Thread by @BenHODL

GM everyone.

Today we will be covering @HordApp ( $HORD ). This is a 9 MILLION DOLLAR MARKET CAP project suggested by @jairvanbrussel. If you have any coins you would like to be featured, comment below.

$BTC $ETH $ROSE $BNB $XRP $DOT $DOGE $ADA $ONE $ZIL $ONE $MATIC $SHIB #VET

#1 @HordApp allows you to follow the best crypto portfolios in the market. Powered by decentralised smart contracts, $HORD allows its users to use its dynamic ETF’s to follow the market-leading holdings.

#2 @HordApp believes in the power of technology for making impactful and positive changes in the way users manage their crypto assets. @HordApp are working towards making decentralised finance fairer and more transparent. $HORD

#3 @HordApp’s mission is to enable everyone to create value for themselves and others. Users are rewarded for their knowledge, experience and success in generating more value for others. $HORD

#4 @HordApp allows its users to broadcast their portfolios. Influencers, asset managers, or any high-performing traders can create and update a public portfolio with: $HORD

- Initial deposit
- Public token pics
- The weighting of each asset

#5 Participants can opt into a $HORD smart contract that mirrors a 'Champions' portfolio, using an ETF token that reflects the 'Champions' portfolio assets movements and fluctuation in real-time.

#6 Champions followers can buy these ETF tokens, which are mined when the followers deposit funds in the mirror smart contract. That ETF's value fluctuates in sync with the value of the assets in the Champions basket and can be redeemed or traded. $HORD

#7 The @HordApp has three main features: $HORD

- Leaderboard and Discovery
- Orderbook DEX
- Governance and Champions guild

#7.1 Leaderboard and Discover: $HORD

- $HORD's multi-filter search function facilitates the selection of best performing ETFs according to a large number of parameters. Hord's leaderboard displays in real-time the up and coming highest performing portfolios.

#7.2 Orderbook DEX: $HORD

- AMMs are capital inefficient. They require massive amounts of deposits to trade without considerable slippage.

#7.3 Governance and Champions guild: $HORD

- Portfolio Leaders with a track record of high performance qualify as Champions. Champions are given the spotlight on the Hord Platform. Rising portfolio managers can be accepted into the guild through governance.

#8 The @HordApp fee structure:

- Mirroring portfolio’s pay a 0-40% gratuity fee for their performance. The gratuity is in proportion to the TLV of champions mirrored baskets. Champions are also collectively distributed 25% of the trading fee’s generated on the DEX. $HORD

#9 $HORD is the platforms native token, here is a breakdown:

CS: 80.47m
MS: 320m
TS: 320m
Price: $0.009
Market cap: $9m

#10 Here is the tokenomics of $HORD:

- Success Fee
- Redemption Fee
- Orderbook DEX Fee

#10.1 Sucess Fee:

- Upon redemption, 5% of profits are used to buy back and burn $HORD tokens.

#10.2 Redemption Fee:

- When a portfolio ETF is redeemed for its underlying value, a 0.5% fee is applied. $HORD

#10.3 Orderbook DEX Fee:

- A 0.25% fee applies to trades of ETFs on the order book DEX if traders own HORD tokens. Otherwise, a 0.4% fee applies. 50% of DEX fees reduce $HORD token supply. The other 50% replenish the development fund.

#11 Here is a list of $HORD's backers and champions:

#12 My final thoughts:

$HORD is creating a project that I think will be desirable to many people. You can mirror high-performance traders and maximize your gains. It is not easy to be a successful trader, but with $HORD, you don’t need to be; you can just follow one.

#12.1

@HordApp is currently sitting at a $9m market cap, which is very low. I would love to see a 2022 roadmap, and if they show that they are planning to develop in the right way, then I can see a lot of growth. I will be watching this project closely. $HORD