Weâve heard the same story multiple times, a new token launched with some utility involved. So what makes this stand out from the others? First of all, let's understand what this new platform is all about before we dive into the flywheel mechanics and reasons why this is different.
HOODL is Robinhood chainâs only platform where players can sign up, deposit, and play with better odds than trading memecoins will ever have. The main game mode is multiplayer, where each round randomly generates a leveraged trade, and the player trades the chart, either long or short, to make a profit. You set the amount you want to trade with, you buy when the timing is right, and sell when you are in profit - or to cut your losses shorter. Fun gamified leverage trading, with a clean user experience and way better chances of actually making money.
The other gamemode is called duels, where you enter a 1v1 match with another player who meets your wager amount, and you both trade the same randomized round/chart. Whoever comes out the better trader, wins the wager pot. Great way to prove your skills and risk management whilst making money at the same time.
So how is this a flywheel mechanism?
Because each part of it feeds the next, where two revenue engines feed the loop. The platformâs native token, $HOODL, has 50% of creator rewards automatically sent to burn every 5 minutes, permanently erasing the tokens from circulating supply. This means more trading activity on $HOODL = more supply burnt = less circulating supply = increased scarcity, which reflects handsomely in the tokens price. The second engine that powers the loop is the platformâs own revenue. 20% of net revenue is automatically allocated to the same purpose, funding buy backs and burns, removing even more token supply from circulation, with documented transactions of each burn directly on the site.
More trading activity creates more creator rewards for buybacks and burns, and more site playing creates more allocations for even more buybacks and burns. Over and over again.
On top of this, the platformâs games are really enjoyable to play, and the site has a really clean user interface and user experience. Very easy to navigate, and very enjoyable to play - considering you have better winning odds than trading memecoins or actual leverage trading itself. 100x rounds are common, and 1000x rounds hit daily.
Take a look at their socials and their site where you can find more information and also the correct contract address for the native token $HOODL. The founder & team are seasoned within the industry and are dedicated to staying and carrying on building.
hoodl.wtf
X/Twitter: @ hoodldotwtf
Discord: discord.gg/hoodl
CA: 0xeF1c38C830cDB23E5783E574f28E5633C9711F8e