HORD App — Telegram AMA — April 07
On Thursday, April 07, we had the pleasure to welcome to our Telegram chat:
Bart Rovers, Head of Marketing
We asked him questions about the development of HORD App.
Some sentences have been slightly edited for readability but the meaning has been conserved.
Q — Ayeley from GAINS: Tell us what you did before discovering crypto and did you have any other previous venture in crypto?
A — Bart from HORD: Sure, my name is Bart and I am Head of Marketing at Hord. I have a degree in international business and marketing.I have been an entrepreneur next to my crypto ventures
Started in crypto in 2017 and never looked back, I like to read a lot and dive deep
Q — Ayeley from GAINS: How did you discover Hord App? Were you with the project from the beginning or did you join as time went on?
A — Bart from HORD: I was there from the start, I didn’t set up the project but I was hired as the first Marketing Lead very early on
I was looking for a job in crypto as a way of combining my passion with my career. Got in touch with Hatu from DAO Maker and went from there, he put me where I am today
About HORD App
Q — Ayeley from GAINS: Awesome. Let’s dig deeper into the project now. What is the Hord App project about in a few simple sentences?
A — Bart from HORD: Sure thing. So Hord is a pooled investment platform, Where users can come and join tokenized strategies at the click of a button, These strategies can be different things, one of the key things that set Hord apart is Hord Champions.
Hord Champions are influential people in the crypto space that share their investment strategies with the public. Allowing users to copy their portfolio one-to-one in real-time and on-chain, Besides that Hord, will offer Sector ETFs, which help people diversify their investments in an easy and affordable way
Q — Ayeley from GAINS: How can I become a Hord Champion?
A — Bart from HORD: The Champion Application process is handled by the Hord team at this time. If you have a track record of profitable trading or a large enough social following we will allow you a spot on our Champion list
Going forward we will transition to a DAO-based structure where the Hord community has more of a say in this and can choose to vote new people in
Q — Ayeley from GAINS: In the run-up to this AMA, I came across Champion NFTs. Is it related to this?
A — Bart from HORD: That’s right because we expect Champion pools to fill up fast we came up with a ticketing system. By staking HORD tokens users can get Champion NFTs which allow them a guaranteed spot in the Champion pool
Q — Ayeley from GAINS: Tell us about the mainnet. I know the App is live now. What are some of its extraordinary features and what do I need to access it? Do I need to have any special skills?
A — Bart from HORD: We have a preliminary version of the app live right now. Anyone can use our revolutionary technology to create a pool and tokenize their portfolio there, All you need is a wallet and some BNB to get started. We invite everyone to check out our app and let us know what you think
A tutorial on how to use the app is coming very soon so be sure to check that out as well, 100%
Q — Ayeley from GAINS: Will you launch on other chains too?
A — Bart from HORD: The future of crypto is multichain, we have learned that in the last year
At the beginning of 2021 95% of TVL was on Ethereum, now it’s like 65%, Our vision is to have an interchain operable platform where tokens can be selected and the backend routes everything through the most optimal chains, creating a seamless user experience across the entirety of the on-chain space.
Q — Twitter user @ysirblack: What are the benefits of hPool ETF? When I get a hPool ETF from a hPool, am I only allowed to sell it only on HORD DEX? Why should people buy my Hpool ETF?
A — Bart from HORD: So the benefits of an hPool ETF token should be pretty easy to understand, It is 1 token that represents an entire strategy, be it index-based or actively managed by a Champion
This strategy is limited to hPool ETF token holders and so it can be traded at a premium
Once certain hPools start proving their track record, subsequent hPool ETFs will sell out fast. The ones who get in the first benefit from that premium. You can transfer the tokens as you wish but Hord DEX will allow for order book trading and will have guaranteed liquidity, kind of like OpenSea. So people would want to buy the hPool ETF token because it represents limited access to a strategy that is provably profitable
Q — Twitter user @TheodoreAgrippa: I saw that you released your app about a week ago and I wonder what are the newest improvements and what are you working to deliver next?
A — Bart from HORD: So as I said before our current offering is on the HORD App.
Here anyone can create and follow hPools, We are working hard on the process, improving it, and explaining it to users, A lot of progress has been made on this behind the scenes
We are working on delivering those improvements and subsequently opening the first real Champion Pools! In the meantime we are creating something revolutionary about which I can hopefully share more with you soon, We are also working on expanding the token offering at the moment, And of course, more chains going forward as well
Q — Telegram user @ samuel kenny: I read Hord DEX enables trading ETF tokens without the need for liquidity providers. How is this going to work? What better way are you planning to go without a liquidity provider? And why do you think you don’t need a Liquidity Provider?
A — Bart from HORD: We are using an Orderbook DEX instead of an AMM (automated market maker) like Pancakeswap and Uniswap. This allows bids and asks to come together and users to buy and sell directly to each other, eliminating the need for deep liquidity like with AMMs
Q — Telegram user Shiva: New traders find it very hard to manage their Portfolio and it causes them trouble. Do You offer a Portfolio Management Strategy as well? Can New traders look upon HORD?
A — Bart from HORD: Yes, Hord allows people to copy the strategies of more experienced traders and investors
Q — Telegram user Troy: Do you require Hord Champions to be KYC’ed in the platform? How do you ensure they are legitimate persons?
A — Bart from HORD: Since we are a DeFi platform there is no KYC, but we use Twitter login to ensure people are who they say they are
Q — Telegram user Irfane: Why do Mirroring portfolios pay a 0%-40% gratuity fee? And what is the gratuity fee?
A — Bart from HORD:The gratuity fee is set by champions, this allows them to earn from sharing their knowledge and experience with Hord’s users
Q — Telegram user D Scribe: How do I participate in the pre-sale of the NFT collection, are there any special requirements?
A — Bart from HORD: You just need $HORD
Q — Telegram user Aulgvrl 🐨: I read that by joining an hPool, I acquire a tokenized version of the portfolio strategy. My question is, Can owners of hPool tokens redeem them for the value of the underlying assets at any time or choose to exchange the tokens on Hord’s proprietary DEX order book?
A — Bart from HORD: Correct, both options are possible, holders of hPool tokens can always choose to redeem for the value of the underlying assets as well as trade them on Hord DEX, the latter is expected to be the more profitable option
Q — Ayeley from GAINS: For those who want to stake tokens, what options are available, single-sided or liquidity provision? and where can we get tokens to get started?
A — Bart from HORD: We currently have an LP Farm running on BSC, so people can stake for that, learn more here
Q — Telegram user Sifabella: What is the difference between HORD and hPool tokens? which is the main token of the project?
A — Bart from HORD: $HORD is the platform token, this is the one that powers our project. hPool tokens are strategies that can be acquired. Every champion or ETF has its own hPool token. Hope that clears it up
Q — Ayeley from GAINS: How safe would you rate the app? I do know our community is very concerned about security
A — Bart from HORD: I am confident you are not going to find much safer apps, we take security extremely seriously and so we have implemented a lot of extra measures to ensure it, So far all contracts have been audited twice by both Certik and Zokyo.
We are running smaller cap pools now and everything is running smoothly
Q — Ayeley from GAINS: What do you think of social finance #socialfi and its future in crypto? And what is Hord doing to become a leader in that sector?
A — Bart from HORD: SocialFi will only become a bigger an bigger trend in crypto, as we have seen in traditional markets as well
People are social creatures and always looking to others to find out what the best way forward is
Hord is becoming a leader in the sector by offering the best possible ways to socially invest together and form and follow strategies that are worth investing in our current product offering will draw in SoFi enthusiasts and we are currently working on an expansion that will bring something that has never been seen before
Once that hits people will start to understand the true potential of SoFi and Hord
Bart, thanks for coming into our community, and taking the time to answer our questions. It’s been a great time learning about the Hord App project. Do you have any final words for us? Where can we follow you to stay updated? — Ayeley Commodore-Mensah from GAINS
The future is crypto and crypto is the future, we are still extremely early, be safe out there and WAGMI!
Hord is building the next frontier in SoFi so stay with us and we’ll deliver!