Holder Finance (HFI) is a cross-chain defi platform. It aims to become the best store of value token benefiting from the cross-chain defi platforms, and to be the first Holders centric project of the Crosschain DeFi ecosystem. It rewards early adopters and Holders of HFi who stake this community-driven token. The very limited total supply combined with the huge potential of the crosschain ecosystem converge to develop the decentralized finance (DeFi) exposure. The purpose of HFi is to become a digital store of value, like a digital gold combining the fast transaction speed a metadata structure of its main product “HolderSwap” to tackle the high gas cost fees on Ethereum thus, allows to anyone worldwide to be part of HFi project and build their future wealth. In this article, we'll discuss What is Holder Finance (HFI) | What is Holder Finance token | What is HFI token?
In this article, we'll discuss information about the Holder Finance project and HFI token
HFi is a project within the Ethereum network. It aims to become the best store of value token benefiting from the Ethereum network advanced technology, and to be the first Holders centric project of the Ethereum DeFi ecosystem. It rewards early adopters and Holders of HFi who stake this community-driven token. Indeed, the longer you stake HFi, the more you are rewarded by earning more HFi. The very limited total supply combined with the huge potential of the Ethereum ecosystem converge to develop the decentralized finance (DeFi) exposure.
HFi builds its own DEX forked from UniSwap with 4 exclusive new features:
• HolderSwap OTC Desk — HFS v1 (please read the OTC explainer document on our website)
• HolderLimit protocol — HFS v2
• Dynamic trading fee adjustment — HFS v3 (Rewards HFi holders, Traders & Liquidity providers)
• Liquidity providing cap — HFS v4 (Incentivize HFi holders with reserved seats for LP)
The governance token HFS for HolderSwap token rewards all HFi holders as well as traders and liquidity providers.
HolderSwap OTC DApp
• Dedicated services for early users:
Includes a simple UI, a quickstep guides document, as well as a service support in the Holder.Finance Telegram channel. From the initial registration all the way through to trade execution, with trade reporting the HFi team looks to give you the best experience in our decentralized DApp.
• A Decentralized App for a worldwide coverage:
The OTC DApp provides Global Coverage for any country, any time zone. Support will be provided 24/7. The DApp is built in a smart contract on the Ethereum Network. Therefore, the traders have full transparency in real time on their transactions.
• Full ERC20 assets support:
In addition to OTC wBTC and wETH trading, the Holder.Finance OTC DApp can support all ERC20 tokens including the stablecoins such as USDC or USDT.
The trading fee of the OTC Desk will be free until 12/31/2020 and will be free forever for HFi tokens Holders.
HolderLimit protocol is best explained as a limit order that is placed in the order book with a specific limit price. The limit price is determined by you. So when you place a limit order, the trade will only be executed if the market price reaches your limit price (or better). Therefore, you may use limit orders to buy at a lower price or to sell at a higher price than the current market price. This feature (at the date of writing) is unique. Indeed, only HolderSwap provides this feature as a DEX (Decentralized Exchange).
Unlike swaps, where trades are executed instantly at the current market price, limit orders are placed on the order book and are not executed immediately but only when the set sell price is reached.
This feature permits traders on HolderSwap to set their own trading strategy without the need of constantly following the price action on the Swap feature.
Any DEXs’ users/bots can use our protocol of limit orders on Uniswap, Sushiswap or any other swap. This is called an asynchronous approach to a swap. HolderSwap’s bots or users (called workers) can continuously check the smart contract using the webpage and see if there is any profitable trade to be executed.
This is called arbitrage trading. Arbitrageurs can use the HolderLimit protocol to set limit orders on any other DEX. The difference with the arbitrage trading on CEXs (Centralized exchanges) is that the arbitrageur doesn’t need to transfer their funds into different wallets as they manage their MetaMask account and can place orders into any DEX they prefer. They will save the transfer fee associated and will increase their profits.
Usually, the trading fee calculation system of exchanges is linked with each trader’s own volume on the exchange platform which means that benefits the best to big volume traders. We think that this system is unfair as it is only beneficial to “whales”, therefore, we are developing the “Dynamic trading fee adjustment” feature in HolderSwap. The trading fee is calculated according to the volatility of each asset which is significantly more equitable.
This service provides a dynamic trading fee for each trade according to the price movement occurred in several time frame snapshots (24h, 3 days, 7 days). The dynamic trading fee algorithm sets the trading fee from a low value of 0.05% to a maximum value of 1% fee.
HolderSwap Fee Distribution
By providing liquidity to a pool (by contributing the pool’s required tokens), you are earning a dynamic fee from all the trades (aka swaps/limit orders). The fee % is calculated by our unique algorithm. This is based on your proportional ownership of the pool.
This daily LP fee/reward is calculated as follows:
For 1USD invested as liquidity providers = (24h volume pairs)*(dynamic fee 0.05%-1%)/(total liquidity pairs)
It is critical to know that the higher the difference (Delta) between the total of liquidity in the pool and the daily volume, the smaller the daily reward is. HolderSwap develops a feature in its algorithm to set a cap to the total of liquidities being provided into each pool. This cap isn’t superior to twice the amount of the 24H volume.
You can see in the table below few examples which underlines the importance of this feature:
HolderSwap Capped V Uncapped ROI
HFS is the governance token of HolderSwap. By trading on HolderSwap, traders are rewarded by receiving a fraction of HFS token in their wallet. They are able then, either to sell their tokens for profit, stake them into the dedicated mining pool to earn more tokens or hold them into their wallet to bet on an appreciation of the price in the future.
For every trade/swap, limit order or OTC trade/deal, a trading fee is applied. This fee is rewarding liquidity providers. All traders and liquidity providers mint a fraction of HFS tokens through their trades and liquidity providers, according to their volume in each pool. One entire HFS token is minted at a $10,000 worth trading/liquidity (daily) volume.
HFS is the governance token of HolderSwap. By trading on HolderSwap through the OTC desk, Limit order or by providing liquidity to any pool of HolderSwap, users are rewarded by receiving a fraction of HFS token in their wallet. They are able then, either to sell their tokens for profit, stake them into the dedicated mining pool to earn more tokens or hold them into their wallet to bet on an appreciation of the price in the future.
Security Audit & Partnership
In order to ensure a perfect transparency and trust for HFS users, HolderSwap will only list ERC20 tokens with either a full smart contract audited by CTDSEC (our security audit partner), or an open source contract. Hence, HFS is ensuring a perfect safety for users to avoid any scam or fake projects/tokens.
HolderSwap v1 — OTC Desk Smart Contract has been audited and certified by CTDsec.
HFI token is now live on the Binance mainnet. The token address for HFI is 0x580631f5cf1052c14452990ef1b117375a1c123b. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your wallet to cover the transaction fees.
Join To Get BNB (Binance Coin)! ☞ CLICK HERE
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet
If you don't have a Metamask wallet, read this article and follow the steps
Transfer $BNB to your new Metamask wallet from your existing wallet
Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap HFI token
How to buy our Defi token $HFI - Holder Finance
The top exchange for trading in HFI token is currently Pancakeswap v2
Find more information HFI token
🔺DISCLAIMER: The Information in the post isn't financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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