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p/neverlose-money
A DeFi protocol that lets you invest crypto like Mr. Buffett
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Younghwi Cho
Neverlose.money — A DeFi protocol that lets you invest crypto like Mr. Buffett
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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.
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Younghwi Cho
Maker
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 -
Max Prilutskiy
Launching soon!
Looks good! 💯
Jim Zhou
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!
Younghwi Cho
Maker
@jim_zhou Thanks. That' was exactly what I experienced too in the beginning of my crypto investment!
Jun Gong
Great to see you guys are joining the DeFi game and congrats on the launch! @andrew_cho $WRN seems like a cool token :) What would the APY be like if people hodl ETH for 10 years?
Sebastian Kim
Maker
@jun_gong Assuming 100 people locked-up 1 ETH each for 10 years and only one person succeed, the one who succeed should get about 0.52 ETH (0.1/99 + 0.1/98 + ... + 0.1/2 + 0.1) as a bonus (ROI: 52%). Also considering the market value of ETH? Who knows.. 😛 I bet on at least 10K% return because this world is crazy.. (TSLA stock was like 2,000% in 6 months) lol
Younghwi Cho
Maker
@andrew_cho @jun_gong Thanks! Great to see you here :D
Lorenzo Bellucci
What are the interest rates?
Sebastian Kim
Maker
There’s no interest guarantee. The bonus comes from losers’ penalties so it depends on how long you locked up your assets and hold. At the moment, we have about $1.6M assets are locked up and $75K has been broken and $7.5K bonus has beed generated since launch (22 days ago).
Tech con Edison
genial me encanto hodl a largo plazo
Amanda Ramirez
Outstanding
edward park
Take all my money and show me something happened in 10 years