Hodlnaut 2021: The Year in Review

Cryptocurrency
First published
December 24, 2021
Last updated
January 21, 2022

2021 has indeed been a thrilling ride for the crypto community. Not only did BTC and ETH achieve ATHs, but there has also been an increase in the adoption of digital assets. Banks, traditional financial giants, and asset managers have been ramping up efforts to offer blockchain payments and investment offerings to consumers and corporate clients. Goldman Sachs disclosed in April that it would be making Bitcoin funds available to its high net worth clients while JPMorgan even launched a proprietary blockchain payments platform for financial institutions and corporate users. 

Besides the increase in uptake and adoption of digital assets, 2021 was an eventful year for us here at Hodlnaut too. As the year draws to a close, we take the time to look back at our achievements and extend our gratitude to all our users and supporters. Thank you for all the support you have given us the past year, we could not have achieved all of this without you!

General Overview of Hodlnaut

This time last year, our AUM stood at US$100 million. Today, we are humbled by the support you have given us and proudly announce that our AUM has reached over US$500 million. We have also experienced a growth of over ten times the amount of active users we had from 1,000 last year to 10,000 at the time of writing. Moreover, we have grown to a team of 38 from just 10 in December 2020 with plans to expand even more. 

Products and Features 

Token Swap

Earlier in April, Hodlnaut launched its Token Swap feature, which allowed users to seamlessly swap between asset pairs on the platform and execute trades instantly between any of the six assets offered. With this feature, users were able to manage their portfolios and rebalance their asset holdings without leaving the platform, saving them costs that could have been incurred from double-spending. Later in the year, a Market Order function was added to the feature to instantly fill any token swap order. This feature was introduced to increase the success rate of token swaps amidst market volatility.

Bonus: Hodlnaut announced in October that more than US$100 million worth of crypto assets had been transacted through Token Swap. 

Preferred Interest Payout

In July, Hodlnaut launched a Preferred Interest Payout feature where users were able to choose the currency they wish to earn no matter what they deposit. This allowed for enhanced flexibility and control over users’ cryptocurrency earnings.

Tiered Interest Rates

In August, Hodlnaut introduced a new tiering interest rate system, allowing users to earn up to 12.73% APY on their crypto assets. 

iOS and Android App Launch 

For a more convenient and seamless user experience, Hodlnaut launched the iOS and Android mobile applications in August and October respectively. This gave users access to the features of the platform directly - and easily - from their smartphones. 

iTrust Integration

To offer users an additional safeguard for funds, Hodlnaut announced in July its iTrust.Insure integration to allow users to purchase Nexus Mutual’s industry-leading custody cover without ever leaving the Hodlnaut platform. 

Free Withdrawal/Month 

Hodlnaut launched an initiative in November to waive off the withdrawal fee of any one withdrawal made by users to enable them to maximize the potential of their earnings. 

Fixed Term Deposits 

Most recently, Hodlnaut launched its Fixed Term Deposits to offer higher interest rates for users who choose to deposit larger amounts and lock up their funds with us. 

.. And that’s not all. Throughout the year, Hodlnaut launched a slew of Referral Programs and Airdrop campaigns to reward users with bonus payouts for their continuous support.

Partnerships

This year, we would also like to extend our gratitude for the partnership opportunities we have had with both US crypto exchange Okcoin and homegrown crypto platform Tokenize Exchange. We hope our users were able to benefit from our partnerships within the crypto community! Checkout Hodlnaut's Review to learn more about the platform and its offerings

Final Thoughts

While the pandemic has put a pause to many of our lives, it definitely was not the case for us in the crypto community and here at Hodlnaut. We sincerely would like to thank our users for continuously supporting us and allowing us to build better products to suit your crypto needs!

And for all those faithful hodlers, the price of 1 BTC stood at USD 28,378 just last year. Fast forward to December 2021, the price of BTC is now USD 48,602 at the time of writing. 

There is no doubt that we have come so far and we have so much more to look forward to in the new year. We have some very exciting plans and new features lined up that we will be launching in 2022, so watch out for them. We hope that you will continue to grow with us in the new year, happy hodling! 

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