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Showing 11 of 11 results by polarbearx
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Board Announcements (Altcoins)
Re: [ANN] Neverlose.money - HODL protocol on Ethereum
by
polarbearx
on 07/01/2021, 15:59:29 UTC
How do you give protection to the consumers?

This is an open source protocol, so there’s no consumer or owner.

Stated on the footer of website:
Neverlose.money is a web user interface using a smart contract protocol. Even though the smart contract is audited and thoroughly unit tested, you may still encounter an unexpected issue. Please do your own research before you interact with the protocol and use it at your own risk. We are not liable for any financial loss.
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Topic
Board Announcements (Altcoins)
Re: [ANN] Neverlose.money - HODL protocol on Ethereum
by
polarbearx
on 07/01/2021, 09:21:07 UTC
How do you pay bonus to investors.Is it monthly or Daily?Thanks

You can claim the bonus (if any) from the dashboard interface anytime.

https://i.postimg.cc/28BFkPZQ/image.png
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Topic
Board Announcements (Altcoins)
Re: [ANN] Neverlose.money - HODL protocol on Ethereum
by
polarbearx
on 06/01/2021, 08:49:22 UTC
Neverlose money seems very good for longtime investor.I have a question Is there any hidden fees or charge?

Not hidden but, the fees are:

1. In addition to the 10% penalty on broken lock-ups, 3% funds goes to the treasury (No penalty or fee at all if the lock-up is matured).
100% of those funds collected from the broken lock-ups are converted into HUNT tokens and burnt quarterly
(more info on "HUNT Burning Mechanism" section on the website: https://token.hunt.town)

2. Like any dApps, you should pay the gas fee on writing transactions

Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Neverlose.money - HODL protocol on Ethereum
by
polarbearx
on 05/01/2021, 13:09:16 UTC
I like the idea but there are still some fundamental questions I will like answers to.
1. How do you pick he tokens to lock in your smart contract
2. Who bear the lose if the smart contract is hacked, if the fund locked starts growing significantly it would attract hackers to the platform
3. What happen when one of the smart contracts of the tokens locked is hacked and people are now dumping the tokens
4. Who are you guys? can we know you

1. How do you pick he tokens to lock in your smart contract
-> We're developing a community governance system, so users will be able to vote on what token pool they wish to add

2. Who bear the lose if the smart contract is hacked, if the fund locked starts growing significantly it would attract hackers to the platform
-> I will quote the footer sentence on the website:
"Even though the smart contract is audited and thoroughly unit tested, you may still encounter an unexpected issue.
Please do your own research before you interact with the protocol and use it at your own risk. We are not liable for any financial loss."

3. I guess that's very unlikely happens because all current lock-up pools (WETH, WBTC, HUNT) are based on a common ERC20 implementation.
If those token contract got hacked, that means probably most ERC20 tokens in the world would become worthless.

4. Our team is developing blockchain related apps and services since 2017. You can see more info on:

https://token.hunt.town/

You can also check the team members on the Whitepaper attached on the footer.

Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Neverlose.money - HODL protocol on Ethereum
by
polarbearx
on 05/01/2021, 09:22:18 UTC
Do you have any telegram group?

Yes, but it's not only for the Neverlose.money, but the parent project (HUNT)
https://t.me/steemhunt

We have a separate group for Neverlose.money on Discord:
https://discord.com/invite/8zpebQrr4K
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Topic
Board Announcements (Altcoins)
Re: [ANN] Neverlose.money - HODL protocol on Ethereum
by
polarbearx
on 05/01/2021, 08:37:59 UTC
I want to try your platform.Can I Invest for only 6 months?

Yes, the minimum duration is 3 months and you can choose between 3-120 months.
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Topic
Board Announcements (Altcoins)
Re: [ANN] Neverlose.money - HODL protocol on Ethereum
by
polarbearx
on 05/01/2021, 08:13:34 UTC
Do you have any bounty?I would love to participate.

We run a bug bounty program for Neverlose.money:
https://docs.neverlose.money/getting-started/bug-bounty

and we also run few bounty marketing campaigns on Nomadtask as well:
https://nomadtask.com/
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Topic
Board Announcements (Altcoins)
Re: [ANN] Neverlose.money - HODL protocol on Ethereum
by
polarbearx
on 05/01/2021, 07:08:16 UTC
How can I earn WRN token?What is the current price?

WRN token is being distributed based on the effective lock-up shares on each pool.
Currently it's only traded on Uniswap at $2.64, but the price is meaningless as it doesn't have enough volume.

Check more info about WRN distribution here:
https://docs.neverlose.money/getting-started/faq#how-are-wrn-tokens-distributed
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Topic
Board Announcements (Altcoins)
Re: [ANN] Neverlose.money - HODL protocol on Ethereum
by
polarbearx
on 04/01/2021, 14:37:06 UTC
Do I get it right - this is a sort of a staking program? But, compared to projects that offer staking option, you are just a fund holder, while they  provide staking (holding) their own token or coin.

So the question is - if they pay for staking with their own altcoin, where you get funds for paying for holding ? Only from penalties if other users withdraw? Otherwise it looks like a Ponzi scheme.

Why would people wish to hold funds in your service, if then can hold them in their own wallets?

The bonus is generated from other users’ penalty so it is not guaranteed.
It’s not a staking service, it is a smart contract that holds users’ fund.
So it’s like a hodling game between users (hodling winners take losers’ penalty)

So what’s better compare to holding in their own wallet?
1. You can (probably) get bonuses if you’re going to keep the fund for a set period of time anyway
2. The penalty may help you from impulsive selling on high fluctuating market (help long term investment)
3. You can also get WRN token distribution that will be used on the protocol governance and community later

You can see the stats about how much fund are locked and broken here:
https://neverlose.money/explorer
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Neverlose.money - HODL protocol on Ethereum
by
polarbearx
on 04/01/2021, 10:58:32 UTC
What is the minimum investment?

There's no minimum amount, but you should probably consider a high transaction cost on Ethereum network these days.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Neverlose.money - HODL protocol on Ethereum
by
polarbearx
on 04/01/2021, 05:18:48 UTC
How can I know more about your project?

You can find more info on their official documentation here: https://docs.neverlose.money/