Hodlnaut, a Singapore-Based Crypto Platform Explains why now is the Time to Start #Hodling

It’s no secret that cryptocurrency has always been known for its price volatility. Over the past year alone, we have seen Bitcoin achieve its all-time high (ATH) in 2021, as values exceeded over US$65,000, while also dipping to a range of US$30,000 earlier this year. As such, many hodlers have introduced additional methods to earn continuously with their crypto investments to hedge against market fluctuations.

simon-lee

Author

Simon Lee

 Hodlnaut, a Singapore-Based Crypto Platform Explains why now is the Time to   Start #Hodling

                  Holdnaut Founders: Juntao Zhu & Simon Lee joined Antler in 2019  

 It's no secret that cryptocurrency has always been known for its price  volatility. Over the past year alone, we have seen Bitcoin achieve its  all-time high (ATH) in 2021, as values exceeded over US$65,000, while also  dipping to a range of US$30,000 earlier this year. As such, many hodlers have  introduced additional methods to earn continuously with their crypto  investments to hedge against market fluctuations.

             

 One such way is by depositing their crypto assets into crypto savings  accounts. Similar to traditional banks, crypto savings accounts allow users to  earn interest on their digital assets. The upside: the interest rates offered  are likely to be higher than that of traditional banks. Though there is a slew  of other platforms in the market, one that hodlers can definitely consider is  Hodlnaut.

Hodlnaut in a nutshell

 Hodlnaut  is a Singapore-based crypto lending and borrowing platform. The firm was  founded in 2019 by Bitcoin maximalists Juntao Zhu and myself. We were part of  Antler's — a Global VC firm backing the early-stage startups — second  cohort at Singapore Demo Day in July 2019. Hodlnaut received pre-seed  funding of US$100,000 raised with Antler in 2019, which enabled the firm to  establish its presence both locally and Globally. With the advancements in new  products and features, Hodlnaut has grown tremendously over two years with a  current AUM of over US$500M.

 Hodlnaut also received an in-principle approval (IPA) for a Major Payment  Institution License in Singapore from the Monetary Authority of Singapore  (MAS) under the Payment Services Act (PS Act) for its Token Swap feature. The  firm is also a certified FinTech by the Singapore FinTech Association, an  accreditation recognized by the MAS.

 The platform allows users to earn more on their digital currencies and  maximize their productivity. What makes Hodlnaut a standout among its  competitors is its high interest rates of up to 13.86% APY. The assets  supported by the platform include BTC, ETH, USDC, USDT, WBTC, DAI, LUNA, and  UST.

             

The advantages of #HodlingwithHodlnaut

Besides offering some of the highest interest rates of up to 13.86%, Hodlnaut  is a platform that is equipped with many other additional features to help  hodlers achieve maximized gains with their crypto assets. Moreover, the simple  and easy-to-use platform that is available on the web, iOS, and Android mobile  applications is a huge plus for crypto beginners too.

Here are four advantages of, well, #hodlingwithHodlnaut.

 Earn in the currency of your choice

 Hodlnaut offers both  Token Swap  and  Preferred Interest Payout  functions to provide users with more flexibility and control over their crypto  assets. The former allows users to swap tokens seamlessly while rebalancing  their asset holdings without leaving the platform — and yes, without any  additional costs. This allows for a more effortless and fuss-free user  experience as they don't have to spend on transactions between wallets.

 The latter, on the other hand, enables users to choose the currency in which  they prefer earning in. This means that even if a user deposits BTC, they can  opt to earn in any of the six supported currencies such as ETH or USDC.

 This feature acts as a great alternative for investors to hedge against any  price fluctuations since they are now able to earn in stablecoins, which  offers a higher interest rate. Additionally, users can also utilize this tool  to help them diversify their portfolios easily and quickly.

Users are entitled to one free withdrawal a month

One of the perks of using Hodlnaut is that users are entitled to  one free withdrawal  per calendar month. However, do note that this feature will only be enabled 30  days after a new user has made an initial deposit.

With this function, users can save on the additional withdrawal fees to allow  them to earn maximized returns on their crypto assets.

Refer and earn more rewards

 On top of earning interest on the deposited crypto assets, Hodlnaut also  offers a User Referral Program to allow users to earn when they refer their  friends to the platform. Through the program, both the parent referrer and  child referee will be able to earn 30 USDC each, as long as certain  requirements are met.

The requirements are as follows.

     
  •   Sign up with the parent referrer's unique referral link and receive KYC   approval  
  •  
  •   Deposit US$1,000 or more in any of our supported assets to qualify  
  •  
  •   The qualifying deposit must be done in a single transaction and from an   external wallet  
  •  
  •   The qualifying deposit must be completed within one week of an optional test   deposit  
  •  
  •   Maintain a minimum US$1,000 account balance for 31 consecutive days  

 For more information on the User Referral Program, check out the link  here.

An easy-to-use and informative platform

Cryptocurrency is indeed a complex topic, and thus, Hodlnaut ensures that all  users have easy access to the resources they need to learn and understand more  about cryptocurrency through its informative articles.

The Hodlnaut Resource is a dedicated page with articles that cover topics  across the entire Defi and blockchain ecosystem, from interest accounts to  loans and borrowing, and guides for using cryptocurrencies. It is updated  regularly to ensure users are informed on the latest news and happenings  within the crypto and blockchain space.

Furthermore, Hodlnaut's user interface is relatively simple, straightforward,  and easy to use to cater to all types of crypto investors from beginners to  pros. Hodlnaut is also available on both the iOS and Android mobile  applications, making earning passive income more accessible anywhere, anytime.

 Plus, it has security features to ensure safety

 Hodlnaut has also taken various measures to ensure that users' deposited funds  are

 secured through added security functions. This includes mandatory  two-factor authentication  and  Fireblocks  integration. Furthermore, users can withdraw funds to only  whitelisted addresses, preventing any potential hacks and external threats.

 Hodlnaut also provides an optional custody cover known as the Nexus Mutual  Custody Cover. This will allow users to purchase a custody cover on their  crypto assets. Though it is not mandatory, Hodlnaut has put in place this  option to provide users with an alternative to safeguard their funds.

 In terms of licenses, Hodlnaut is certified by the Singapore FinTech  Association, a credential recognized by the Monetary Authority of Singapore  (MAS). Plus, it received an in-principle approval (IPA) for a Major Payment  Institution License in Singapore from the Monetary Authority of Singapore  (MAS) under the Payment Services Act (PS Act) for its Token Swap feature.

 Now, it's Time to start #HODLing with Hodlnaut

 With all these advantages, Hodlnaut positions itself as an ideal option for  those — yes, beginners and pros alike — crypto users who plan on earning  more on their crypto assets. Its simple signup process and user-friendly  interface make it easy to use for any individual. In addition, interest fees  at Hodlnaut are among the highest in the market, allowing individuals to make  the most out of their crypto.

 Bonus: the platform also features additional functions and products that serve  to value add users' experience on Hodlnaut.

 Start making smarter financial decisions by earning more on your crypto with  Hodlnaut. Sign up for a  free account here  and feel free to drop us an email at  support@hodlnaut.com  should you have any questions.

-

 This article was written by: Simon Lee, Founder of Hodlnaut

About Hodlnaut

 Hodlnaut  is the leading Crypto Borrowing and Lending Platform based in Singapore whose  mission is to provide financial services to cryptocurrency users. The platform  currently has over US$500 Million of Digital Assets under Management and is  growing at an average of 20% month on month.

 Hodlnaut is a certified FinTech by the Singapore FinTech Association, an  accreditation recognized by the MAS (Monetary Authority of Singapore).  Cryptocurrency platform Hodlnaut has received an in-principle approval (IPA)  letter for a Major Payment Institution License in Singapore from the Monetary  Authority of Singapore (MAS) under the Payment Services Act (PS Act).

 Feeling inspired? Join Antler Singapore today to build your next venture with us.

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