Introduction
With the emergence of decentralized finance (DeFi), a world of financial instruments is opening up, accessible, open and without permissions for anyone with a cell phone or a computer connected to the Internet. It is a movement that takes advantage of decentralized networks to transform old financial products into transparent protocols that work without intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc., in order to gain confidence in it and see if it is trustworthy or not, but with no credibility.
For this reason, the project I'm going to present you is Hodlers Network (https://www.hodlers.network/), the first social network based on Blockchain technology that identifies each crypto wallet to verify good and bad users, with the aim of avoiding scams and creating a safer and more reliable environment in the world of cryptocurrencies and, more specifically, decentralized finance for investors.
Definition
In more detail, Hodlers Network (https://www.hodlers.network/) is a platform that uses blockchain technology to verify users and prevent scams, becoming the first network to offer solutions to the problems of cryptocurrency scams. To prove its product reliability, the company itself will be the first to be audited by the same community within the Hodlers ecosystem, i.e. the expert community will judge those experiences and feedback to improve the quality of the crypto business.
Hodlers Network will also provide an NFT Marketplace for users to use as digital media to be easily and securely reproduced, and in the most reliable way possible as it will be traceable on the blockchain.
Goal
By creating a Trust Review project, Hodlers Network's main goal is to provide cryptocurrency holders to review new and old coins in order to decide whether they are good and trustworthy or bad. Further, the main idea is to play a vital role in filtering new projects in the world of cryptocurrencies in order to avoid frauds, which are so common nowadays.
List of Features
- Verified wallets: Each user will be able to verify the network of other users and their wallet can also be verified by other users to make the network more secure.
- Help and payment receipt: Verified users will be rewarded for helping to verify new users.
- Anti-hacking: Hodlers Network provides a secure community. The more transparent and reputable you are within the ecosystem, the greater your benefits and the greater your access to products.
- Economic: Having a public KYC system allows you to verify users constantly and reduces the cost of verification.
- All in one: Each profile will have information such as wallet ID, name, access to their social networks, etc.
- Daily rewards: The user will be rewarded with $HDLN tokens daily for performing any action.
- Hodlers for companies: Having a professional and verified profile of your business and team members will give confidence, advantages and certain reputation to the company, as well as many benefits for your products within Hodlers Network.
- Real-time database: Hodlers will index all profiles in search engines to be searched quickly.
Tokenomics
Main Benefits
There are plenty of benefits that Hodlers Network offers, here I put a list of the most important of them:
- Users will earn rewards every day for using the platform. Every verified wallet on our network must have HDLN in order to earn rewards and verify other users.
- The HDLN token has a specific function that will value itself and grow its value.
- Each user will be able to create NFTs that can be used as currency, as a representation of an asset, a virtual stock, a proof, etc.
- The use of a blockchain is cryptographically secure: the ledger is distributed to all nodes of the system creation.
Tokenomics
Hodlers Network token will be the $HDLN, which can only be used within the platform's ecosystem to exchange and pay for products. HDLN will be launched on Binance Smart Chain Platform (BSC), which is a blockchain network built for running smart contract-based applications, which allows users to get the best of both worlds: the high transaction capacity of BC and the smart contract functionality of BSC. The token fully follows the BEP-20 standard. The standard will make the token compatible with third-party services such as listings, wallets and exchanges.
Bounty program
The project gives the opportunity to earn HDLN tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Thread here (https://bitcointalk.org/index.php?topic=5339052.msg57058930#msg57058930), where you can access the link in order to see what are the conditions to become an early Hodler Network contributor and start acquiring tokens.
For more information about the project, you can visit and read their WhitePaper available here (HodlersNetwork_WP). You can also stay tuned to their official Telegram Channel (https://t.me/hodlersnetwork). I hope you liked the post and soon I'll send you new ones.
The Team
Social Media Links
Whitepaper: HodlersNetwork_WP
Medium: https://hodlersnetwork.medium.com/
Twitter: https://twitter.com/HodlersN
Telegram: https://t.me/hodlersnetwork
Conclusion
Hodlers Network will be one of the most promising projects of 2021, developing an important wallet ID based network that will help cryptocurrency lovers to know if a project is secure to invest or not, and also will review every new upcoming project in order to give investors more reliability in their investments. So, stay tuned on their social media channels (links above) in order to know their relevant steps and also, if you are interested on the project, below you can see their commercial availability (it is not a financial advice).
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Author Details
Email: [email protected]
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
BSC/Ethereum wallet: 0x91707502A8DFDC523f7a6f2c218cC9a52777d5ad
Bitcointalk Proof of Authentication link: https://bitcointalk.org/index.php?topic=5339052.msg57106928#msg57106928