Introducing HODL.ZONE
If this is your first time hearing about HODL.ZONE, there may be a chance you are missing out on easy profits. HODL.ZONE is designed to increase your profits if you plan on holding crypto, rather than actively trading. Like many of you, we believe in Bitcoin, and expect the price to rise. But you may not know that you can actually make your Bitcoin savings grow not only in value, but in size.
You’re saying I can make more Bitcoin with my Bitcoin?
Yes! You can do this through Poloniex’s lending system. Traders sometimes like to trade with more Bitcoin then they own. As a user, you can offer up your Bitcoin to these traders in the form of a loan, which means you collect interest. Essentially you are doing what the big banks do, but can do it on a smaller scale.
You may be wondering what the risks are, and if you hold crypto on Poloniex, there is no additional risk. As in, your BTC sitting in your Poloniex wallet, could be earning interest at no additional risk. Usually, the risk with loans comes when the borrower cannot pay back the loan and defaults. This risk is eliminated by Poloniex, by requiring collateral for the loan and automatically liquidating the margin trade if the borrowers runs short on funds.
Unlike big banks, these loans last anywhere from a few minutes to days rather than months. This benefits the lender, as your bitcoin is never tied up for very long, allowing you to pull out and act on market changes.
Thanks for the tips, why do I need you?
You really don’t, you can start making interest on your crypto today! Unfortunately, like most of us, you typically have to go to work, or go to sleep. This cuts on your loan profits, as when a loan closes, your HOLDings will patiently wait for you to lend them gain. Or even worse, that auto-renew button you set yesterday is loaning below today’s rate and you are not maximizing your returns!
So unlike us petty humans, our bots don’t sleep, and we don’t let them. We aim to keep all your crypto lent, all of the time. Keeping lending uptime high is crucial to maximizing returns, but we also take hourly rates into consideration. Ours bots are designed to keep an eye on price changes, and avoid loaning when rates dip.
How much money can I make?
Rates change by the hour, so telling you how much you can make could be deceiving. At the time of this post, the rates were 0.14% PER DAY, or > 4.2% PER MONTH. This would equate to >45% PER YEAR if it held, but we cannot guarantee that. We have a calculator on our homepage based off of the monthly average, so give it a look.
Is it hard to set up?
If you already have a Poloniex account, it’ll only take 5 minutes. Signing up for HODL.ZONE is easy, all we require is an API token to your Poloniex account, but restricted to prevent any withdrawing. Once you move crypto to your lending account, give it a minute for the Bot to pick up your account and start lending.
If you want to start lending today, because we are still in alpha, we operate on an invite-only basis. To get an invite, you must join our slack and say “Hello!”. We will initiate a private conversation and give you an invite key. As we test our system, we want to be able to communicate with our customers to rough out the edges before opening up.
Once you join our slack though, you can follow the guide to start earning interest here.
