It is a very new cryptocurrency on the market. It was released on May 13,2021. It was up by %90 three days ago therefore everyone started to be curious about this token. Today it is one week old on CoinMarketCap. It is a trusted asset, and it is used for the Binance Smart chain ecosystem. HODL token reached over 60,000 holders. If you look at their website, you can see that they have burned %23 of the tokens right now. The more coins they are able to burn it is easier for the price of the coin to go up. Currently HODL token price is $0.00249, and its market rank is 4267.
What is HODL Token?
It reached number one of the most viewed cryptocurrencies on coin market cap. It is regular bnb token and it basically incentivizes people to hold tokens and pay them back as a bnb.
The HODL token presents a new proactive and also secure method to automate the user’s earnings by providing a systematic increase in the wallet’s balance. The tokens will gradually increase as the total supply decreases over time. The similarity between SafeMoon and HODL is that if an investor sells their HODL tokens they will be taxed. They take a tax of the transaction.
For instance, if you do one bnb transaction they take %4 usually a %2 tax of that and they distribute to all the holders holding that token. HODL token is like SafeMoon, but it has some benefits that SafeMoon does not have. It is a different token because it gives you bnb as a reward. The rewards are really good therefore it became more popular in a short time.
Their graph is good as well. There are some pullbacks, but it comes back and makes all time high again. As I mentioned before one of the biggest benefits of this token is that you are getting bnb rewards. You can basically hold your HODL tokens and keep getting paid. If everybody thinks like this, the price of HODL tokens will go higher. You do not have to stake anything. You can buy the token on PancakeSwap. They have a HODL investment and rewards calculator on their website which is interesting. You could easily enter the amount that you plan to invest, and it will show you HODL token balance, daily rewards and yearly rewards.
How to Buy a HODL Token?
You must download a wallet such as Trust Wallet if you do not have yet and log in. Firstly, you have to copy its address on CoinMarketCap. You have to open your Trust Wallet and go to the browser at the bottom. You can search it up as HODL and connect it to your wallet. You have to go to the PancakeSwap to buy it and paste the address there. You can enter the amount that you want to buy.
Binance Smart Chain is getting more popular between investors thanks to its low fees and speed transactions. Binance Smart Chain uses proof of stake mode. Ethereum network and transaction fees have gotten more expensive than before therefore many new tokens have gained attention on Binance Smart Chain. BNB is not as volatile as other tokens and because of that reason most investors choose to be paid in BNB rather than HODL tokens.
However, you should know that investing in new projects is always riskier than buying well known cryptocurrencies like Bitcoin and Ethereum. It can provide great returns and show significant growth in a short time, but you must make your decisions yourself before investing.
This is not a financial advice. You must do your own research before investing.