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HODL Vault – An ambitious new crypto initiative

We frequently see new projects in the blockchain industry, but how to find a project of value? The best crypto initiative must balance ambitions, market disruptive forces, and innovation.

To survive in the blockchain sector, it is essential to make big bets. At the same time, however, it is necessary not to promise the market more than what you can deliver. HODL Vault is a new project that will go completely live in the coming months following a high interest from crypto enthusiasts.

This review will deliver relevant information, in an unbiased manner, on the nature of this new initiative. As this is an ongoing project, we will provide readers with any additional relevant information in the future.

The project’s ecosystem

The HODL Vault project revolves around the following pillars: 

  • Token listing platform: to avoid honeypots and rug pulls, the portal plans to design a robust liquidity vetting process on new listings
  • NFT platform: NFTs are changing the way we see digital ownership, and the website will soon feature a marketplace to exchange them
  • HODL vault merchandise: the project owners launched a merchandise line linked to the initiative, with proceeds to be repurchased and burned
  • Rewards calculator: an exciting feature to learn more about recurring rewards, as we will explain in detail within the dedicated section below
  • Play to earn games: blockchain and gaming is a powerful duo; the project team is aware of this and anticipates the launch of this new feature in the future.

The initiative comes with several built-in mechanisms that enhance the end-user experience on the platform. For example, an infamous agent in the crypto world is coin dumping. We notice how the market quote of a coin plummets following a single sell-off transaction from time to time. The “Volatility Selling Feature” caps the maximum liquidity an investor can sell at 0.35% of the total supply.

Furthermore, a valid new crypto project needs to prove its security and transparency to the market. Moving a crucial step towards this direction, HODL Vault passed a KYC verification process with IDO-Presales.com.

The benefits of holding crypto liquidity

The whole initiative strongly relies on a rewarding system designed on a series of principles:

  • Each buys or sell transaction sees the application of a 14% transaction fee
  • Holding liquidity comes with a Binance Coin (BUSD) reward
  • The reward is distributed only if the amount of liquidity (or “bag size”) is more extensive than 1,000,000,000 samples

The 2% of each transaction is repurchased and burned, leading to a deflationary system oriented to the value conservation of the liquidity. Furthermore, a 1% amount is allocated to marketing and development initiatives for each transaction.

An audited initiative

The project owners have completed a crucial step to operate in the blockchain industry: passing the audit process on your smart contracts. However, before examining the procedure, it is necessary to clarify what a smart contract is.

You can think of a smart contract as a piece of code stating the following:

  • A condition that needs to be met by a counterparty
  • The action to execute to conclude the contract.

If you are familiar with the technicalities behind the blockchain world, you will notice how our explanation suffers from oversimplification. However, in our context, the details mentioned above are more than enough to clarify a technical aspect such as this one to a crypto outsider.

Once the conditions of the smart contract pass validation, the code automatically executes (leading, for example, to a transaction). Because the reliability of a blockchain initiative largely depends on how smart contracts work, an audit process on this aspect is always a good idea.

In November 2021, HODL Vault successfully passed an audit check, which Techrate ran with the following purposes:

  • Ensure that the smart contract functions as intended
  • Identify potential security issues with the smart contract.

The rewards calculator and the next steps

The project aims to win the favour of less experienced investors too. In this sense, the management team understands the importance of calculating rewards transparent. For this reason, you will find a helpful feature in HODL Vault called the “rewards calculator”, which works as follows:

  • Earnings calculator: enter your wallet address, and the system will compute the relevant statistics on your rewards
  • Rewards estimation: specify the liquidity you own, the daily USD volume, the circulating supply, and the market cap in USD to get a full reward simulation

Not so many reward-based systems in the crypto universe offer this level of information. This sort of initiative helps the market trust the single players in the industry.

While most of the development process is complete, HODL Vault still has big plans next year. Specifically, it will be interesting to assess the token listing portal (expected by Q1 2022) and the NFT platform (which should go live by Q2 2022).

Our conclusions on HODL Vault

Initiatives such as that of HODL Vault demonstrate the entire blockchain industry is going through a new growth path. While creating a project in this area once did not require transparency and auditing, investors are more risk-aware today. 

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The ambitions of HODL Vault are high and appear in line with the competence and professionalism of its developing team. We will monitor the progress of this project initiative in the future, and, in the meantime, you can check the official website of HODL Vault for more information.

Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site. Trading cryptocurencies is a highly risky activity that can lead to major losses. You should consult your financial advisor before making any decision. Learn More

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