Paper 2023/1029
hodlCoin: A Financial Game
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
-
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}
}