{"id":108076,"date":"2021-01-11T18:52:10","date_gmt":"2021-01-11T18:52:10","guid":{"rendered":"https:\/\/precoinnews.com\/?p=108076"},"modified":"2021-01-11T18:52:10","modified_gmt":"2021-01-11T18:52:10","slug":"holdefi-starts-its-private-sale-phase","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/holdefi-starts-its-private-sale-phase\/","title":{"rendered":"Holdefi Starts its Private Sale Phase"},"content":{"rendered":"

Holdefi, one of the fastest-growing cryptocurrency lending protocols, officially starts its presale phase for the HLD token. <\/span><\/p>\n

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

What is Holdefi?<\/strong><\/h2>\n

Holdefi is a decentralized protocol powered by smart contracts that allows cryptocurrency enthusiasts to lend and borrow their assets safely and easily. <\/span><\/p>\n

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.<\/p>\n

How does Holdefi work?<\/strong><\/h2>\n

There are 2 primary ways of using Holdefi – as a depositor or as a borrower.<\/p>\n

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. <\/span><\/p>\n

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. <\/span><\/p>\n

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.<\/p>\n

The Holdefi Token<\/strong><\/h2>\n

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

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. <\/span><\/p>\n

There is a total supply of 100 million HLD, which will be distributed as follows:<\/p>\n