What is HoDooi.com (HOD)?
HoDooi.com is a permissionless NFT multi-chain marketplace built to make NFT transactions easy and fun. Based on the Binance Smart Chain, it was designed to allow users to list, sell and buy NFT collectibles. Although it is built on the BSC network, it has plans to support other chains and networks as well. This is to make it easier for users to perform cross-chain NFT transactions without the fear of expensive gas fees. The platform has been carefully engineered to provide security and safety for digital assets held on the platform.
The HOD token is the native utility token of the platform. On the HoDooi.com price chart above, you can find the current HOD price.
Use Cases of HOD Tokens
HOD coin is used for all transactions on the platform. Firstly, it is used for listing, buying, selling, and exchanging NFTs on the platform.
Secondly, it can be used to pay for the membership plans of the project. The project has different tiers of membership, each with its unique perks and benefits.
Furthermore, holding the HOD crypto token grants access to members-only exclusive events, launches, and NFT drops.
Finally, it is the platform’s governance token. You must hold HOD tokens if you wish to participate in the governance decisions of the platform.
Remember that you can find the latest HOD price on the live price chart above. There are more use cases for the tokens are expected, which will increase demand and potentially the HoDooi.com price in the long run.
Who Founded HoDooi.com?
HoDooi.com was founded by Matt Lucz in 2021. Matt is also the founder of Travala.com, a travel booking website that supports cryptocurrency payments. The company is based in Vietnam. Matt has worked on a number of start-ups within the travel space, with a focus on fintech and blockchain technology.
Tokenomics of HOD
A total of 1 billion HOD tokens are available. These tokens were distributed as follows: the public sale got 1.11%, while the private sale got 14.39%. The team received 10%, while 12% went toward staking rewards. Furthermore, the company treasury received 40% of the total tokens available, and the liquidity fund received 12.5%. Finally, 10% was set aside in the reserve for the project's future use and development. Recall that you can see the current HOD price on the chart above.
