HOLD provides members with unique peer-to-peer lending and borrowing capabilities. It allows users to leverage their existing cryptocurrency holdings for instant cash advances from other users. By means of a mobile app and prepaid card, it enables online and offline purchases with over 45 million retailers worldwide and over 3 million ATMs.
Bitcoin, Ethereum and Litecoin can be used as collateral for cash advances at a competitive rate of 8% p.a., not requiring a good credit history and without geographic restrictions. Instead of selling their assets, members can utilize them to
receive instant cash, or make online purchases — while still maintaining their cryptocurrency holdings. This may also result in a potential tax deferment, depending on the jurisdiction of the borrower.
Memberships are available to all compatible jurisdictions through the process of staking the platform-native token (HOLD) for a fixed period of time, which are returned to the user after their membership ends.
HOLD card holders earn HOLD tokens every time they use their card. On almost all purchases, the HOLD platform will provide a 1% cashback in HOLD tokens, directly into the user’s wallet.
Liquidity is provided by means of an incentivized lender program through which users fund their HOLD wallets with fiat or crypto. The platform will progressively match provided liquidity with cash advances, producing lucrative and low-risk returns of up to 7.5% p.a. for lenders, representing a lucrative money-making opportunity.