Holo everyone!
We wanted to write a quick post to let you know on some updates we have either implemented already or have planned to come soon.
POSH Distribution ended today
In total, roughly 3 million zing were claimed by POSH holders with ~50% going to @poshtoken.wallet and the other 50% to the community who held POSH. This was roughly worth 60,000 Hive in total at the current price. POSH has some more plans on similar distributions so make sure to follow @poshtoken for updates.
Liquidity provider rewards diluted
The rewards to our liquidity providers on hive-engine were slashed by about 25% in the new reward window lasting for 60 days from today. These 25% (10,000 zing daily) will be used towards two other chains in our upcoming bridge and trading pairs. No date on when that's going to launch yet but we're working on making it as easy as possible for UX, being able to send zing to other chains, providing liquidity and trading of zing to be done through the website are the plans and we'll update you as soon as we know more!
Distribution of zing has decreased from 300,000 daily to 250,000 with 10,000 awaiting to be re-entered on binance chain and ethereum LP.
- 200,000 to hive power delegators
- 30,000 to liquidity providers
- 20,000 to staking rewards
Collection Rewards
We are planning on releasing collection rewards along with our upcoming alpha starter sale. We've decided to start off with 40k daily zing but potentially adjust it based on packs sold and later on to include healers as well. We realize many are awaiting to purchase starter packs so we decided that 40k sounded like a good amount. These will initially be split between unopened and opened packs, more info on the point system and exact split to be announced.
Once this is live it means that daily distribution would go back up to 300,000.
Community beneficiary settings
We've received some concern recently from stakeholders of the way we fund things, at the same time we have also planned to invite more users to assist us not just with curation and moderation of the community but also become active on our socials and managing those accounts. We currently only have Hive, X, and Reddit as our official outlets but plan on adding more with your help such as Youtube, Medium, Tiktok, Inleo threads, etc.
To make this possible without it taking a toll on funding the game, we've decided to implement a default beneficiary setting for users posting onto our community. The rewards will be sent to a separate account and similar to our other finances will be kept transparent to the community of how funds are being used.
We'll be implementing this shortly along with official community rules and reminding users to adhere to them if they're consistently ignoring them.
Stay tuned by following us on Hive @holozing
Official Hive community:
Peakd - Hive.blog - Ecency - inLeo
Twitter/X --- Reddit --- Discord
Witnesses involved in @holozing if you'd like to support them with your vote:
Post rewards sent to @hive.fund.
