Holdium (HM) is a cryptocurrency that is designed specifically for the ardent hodlers of Solana (SOL). The token is distributed as a reward to those who hold SOL as well as other cryptocurrencies issued on the Solana blockchain.
In this article, we will explore Holdium in detail to understand what it is and how it works. We shall also look at the network’s native HM token, learn its use case, predict its price going into 2030, and list exchanges where it can be traded, before determining whether it is a credible cryptocurrency investment.
So, without further ado, let’s get started.
What Is Holdium (HM) and How Does It Work?
Holdium is a token that is specifically designed to reward hardcore Solana fans. The project aims to enhance community engagement and promote decentralized finance (DeFi) applications on the blockchain.
The network has introduced a program where it rewards the so-called “diamond hands” in its native HM token. These are holders of meme tokens issued on Solana. Holdium will distribute HM to current and past holders of a pre-selected list of meme cryptocurrencies.
The distribution will be proportional to the number of meme coins the person held and the length of time they have been held in their Solana wallets. The idea here is that the more tokens a person holds and the longer they hold them, the appropriate Holdium coins they will receive.
Holdium kickstarted its HM distribution process on July 12th, with an airdrop set to take place every month for the next 18 months. To remain eligible for the airdrop, holders must not sell or move the HM out of their wallets.
The network has also introduced a liquidity pool that is managed by the Holdium community, where they can stake their HM to receive more rewards for supporting the network.
What Is The HM Token?
HM is the native utility and governance token of the Holdium network. The Solana-based cryptocurrency is mainly used to reward those who have held on to the SOL and other tokens issued on the blockchain for the longest time.
HM is used to conduct transactions, pay network fees, and provide liquidity on the Holdium network. In the future, the project’s developers will introduce a governance protocol, where HM owners will be given the right to vote on developmental decisions.
HM has a total supply of 1 billion tokens, the entirety of which will be distributed to Solana users over the next 18 months. In the last 24 hours, the token has achieved a trading volume of $284,441.
Holdium (HM) Price Prediction: 2024, 2025, 2026, 2027, 2028, 2029, 2030
At the time of writing, Holdium (HM) is trading at $0.01106 – down 3.3% over the past 24 hours. Since the cryptocurrency was launched very recently, there is not enough data to analyze and predict its price in the coming years.
This section of the article will be updated once the information is made available.
Where To Buy Holdium (HM) From?
Holdium (HM) can be purchased and traded on the following cryptocurrency exchanges:
- Raydium
- Jupiter
Is Holdium a Credible Cryptocurrency Investment?
Holdium is a Solana-based cryptocurrency designed to reward those who have held on to SOL and other cryptocurrencies issued on the blockchain for the longest time. The network rewards Solana users who have certain pre-selected meme coins in their wallets, depending on how much and for how long they have held onto the coins.
The newly launched cryptocurrency is still in the distribution phase, meaning there is no data available to determine its future price performance. Overall, it is an innovative concept that will encourage the use of Solana, making it an interesting crypto investment.
As is the case with every cryptocurrency, HM is also prone to the extreme price dynamics of the crypto market. Therefore, you must thoroughly research Holdium and fully understand its benefits and risks before making any investment decision.
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