Hord (HORD) Gets Listed on KuCoin!

Dear KuCoin Users,

KuCoin is extremely proud to announce yet another great project coming to our trading platform. Hord (HORD) is now available on KuCoin. Supported trading pair is HORD/USDT.

Please take note of the following schedule:

• Deposits Effective Immediately (Supported Network: ERC-20)
• Trading: 10:00 on April 23, 2021 (UTC)
• Withdrawal: 11:00 on April 25, 2021 (UTC)

Project Summary

* The key metric numbers are calculated as at April 22, 2021

Hord is a protocol to create and trade ETFs, also known as tokenized baskets.

There are two key participants in Hord: (a) Champions and (b) their Hord. The Champions are market-leading influencers, funds, or strategy-based traders. Champions broadcast their portfolio data, which is used by their Hord.

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 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's then distributed to 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 Hord DEX, an orderbook decentralized exchange.

Official Website: https://hord.app

Whitepaper: Click to view

Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.

Regards,

The KuCoin Team

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