It all started with the term 'decentralization’, it is flexible, free, easy, private, and laissez-faire. To put it in a resonating analogy, it takes a similar representation of social media, where different people from different locations interact with each other on the internet. There’s no doubt the social media has been subjected and sadly used as a place for misinformation, abuse, discrimination, hate, fraud, and harm. In absence of doubt, we can’t exempt the beneficial aspect of social media, but, in a liberal system like social media, you will most likely have a discordant sound of disadvantages interwoven with the smooth sailing advantageous orchestra.
The cryptocurrency ecosystem can be seen in the same light, yes, there are fraudsters, scammers, hoaxers, those involved in the pump-and-dump schemes, and those who fake identity or snoop around to take things illegally. Yes, that is a problem, what’s the solution?
Hodlers Network, a community audits and social network is sending a green light signal from far. The Hodlers Network will be designed and launched to verify the users and circumvent deception to its holders.
Imagining what it looks like to have the first network in the crypto space to offer this proficient solution to the problems that have lurked and lingered for so long.
Let’s take a look at some utilities and features:
- Trust Review
- Social Network
Before we go down to explain more about the features and utilities, it is good to know that Hodlers Network (HDLN) will be released on the Binance Smart Chain Platform (BSC) and it follows the standards of BEP-20. The standard makes the tokens compatible with third-party services like listings, wallets, and exchanges. The tokens will be used to trade and pay on the platform.
- Trust Review: the vital role in this is the role of filtering scams and preventing fraud or deceit. The core objective is to create a trusted review for regular, new, and prospective crypto holders. This will be one step ahead of general audits, which are the only center on business structure and coding. Hodlers Network will supply the crypto community a sustainable atmosphere for experiences in the market to be shared and provide feedback for various sectors in the crypto space such as business model website, support, and coin supply to name a few.
- NFTs: the non-fungible tokens are distinguishable and unique items that cannot be exchanged with normal fungible cryptocurrency on the blockchain. The NFTs marketplace will be hosted by the Hodlers Network with proof of ownership on the platform where unique digital items can be traded in real-time.
- Social Network: In today’s world, everything happens on social media, and Hodlers Network is working to leverage the wider audiences present in social media by launching the Social Network. This will offer plenty of options for the cryptocurrency community and as well as to other less commonly involved users in the space, such as getting in touch with the best crypto traders, influencers, groups or companies regarding the cryptocurrency market. With the Hodlers Social Network help and outreach, companies and users will be privileged to share their portfolios, news, and all about cryptocurrencies. They will have the opportunity to create and join coin groups on the platforms, follow their favorite investors and their coins. On the other hand, the social platforms will give the companies the possibility to create coin pages and share important announcements, advertisements, and news for the right targets.
- Tokenomics: HDLN Token can only be used on the platform ecosystem and it will contain 100,000,000 tokens. The Tokens will be largely traded across and within the Network/Platform. The token will be distributed to certain projects and the percentage that is attached to it.
Summarily, the value of cryptocurrency and blockchain has increasingly come under scrutiny and disparagement from people that have been scammed or swayed away by fraudsters. Most countries today are pressured to ban cryptocurrency because of lack of credibility and it is more likely that 80% of crypto holders have been a victim of scams and frauds. Downstream, this paves the way for incredulity especially among newcomers and prospective traders. But, with Hodlers Network which will offer the first community audit and social network to the old, regular, and new crypto holders, finger-crossed, the crypto space will enjoy safety and trust.
Written by Chris Barth