Token Distribution details

in Holozing Community9 months ago (edited)

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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.



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Zing Distribution

MethodDailyMonthlyYearly
Hive Power Delegations200,0006,000,00073,000,000
POSH Holdings40,0001,200,00014,600,000
Liqudity Provider40,0001,200,00014,600,000
Zing Staking20,000600,0007,300,000



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.


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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



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Sort:  

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( plus 1.5k 😎)

6.9K delegation!

Because... 😅

Excited to start claiming tomorrow and for game development updates! Awesome job on the artwork, clean and smooth site so far.

As of now I just need to login https://holozing.com/ and I am registered automatically or anything further action needed to be eligible for reward?

Just registration and either delegation or posh holdings, then you just have to claim every now and then!

A lot of anxiety for everything to start soon! Let's go with everything guys.

Haha yeah a bit, it'll be 3 am for me when the token launches. Hope it all goes well with no issues!

I'm sure everything will work out, you're doing your best with the team and this effort will be rewarded!

The distribution to POSH holders will be limited...

Is there more utility coming to POSH?

It has its eyes set on another (smaller) project it wants to help fund after this which might give similar dividends/claim/airdrops to its holders. Too soon to be exact/tell any details.

Delegated half my HP, looking forward to the future of the game :-)

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If I delegate hp but have no posh, am I eligible for airdrop?

Until what time can I delegate?

Yes, you just need to login to the website once and either delegate HP or hold POSH to claim rewards over time.

No end-time for delegations currently, edited it into the post.

Excellent, thanks my friend. In my two years in hive I have never delegated Hp, so this is the first time.


Already delegated, thanks

I haven't been using my HP very well the last few months so why not delegate it for some ZING rewards.

I'm not sure what is going on but I'm getting an error message. I got some investigating to do.

This error is because you don't have enough VP.

You can't delegate all your available HP if your Voting Power or Voting Mana is not at 100%.

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As you can see in the image, your VP or Voting Mana is less than 80%.

I suggest trying with a smaller amount, less than 80% of your total HP. Wait a few days for the VP to recover (remove all auto and manual votes) and then update the delegation to a higher amount.

Thanks for the information. I was unaware that voting power/delegating worked in such a way. Oddly enough the full 9000 delegation wouldn't work in one transaction but breaking it down to two transactions did work.

HivePower delegations don't add up, so you are delegating the last amount.

Correct, I made a blunder.

4,000 has been delegated.

It's probably a voting power issue, as we mentioned in the post above if your vp is too low it won't let you delegate as much as you have in HP. Try a lower amount and change it later if you still want!

I haven't been using my HP very well the last few months so why not delegate it for some ZING rewards.

Edit:

I'm not sure what is going on but I'm getting an error message. I got some investigating to do.

Edit 2:

Well that was interesting. For some reason the 9000 delegation wouldn't go through on its own. I had to break it down into two transactions 5000/4000.

Delegations on hive don't add up, so you're currently delegating 4000 (1000 will be returned to you in 5 days after the initial 5000 delegation). It's a bit confusing cause I know on hive-engine they add up for their token delegations.

I knew that and still made the mistake. I'm shaking my head at myself right now but that's ok it could of been worse. I could of mistakenly undelegated it all. Thanks for the help, all the best with getting delegations for your project.

Haha no worries, make sure to log in to the website as well once to not miss out on the first claimdrop rewards! Cheers!

nice.. I delegated some HP

Great! I think it will be very late for me, but I ll do my best to be here from the point 0!
I cant login at the moment. Using Firefox. Is this normal?
Should we be able to log in regardless?

Hmm, are you using the correct site without the "beta."? Just holozing.com

Now it works!
Thank you!

I have delegated 500 HP to start with, and I may increase this in the coming days. I think this will be the first project I have followed from the beginning to the end.

This is interesting how to i delegate to get the rewards seems like it would be a good place to put my hp for now

5K delegation because acid is a cool guy.

Really interesting.
You got my last liquid HP :-)
Rehived.

liquid hp is interesting ^^ :P

HP Delegated ! Awesome Projekt im excited looking forward to play the game!

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The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.

I was wondering - how does the reward history chart work? I wasn't sure if it was buggy, or if it is doing something that I don't understand:

Screenshot 2023-11-11 195128.png

On 11-06 I claimed way more than it is showing. It shows up in the 'recent claims' section correctly, but the chart seems to be off. Am I missing something? This is also very possible.

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Thank you for the important information @holozing. This gives me an idea on how the system works.

I don't understand, if I delegate after the tokens have been released, will I still receive something? Or does it necessarily have to be before the day?

@holozing @acidyo

No it's just if you want to start claiming as early as everyone else, you'll be able to delegate and change your delegations at any time and the rewards will just update hourly.

It took me a while, but I've already made my delegation!

Hey guys, congrats on the launch! Looking forward to diving in and seeing this grow :)

Quick question, I delegated 2500 HP a few days ago for today's claim drop. The claim button seems to be greyed out, is there anything I should be doing? I'm sure I messed things up already lol

Nevermind, I'm an idiot. Had to refresh.

Very happy that Bots and Automation not allowed 👍

https://reddit.com/r/holozing/comments/17hrkya/token_info/
https://reddit.com/r/BlockchainGame/comments/17xzj35/token_distribution_for_the_holozing_game/
The rewards earned on this comment will go directly to the people( @acidyo, @rzc24-nftbbg ) sharing the post on Reddit as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

Greetings again, as I mentioned recently in the introduction post, yesterday I made my first delegation of 150.000HP as a gesture of support, it is very low even I could say insignificant compared to the top delegations the project has already received.

But I hope to grow my Hive Power soon to keep showing my support with future delegations.

#Zing

So I was moving in the past weeks and I remember that I read when you delegate now the rewards start in a few days. I delegated 1000 HP, I have not seen any rewards. Just logged in to the website, nothing. I'm probably missing something as I've been exhausted and overwhelmed with real life. Can you check what's up or explain?

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I delegated it from the first post btw. So a few weeks ago more or less.

PS sorry about the pimp, just noticed it's been muted, forgive me for tipping :)

You would've had to sign in once with the delegation. :/ It should start accumulating now.

Ah ok, so that's what I've missed during moving.. I thought oh that's convenient I will start receiving while I can't be online much, lol. Thanks for explaining :)

Sorry just sent you a message that I still didn't have any rewards but for some reason, it turns out I'm blind as there were lol.

Deleted it :)

Things are working now, yay!

how long will the distribution phase (for e.g. HP) last?

Not determined yet!

I have read in detail and still want to know more about the game and its stakes with the ZING. I like the idea of the project and from now on you will have a 200hp delegation from me. Thanks for bringing something different and unique to the Hive blockchain.