What is HODL? HODL is a DeFi-focused blockchain project that allows investors to earn passive income. As Kriptokoin.com, we have answered the questions for you, such as what is HODL, what it offers, what is HODL coin, how to get it and what is it used for.
What is HODL? What does the project offer?
HODL is a DeFi focused blockchain project designed to enable users to earn passive income. Built on Binance Smart Chain (BSC), the platform adopts a different method. Accordingly, HODL coin holders can earn Binance Coin (BNB) simply by holding their holdings.
The project aims to avoid high volatility in the crypto ecosystem by guaranteeing interest to its users, developing anti-whale mechanisms and deflationary money burning. Users earn passive income through staking on many projects. However, in the HODL project, passive income is earned not only through staking but also through ownership.
Platform charges 3% of every transaction made within its body as transaction fee. It then distributes a portion of this transaction fee among its users. In addition to earning income by holding tokens, the platform also offers features such as staking and mining.
What is HODL coin? What is it used for?
HODL coin is the native cryptocurrency of the DeFi platform. HODL holders can earn income through staking, mining and incentive rewards. Users who hold and use cryptocurrencies earn 10% interest income from the platform every year. In addition, the token also has a staking feature. Users can earn token rewards at maturity by locking their assets with a certain maturity. In addition, investors who are interested in cryptocurrency mining can earn money by issuing HODL tokens with CPU mining.
What are the advantages?
- HODL coin holders have the opportunity to lock their assets for a certain period of time and earn additional token rewards at maturity, thanks to the staking feature.
- Users holding the HODL token earn 10% of interest income and Binance Coin (BNB) every year.
- Also, the platform runs pretty fast. Orders and transactions are executed in less than 3 minutes.
What are the disadvantages?
- HODL token is very difficult to reach. Cryptocurrency is listed on quite a few exchanges. Listing the token on major exchanges is very important for its popularity and adoption.
- Coin hiding on online exchanges brings with it the risk of attack. However, this disadvantage can be overcome by transferring assets to a hardware wallet.
How to get HODL coin?
Crypto exchanges such as BitMart, PancakeSwap, Lbank list HODL coin. Interested investors should subscribe to these exchanges and deposit currencies such as dollars or fiat into their wallets. After that, he can find the HODL token and buy the coin by placing a buy order.
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