Hold On for Dear Life

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Hold On for Dear Life ($HODL) is an ERC-20 memecoin launched on October 30, 2023. With a fixed supply of 1 billion tokens and audit-certified security, $HODL features an "anti-jeet shield" imposing a 6% tax on sells—3% redistributed for passive income and 3% for marketing. This mechanism aims to foster a diamond-handed holding culture and eliminate short-term selling behavior. Notably, there's no tax on buy transactions, and liquidity is locked for one year.

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FAQ

What is Hold On for Dear Life ($HODL)?

$HODL is an ERC-20 memecoin launched on October 30, 2023, inspired by the crypto term 'HODL,' meaning 'Hold On for Dear Life.' With a fixed supply of 1 billion tokens, it's designed to foster a community focused on long-term holding and discourages short-term selling through its unique 'anti-jeet shield' tax mechanism.

How does the 'anti-jeet shield' work in $HODL?

The 'anti-jeet shield' is a 6% tax applied to $HODL sell transactions. It redistributes 3% of the tax to existing holders as passive income and allocates 3% to marketing efforts. This mechanism incentivizes holding $HODL tokens for the long term, rather than selling for quick gains.

What are the benefits of holding $HODL tokens?

Holding $HODL tokens offers benefits like passive income through the redistribution of sell transaction taxes. The project's unique tax mechanism and community-focused ethos aim to promote long-term holding. With liquidity locked for a year and an audited contract, $HODL ensures security and transparency for its investors.

How does $HODL compare to other memecoins?

$HODL distinguishes itself from other memecoins with its 'anti-jeet shield' tax on sell transactions, promoting a 'diamond hands' mentality. This approach focuses on encouraging long-term holding and discouraging short-term selling, thereby building a committed, engaged community of crypto holders.

Is $HODL part of the Ethereum ecosystem?

Yes, $HODL is an ERC-20 token, making it part of the Ethereum ecosystem. This affiliation ensures compatibility with the vast array of Ethereum-based wallets and DeFi applications, providing flexibility and accessibility for token holders within the Ethereum network.

What steps does $HODL take to ensure its security?

$HODL prioritizes security by having its smart contract audited with zero flaws identified. Furthermore, liquidity is locked for a year, adding an extra layer of security and stability. These measures ensure that investors can trust the protocol while benefiting from its innovative features.

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