- HODL Coin is a financial game released on Ergo, designed to reward players for holding ERGs for longer periods of time.
- The price of the game's asset, HODL ERG, is proven to always increase mathematically.
- The game has simple rules: players can HODL their ERGs by depositing them into a common reserve or un-HODL by burning their HODL ERGs to withdraw ERGs from the reserve.
- When HODLing, there are no fees, but un-HODLing incurs a penalty fee (e.g., 3% or 10%) that remains in the common reserve.
- Players who continue to HODL benefit from the fees paid by un-HODLing players, creating an incentive to hold for longer.
- An example scenario is provided, demonstrating how players' actions impact the game state and the price of HODL ERGs.
- The game operates as a zero-sum game, with no money created or destroyed. What one player gains, others may lose.
- The claim that the price of HODL ERG never falls is supported by a theorem and a proof by induction.
- The price of HODL ERG is relative to the price of ERG, so if the price of ERG falls relative to USD, the price of HODL ERG may also fall.
- While the theorem holds, it is not financial advice, and players may still lose money if they don't hold as long as other players.
- HODL Coin is not a Ponzi scheme; it is the dual of a Ponzi scheme with clear rules and informed players. There is a conjecture that a self-stabilizing effect exists in HODL Coin due to increasing fees incentivizing more HODLing.
- The game has been implemented on ERG and is available for exploration at hodlcoin.co.in, along with a Telegram group for interested participants.
Hodlcoin.co.in
Yeah that doesn’t sound like a scam at all. No unlicensed securities here, just a “game”