The project is aiming to provide an open platform for decentralized apps where token owners are incentivized to HODL. HODLers of HIT tokens are rewarded with free tokens of the projects joining the network proportionate to their HIT holding.
- Login (with Twitter or e-mail+password)
- Join Telegram @HODLitNetworkcommunity (+50 HIT)
- Link your Twitter account and follow + retweet (+110 HIT)
- Submit your ETH address at the bottom of the page
Update #2: The estimation of the token value from the team turned out to be to high. Currently (May 19th) the 160 tokens are worth 0.01 ETH ($7). This is not bad but not as awesome as imagined. However we have the feeling - and this is no financial advise - the price might rise after everyone sold their airdropped tokens. We HODLit ;)
Update: We received a lot of complains that people don't receive their tokens after claiming them! In the video is a small but a fatal mistake which causes that the transaction gets declined. It's due to the Gas Limit. In the video the guy says you need to input 200,000. That's wrong! Input at least 202392 ! Then it works like charm. We tested and approved it.
They distribute 10,000,000 HIT - 10% of the total supply worth about $4m.
You can instantly claim your tokens! For instructions watch this YouTube video.
They are also traded on ForkDelta. The buy orders don't represent the current price! There's not much trading volume yet because not many tokens are in circulation.
Concept/Idea Website Team Whitepaper
HODLit Network is a unique project with a unique concept that is aimed at simultaneously providing a solution to some of the major problems in the crypt world today, as well as seizing some of the biggest opportunities in this space.
The project is aiming to provide an open platform for decentralized apps where token owners are incentivized to HODL. HODLers of HIT tokens are rewarded with free tokens of the projects joining the network proportionate to their HIT holding. This concept would not only help bring stability to crypto prices, but will also shield token holders from scam projects, as the HODLit team will only add projects to the network after thorough due diligence. The reduction in price volatility and scam protection by moving to Initial Coin Distributions (ICDs) instead of ICOs will ultimately result in wider adoption and growth.
Similar to Decentralized Autonomous Organizations (DAOs) platforms, the network will provide much needed support to entrepreneurs and projects that do not have the resources to build their DApps on their own. There are an estimated 100 million start-ups opening each year. Many of these will benefit from the media exposure, and development expertise offered by HODLit.
The project is led by a diverse and highly ambitious team with a wealth of experience in blockchain development, entrepreneurship, investment fund management, and legal practice. They are hoping to expand the team to 50 people by the end of 2018.
HODLit Network already has 4 promising projects on board including AlphaSwap, a crowdsourced alpha capture and asset management system based on blockchain technology, and Expanse, the next generation decentralized trading platform. Whether you’re an investor, or an entrepreneur looking for help in bringing your ideas to light, we recommend you give the whitepaper a read.
HIT is already listed on ForkDelta. The first round of airdrop, as part of the ICD was completed in March after a Proof of HODL. The second round of ICD is this "airdrop", with 10 million tokens, worth $4 million expected to be airdropped.