Details about Fodl Finance cryptocurrency
€404,106 ( -5.89844%)
€6,386
1,000,000,000
378,646,642
23.964
Unknown
https://beta.fodl.finance/
@FODLfi
3004500x
€3215.21
Fodl Finance price charts
FODL exchanges
Fodl Finance, the crypto
Fodl Finance (FODL) is a cryptocurrency that aims to incentivize its holders to hold onto their tokens for a longer period of time through a mechanism called "Fodling". Fodling involves staking FODL tokens for a certain period of time, and in return, users receive a percentage-based reward on their investment. The longer the FODL tokens are staked, the higher the rewards.
The point
The main point of Fodl Finance (FODL) is to encourage its holders to hold onto their tokens longer, thus increasing the stability of the token and reducing the volatility associated with short-term speculation. By incentivizing token holders to take a longer-term view, Fodl Finance hopes to create a more sustainable ecosystem for its users, while also rewarding those who contribute to the network.
The problem
Fodl Finance (FODL) tries to solve the problem of short-term speculation and volatility in the cryptocurrency market. By encouraging its holders to hold onto their tokens longer, Fodl Finance hopes to create a more stable, long-term investment opportunity that benefits both the token holders and the broader crypto industry as a whole.
Compare FODL and BTC performance
| Timeframe | FODL | BTC |
|---|---|---|
| 1h change | -1.59332 % | -0.579702 % |
| 24h change | -5.63 % | -1.11434 % |
| 7 day change | 2.31 % | 4.67647 % |
| 14 day change | -0.98 % | -2.83858 % |
| 30 day change | -5.3 % | 1.48606 % |
| 200 day change | -50.59 % | 133.998 % |
| Year change | -58.87 % | 146.97 % |