Hello future Healers!
First of all, thanks for the amazing reception of our Introduction Post!
It was the most-read article on @peakd that day with over 100 comments which resulted in more than 130 followers on this account, over 100 on Twitter and close to 100 on our Discord Server.
There's been over 200k Hive Power delegated to the project already even before the claimdrop has started, guess you're all as excited about it as we are! Without further ado, let's get into it!
This post is a reminder that the token launch is set to start on:
Saturday the 21st, 7 PM UTC
You can now visit the updated website link https://holozing.com/ and login with @keychain to be registered for the claimdrop. Once registered, your Hive Power delegations and POSH holdings will start accumulating you staked Zing tokens which you can claim to your Hive-engine wallet once every hour after the launch time.
Zing Distribution
| Method | Daily | Monthly | Yearly |
|---|---|---|---|
| Hive Power Delegations | 200,000 | 6,000,000 | 73,000,000 |
| POSH Holdings | 40,000 | 1,200,000 | 14,600,000 |
| Liqudity Provider | 40,000 | 1,200,000 | 14,600,000 |
| Zing Staking | 20,000 | 600,000 | 7,300,000 |
These will be the starting distribution numbers for Zing.
Please note that we reserve the right to adjust all but the Hive Power delegation distribution over time.
The distribution to POSH holders will be limited and we'll try to give users a heads up when we are reaching the end-date but can't give any concrete numbers right now as it still has a lot of moving parts. For the other distributions, there's no end-date planned as of now, but it might change if the project doesn't need further funding through delegations in the future.
Also keep in mind that these are not the final distribution methods, once the game is launched there will be many different ways to earn zing such as PvP rewards, collection rewards, achievements rewards, etc.
While distribution may adjust and change over time, we want to make it known that we will never mint tokens to be used for things like promotion/marketing, team member salaries/rewards or any of such forms. The only exception may be to add more distribution methods towards pegged Zing tokens for other chains in the near future, which will be announced in time and may not constitute higher inflation.
Other small details
To get an equal start with everyone else, it is enough to delegate a few minutes before launch time, first rewards will be claimable an hour after launch.
Keep in mind that all initial claimable rewards will come in the form of staked zing, which means liquidity providers on hive-engine won't be able to earn any LP rewards until a week after launch when their unstaking provides them with liquid zing.
Delegation info
The official account to delegate your Hive Power to is:
@zingtoken
Zing tokens to delegation rewards are set to 200,000 Zing daily. This means that Zing goes out stake-weighted based on your amount of Hive Power delegation to the account. For instance if Alice delegates 100k Hive Power and Bob delegates 100k and the total Hive Power delegations are 200k, they will both receive 100k zing per day. If Alice or Bob change their delegation amount, it will reflect in the next hour's snapshot giving them the correct amount of claimable rewards based on the delegation at the time.
You can delegate Hive Power by going to (Hive.blog's wallet page): https://wallet.hive.blog/ or to the wallet page of your favorite front-end and click on the arrow next to your Hive Power to perform a delegation. To delegate you need to mind your voting power, it will get drained if you delegate too much of your total HP or not allow you to delegate if your voting power is too low. Un-delegations take 5 days to return your Hive Power back to you after you perform the action.
Unstaking
The process of unstaking will take a total of 4 weeks of the unstaking amount started. After 7 days you will receive 25% of the total amount every week for a total of 4 weeks.
If you have any questions about the token distribution or delegations, I'm sure someone on the Discord server will be able to help you out!
Stay tuned by following us on Hive @holozing
Official Website: https://holozing.com/
Official Hive community: Peakd, Hive.blog, Ecency, inLeo
Twitter/X: https://twitter.com/holozing
Discord: https://discord.gg/EGzdV9z8BG
