It is finally time for the official launch of Hodl Finance!
The smart contract is scheduled to be deployed tomorrow, November 11, and Hodl Finance just want to update you all on the progress and what exactly is going to happen during the launch. As some of you already know, the Hodl Finance airdrop game has already ended and they are currently filtering the results. The final ranking list and the winners will be announced tomorrow. Stay tuned!
So, what else can you expect tomorrow?
The launch of smart contract
As per the schedule above, the Hodl Finance team is deploying the HFT smart contract on Thursday, November 11, at around 09:00 (UTC). Consequently, the Liquidity Pool for the HFT token will be filled on PancakeSwap.
During this time, the smart contract code will be publicly announced, making it possible for everyone to interact with it. To make sure everybody can buy or sell their HFT tokens, a detailed how-to-buy guide will be released on the Hodl Finance website when the time comes.
Start of the Liquidity Pool
As you may already know, the HFT token will be launched on the Binance Smart Chain, with the Liquidity Pool being on PancakeSwap. About an hour after the roll-out of the smart contract, they will launch the Liquidity Pool, which will be filled with Hodl Finance (HFT) tokens and Binance coin (BNB) tokens. The listing price for the HFT token will be $0.00000714 per token.
For the record:
• The network is the Binance Smart Chain (BSC);
• The marketplace is PancakeSwap;
• The listing price is $0.00000714;
• The trading pair is BNB/HFT (Binance Coin/Hodl Finance Token)
• Smart contract code is TBA.
Winners of the #HodlToTheMoon game
In the afternoon, we will disclose the winners of the Hodl to the Moon game airdrop! The results will be filtered and manually checked to make sure there are no cheating or non-existing accounts. If any such practice is detected, the rewards will be subject to change. They will share the results in a blog, email, and on social media.
Thursday the 11th of November 2021 in the afternoon (UTC) they will announce the winners of the Hodl to the Moon game!
If any cheating practices will be detected or non-existing accounts are found the rewards will be subject to change. This way they keep the launch event fair and everyone has the same chances to get a nice HFT allocation.
So once again, be sure to follow their official socials channels and keep an eye on your mailbox!
Distribution of the HFT tokens
In the afternoon (UTC) the distribution of the HFT tokens will begin. They will allocate the HFT tokens to the winners of the #HodlToTheMoon game and all the launchpad partners. All the participants of the event will receive rewards according to the leaderboard place. The launchpad partners: Launchpool, CyberFi, and Decubate will all have their distribution method and vesting schedules. Feel free to visit their website or contact those communities for more details.
After the launch
So, what happens after the official launch? That’s the time when they will start optimizing their algorithmic trading bot platform, ecosystem, and governance mechanism.
First of all, the algorithmic trading bots will be activated to start generating returns for all HFT hodlers. More details on how the algorithmic trading bots work can be found in the following blog.
Second, they will start releasing the Hodl Finance dashboard to include all the latest foundation statistics and the results of the algorithmic trading bots. Through the dashboard, you will be able to see all the details on the HFT token and other relevant statistics.
Third, the first community voting will start to introduce new trading pairs to generate returns for the Hodl Finance ecosystem. All the details can be found in this blog.
Read more about all the Hodl Finance future developments in the roadmap blog.
Let’s Hodl and build the Hodl Finance ecosystem together!
About Hodl Finance
Hodl Finance merges centralized and decentralized finance to create a sustainable ecosystem for constant innovation. By combining the best aspects of community governance and a transparent foundation, the growth of the community and ecosystem is ensured.
📰 INFO
https://medium.com/@hodl.finance/hodl-finance-the-official-launch-9de14e40b351
