Now the Ethereum world is growing like never before, but so are the gas prices associated with transactions. Just a year ago, gas prices in Ethereum averaged 14.38, today gas prices are 153.27. This increase means an increase in fees of over 1000%.
It’s getting more expensive every other day to trade on the Ethereum networks. What would you say about a platform that allows investors to take advantage of the Ethereum network for the lowest to no gas price? Well, Holderfinance is introducing a gasless protocol with the motive to reduce the gas. What exactly is Holder Finance?
Holder Finance is a Defi-Token project based on a cross-chain ecosystem as a store of value. It has a token called HFi that helps run the entire ecosystem. HiFi tokens are like digital gold in that their value will increase significantly over the years due to increasing demand. The total supply of tokens will stay at 1000, all released in 10 years.
Holder Finance introduces a protocol called HolderSwap, the all-in-one solution for the unfavorable Ethereum gas fees, cross-chain trading and AAT as Automated Arbitrage Trading.
HolderSwap is Holder Finance’s decentralized exchange plugin designed as the ultimate solution for Ethereum’s rising gas fees. Trade executors and recipients use personalized trade execution fees.
The Dapp introduces some of the best features to ensure gas charges are brought down to near zero so investors have adequate income. Here are the features;
- Holder Limit Protocol
A function introduced in the HolderSwap project that helps to offer a reduced gas fee is the owner limit protocol. With this protocol, users can add gas-free limit orders for Uniswap and place limit orders for BSC DEXes such as PancakeSwap, BurgerSwap or FEGex. This tool promotes total simplicity and efficiency and is thus able to enable GAS-free business. The tools that define the holder limit protocol include:
- Maximum security and maximum decentralization
- Certified and tested
- Extra simple user interface
- Allowed batch transactions for lower gas charges
- An autonomous arbitrage trading option will be available in Uniswap, Balancer, SushiSwap and Mooniswap.
- A simple and cost effective bridge protocol that enables cross-chain trading.
2. The OTC desk
HolderSwap will have an OTC market, an over-the-counter trading tool that will allow users to quickly and easily access exchange services. This tool provides traders with personalized services, avoiding slips, high fees, and other swap and trading problems.
The OTC tool allows you to sell tax-free tokens. The attributes that define the OTC desk include:
- Very dedicated to early adopters by providing an intuitive user interface and simplifying the whole process.
- Supports all ERC-20 and BEP20 assets as well as other assets such as wBTC, wETH and USDC and USDT
- The OTC will host a decentralized application that will allow everyone to be served worldwide in real time.
3. Dynamic fee adjustment tool
Centralized exchanges calculate their trading fee based on monthly volume, i.e. the higher the volume, the lower the fee and vice versa. However, this system is unfair to small traders with smaller volumes.
HolderSwap is developing a tool called a dynamic fee adjustment tool where the trading fee varies based on the volatility and price movements of the asset. The minimum attainable trading fee is 0.05% and the maximum 1%, depending on the volatility. This offers advantages to all traders and users of HolderSwap, as the same advantages are achieved when using the platform.
4. Upper limit for liquidity reserves
The liquidity provision cap is designed to ensure that users get the best income from providing liquidity to a pool. HolderSwap implements systems to ensure that the rewards for providing liquidity bring better rewards than other exchanges like UniSwap.
HolderSwaps native token
As a product of the Holder Finance project, HolderSwap will use the possibilities of the HFi token. However, HolderSwap has a native auxiliary token called HFS that serves people within the platform. Users are rewarded with HFS tokens on the platform for using the HolderSwap plugin OTC Desk, limit orders and providing liquidity.
This token will help reward the holders of HFi tokens based on their stakes and the people participating in trades within the network, as well as an agriculture program with double rewards.
There is a maximum number / total supply of the HFS token of 3,000,000 HFS that will be published over a year. Therefore, the platform implements strict guidelines to ensure that the values of these tokens are protected by a high deflation mechanism.
It hardens the minting of new HFS tokens, effectively limiting the number of tokens in circulation over time. These coin issues will follow the prevailing prices and fluctuations of these tokens over a 24 hour period. For example, if the price increases by 10%, the border difficulty increases with almost the same intensity. Other algorithms are also being introduced to ensure that supply and traffic are limited and that demand remains high.
The platform will also introduce a token burning mechanism that burns 5% of every sell order once the circulating supply reaches HFS 200,000.
According to their podcast, HFS recently completed its LGE and coined around 60,000 HFS.
Top transparency and security
HolderSwap guarantees investors the highest level of security and transparency through the various guidelines that they set for the tokens. For example, the platform developers only list ERC-20 / BEP-20 tokens with the following attributes.
- The new token must be checked by its security partner CDTSEC
- An open source contract that CDTSEC has already approved
- A token that is already securely executed on UniSwap or PancakeSwap
The introduction of Holder Finance offers crypto investors an excellent opportunity to invest in a value preservation token. However, the introduction of HolderSwap by Holder Finance is more advantageous. HolderSwap is the long-awaited solution to the many problems tarnishing Defi, especially the ever-increasing gas charges on the Ethereum network. This gas-free protocol ensures that regular traders benefit from cheap to fee-free trading by using the OTC, limit protocol and fee adjustment tool.
The native token HFS also offers all investors excellent opportunities to generate passive income. Investors should be willing to try this tool and expect the best results.