Neverlose.money is the first-ever gamified DeFi protocol that pays a bonus to long-term investors, known as HODLers, using the penalty charge paid by users who fail to HODL.
Oomph, tempting fate a bit with that name **looks at XRP prices** but as someone who sold 40 BTC when it first hit $100, and sold 36 when it first hit 1000, and essentially panic sold 80% of my nest-egg befpre it reached nest-egg size, I feel like everyone who is new at investment in the very least should do something similar as part of the portfolio if only just to provide as a benchmark or reminder of the frequently regrettable impulse of the panic sell. Great idea!
My first-ever crypto purchase was made in July 2017. I purchased Bitcoin when it was priced at around $2,500. A couple of days ago, the Bitcoin price hit over $34,000. Did I get 1,260% ROI? Of course not 😂. I failed to HODL, like so many other people.
I’m pretty sure that there’s a ton of people in the crypto market who blew so many long-term profit opportunities due to the extreme volatility of crypto prices. If I hadn't repeatedly bought and sold BTC over the past three years, my seed value would have more than quadrupled.
So, I came up with an idea -- Neverlose.money -- for those like me who hope to be long-term HODLers. Neverlose.money is a HODL game protocol with other HODLers on Ethereum. This smart contract works as below:
🔒 You can lock-up your crypto for a set duration (from 3 months to 10 years).
💸 While you continue your lock-up, you will get bonuses whenever other users fail to HODL according to their own lock-up terms.
💔 You can withdraw your fund anytime you want, but you will get charged a 10% penalty + a 3% treasury charge if you break the lock-up and withdraw the fund within your lock-up period (the penalty is distributed to others as bonuses).
We launched this smart contract protocol 3 weeks ago, and so far over $1.2M crypto assets have been locked up on our platform. Interestingly, most people have decided to HODL for the long-term with an average lock-up period of 7.85 years.
🌐 Website - https://neverlose.money/
▶️ Intro video -
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