The ZING token is the in-game token of the new and upcoming game on Hive, Holozing. The token has been live for a few months now and its distribution is ongoing and slowly taking shape.
The game itself has not launched yet, although there is a dedicated web for it with multiple features already built in.
There seems to was a small break in the game development but lately things started moving again.
The ZING token was announced in October 2023 and shortly after started with its distribution. At first reward were given out for the following:
- HP delegations
- ZING staking
- Collection rewards
- Liquidity providers
A total of 300k daily ZING tokens were set to be distributed.
The rewards for POSH holders ended in February 2024. Later when the game is live there will be more ways to distribute tokens, mainly for playing the game. More info in the official whitepaper https://whitepaper.holozing.com/.
Here we will be looking at:
- Daily issued
- Supply
- Top Earners
- Staked supply
- Liquid vs Staked
- Top Stakers
- Price
The period that we will be looking at is from October 2023 to August 2024.
Daily Issued Tokens
How many ZING tokens are issued daily? From what category? Here is the chart.
The amount of daily distributed tokens is a bit lower than the 300k projected ones. The HP delegations is the main way for tokens distribution, followed by liquidity rewards and then staking ZING.
When we add the above the current token supply looks like this:
A straight line up, since there are no changes in the emissions in the period with a small uptick in the last month. This is due to a big stakeholder claiming after a long period of time.
At the moment there is close to 150M ZING tokens in circulation, with on average 290k tokens issued daily in 2024, 8.7M per month and 106M issued tokens in 2024.
Top Earners in the Last 30 Days
Who has been earning the most in the period? Here is the chart.
The @darthknight account is on the top with a massive 8M earned in the last 30 days. This is because of a cumulative rewards for delegation claimed after a long period of not claiming. @acidyo on the second spot followed by @yabapmatt with around 1M tokens per month.
Note that the liquidity providers rewards LPs are not included above. The way that they are distributed by the HE contract is not recorded on chain and I can’t get that data. All the other ways of distribution, delegation, staking and POSH are included.
Staked Supply
What about staking? What percentage of the distributed tokens are still staked?
We can notice that staking has been constantly high in the period. From the very beginning of the token distribution. There are LP rewards, so even the tokens that are not staked, a big part of them is locked in the liquidity pool.
On a monthly basis the staking looks like this:
There was an increase in the staked tokens in October reaching an ATH of 17M tokens staked.
Note that all the rewards, except for LPs are distributed as staked tokens, so the majority of the tokens are entering in circulation as staked tokens. Still from the chart we can notice that a lot of them remain staked and users are not unstaking.
Share of Staked Supply
The current share of the staked ZING tokens is as follows:
A 82% of the tokens staked. A 118M out of the total 143M of the current supply. Out of the rest 25M, 13M are in the liquidity pool.
Top Accounts that Staked ZING
Who has been staking the most.
In terms of staking @acidyo is on the top with 18M staked ZING, followed by @vcelier with 9M and @darthknight with 8M.
Price
At the end the price. How has it been holding in the period? Here is the chart in HIVE.
At the very start the price was quite high, but this is to be expected, as the supply was non-existent, nobody had any tokens, no team allocation, no presale, and the APR for all the pools were high so users rushed in.
Afterwards the price stabilized between 0.003 HIVE. In the last months of 2024 there was an increase in the price going up to 0.01 HIVE but it dropped again since then. The current market cap is close to 150k USD, so if executed properly, there is a lot of room to grow.
All the best
@dalz
I guess it's a bit difficult to determine issuance vs distribution/claimed amount since only the latter shows on hive-engine transactions. Either way, daily issuance has changed a few times since early launch and usually become higher. Right now I believe there is about 500k daily zing being distributed but to count as distributed users have to claim.
The changes have been in mind as to what is most fair in terms of value4value in what the project receives in funding through HP delegations and now Alpha Vial purchases. We've listened to the community a lot regarding these changes, I know it's something everyone says but if you look at my holdings, mostly staked, lowering staking rewards and increasing LP rewards (recent changes) were really not in my favor, haha.
Anyway, considering hive went up about 2x since bottom and zing has been inflationary and things have gotten delayed I'd say we still looking rather okay price wise for now! Let's see what 2025 brings!
Yea I see the issued transactions as well, but those happen like once per month in a big pool of tokens like 10M, 20M, qnd then get slowly diatributed. Showing the daily distribution that is based on users claiming seems like a more elegant way for presentstion!
Appreciste the effort you are puting in this, I know its not easy, wish you all the success!!!
Yeah, I could've let you know of the distribution and exact dates they occurred but on the phone now and time for bed. :D
Next time!
and yeah it became quite an ambitious project, at least it'll be quite unique and lots to do when you start playing it! Will be quite a lot for alpha but we'll do a slow rollout to allow everyone time to learn it!
Indeed, a lot of room to grow. The tokenomics is good, and the sentiment is bullish, so probably a lot of good things might happen so Zing anytime soon
106M zing tokens issued in 2024, OMG, so many tokens staked, this is a huge tribe but price is decreasing
yea.. GO ZING!! 👊😉😎🤙 very promising and great looking game!!
The token inflation does seem insane at the moment, but I think it's a really nice system they have going to distribute ZING token fairly amongst early supporters.
Thanks for the informative post.
I'm still working on my first million ZING.
i'm on my goal of 100k zing in 2025
The APR is just amazing with Zing!
!PIZZA
$PIZZA slices delivered:
danzocal tipped dalz
(3/5) @arcelcalvin9 tipped @dalz
This is a detail analysis, it shows massive progress over a long period, i guess going slow is the best way to do it
Excelente @dalz quiero aprender a ganar token, bendiciones 🙏
Thanks for the information very helpful
Thank you for this very informative post.
My key takeaways are: 150 million ZING, 290k tokens issued daily, 8.7 million per month, and 106 million in 2024.
I think now is the time to grow one's stakes.
!BBH
!PIZZA
Yeah, it's only recorded on the HE layer-2 chain. It should be possible to get it... but probably, via RPC calls, will take a while (still happy for you to target my node in NZ). I am happy to run a script too (locally, which will be way faster), if you don't run a full DB of HE.
Let me know. 🤟 Thanks for your work!
ZING Definitely looks so promising and I am really rooting for it in the future
I don't think there's gonna be much price increase before the game launches and there are use cases, now it's just accumulate