The cryptocurrency trade has been continuously evolving since Bitcoin made its first look over a decade in the past. What began as a easy, decentralized, peer-to-peer technique for worth trade has now given start to Decentralized Finance (DeFi) motion. By leveraging the advantages of cryptocurrency’s underlying blockchain know-how, DeFi provides a spread of different monetary providers which might be near, if not on par with a lot of its counterparts within the conventional monetary sector.
Over time, the adoption of cryptocurrencies has elevated amongst individuals. Many go for cryptocurrencies as a part of their funding portfolio and hodl it with an expectation of its worth appreciating within the close to future. However what if there is a chance the place their crypto funds actively generate returns within the type of curiosity over common intervals whereas they wait for his or her worth to understand? That is the place platforms like Hodlnaut enters the image, offering the crypto neighborhood with a solution to make investments their holdings and earn curiosity on it.
Based mostly out of Singapore, Hodlnaut is a monetary providers platform that was launched in April 2019. The platform comes beneath the gambit of the Financial Authority of Singapore (MAS), and satisfies all of the regulatory necessities of Digital Fee Token license (DPT license) which is but to be issued beneath the not too long ago launched Fee Companies Act (Jan 28, 2020).
Hodlnaut is designed primarily for particular person buyers, enabling them to earn curiosity on cryptocurrencies by lending it to margin merchants within the type of crypto loans. The platform at present helps three main cryptocurrencies viz., BTC, USDT & USDC whereas providing annual compounded rates of interest starting from 6% to eight.3%, relying on the kind of cryptocurrency. All deposits on Hodlnaut robotically earn one of the best rate of interest, relying available on the market demand and former month earnings.
The platform is a creation of two entrepreneurs Juntao Zhu and Simon Lee, collectively holding a collective expertise in monetary software program improvement, cryptocurrency buying and selling, designing arbitrage and funding methods, and extra. Their undertaking is backed by a few of Asia’s main institutional digital asset merchants and VC companies together with Antler, Three Arrows Capital, Sparrow, Singapore Administration College and BitGo. It’s also price noting that Hodlnaut can be a member of the distinguished Singapore Fintech Affiliation.
Making it so simple as doable for its target market – particular person buyers, the platform provides a straightforward join course of with a no-nonsense user-friendly interface. Whereas opening an account on Hodlnaut, customers ought to mandatorily full the KYC course of. As soon as performed, they will entry all of the account associated data and handle their investments from the dashboard. Additional, the platform doesn’t implement any minimal deposit or minimal lock-in interval insurance policies to make sure customers are all the time in charge of the funds.
Hodlnaut is step by step gaining reputation amongst crypto customers as a reliable platform to earn higher returns on their crypto investments, because of their versatile deposit and withdrawal choices, higher rates of interest and state-of-the-art security measures. Having operated for a bit over a yr, the platform has already registered greater than 500 buyers and belongings over 750 BTC, which continues to develop with extra buyers ready to leap on to the bandwagon.
Be part of Hodlnaut at – https://app.hodlnaut.com/signup
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