CoinMarketCap takes a deep dive into a community-driven project named HODL 2.0 that runs on Binance Smart Chain.
HODL 2.0 is an upgrade to Hodl V1, a community-driven DeFi project based on the Binance Smart Chain.
An innovative mechanism in the BSC ecosystem is brought to life by HODL 2.0 which gives its investors a chance to earn $BNB just by holding $HODL tokens. They can also take advantage of a number of features offered by the project, including auto buy-backs and gas fee reimbursement, to name a few.
How Does HODL 2.0 (HODL) Work?
It must be noted that HODL 1.0 and HODL 2.0 (HODL) work on the same mechanism.
The amount of BNB investors may claim is determined by the ratio of $HODL to the entire BNB pool (total quantity of BNB). If investors own 1% of $HODL, for instance, they may receive 1% of the BNB reward pool. Every transaction contributes 4% and re-distributes in $BNB to all HODL holders. HODL 2.0 allows its investors to collect rewards in the form of $HODL as well.
How To Claim BNB on HODL?
The rewards can easily be claimed by connecting your wallet through the HODL DApp on the project’s website. The quantity of BNB to be claimed in the pool reduces overtime since all holders start to claim their tokens as soon as the pool is available. if you fail to claim your share early, you are left with less amount of token rewards. Therefore, it is advised to claim tokens as soon as a cycle is completed.
The exact time at which investors may claim their BNB is determined by a number of variables. Typically, the pool becomes available for claim every 24 hour. However, trading $HODL tokens disrupts the collection date for those specific investors. This isn't a flaw; it is a feature that aids the prevention of scalping.
A key thing to note here is that the BNB doesn’t stack over time. This is because the BNB pool is not in the ownership of a single investor. There isn't a specific quantity of BNB set aside for one investor, but a set portion of the BNB pool. As more individuals claim their BNB, the entire pool shrinks, lowering the BNB value of each investor’s set portion. In a nutshell, investors should claim their BNB as soon as an opportunity arises.
What Makes HODL 2.0 (HODL) Unique?
HODL 2.0 (HODL) brings a lot of upgraded features to the table including:
Buy-Backs That Are Triggered Automatically
Strategically, two-way auto-triggered buy-back techniques are used to ensure long-term price and volume growth. Each qualifying sell transaction and re-Invest call function triggers buybacks.
Pools Of Fibonacci
To render the reward pool more stable, use Fibonacci pools. The amount of reward distribution will grow as the market cap rises. However, it will remain stable even if volume drops at any point in time, rendering it long-term viable.
Rewarding & Investing
There is a “Reward & Reinvestment Percentage” option to re-invest the earned BNB into HODL instantly. Upon re-investing, there are no transaction fees or taxes.
By Hoarding $HODL, You May Earn $BNB
Every transaction is collected 4% of the time and dispersed to all $HODL holders in $BNB. By holding the $HODL token, you can earn $BNB.
Pool Of Automatic Liquidity
2% of every transaction goes directly to the automatically generating liquidity on PancakeSwap that gives an opportunity to the $HODL holders to profit the most in the long run.
Static Rewards From RFI
2% of every transaction is dispersed to all $HODL holders. Since the burn address is also a holder, each transaction contributes to deflation strategy.
Anti-Whale Mechanism
Transactions (sell/buy) of more than 0.1% of the entire supply are rejected. Anyone who moves more than 0.1% of the entire supply (between two wallets) will be penalized 1 BNB, which will be donated to charities.
Highly Protected
Unicrypt (provider of multi-chain decentralized protocols & services) is used to encrypt any initial liquidity provided. For the $HODL community, the contract is trustless. Regular audit reports will be published over time to promote transparency.
HODL 2.0 (HODL) Tokenomics
There is a total supply of 1 quadrillion $HODL tokens. 66.4% was set aside for the presale and launch phase. Also, the creators have locked 100% liquidity for six months and burnt 23.6% of the total supply. $HODL token investors can transfer their supply to HODL 2.0 and earn $BNB.
HODL 2.0 (HODL) Price
HODL 2.0 (HODL) is now trading at $0.00000002851, as of August 12, 2021. Its 24-hour trading volume on exchanges is around USD $429,155.23.
When Will HODL 2.0 (HODL) Hit 1 Cent?
As of August 12, 2021, HODL 2.0 (HODL) is trading at $0.00000002851. So far, the HODL 2.0 token needs to complete a long journey to reach 1 cent. However, the ever-rising popularity of BNB may prove to be the main anchor behind its success in the future. Apart from the traction HODL 2.0 may get from BNB, there are also a lot of volatile factors that may increase or decrease its price in the long run. At the moment, it is very hard to say in which direction HODL 2.0 will tilt and it is advisable to keep an eye on market indicators and technical opinions of cryptocurrency experts before investing in this token.
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