Holdefi Starts its Private Sale Phase

Holdefi, one of the fastest-growing cryptocurrency lending protocols, officially starts its presale phase for the HLD token. 

The HLD token goes live at a price of $0.49, with a total supply of 11 million tokens allocated to the private sale.

What is Holdefi?

Holdefi is a decentralized protocol powered by smart contracts that allows cryptocurrency enthusiasts to lend and borrow their assets safely and easily. 

A gamechanger in lending protocols, the concept of Holdefi was born in 2018 and launched on testnet in 2020 with the purpose of transforming cryptocurrency loans into a seamless process for all parties involved.

How does Holdefi work?

There are 2 primary ways of using Holdefi – as a depositor or as a borrower.

Depositors (or suppliers) transfer their crypto assets into the Holdefi platform, creating liquidity in the market. The interest generated by the borrowers is then distributed to all the suppliers based on the amount they deposited. This way, depositors are able to generate a passive income from the cryptocurrencies they were holding. 

Borrowers, on the other hand, add their cryptocurrencies as collateral before borrowing the money from the depositors’ liquidity. This collateral needs to have more value than the asset they want to borrow. 

The main difference between Holdefi and other lending platforms is the fact that Holdefi separated the supply and the collateral pools. By doing so, the borrower will not earn interest from their collateral, but they can be sure that their collateral isn’t being used by the company.

The Holdefi Token

The native token used by Holdefi is the Holdefi Token (HLD), designed with one goal in mind – to achieve decentralization governance.

The HLD token is an ERC20 (based on the Ethereum protocol), and its token holders can discuss, propose, and vote on any future changes to the Holdefi protocol. That means including new assets or changing specific requirements on the platform. 

There is a total supply of 100 million HLD, which will be distributed as follows:

  • 3 million are part of the seed fund;
  • 13 million will be distributed in the token sale (11 million in the private sale which just started, and 2 million in the public sale);
  • 20 million to the foundation;
  • 15 million to the team;
  • 47 million to the ecosystem growth pool;
  • 1 million to a smart drop;
  • 1 million to an advisor.

During the private sale, the token will have a price of $0.49, and it will be raised to $0.625 during the public sale.

Of the funds raised, 30% will go towards business development, 30% towards marketing efforts, 20% towards the technical development of the platform, 15% towards partnerships, and the remaining 5% will cover legal and audit fees.

Holdefi prepared several use cases for the Holdefi token, such as Protocol governance, Burning, Liquidity mining, staking, and Revenue sharing. However, as their primary goal is to achieve decentralization governance, the primary use case will be determined through a voting process. 

How can I participate in the Holdefi presale?

To participate in the presale, all you have to do is fill out this form on their website. Once that’s done, the Holdefi team will contact you and provide you with all the information and assist you every step of the way.

Additional information can be found on the official Holdefi website or on their social media channels.

Website: https://holdefi.com/

Medium: https://medium.com/holdefi

Twitter: https://twitter.com/holdefi

Discord: https://discord.com/invite/8rND4JVGDC
Telegram: https://t.me/holdefi

Disclaimer: This is a paid-for press release, and does not reflect the views (explicitly or indirectly) of Crypto Daily. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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