Hodl Token has been launched according to their recent release in order to ensure higher returns for the users in return for a simple task, holding $HODL in their wallet.
Hodl Token presents a new, proactive, and secure method to automate the user’s earnings by providing a systemic increase in the wallet balance. The users holding $HODL will be able to generate more tokens in the form of $BNB and $HODL based on the current holdings. As a deflationary system, the token’s value will gradually increase as the total supply decreases.
Hodl Token automates the earning process by creating an autonomous friction less yield farming and liquidity generation protocol. The only requirement is that the users shall hold Hodl Tokens in the wallet, and it will automatically start generating returns. Where the users are meant to hold the Hodl Token, the returns will be generated in $BNB of equivalent amount.
Projects like Hodl Token are driving the entire crypto community into becoming user-oriented and community-based platforms. There are multiple ways to improve the earnings, besides the reward users will get for holding the $HODL in the wallets.
4% of every transaction completed on the platform is re-distributed to all users holding the $HODL in the wallets. The transaction is completed in $HODL, but the reward is provided in $BNB, which at present has a high market reputation.
The users can easily collect the rewards after the cycle is complete. The reward collection cycle is not affected until the users sell 100% of their tokens; however, if they add more than 100% $HODL to their balance during the previous cycle, the time required to collect the reward in $BNB increases proportionally with the amount.
Along with the automated yield generation, the users also earn via a perpetual increase in the value of $HODL as they undergo a burning mechanism. The burns are controlled by the development team and are effectuated according to the achievements. The deflationary connotation given to the platform ensures a gradual decrease in supply and increase in value. The first burn transaction (10%) was initiated on 7th May 2021, and until now, 23.6% of the tokens have been burned.
Apart from this, 4% of every transaction is redirected to the PanCakeSwap liquidity pool, which means that the long-term token holders will benefit the most from this sort of system. Lastly, 2% of every transaction will go towards RFI Static rewards and redistributed to every user holding $HODL, again initiating a deflation mechanism to increase value in the supply.
Hodl Token is created to protect the users and their investment with the Anti-Whale mechanism. Whales hold unique power over the platform as they can manipulate the outcome for other users. On Hodl Token, any transaction or trade with a value of more than 1% than the total supply will be rejected because of their being a disruptive transfer. It will protect the users from reeling under the impact of a steep decline or increase in the value of the token.
However, there is a mechanism set for the disruptive transfers that can be executed via a dAPP. Users wanting to trade in more than 1% of the must do so via the dAPP, and the transfer fee of 1BNB will be charged.
Another system to protect the platform from unprecedented changes is zero-balance punishment. As a punishment, the users with zero balance in their wallets will collect their BNB after 50 years.