Today we will talk about HODL Token, a shitcoin that is no longer new and that is among the 10 Tokens that are most talked about and bought in the market. It is a token of the BSC network that also rewards you with BNB, in fact it was the first to do this and later other tokens such as GhostFace or GBTS Token have copied it.
In this article we are going to explain everything there is to know about HODL and how to buy it.
What is HODL Token?
HODL operates on a frictionless autonomous yield farming and liquidity generation protocol. Just keep $ HODL tokens in your wallet and you will get more $ HODL and $ BNB
HODL is a community driven DeFi project built on top of Binance Smart Chain #BSC. HODL brings the most revolutionary mechanism to the BSC ecosystem: Earn $ BNB just by having the $ HODL token
HODL is programmed to reward holders. It does this by applying a 10% tax to transactions:
4% goes to the BNB Rewards Fund
4% goes to liquidity
2% is distributed among the holders
We burn more than 23.6% of the total supply after launch and send it to a black hole address; As this address also participates in the protocol, it accumulates more tokens, effectively removing them from circulation. re is no limit to burning, the black hole will continue to grow, increasing the shortage of HODL
Token Distribution:
Total supply: $ 1 trillion HODL
66.4% for pre-sale and launch. 100% LP locked for 6 months
5% for airdrop (distribution blocked)
team only gets 1% that is locked and 4% for marketing.
remaining 23.4% of the foundation was burned.
BURN: automatic manual and deflationary burning
Having burns controlled by the team and promoted based on achievement helps keep the community rewarded and informed.
Also, since the currency is deflationary, the supply keeps decreasing with each transaction, ensuring limited availability in the near future. Deflation comes with the burned wallet as one of the @HOLD token holders, so it participates in the reflection and auto-burning tokens.
Manual burning conditions and quantities can be posted and tracked.
1st Burn transaction: 10% of total supply (May 7, 2021)
https://bscscan.com/token/0x0e3eaf83ea93abe756690c62c72284943b96a6bc?a=0x000000000000000000000000000000000dead
easiest way to earn $ BNB with HODL Token.
4% of each transaction is taken and redistributed to all $ HODL holders in $ BNB.
You will have to wait for a specific duration called the cycle (daily) to collect your BNB reward.
In this wait duration, if you continue to add more than 25% (threshHoldTopUpRate) of your $ HODL balance, the wait duration will add up proportionally with the cycle.
(If you sell $ HOLD it does not affect your cycle)
For example, on the first day of your cycle, you add more 30% $ HODL, you have to wait: 30% * 1 day = 7.2 hours more. That means you can collect BNB after 1 day and 7.2 hours.
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But if the threshHoldTopUpRate & gt; = 100%, the duration of the wait will be added to a maximum of 1 day, that is, 2 days.
For example, on the first day of your cycle, you add up to 100% $ HODL, you have to wait: 1 more day. That means you can collect BNB after 2 days.
This will prevent cheats from trying to add more $ HODL at the end of each loop.
BNB tax
After implementing the first testnet, we recognize that major $ HODL holders have more advantages in collecting BNB than others. Following the philosophy of building a pure community-driven project. We introduce a new tax function.
If you collect more than 1 BNB, 20% will be used to donate to charities. This feature helps us contribute to worthy causes!
Charity Wallet Address: 0xb6266d43F3E319e884E31075a36fDE8ceAeEf1C8
Frequently asked questions about the BNB reward.
How many BNB can I collect? You can charge the amount of BNB based on the ratio of $ HODL you have / the total pool of BNB.
For example, if you have 1% of $ HODL, you can withdraw 1% from the BNB rewards pool.
What is the BNB group? 4% of each transaction is taken and redistributed to all $ HODL holders in $ BNB. This amount of BNB is called the BNB pool.
What happens if I don’t get a BNB reward on my cycle? If you don’t cash in on your cycle and other holders claim, the BNB pool will shrink.
So your pool’s $ HODL / BNB ratio is also reduced. This is why you should collect as soon as your cycle is ready.
Why does my collectible BNB always change? You can charge the amount of BNB based on the ratio of $ HODL you have / the total pool of BNB. So when you change the total BNB in the reward pool, you can also collect BNB.
Transaction collection
With $ HODL, each transaction (buy / sell or wallet transfer) has a 10% transaction collection fee where:
4% of each transaction contributes to automatically generate more liquidity in Pancake Swap. Making the most of $ HODL holders in the long run!
4% of each transaction is taken and redistributed to all #HODL holders in $ BNB.
2% of each transaction is taken and redistributed to all $ HODL holders. Recording address is also a holder, so each transaction helps deflate supply.
Automatic LP and RFI static rewards
Automatic LP
As mentioned, there is a 10% tax on each transaction, 4% is added to the liquidity in PancakeSwap through the contract.
This liquidity becomes blocked and inaccessible, once again raising the floor price each time a transaction is made.
RFI- Static Rewards
2% of each transaction is taken and redistributed to all $ HODL holders. Recording address is also a holder, so each transaction helps deflate supply.
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HODL Token Anti whales
Along with the self-generating liquidity protocol, we have added an Anti-Whale feature.
We have seen many $ HODL holders suffer from large whale spills. For example: the price of NCAT fell 4 times in just hours because a whale dumped and took almost 500 BNB from the pool (and SAFEMOON’s case was 1771 BNB).
refore, transactions (sale / purchase and wallet transfer) that trade more than 0.1% of the total supply will be rejected. This will also protect the price movement. However, the transaction can be made through our disruptive transfer dAPP feature.
Disruptive transfers
Since transactions (sale / purchase and wallet transfer) that trade more than 0.1% of the total offer will be rejected. We develop a feature in our disruptive transfers dAPP feature.
Reference image below:
Whales making a transfer (between 2 wallets) greater than 0.1% of the total supply will be charged 1 BNB. se 1 BNB go directly to the BNB reward pool in the Earn BNB feature.
This feature prevents pump-dump whales from existing because they can destroy the project.
Zero balance punishment
What is the zero balance?
When you sell all your $ HODL and your balance = 0.
n you continue to buy $ HODL again. Your next collection date will be 50 years long.
Good luck and your kids can collect your BNB for you!
That I have to do?
If you still want to charge BNB, you can transfer your $ HODL to another wallet.
So you can collect your BNB normally without waiting more than 50 years.
Remember that 10% will be charged when making the transfer between wallet.
Additionally, whales making a transfer (between 2 wallets) greater than 1% of the total supply will be charged 1 BNB. se BNBs go directly to the BNB rewards pool in the Earn BNB feature.
HODL Charities Collection
BNB Charity Collection
After implementing the first testnet, we recognize that major $ HODL holders have more advantages in collecting BNB than others. Following the philosophy of building a pure community-driven project. Introducing a new charities feature.
If you collect more than 1 BNB, 20% will be used to donate to charities. This feature helps us contribute to worthy causes!
Charity Wallet Address: 0xb6266d43F3E319e884E31075a36fDE8ceAeEf1C8
How to buy Hodl Coin (HODL) Token?
Well then I leave you a tutorial on how to buy it, you can buy it through Pancakeswap or poocoin.app, we will do it from pancakeswap and in case you don’t know, we need to have a portfolio either from trustwallet or metamask, in this case I I use metamask.
Here you have a tutorial on how to create a portfolio in metamask: This video.
Once we have our metamask portfolio created, what we have to do is copy our address as indicated with the arrow and put it with the Binance Smart Chain network.
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FIRST STEP TO BUY Hodl Coin (HODL) Token
To buy Hodl Coin (HODL) Token we are going to need BNB, which is the currency of binance, since this token works through its network. so the first thing will be to register here to enter binance and be able to buy BNB.
Next we have to go buy crypto and we have to select BNB to buy it, in this case I do it with Euros and with a debit or credit card.
Once the bnb are bought, we go to our Binance wallet and we hit SPOT and we go down until we see BNB and we hit “Withdraw” or “Withdraw”.
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n on the next page that will come out, we have to paste our metamask address and put the BSC network and we would already have the BNB in our metamask portfolio.
SECOND STEP TO BUY Hodl Coin (HODL) Token
First of all we will go to this link: Pacake Swap
When we get to pancake swap we have to connect our metamask portfolio with the binance smart chain network and then put the Hodl Coin (HODL) Token at the bottom in case we do not get the option to add token, yes we add the token and that’s it.
Once the token is added, we simply have to put the amount of bnb that we want to exchange for Hodl Coin (HODL) Token and voila, it would be bought and in our metamask portfolio.
And voila, we would have our Hodl Coin (HODL) Token in our Metamask wallet.
LIVE PRICE OF THE TOKEN:
In this url they have the live price : Token price
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