Neverlose.money — a blocking HODL protocol smart contract on Ethereum that pays out a bonus to the winners. It is the first ever gamified protocol for long-term hodlers to motivate long-term investments with other hodlers.
Contents:
Description of the Neverlose.money
Neverlose.money is for long-term storage of a cryptocurrency, called “HODL”. Due to the high volatility of the exchange rate and often massive drops in prices, the hodling of cryptoassets bristled with difficulties. This platform is inspired by Warren Buffett's value investment strategy. He is a well-known investor who specifically owns an investment asset. Long-term investments in the crypto market are much more difficult than in the stock market, as you will have to withstand more ups and downs.
You can choose to block your Bitcoin (WBTC), Ether (WETH) or HUNT with a set target period from 3 months to a maximum of 10 years. Once you approve and freeze your asset, the fund will be frozen, using a smart contract, with a time limit.
Other features:
| 1 | As you continue with your lockdown, you will receive a bonus, based on your effective stake, whenever some users fail to handle the HODL and withdraw their funds during the lockout period. |
| 2 | You can withdraw your fund at any time, but you will be charged a 10% penalty if you breach and withdraw your fund within the set lockout period. |
| 3 | This penalty fund will go to other users who maintain their HODL assets. |
This gamified system will motivate all hodlers on the Neverlose.money platform. An additional 3% of the amount goes to the Treasury fund that will be used for the HUNT incineration system.
Additional information
There is no WhitePaper document on the site. Instead, a section is available where there are instructions for working, answers to questions and other features of using the platform.
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