Holozing - Adding Big Value to Hive Power Holders

Hive Power according to leoglossary, refers to the $HIVE coin that is staked on the Hive blockchain. This is done through a process called powering up which switches liquid $HIVE into Hive Power, or HP. A user's Hive Power gives the user access to utilize the blockchain through Resource Credits hence, it could be considered as an access token for the network and to write to the database.

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There are several benefits accrued to a user who stakes Hive into Hive power. Besides being an access token, HP gives users the ability to participate in the governance of the Hive blockchain by electing witnesses (block producers). The weight of the vote given to support a witness and the witness' ranking among others depends on the amount of HP that supports it. Hive blockchain designed as a Delegated-Proof-of-Stake (DPoS) ecosystem, allows the users to delegate their power to the witnesses by votes. The top 20 witnesses are the key determiners of the codes that the blockchain runs on per time.

Hive Power is also used to share the resources of the blockchain to deserving developers and contributors through the Decentralized Hive Funding (DHF). Users that seek to contribute value to the blockchain make a proposal seeking funds based on the details of their contributions which may be development or marketing. The Hive stake votes given to the proposal determine if the proposal will be funded or not.

Content Curation Rewards is likely the most popular benefit of owning Hive Power. Users with Hive Power earn rewards by curating (upvoting) content (posts, videos, comments,). These curators earn a portion of the curation rewards after payout window. Curation APY stands right at about 8.5%. However, just holding Hive Power without curating with it also attracts an APY of about 2%. This is a big incentive for users to stake their liquid HIVE into Hive Power.

While there are other benefits of owning Hive Power, the launch of the latest web3 game - Holozing has added a big usecase and has become a biog motivation for Hive users to stake their Hive. The Holozing game which is still in its formative days has already made many Hivers rich by offering them $ZING token for delegating their HP to @zingtoken account which is primarily used to curate content to generate revenue for the building of the game.

A recent update on the $ZING token has revealed that the majority of Zing distribution goes to HP Delegators (200k daily Zing vs 320k daily total). Forfeiting 8.5% HP curation rewards for ZINT tokens at 46.36% APR looks like a good bet. Plus the fact that Holozing game is still in its very early days and has the potential for a sustainable future. The brain behind Holozing (Acid), has been a big contributor to Hive's success, and his strides that have made OCD, and POSH successful inform that Holozing would someday like SPlinterlands become the buzz of the web3 gaming world.

Earning about 90 ZING tokens daily as a reward for delegating 1,250 HP to Zingtoken is a cool deal. Without a doubt, earning a good amount of ZING tokens from HP delegation can be one of the biggest investments of the time. Compounding the numbers over time is the goal and eventually, taking a part of the ZING rewards to provide liquidity in the Tribaldex pools. It is obvious that the 46.36% APR on the Holozing website is understated as Acid pitches Zing rewards currently at 70% APR

You may have to read this directly from the mouth of @acidyo:

The more others delegate the lower the amount of Zing you earn but the total amount of delegation will then also make the Zing base price worth more. For instance at the 3.15M HP delegations right now, the base price of Zing is above 0.00366 Hive per Zing, that's still only 10% of its current price but the more people delegate the higher that base value goes. This of course doesn't mean that the price of Zing can never go under 0.00366, it just means that if that were to happen, you're better off undelegating and earning curation rewards (and buying zing with Hive directly) than earning zing and trading it for Hive.

Those who know, know what they know and they know what projects they should support on Hive. In my opinion, Holozing is a future-looking project and would bring a lot of value to Hive on the long run. many times, there is the disclaimer that Holozing is not an investment, it is a web game for the fun of it where users own their account and their assets. However, web3 makes it possible to monetize even our fun.

Put together, holding Hive Power in the Hive blockchain is not just a measure of a user's financial stake but also a commitment to the platform's health, security, and decentralized governance. Supporting projects like Holozing is alo a way to support Hive since these projects project the Hive image and will eventually bring the masses to Hive.

Don't miss the line that Holozing is adding Big Value to Hive Power Holders!