HORD: What is it?

By using the HORD protocol, users can create and trade investment products, also referred to as tokenized baskets.

Participants in Hord are divided into two groups: (1) Champions and (2) their Hord. Champions are likely to be influential market participants, funds, or long-term traders with a strategy. It is used by the Hord to broadcast the champions’ portfolio data.

The key contract types here are (a) Champion Contract (b) Mirror Contract. Those who serve Champions and those who serve their Hord (followers) have different responsibilities.

Essentially, it broadcasts the portfolio data of the Champion to the Mirror Contract. As long as funds are deposited to the Champion’s Hord, assets will always be acquired in the proportion of the Champion’s portfolio.

The Mirror Contract issues tokens to the accounts that deposited funds, and they are distributed to them once the funds are deposited. For the base value of the Mirror Contract, this token constitutes the tokenized portfolio of the Champion.

An orderbook decentralized exchange called Hord DEX offers ETF tokens for trading.

On Coinmarketcap, it is ranked 947 with a price of $0.19 and it has surged 3.46 percent recently.

There is no direct way to purchase these using fiat money, unlike other major cryptocurrencies. Upon depositing funds in the Mirror Contract, tokens are issued to the depositor’s accounts and distributed. It has been listed on several crypto exchanges. If you want to buy this coin as easily as possible, you can buy Ethereum first and then transfer it to the exchange that trades this coin.

How does it work?

Hord’s hPools (ETFs) operate according to two smart contracts. Champion contracts, on which champions invest funds and manage portfolios, are on one end of the spectrum. In contrast, a mirror contract involves followers investing funds. Mirror contracts reflect every trade that takes place within the champion contracts one-to-one. The mirror contract rewards users with ERC-20 tokens that are pegged to hPools’ values.

To guarantee allocation to the champion’s H-Pool, users are advised to farm NFT tickets. On platforms like OpenSea, NFT tickets can be traded as ERC-1155 tokens.

‍It will be impossible for new users to join a pool once it has been established and filled. Other users who secured an allocation can sell tokens to users that missed out. These tokens will be used for transaction fees on the Hord DEX, where a portion will be burned for a reduction in the circulating supply.

Passively managed ETFs are another big part of Hord, which can be compared to sector ETFs. A cryptocurrency exchange-traded fund’s token represents the value of an ETF’s underlying assets, such as derivatives. ETFs that invest in exchanges, such as ETFs that hold different exchange tokens in a ratio that represents the assets’ market capitalizations, could be an example.

What makes it Unique

Hord.app is a platform that has some features that are appealing to a variety of crypto enthusiasts, investors and traders. Some of them are highlighted here:

‍Passive and active ETFs

The ETFs that Horn offers are diverse. A new ETF could be created practically any way, including champion-led, DAO-governed, as well as index-based. This feature allows Hord to target a wide range of users. 

 Tickets for the Champion NFT

In addition to aligning incentives, Hord creates utility for the token while increasing volume at the DEX by restricting the size of the hPools. Hord is unique in its concept.

 Hord DEX

Trading on hPools will be based on a proprietary order book-based DEX, where allocation of liquidity is ensured. Providing liquidity on automated market makers (AMMs) is an important feature, since some pools may suffer from low liquidity if there is liquidity provided for them on AMMs.

Investing in pools

The app emphasizes the social element of pooled investing. By discussing strategies with other users, users will be able to engage other users and investors and feel a little more at ease when it comes to the volatility of crypto markets.

 It’s not just crypto

While it will start with crypto assets, it aims to eventually support all kinds of assets, including tokenized stocks and real estate.

 HORD Token

On the Hord platform, these token sits at its heart. A minimum of 1% will be a deflationary asset in every champion pool. As well as gain priority access to pools, token holders will have the right to vote on governance decisions concerning the platform. These are the currency of choice on this platform, and a chunk will be permanently burned once the fees are paid.

‍What Are ETFs?

Investing in exchange-traded funds (ETFs) provides investors with a way to gain exposure to a wide range of assets using a single investment product. A basket of crypto assets is similar to security like a stock or bond but becomes more popular as a vehicle for baskets of securities. 

 Among traditional investors, ETFs are extremely popular, with a large part of all stocks contained within them. Hord’s market potential may be significant following the continuation of this trend in crypto. 

The Horn platform aims to leverage these benefits by providing a portal through which both experienced and inexperienced investors can access diverse crypto funds, managed by champions vetted by the company.