Paper 2023/1029

hodlCoin: A Financial Game

Joachim Zahnentferner, Djed Alliance
Abstract

The hodlCoin game is a competitive zero-sum massively multiplayer financial game where the goal is to hodl an asset for long periods of time. By hodling, a player deposits coins of a given asset in a common reserve and receives a proportional amount of hodlCoins. Players who un-hodl pay a fee that is accumulated in the common reserve. Thus, the longer a player hodls, in comparison with other players, the more the player will benefit from fees paid by the players who are un-hodling earlier. Surprisingly, we prove here that, thanks to the accumulation of fees, the price of hodlCoins in comparison with the underlying asset never decreases.

Note: The game can be tried on https://hodlcoin.co.in

Metadata
Available format(s)
PDF
Category
Applications
Publication info
Preprint.
Keywords
CryptocurrencyTokenomicsDegen FinanceFinancial GamesSmart Contracts
Contact author(s)
zahnentferner @ gmail com
History
2024-07-30: revised
2023-07-03: received
See all versions
Short URL
https://ia.cr/2023/1029
License
Creative Commons Attribution-NonCommercial-ShareAlike
CC BY-NC-SA

BibTeX

@misc{cryptoeprint:2023/1029,
      author = {Joachim Zahnentferner},
      title = {{hodlCoin}: A Financial Game},
      howpublished = {Cryptology {ePrint} Archive, Paper 2023/1029},
      year = {2023},
      url = {https://eprint.iacr.org/2023/1029}
}
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