Hi exhodlers,
I know many of you wish not selling early your BTC. This is very common story, I wish I hadn’t sell my bitcoins for cheap X years ago. Now it would be worth Y millions of dollars. I have idea for new coin/token:
We create smart contract for HODLing bitcoin for 5 years (that’s rough number, could be anything). For users who send their BTC to the smart contract, some new token or coin would be given. Tokens have their tokenomics, the whole thing is DAO with voting, stakings, farmings etc. For HODLers NFTs can be generated to create community thing.
Anyone interested in participating the project? Call it HodlCoin
While I appreciate a token created for this purpose, I think you are creating something that makes HODLing more complicated. If a person wants to HODL, then just let them HODL their bitcoins in their respective wallets. I do not see the need for any complicated matters. If they have the urge to sell their coins, then let them do so.
Remember that BTCs are still considered as money due to their significant value in the market. Assuming that a person encounters an emergency situation where they would need some cash, then let them use their BTCs. No need for any complicated tokens or whatsoever.