where you can see that the valuation I had in January was 2.67 dollars, and now it has dropped by 75 percent to just 0.66 dollars.
So yes, liquidity pools are risky, but as long as you continue providing liquidity, they do reward you over time. Just make sure to understand the risks properly before getting into it.
In the screenshot below, I am sharing where I receive daily rewards, friends, based on the liquidity I have provided. I had provided a very small amount of liquidity, and still, I receive around 2 ZING tokens on a daily basis, as you can see below.
Below screenshot shows my liquidity adding history.
Now friends, the total amount I invested was 6 HIVE, and along with that, I also invested an equal amount of ZING tokens. So in total, it was like investing the equivalent of 12 HIVE.
In the screenshot above, you can see that over the period of about one year, I have received around 935 ZING tokens. You can also see the current value of those tokens, but over time, this value can go up or down.
Liquidity pools have always been risky, and this is something you should keep in mind. If you start your journey on Holozing you can join the game using my link below.
