Liquidity provided Zing

As some of you know who've been involved in @holozing (which are close to 200 in the Discord server right now), we were going to start our 4th distribution of Zing which are focused towards Liquidity providers on hive-engine.com (one of Hive's layer 2 services).

This is meant to be the 4th out of the current active Zing distributions and ways for users to earn Zing. The reason this one is a lot higher than Staking and on par with POSH is because there's quite some risk to providing liquidity, so please be careful there and do your research and due diligence. I've talked a little in a post recently how Liquidity pools work which you can read here.

After our initial distribution launch a week ago which went really well thanks to our team getting together despite there being a 14h timezone difference between all 3 members involved. We planned on starting the LP distribution a week after which would have been in tune with a day after liquid zing were available to those who unstaked.

_{Our Discord Announcement of the pool and reward distribution launch.}


We thought that many would've started unstaking their earned Zing, maybe not the first hour but at least during the first day, but as it turns out, we were very wrong about that. 😅

_{A screenshot of liquid Zing holders yesterday}

Since it was mainly members of the @holozing team who had liquid Zing available at this time which would have meant that the daily 40k Zing going to liquidity providers would've been very skewed in favor of very few accounts, we decided to halt and postpone the distribution of Zing to LP's for another week. This should give everyone time to unstake more zing, for the price on the markets to settle down a bit to more realistic numbers with the help of liquid Zing sell pressure which at the same time would make entering the pool less risky for your Hive balance.

We apologize for the inconvenience of some of the few accounts that may have been ready and providing liquidity at this time but we hope you understand where we're coming from with this adjustment. Having had a fair distribution launch that anyone and everyone could participate in, we wanted to make sure that this part of it would stay as fair as possible to everyone as well.

I also want to thank the team for staying neutral during this time and not participating in the market, even though it's not something we've discussed prior or asked anyone not to, cause similar to everyone else they've all earned their Zing fairly by providing delegations, they've refrained from doing so on their own accord but I wouldn't hold it against them if they did and I hope no one else will either.

Like always, don't make any drastic decisions to FOMO in or do something you may regret, this project has just started and is expected to have over 100M tokens after a year in circulation. Right now there's very little liquidity which may have kept the price up for this many days. I'm not giving you any advice on what to do next, just asking you to be careful as the markets are unpredictable and we're not responsible for what occurs there.

_{Banner created with Midjourney solely for this post and doesn't reflect on Holozing}