Details about HOdlcoin cryptocurrency
€4,829 ( 0%)
€0
450,046,615
1
Unknown
http://hodlcoin.com/
@hodlcoin
100881000x
€1082.45
HOdlcoin price charts
HODL exchanges
HOdlcoin, the crypto
HOdlcoin (HODL) is a decentralized cryptocurrency that is designed to be held for long-term investment purposes, hence the name "HODL" (which means "hold on for dear life"). It was launched in 2017 and is based on the SHA-3 encryption algorithm.
The point
The main point of HOdlcoin (HODL) is to incentivize long-term investment and reduce price volatility. Unlike many other cryptocurrencies, which are traded frequently and can be subject to sudden price swings, HODL is designed to be held for a longer period of time, with rewards given to users who hold onto their coins for at least six months. The longer you hold your HODL, the more rewards you can earn.
The problem
HOdlcoin (HODL) aims to solve the problem of market volatility in the cryptocurrency space. By encouraging users to hold their coins for longer periods of time, HODL seeks to reduce the amount of buying and selling that can cause sudden price fluctuations, as well as promote stability and long-term growth. Additionally, HODL's Proof-of-Stake (PoS) consensus algorithm reduces energy consumption and makes the network more environmentally friendly than other cryptocurrencies that use Proof-of-Work (PoW).
Compare HODL and BTC performance
| Timeframe | HODL | BTC |
|---|---|---|
| 1h change | 0 % | 0.176623 % |
| 24h change | 0 % | -3.36052 % |
| 7 day change | 0 % | 4.48211 % |
| 14 day change | 0 % | -8.21176 % |
| 30 day change | 301.15 % | -6.5207 % |
| 200 day change | 774419 % | 128.03 % |
| Year change | 774419 % | 142.602 % |