Meet Hoard, the cryptocurrency app you can bank on!
What is it?
An open source mobile wallet that combines peer-to-peer transactions in crypto and cash with a second layer solution connected to decentralized exchanges. We’re being called the missing link to mass adoption that’s solving the last mile for consumers and the new crypto economy.
To empower anyone, anywhere in the world to hold, track, transfer and transact with any digital asset from their mobile device, privately and instantly. We’re not building a bank, we’re reinventing banking.
Traditional banking is slow and expensive. Crypto-tech is complex and stifles adoption. Markets are hard to enter which block participation. Cryptocurrencies aren’t fungible like cash. Systems are missing critical machine learning and automation. Dapps and chains can be extremely fragmented. This is a nightmare for everyday consumers.
Who wants to use 7 apps just to manage 4 currencies or transact between 2 parties? Simplicity is not a patent. It’s time for real change.
Picture this… an open source mobile wallet developed for iOS and Android phones that can hold any cryptocurrency across any public blockchain while you maintain full control of your private keys. A peer-to-peer payment system that removes copy/paste methods and slow block times, and relies on your device contacts, @usernames, email address or phone numbers, even if the recipient doesn’t have the Hoard app or a crypto wallet.
Within that same mobile wallet, you can instantly swap any asset for any asset without a complex trading experience at minimal fees. You can also track transactions and market performance of your assets stored on other platforms, and execute fiat-to-crypto and crypto-to-fiat buys or sells at a macro or micro level with additional plug and play rule-based automation. Additionally, through QR payment technology, Hoard users have the ability to make purchases directly to merchants using cryptocurrency in which the merchant receives payment in the form of the currency they prefer, including fiat at the time of sale. No banks, no card issuers, no middlemen.
Our blockchain network (codenamed: Smaug) is a decentralized exchange protocol, solving interoperability and scalability of all public blockchain assets while aggregating the liquidity of decentralized exchanges into a single endpoint for maximum end-user consumption. The Ethereum-based second layer solution is completely decentralized and relies solely on community efforts to provide transaction verification, order matching, and market making through multiple Hoard masternodes.
Smaug is comparable to decentralized exchanges like 0x, but works across different blockchains, and provides both a publically accessible ledger as well as a private one.
Masternode Proof-of-Service secured by Ethereum Blockchain
The Hoard Masternode program is the mechanism that powers the decentralized exchange protocol codenamed “Smaug Network”. This open-source program enables Hoard community members to create their own exchanges, wherein they either source liquidity for the Smaug Network, or connect users of the Hoard wallet app and other supported applications to these liquidity pools.
In addition to these capabilities, the masternodes also maintain the off-chain ledgers that represent users assets deposited in the Smaug network, either in a publically available ledger or encrypted within a Zero-knowledge ledger. The market matching masternodes set their own competitive rates and can take fees on the trades they make, while the order matching masternodes receive block rewards in the form of the HOARD token.
Participation in the Hoard Masternode and earning rewards has two requirements:
1. Staking 5,000 HOARD tokens within the Masternode smart contract
2. Running the Masternode software and upgrading the software when required
Upon the initial distribution of the HOARD tokens, the masternode smart contract will be made available to deposit the masternode stake within. Once the masternode software is available, masternode participants will be required to run the software to continue to receive rewards and connect Hoard’s users to the supported exchanges as well as market-making nodes.
Immediately following launch, masternode rewards will begin distribution. These rewards will be distributed evenly between each qualified masternode. The amount of masternode rewards distributed over time will decrease by 20% each year.
20% of Available Masternode Rewards (8 million tokens) will be issued in the first year
Approximately 49% of Available Masternode Rewards will be issued in the first 3 years
Approximately 80% of Available Masternode Rewards will be issued in the first 7 years
Approximately 99% of Available Masternode Rewards will be issued within 20 years
In addition to the Masternode program, end-users who hold the HOARD token will qualify for various benefits provided through the Hoard mobile app, including qualifying for reduced-fee or free add-ons. These will include deploying rule-based and machine learning-based investment tools, as well as reduced fees when accessing our fiat/crypto exchange services.
Customer support is the least efficient sector in this industry. As many have witnessed and explained, most Customer Support departments are slow and unreliable. Hoard has dedicated the same amount of time in building our customer support team as we have in our application offering.
At the moment, Hoard Customer Support specializes in email, chat, and soon to be phone support! At Hoard, we would never want a single user to feel left out and simply labeled as a number to be forgotten about because we treat you like family!
The Beta App
The Hoard team has developed our mobile-first cryptocurrency wallet that supports both Bitcoin and Ethereum assets, with support for many more blockchains coming soon. This app allows you to easily and trustlessly interact with the cryptocurrency ecosystem without sacrificing control over your private keys. The app is Open Source, with the source code for the mobile app and our backend services available for all to inspect and improve on.
As we proceed through our token distribution, the team will continue working on our decentralized exchange protocol, as well as building features into our mobile app that allow users to trade and invest directly from their mobile devices, as well as track their funds in real time on supported top-tier exchanges. In addition, we’ll be building our fiat services which will allow users to buy and sell any cryptocurrency with fiat money, and send peer-to-peer cash payments.
Beyond that, we’re building machine-learning powered investment tools that track crowd sentiment in real-time, as well as building simple rule-based tools that make investing in crypto as simple as using a piggy bank.
Our goals in building these products are to on-ramp as many people as possible into the cryptocurrency ecosystem but do it in a way where they are empowered to control their own assets, and source liquidity from both high-liquidity centralized exchanges, as well as our network of Masternode-powered community exchanges.
We aim to eliminate exchange insolvency risks which hurt all cryptocurrency services and provide powerful and innovative tools for experienced traders, as well as simple automated investment tools and payment services for the vast majority of the globe who has yet to join the cryptocurrency revolution.
For more information, visit us on our website at Hoard Invest, or, join us in Telegram!