The Hodlers Network is the first social network built on Blockchain technology to identify each crypto wallet to check good and bad users, avoid fraud, and provide a safer and more confidential environment in the world of cryptocurrency. Hodlers Network is a platform that employs blockchain technology to authenticate members and avoid scams, becoming the first network to offer answers to the challenges of bitcoin frauds. To verify its product dependability, the firm itself will be the first to be audited by the same community inside the Hodlers ecosystem, i.e., the expert community will assess those experiences and input to enhance the quality of the crypto business. Hodlers Network will also provide an NFT Marketplace for users to utilize as digital media to be securely replicated and in the most reliable way possible as it will be traceable on the blockchain.
Hodlers Network Non-Fungible Tokens (NFTS)
An NFT, or non-fungible token, is a cryptocurrency that symbolizes a one-of-a-kind digital asset, such as art or a digital object. You may have heard of NFTs when digital artist Beeple sold one for $69 million at Christie's auction house. Hodlers Network also provides NFTs for investors and users in its marketplace who have original content that has to be protected against copyright and other infringements. Hodlers Network does this by imprinting smart contract codes on the object, making it one-of-a-kind.
Now, let's look at some specific instances from Hodlers Network to understand more about Token Fungibility:
What Exactly Is Fungibility?
The capacity of a quality to be replaced with an identical asset while maintaining its quality is referred to as fungibility. Hodlers Network also defines an asset's distinguishing features, such as quality and style. In terms of utility, one $10 bill is equivalent to another $10 statement. As a result, if you borrow $10 from a buddy, you should not return the same note because another of its sort has the same price. A BTC has the same value as another in the cryptocurrency industry. However, everything changes once Hodlers Network converts to non-fungible tokens.
Benefits of Hodlers Network NFTs
NFTs have transformed digital communications. Let's explore some advantages of this coin are:
Easily Transferable: Hodlers Network NFTs square measure acquired and traded on unique marketplaces. The usage of NFTs depends on their novelty.
Trustworthy: Blockchain technology practices non-fungible tokens. Therefore, you know that Rocket Pirate's NFT is suitable as it's arduous to produce counterfeits with a disseminated and permanent record.
Maintain possession Rights: This relates to an NFT's disseminated platform value wherein no emptor will update the information afterward.
Project Reviews Of Hodlers Network
Users have common knowledge to depend on others for a better assessment. The Hodlers network is the framework for users to accomplish this function and help make DeFi a credible business environment. Typical audit businesses are expanded into community review and public comments on the project, company, website, etc., just by audit codes, on the blockchain Hodlers network. A public project review would cut company verification costs and serve as a better way of advertising businesses at a much lower price.
DeFi can control loan operations between individuals by using smart contracts and other up-and-coming protocols to secure a satisfying conclusion by establishing a framework of the agreement between the two (or more) participating parties. If the full functionality described above is started, the banks' loan arm would probably have a big hit as savers turn to DeFi to get a higher return on their funds while borrowers are also turning to the blockchain because of lower transaction charges and other benefits arising from the absence of an intermediary. Finally, the blockchain has already shown in the transfer of money that the troubles and costs are so stunningly cheap compared to the banks. In this sense, DeFi appears to fundamentally change the way money is exchanged in subsequent years across the worldwide economy.
Contact With Us:
Website: https://www.hodlers.network
WhitePaper: https://secureservercdn.net/160.153.137.218/v6j.833.myftpupload.com/wp-content/uploads/2021/05/HDLN-White-Paper.pdf
Telegram: https://t.me/hodlersnetwork
Twitter: https://twitter.com/HodlersN
Medium: https://hodlersnetwork.medium.com
Authorship:
BEP-20 Wallet Address: 0x64F07a07bcd2476ca02EE8BA2d9b3D7368d07e9a
Telegram Username: @bristysaha
Proof Of Registration Link : https://bitcointalk.org/index.php?topic=5339052.msg57196574#msg57196574
Forum Username: nerobmon130
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2578561