hodlCoin: A Financial Game

Zahnentferner; Luca D'Angelo

Paper 2023/1029

hodlCoin: A Financial Game

Zahnentferner

Luca D'Angelo

Abstract

The hodlCoin game is a competitive zero-sum massively multiplayer staking protocol where the goal is to hodl (stake) an asset for long periods of time. By hodling, a user deposits coins of a given asset in a common reserve and receives a proportional amount of hodlCoins. Users who un-hodl (unstake) pay a fee that is accumulated in the common reserve. Thus, the longer a user hodls, in comparison with other users, the more the user will benefit from fees paid by the users 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 protocol can be tried on https://hodlcoin.co.in .

Metadata

Available format(s): PDF
Category: Applications
Publication info: Preprint.
Keywords: Cryptocurrency Tokenomics Staking Financial Games Smart Contracts Economics Financial Stability
Contact author(s): zahnentferner @ gmail com
ldgaetano @ protonmail com
History: 2025-08-29: last of 3 revisions; 2023-07-03: received; See all versions
Short URL: https://ia.cr/2023/1029
License: CC BY-NC-SA

BibTeX

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