Aspects You Must Know About The Token Utility Of Project Hodlers Network

in hodlersnetwork •  3 years ago 

Hodlers Network is an additional layer of protection for the investment community and a social network that helps expose both new and existing enterprises, keeping individuals away from fraudulent initiatives. Hodlers Network, built on the Binance Smart Chain (BSC) Network, aims to reduce fraud in the DeFi ecosystem through verification. The Network will employ unique technologies and methods to foster trust and offer the community the chance to evaluate initiatives. HDLN will be listed on the Binance Smart Chain Platform (BSC) and fully conform to the BEP-20 standard. The standard will enable the token to communicate with third-party services such as listings, wallets, and exchanges.

Hodlers Network's Social Media

The role of social media in disseminating knowledge about cryptocurrencies and their popularity among the public cannot be questioned. In truth, social networking platforms such as Facebook, Twitter, and notably Reddit have been influential in popularizing the first cryptocurrency, Bitcoin. Therefore, Hodlers Network is going to create our Social Network. It will give lots of choices for the bitcoin community especially (as well as to other less typically involved people), such as getting in touch with the greatest crypto traders, influencers, groups, or organizations surrounding the cryptocurrency market. It will also give a place for the users to share their portfolios, news, and information about cryptocurrencies. They will have the chance to establish and join coin groups and follow their preferred investors and currencies. On the other side, social networks will allow the firms to build coin pages and post important announcements, ads, and news for the correct audiences. For example, Ripple, which is a blockchain for global payments, is embracing social media as a tool for preserving their successful company. It has almost over a million followers on Twitter, where it regularly shares diverse activities like instructional webinars with the public. (Lee, 2018).

Tokenomics Of Hodlers Network

Hodlers Network token will be the $HDLN, which can only be used within the platform's ecosystem to trade and pay for things. HDLN will be deployed on Binance Smart Chain Platform (BSC), a blockchain network designed for hosting smart contract-based apps, giving consumers the best of both worlds: BC's massive transaction throughput and BSC's innovative contract capability. The token strictly adheres to the BEP-20 standard. The standard will let the cryptocurrency work with third-party services like listings, wallets, and exchanges.

Token Distribution Of Hodlers Network

● The entire supply of HDLN Token is 100.000.000 and can never be modified.

● The 18.000.000 (18 percent ) of HDLN tokens will be banned and cannot be utilized for up to 2 years (2023). (2023).

● 30.000.000 (30 percent ) of HDLN will be targeted for private sales.

● 5.000.000 (5 percent ) of HDLN will be allocated to enhancements and security implementation in the networks connected to the Hodlers Network, including improvements, innovations, or redesigns based on the project.

● 15.000.000 (15 percent ) of HDLN will be placed in the HDLN reserve, which will be utilized for burning, among other things.

Banks nowadays play an essential role in every functional economy by facilitating these three activities. At the moment, the first primarily demands that the bank keep transparent and accurate records of how much cash a client has in his account at any one time. In this regard, DeFi can easily accomplish the same role by utilizing the blockchain and its distributed ledger technology to preserve those same data without the need for a third party. Furthermore, because numerous parties confirm transactions before being put in the ledger, DeFi eliminates the risk of corrupted data. SO after seeing all these benefits, you should consider joining Hodlers Network as soon as possible.

Official links for more details,

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



Author By:

Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1775685

BEP-20 Wallet Address: 0xdD06362dA2952c3717B10eA2AA59571EDc802098

Proof Of Registration Link : https://bitcointalk.org/index.php?topic=5339052.msg57176793#msg57176793

Forum Username: rudyjavon

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!