HODLWAY

Inspiration

In the US alone, nearly a thousand people a day search for information related to HODL. There are at least 350 thousand mentions of this word on reddit.

So what is HODL? This is a meme word denoting a call not to sell your crypto so that prices do not fall, but continue to rise. It is correct to say "hodl" and not "hold" because of a person who very expressively called people to hold money, but made a typo in this word. Since then, the word "hodl" has become a symbol of those who keep the crypt no matter what.

What it does

HODLWAY helps fight FOMO and the desire to exchange all your stable crypto for the next dogeshiba9000 or something like that.

Most adherents of the HODL approach became so after losing money due to the exchange of crypto for fiat or the purchase of scammer altcoins. For example, I sold all my ethers for $75-100. After that, you no longer want to lose money due to impulsivity, when once again you want to exchange your stablecoins from the top 30 for some "promising" newcomer.

For impulsive hodlers like me, my project HODLERWAY was created. The basic idea is simple: a smart contract accepts crypto and gives it back only when a certain exchange rate is reached (for example, $ 5,000 for 1ETH) or before the start of a potential bull market (determined by inflation through truflation).

I did a little research and found tons of HODLers on reddit who regret having changed their coins to fiat or scammers for fear of missing out on an opportunity to make money. It is for such people (impulsive hodlers) that my project was created.

Hodlerway works not only with Ethereum, but also with Polygon, because it is psychologically easier for people to imagine that $1 for a Polygon (MATIC) will cost $10 in the future than that Ether for $1200 will grow up to $12,000. In addition, the polygon is much cheaper to use, which will attract an inexperienced crypto community.

Accomplishments that I'am proud of

It works and my friends say it's an interesting idea. Some of them are ready to send small amounts to HODL after the project comes out of the demo version. I hope the crypto community likes it too.

What's next for HODLWAY

• developing of self-activating smart contracts based on chainlink automation, so that the money is returned to the account themselves in a couple of months or even years, as soon as the hold contract is completed

• developing more complex formulas via Chainlink and Trufation using a wider range of data feeds; predicting a bull market through inflation sounds nice, but there are plenty of other ideas to work with Truflation for the benefit of the HODL community

• the creation of HODLBANK, those who watched Futurama remember the episode where Fry left 93 cents in the past, and in a thousand years it was billions of dollars. People really liked and remembered this idea, therefore, on the basis of HODL contracts, you can make a HODLBANK that will return money only when the price of your coins in dollar terms has increased, for example, 10 times. Given the potential bull market, it will most likely take less than a thousand years :)

• develop a smart contract for Polygon and Truflation, since Polygon is psychologically more suitable for HODLers due to the relatively low current cost

Built With

• chainlink
• css3
• html5
• javascript
• polygon
• solidity
• truflation