At a Glance:
- What does HODL mean?
- What are HODL Rewards in COIN?
- Verify Wallet Addresses for HODL Rewards
- View and Collect HODL Rewards in App
- View HODL Totals
- How often can you Collect HODL Rewards in App?
- HODL Monthly Prize
What does HODL mean?
HODL is a term that has come to stand for "Hold On for Dear Life". It is a term commonly used with investors for not selling your assets despite market fluctuations.
Check out this article to learn more about the origin of HODL!
What are HODL Rewards in COIN?
HODL Rewards are COIN rewards that you can collect once per day inside the COIN app, based on your compatible holdings.
This reward is COIN sent to your COIN App balance, not XYO or any form of cryptocurrency sent to your verified wallet. If you do not have any COIN in-app or XYO in verified wallets/accounts, or if you are not providing liquidity for the XYO/ETH pair in Uniswap, you will not receive HODL rewards until you do.
HODL Rewards are Calculated from these Sources:
Uniswap Pairs: Your current holdings of XYO/ETH paired tokens found in your verified private cryptocurrency wallet.
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The reward is based off the current annual yield for holdings from each source and are subject to change without notice. This percentage is applied to each source's total, which determines how much COIN in daily rewards you can collect.
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The COIN reward can be collected once per day (24 hours, refreshes at midnight UTC). This amount is based on the Annual Yield, and is the daily benefit of connecting your wallet for HODL Rewards!
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For your XYO holdings to be eligible for HODL rewards, you must verify a Coinbase account, a Coinbase Wallet, or a verified digital wallet.
How to Verify Wallet Addresses for HODL Rewards.
If you do not have any XYO in your private wallet or Coinbase account, see How to buy XYO. Be sure to send it to a compatible private wallet or Coinbase for this feature to work, for a list of compatible wallets please see below.
Compatible wallet types for HODL Rewards.
To see your current wallets added for HODL rewards, visit https://my.coinapp.co/hodl and check out this article for detailed information on HODL Totals.
Having trouble? Check out these troubleshooting articles for help!
HODL Monthly Prize
Every month, COIN randomly selects a user who has successfully collected HODL rewards that month. The more times you collect HODL rewards (up to 30/month), the higher likelihood you will win the 10k COIN prize. Having minted HODLR badges multiplies those entries. If you had one minted HODLR badge; your 30 HODL collects would be 60 entries. For each HODLR badge you have minted, you get 2x, 3x, or 4x entries (there are 3 HODLR badges in total).