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What is Hord (HORD)?
Hord is a protocol to create and trade ETFs, also known are tokenized baskets.
There are two key participants in Hord: (a) Champions and (b) their Hord. The Champions are likely to be market-leading influencers, funds, or strategy-based long-term traders. Champions broadcast their portfolio data, which is used by their Hord.
There are two key smart contracts in Hord: (a) Champion Contract and (b) Mirror Contract. The first one serves Champions and the second one serves their Hord (followers).
The Champion Contract is a smart contract that broadcasts the Champion's portfolio data to the Mirror Contract. The Champion's Hord can deposit funds to a Mirror Contract, which always acquires the assets in the proportion represented by the Champion's portfolio.
Once funds are in the Mirror Contract, a token is minted to reflect its deposits, and it is then distributed too the accounts that deposited funds to the Mirror Contract. This token is essentially the tokenized portfolio of the Champion, and is redeemable for the underlying value held in the Mirror Contract.
The ETF tokens can be traded on the Hord DEX, an orderbook decentralized exchange.
What are the features of Hord (HORD)?
Protocols for tokenized portfolios already exist, but they are static. Projects like Sets, DEXTF, dHedge, and their many forks all produce ETFs that can never be changed.
Crypto is a hyper-volatile market. Any portfolio that must forever remain the same is practically useless in this market. Furthermore, the protocols lack a proper market target: Hord serves the specific market segment of Champions (market leaders) and their Hord (followers).
Furthermore, Hord does not rely on AMMs to create liquidity for the ETFs. Instead, the internal orderbook DEX makes price matching possible without causing extreme slippage for large trades. It also does not force the community to act as liquidity providers that must commit ETH to create a market.
Traditional ETFs, even the largest ones like the SPY ($350B), are malleable. The weights of assets they carry change; the assets they carry change. That's for a market not nearly as volatile as crypto. Hord recognizes the need for dynamic ETFs that must change their asset weights and holdings at a spontaneous rate, and hence delivers the tokenized barket protocol suited to the crypto market, all the while making the trading of these ETFs incredibly efficient and low-cost.
What is Hord (HORD) roadmap?
Hord (HORD) revenue streams
What is product dive of Hord (HORD)?
Hord ETF (tokenized basket)
Hord tokenized baskets can be changed in real-time, and enable Champions (market leaders) to build a portfolio that easily adjusts to the volatility of the crypto market.
The Mirror Contract enables a Champion's Hord (followers) to easily and cost-effectively adjust to the portfolio of the Champion (market leader). It socializes the asset adjustment fees (possibly reducing them by 99%), automates synchronization, and issues ETFs that reflect the portfolio value in real-time.
The Hord DEX is an orderbook decentralized exchange that avoids the capital inefficiencies of AMMs, while generating fees for the protocol at fee levels much lower than AMMs.
What is Hord (HORD) marketing strategy?
Hord is conducting an Initial Champion Offering, a token offering in which the project has acquired the genesis roster of Champions, which include leading influencers and funds who will operate on Hord as Champions.
The existing user base of these Champions will provide a key go-to market for Hord's initial phase.
Hord has received considerable interest from both influencers and funds. This is the only protocol of its kind and is tailor-made to the social buying status of the crypto industry, where the primary buy power leads to a few Champions (market leaders).
Hord creates double-edged benefit for both categories of participants: Champions are able to earn from the success they share to their Hord (followers), and their Hord is able to seamlessly and cost-effectively be in absolute sync with the Champion's portfolio.
What technologies Hord (HORD) created and used?
1st layer Ethereum Smart Contract architecture
Smart Contract development, integration and deployment framework
Client protocol library allowing the browser to interact with HORD protocol
Serverless backend, maintainer protocol for smart contracts
Serverless backend, app API
Dynamically scalable graph cluster
Graph index over smart contract events
Redundant ipfs node cluster for eternal decentralised storage pinning
STARK based ZK Rollups
Enabling secondary marketplace on layer2 Ethereum
Smart contract and layer2 protocol for creating and trading ETFs on Ethereum
Cloud compute infrastructure (CloudFormation, API Gateway, Cloudfront, S3, DynamoDB, Aurora Postgres, EKS, ECS, SQS etc..)
Web serving + global data availability workers
CICD framework for serverless APIs deployment
React, Redux, web3.js
What are Hord (HORD) tokenomics?