HODL is one of the hottest crypto projects on Binance Smart Chain (BSC), created by a passionate team of blockchain pioneers dedicated to pushing the boundaries of innovation in decentralized finance. This in-depth guide will equip you with a comprehensive understanding of the project alongside a step-by-step walkthrough on how to purchase the HODL token.
In this 2,000+ word guide, you‘ll learn:
- What is the HODL token and its unique value proposition
- HODL‘s innovative tokenomics and development roadmap
- Step-by-step instructions for buying HODL coin on PancakeSwap
- Pro tips and best practices for new HODL investors
- Price analysis and future outlook for the HODL token
So whether you are just learning about HODL or ready to invest right away, this guide is crafted to assist you through the entire process!
Chapter 1 – What Is HODL Coin (HODL)?
Before diving into the buying process, it‘s vital to understand what HODL coin is and what makes it stand out in the sea of DeFi tokens.
Origins of the HODL Project
HODL token derives its name from a popular crypto-culture meme – "HODL" – which stands for "Hold On for Dear Life". It originated from a Bitcoin chat forum back in 2014, when a user made a typo while venting about not selling his Bitcoin during a massive price dip. Since then, "HODL" became a rallying cry in the crypto community for persevering through volatility.
Carrying this ethos forward, HODL token was launched in May 2021 by a team of blockchain pioneers including Johnny Dollar, Rich Dev, Lucro and Jrocko. Within 4 weeks of launch, over 60,000 holders from across the globe joined the project – illustrating the strong community-driven momentum behind it.
So in summary, HODL‘s philosophy stems from the Bitcoin idea of holding your investment for long term rewards rather than getting shaken out by short term price swings.
Unique Value Proposition
Unlike the sea of meme-based or unsafe projects launched daily across DeFi, HODL brings tangible utility with a sustainable tokenomics model. Some standout features include:
★ BNB Rewards: 4% from each transaction is redistributed to existing holders in Binance Coin (BNB). This serves as an incentive to hold as you accumulate more BNB the longer you hold HODL tokens.
★ Deflationary Supply: On each transfer, 2% of tokens are permanently burnt, gradually reducing overall supply. This helps create scarcity over time.
★ Anti-Whale Protection: No wallet can hold more than 1% of the total supply – protecting against major price crashes if a whale decides to exit.
This innovative combination of auto-liquidity and real BNB rewards provides a strong value proposition for the HODL token. And the project roadmap outlines even more features on the horizon including HODL Vaults, multi-chain compatibility and tiered reward structures.
HODL By The Numbers
Since launch, HODL witnessed exponential growth across all key metrics – indicating genuine product-market fit:
- 60,000+ HODL Holders
- 90,000+ Members across social channels
- $375+ Million Market Capitalization
- $6.5+ Million 24hr Trading Volume
Such figures demonstrate the immense interest from retail investors in joining the disruptive journey of HODL token and its experienced core team.
Now that you understand the backgrounds and strengths of the HODL project, let‘s get to the good part – how to actually buy HODL coin!
Chapter 2 – Buying Guide: How To Purchase HODL Tokens
The HODL token is available on decentralized exchanges across two blockchains – Binance Smart Chain and Ethereum. This guide focuses on purchasing HODL through PancakeSwap on Binance Smart Chain (BSC) using the Trust Wallet.
We follow this method because:
- PancakeSwap offers the highest HODL trading volume
- Binance Smart Chain has significantly lower gas fees vs Ethereum right now
- Trust Wallet delivers maximum ease-of-use through its intuitive interface and in-built DApp browser
So in summary, Trust Wallet integrated with PancakeSwap on BSC emerges as the most cost-effective and convenient option.
Here is the step-by-step process:
Step 1: Install Trust Wallet
On your mobile device, head over to Google Play Store or Apple App Store and search for Trust Wallet:
Once installed, open the app and create a new wallet. You‘ll get a 12-word recovery phrase – be sure to note this down on paper and store it securely. It functions as your password and you‘ll require it to access your newly generated wallet.
With your wallet now active, the next step is getting some BNB…
Step 2: Purchase BNB
To trade on PancakeSwap, you need the platform‘s native currency called Binance Coin (BNB). There are two ways you can buy BNB:
A. Buy BNB directly on Trust Wallet
This is the simplest approach as it happens in-app. Tap "Buy" and use your debit/credit card to complete the purchase. However, I don‘t recommend this for anything beyond the minimum amount to reduce fees.
B. Purchase BNB on Binance exchange using 0.1% trading fees, then withdraw to your Trust Wallet address.
While this involves one extra step of withdrawing BNB from an exchange, you save significantly on fees. So let‘s go through this process…
On Binance, navigate to the BNB/BTC or BNB/USDT markets to directly trade your local currency for BNB with low 0.1% fees.
Once you have BNB in your Binance spot wallet, go to Withdrawal page, enter your BNB (BEP20) Trust Wallet address and hit Submit. Within minutes, BNB will reflect in your Trust Wallet, ready for swapping to HODL.
Step 3: Import HODL Token to Trust Wallet
As HODL is currently not a native token in Trust Wallet, you need to manually add it as a custom token before trading it on PancakeSwap.
Go to Manage Tokens -> Custom Tokens and tap on the ‘+‘ icon.
Now enter the following HODL contract address:
HODL Token Contract: 0x0E3EAF83Ea93Abe756690C62c72284943b96a6Bc
Once added via the contract address, you‘ll now be able to view your HODL token balance and value within Trust Wallet.
Step 4: Connect Trust Wallet to PancakeSwap
PancakeSwap is the leading decentralized exchange on BSC offering the highest liquidity for trading BNB->HODL token.
To link your recently created Trust Wallet to PancakeSwap:
- Open the DApp browser within Trust Wallet
- Go to pancakeswap.finance
- Tap Connect in the top right corner
- Select Trust Wallet as your preferred wallet
And you‘re now connected!
Step 5: Swap BNB for HODL on PancakeSwap
Time for the fun part – converting BNB to HODL tokens!
On the PancakeSwap exchange page:
- Ensure you are on the BSC Mainnet (top left)
- Select currency pair: BNB to HODL
- Enter the amount of BNB you want to swap
- Set slippage tolerance to 12% minimum
- Tap Swap and confirm the transaction in Trust Wallet
And… voila! Your swapped HODL tokens will immediately reflect in your Trust Wallet upon successful transaction confirmation on BSC.
Congratulations – you are now officially holding the HODL token! 🎉
Chapter 3 – Pro Tips for Investing in HODL
Beyond just understanding the purchase process, it‘s equally vital to learn best practices for holding, tracking and safeguarding your investment. Here are some expert pro tips worth bearing in mind as a HODL investor:
✔ Enable Transaction Signing in Trust Wallet
This security feature introduces an additional confirmation step before allowing any outgoing transactions. Activating it prevents unauthorized transactions.
✔ Store Keys/Phrases Safely
Never store your wallet recovery phrase digitally such as taking a screenshot. Always rely on physical paper backups stored securely.
✔ Use Trusted DApp Browsers
Only access PancakeSwap via Trust Wallet‘s in-built browser. Entering your wallet manually on unknown sites can risk exploits.
✔ Stay Updated via Social Channels
Actively follow HODL‘s Twitter and Telegram to stay updated on the latest developments like new feature launches, exchange listings, AMA schedules and more.
✔ Track Price Action on CoinMarketCap & CoinGecko
Bookmark HODL‘s pages on leading market data sites CoinMarketCap and CoinGecko to closely track live pricing, market valuation, trading volume and other metrics.
While the initial purchasing process may seem complicated to new crypto investors, the above tips will help you master BSC and securely manage your HODL holdings like a pro!
Now let‘s shift gears and analyze HODL‘s investment prospects…
Chapter 4 – HODL Token Price Analysis and Future Outlook
As a next-generation project bringing cutting-edge tokenomics like auto-liquidity and BNB rewards, HODL token demonstrates immense real-world utility and growth potential:
HODL Price Action
Since launch in early May 2021, HODL booked an epic price run rising over 1,100x within first 8 weeks to register a new all-time high of $0.000000005392 – a testament to its viral community-driven momentum.
While the broader crypto market pullback in June 2021 resulted in HODL correcting by almost 80%, the token has shown resilience in swiftly bouncing back in July 2021 even as others struggled. This exemplifies strong buy and hold sentiment by HODLers.
Based on technical analysis of price action, red-hot DeFi niche and on-chain metrics, I anticipate further upside for HODL token across short and long horizons:
- Q4 2021: $0.00000014 (+60% upside) driven by renewed crypto rally
- 2022 EOY: $0.00000035 (+200% upside) powered by growth phase accelerating with key tech upgrades
Considering HODL‘s proven capacity to rapidly gain exponential price multiples within short durations, such projection targets remain highly feasible – especially for patient long-term investors.
Development Roadmap
Beyond favorable tokenomics, the ambitious roadmap from HODL‘s agile core team provides further grounds for long-term conviction:
✔️ HODL Vaults: High-yield fixed and flexible staking options
✔️ Tiered Rewards: Added incentives for whale holders
✔️ NFT Partnerships: Special edition NFT drops and merch store
✔️ Multi-Chain Expansion: Deployment across Ethereum, Polygon and more
Successful delivery across these upcoming growth catalysts can easily propel HODL‘s valuation to over $1 Billion+ – a 10x rise from current levels.
Conclusion
I hope this extensive 2,000+ word guide served as the definitive blueprint on how to purchase the high-potential HODL token – one of the most exciting emerging projects originating from Binance Smart Chain ecosystem.
To quickly summarize:
- We learned about the unique strengths and real-world utility offered by HODL token
- You now understand how to buy HODL coins across Trust Wallet and PancakeSwap
- From pro tips to technical analysis, you gained well-rounded insights into investing in HODL
The project‘s proven exponential growth, viral community ownership and future-ready roadmap makes HODL an attractive portfolio allocation to consider for both short-term traders as well as long-term crypto investors.
Over 60,000 holders have already bought HODL token. So head over to PancakeSwap and grab your share today to join the disruption!
Have any other questions? Let me know in comments below.
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