AMA RECAP IDCRYPTO X Hodlnaut

Speaker : Goh Chang Teck (Social Media Manager)
Date : Thursday, November 11st 2021

THERE IS 3 SESSION FOR AMA
1. INTRODUCTION
2. QUESTION FROM TWTITTER
3. FREE ASKING


SESSION 1 ( INTRODUCTION )

ID CRYPTO:
Hello everyone, we come back for AMA ID Crypto with Hodlnaut.
Today we have an honored @changteck, Goh Chang Teck as ocial Media Manager who will explain and answer your question guys.

Goh Chang Teck:
Glad to be here. Selamat malam semua.

ID CRYPTO:
Selamat malam juga.
Thanks for coming to our AMA here.

Q1. Please introduce yourself and tell how you started a crypto business ?

Goh Chang Teck:
Sure. Hello! My name is Chang Teck, or you can call me CT, and I am the Social Media Manager of Hodlnaut. I manage all the social media platforms of the company like Facebook, Twitter, Telegram, and Reddit so if you do come across any funny posts or memes, that’s all me!
Being the most front-facing employee of the company, I am responsible for portraying the company in the best possible light as I can! So if you have any other questions or concerns on the platform, don’t be shy, feel free to DM me.
Being into crypto wasn’t something I envisioned in the past. Having worked at this company for close to a year, I have learnt andexperienced so much more than what education has taught me over the past 20 years!

ID CRYPTO:
Interesting, I’m glad to know you as a social media manager at Hodlnaut. It’s an honor for us to discuss here today, Thanks for your introduction.
Q2. Can you explain what is Hodnlaut and how long your project launch !? Please explain in simple sentences.

Goh Chang Teck:
Sure, ABOUT HODLNAUT
Hodlnaut is a Singapore-based fintech startup that provides financial services to individual investors and crypto enthusiasts. Started in April 2019, Hodlnaut is quickly rising to become one of the most promising crypto lending platforms in Asia.
Our founders, Juntao Zhu and Simon Lee were Bitcoin maximalists who wanted to make it easier for individual investors like yourself to earn high interest rates on your crypto!
Our team found out that there was a high demand to earn on your crypto besides capital gains.
Through the platform, the founders aim to offer an alternative solution for hodlers where they can grow the productivity of their digital assets.
Hodlnaut is able to offer attractive interest rates to users through Interest Account by lending the asset to vigorously vetted margin traders in the form of crypto loans.
In conclusion, we want to make it very easy for you to earn high interest on your crypto, without doing much work, generating you easy passive income while you continue to work, eat, sleep or play.

ID CRYPTO:
Cool, it’s very detailed answer, Thanks you for your explanation.
Investing in Crypto assets is a good thing, and if we hold crypto long enough, Hodlnaut can make better returns with a pretty good APY.
Q3. Can you share with the community, what Hodlnaut has been doing from the roadmap?

Goh Chang Teck:
Our roadmap can easily be found on our website. But for the purpose of this AMA, I will make it convenient for everybody!
We have actually come a long way since we started 2 years ago in 2019!
In 2021 alone, there were several milestones like:

  • Crossing $100m Assets Under Management in January
  • The launch of an innovative feature, Token Swap, in March
  • Our second Financial Attestation of $234m Assets Under Management in April
  • Reaching 5,000 active users in May
  • Adding support for Wrapped Bitcoin in July
  • Introducing Preferred Interest Payout in July
  • Reducing withdrawal fees, launch of iOS app and introducing higher interest rates in a tiered structure in August.
    Additionally, we are introducing a promotional referral program for you to earn up to 1,000 USDC simply by referring users to join Hodlnaut! Refer your friends and family to join Hodlnaut with your referral link so you can earn when they get approved and deposit!

    In the near future, we are looking at the following features:
  • Portfolio Management
  • Automated Swaps
  • A debit card for crypto cashback
  • New networks and assets on the platform
    Don’t forget to join us and be with us on this amazing journey!

ID CRYPTO:
Quite a lot of things have been done.
That sounds really great. Thank you for sharing your detailed roadmap.

SESSION 2 ( QUESTION FROM TWTITTER )

ID CRYPTO:
Q1. What are the benefits of availing your “VIP Fixed-term Loan” when compared to a normal/standard loan? What are the advantages of the VIP Fixed-term Loan in lieu of interests and terms?
From @Faruk16128216

Goh Chang Teck:
VIP fixed term loan offers a higher interest rate as compared to normal standard loans, where rates are visible at hodlnaut.rates .
We can’t share what is the interest rate on the VIP loans, but we can say that the funds will be locked up according to a 3, 6 or 12 month period And also, a minimum of 25 BTC is required.

ID CRYPTO:
The value is very large, sir, this may only be done by institutions with large funds.

Goh Chang Teck:
Yes of cause. However, individual investors can still use our standard interest account not to worry.

ID CRYPTO:
Good, more choices would be better.
Q2. In April 2019, Hodlnaut became one of the most promising crypto lending platforms through straightforward product offerings and dedicated support. How can hodlnaut convince crypto users to get results on digital assets easily? Thank you.
From @sesuaisalero

Goh Chang Teck:
Hodlnaut is looking to be one of the first firms to be granted a license under the authorities of Singapore. Because of this, we are doing our best to comply with all the rules and regulations as best as we can, to show users that we can be trusted.
Additionally, we strongly believe in the community and feedback is very important to us, that is the reason why we make sure customer service is the top priority here. Whenever you have questions, just send it in to support@hodlnaut.com and we will be sure to assist immediately.

ID CRYPTO:
Great explanation, Thanks for your answer. I hope our community understand to your explanation.
Q3. why do you only provide loan features for institutions, and not provide this feature for individuals? will this be fixed or in the future you will also provide loan features for Individual
From @Fitry

Goh Chang Teck:
Because of risk and regulations in Singapore. In Singapore, providing loans to individuals will make it even harder to get a license because that is another regulatory landscape.
Additionally, institutions have tighter risk control protocols and we are able to have legal contracts with these institutions for us to recover funds in case of losses. In future, we might think of providing this feature for users, but we will take it step by step.

ID CRYPTO:
For the sake of the smooth flow of funds in the company, maybe this is better. But I hope your company finds a solution for this. This feature will be very helpful sir, Next question.
Q4. Hodlnaut’s mission is to increase the financial adoption of Digital Assets globally, So Will Hodlnaut partner with institutional and corporate investors to make Digital Asset protection easier, efficient and secure for investors,?
From @Vino_miospr

Goh Chang Teck:
Yes of cause, that is the reason why we partnered with Fireblocks, our wallet infrastructure provider.
Additionally, user feedback is very important for us, so we are continuously improving with every feedback given to us.

ID CRYPTO:
Q5. I wants to invest but safety first What are your security measures adopted from hacking and bugs in smart contract ? Have you conducted any audit to make your smart contract safe ?
From @bhagwandascarim

Goh Chang Teck:
Yes, With regards to this, we have actually done Financial Attestations with an auditing firm, Crowe Singapore who are one of the Top 8 Auditing firms in the world.
You can find our attestations below:
hodlnaut-partners-with-crowe-singapore
second-independent-verification-234m-crypto-assets-crowe-singapore

We are also actually growing more than 10% month on month! Users are streaming in to HODL their crypto on our platform because it is one of the easiest and most convenient ways to earn interest on their crypto.
Additionally, we are currently applying for a Major Payment Institution License with the authorities in Singapore and are currently granted an exemption to operate under the regulations set by the government – so this gives users an assurance that we are doing everything we can to comply as best as possible to government regulations and make user funds safe, and that we are growing!
You can find the link to our exemption.
That is why we are highly confident that our business will be very successful because we are very close to obtaining a license with the authorities in Singapore, making us one of the few licensed crypto companies.
Also, community feedback is very important to us! We take feedback from all our social media channels and even email, and make sure to address the concerns within 2-3 days of someone raising the feedback.
Moreover, our community has been demanding us to add new assets and networks – this is something we are working on and hopefully will be adding soon by the end of the year!
Hodlnaut, we take a security-first approach, and we do not use hot wallets (which are vulnerable to online attacks). Instead, we use Fireblocks’ multi-party computation wallet infrastructure where each user will be assigned a unique address generated by Fireblocks. When cryptocurrencies are deposited with Hodlnaut via the unique address given to our users, they are received through the Fireblocks’ secure wallet infrastructure.
On the backend, Hodlnaut will either transfer the cryptocurrencies to our self-custodied cold wallets or lend them to borrowers.
The platform runs on a secure cloud infrastructure on AWS, and all traffic is encrypted with SSL encryption. We encrypt and anonymise as much data as possible on our servers. Additionally, we use industry-standard algorithms for password hashing and procedures. We also require Two-Factor Authentication (2FA) when users log in to their account or make crypto withdrawals. Rate-limiting and Captcha security measures are implemented on certain account operations, such as your login attempts.
These are some of the measures we implement to secure our IT infrastructure:
1) Using secure AWS cloud infrastructure and encrypting all traffic with SSL encryption. We no longer support legacy encryption methods with known vulnerabilities.
2) Ensuring servers and services are continuously monitored and run the latest security updates.
3) Making sure that internal-facing applications have separate access controls and are not exposed to the public internet.
4) Ensuring that our engineers get real-time alerts to solve any issues immediately.
5) Designing our infrastructure and features to be reliable and scalable.
6) Usage of firewalls to keep our network secure Additionally, we have IT security tools such as intrusion detection to detect unauthorised access to our systems and data. Our domains are protected with DNSSEC to prevent certain types of man-in-the-middle attacks. All server connections are logged and require multi-factor authentication. Direct password authentication, as well as public connections, is not possible.
We also conduct periodic Vulnerability Assessment and Vulnerability Testing (VAPT) on our infrastructure to strengthen our security position.

ID CRYPTO:
Cool the answer is very detailed, I think you are excited to give us knowledge about Hodlnaut.

SESSION 3 ( FREE ASKING )

Henry:
Hello sir, Do you have AUDIT certificates, or are you working to AUDIT your project, to make it more secure and reliable?

Goh Chang Teck:
Yes, With regards to this, we have actually done Financial Attestations with an auditing firm, Crowe Singapore who are one of the Top 8 Auditing firms in the world.
You can find our attestations below:
hodlnaut-partners-with-crowe-singapore
second-independent-verification-234m-crypto-assets-crowe-singapore


We are also actually growing more than 10% month on month! Users are streaming in to HODL their crypto on our platform because it is one of the easiest and most convenient ways to earn interest on their crypto.
Additionally, we are currently applying for a Major Payment Institution License with the authorities in Singapore and are currently granted an exemption to operate under the regulations set by the government – so this gives users an assurance that we are doing everything we can to comply as best as possible to government regulations and make user funds safe, and that we are growing!
You can find the link to our exemption.
That is why we are highly confident that our business will be very successful because we are very close to obtaining a license with the authorities in Singapore, making us one of the few licensed crypto companies.
Also, community feedback is very important to us! We take feedback from all our social media channels and even email, and make sure to address the concerns within 2-3 days of someone raising the feedback.
Moreover, our community has been demanding us to add new assets and networks – this is something we are working on and hopefully will be adding soon by the end of the year!

Wendi:
Do you have any social media such as Medium, Discord, Twitter, Facebook or websites ?

Goh Chang Teck:
Yes.
Hodlnaut.medium.com
Twitter.com/hodlnautdotcom
Facebook.com/hodlnaut
Instagram.com/hodlnautdotcom

Khắc Bảo:
Will every country in the world have a chance to be part of Hodlnaut services? How many countries are involved currently?

Goh Chang Teck:
Our service is available worldwide, except for countries that are sanctioned!

Temitope Awoyinka:
Can you please give a short but detailed information about the
“HODLNAUT’S ANDROID USER REFERRAL PROGRAM”
Is it still available by now, and how can I start referring friends and family to be entitled to rewards ?

Goh Chang Teck:
Sure, It’s still available.

  • earn 100 USDC for referring 2 users to join and deposit on the platform for tier 1
  • earn 20 USDC per user up to 1000 USDC for subsequent successful referrals.
    You don’t have to deposit funds to start, just sign up!

Fendddr:
Do you have any

  1. Telegram Group
  2. YouTube channel
  3. Tiktok Channel
  4. Website
    For this project? From where we can learn something??? Please share with us link!!!

Goh Chang Teck:
Yes, your admins will share at the end of the ama.
T.me/hodlnaut
YouTube.com/c/hodlnaut
Tiktok.com/hodlnautdotcom
Www.hodlnaut.com

MORE DETAIL ABOUT Hodlnaut

Website
Twitter
Telegram

Oezank
Oezank is a Crypto Influencer who has more than 2 years of experience observing Crypto projects and strongly believes in blockchain technology in Indonesia.