YouHodler to start referral program
YouHodler, a well-known crypto investment platform, has announced that it is launching a bonus and referral program for users. The new program coincides with the company’s fourth anniversary.
- YouHolder is a platform that allows you to earn interest on your crypto assets. You can also borrow crypto funds from the platform to invest and pay back with interest – think of it as a peer-to-peer lending platform.
The platform did not provide many details about its new bonus and referral programs. He says the program is still in the testing phase and will be released “very soon”. But, following the precedents of other crypto investment platforms, it is likely that YouHodler will reward users for referring more users to its platform. What is unclear is the size of the reward pool.
It looks like YouHodler is putting a lot of pressure on despite the recent downturn in the crypto market. This year’s crypto market crash wiped out more than $2 trillion in value, and the losses were compounded by a decline in market confidence following the recent insolvency of FTX, one of the five major crypto exchanges.
YouHodler recently cut loan interest rates on its platform by a significant margin to improve demand for credit and help customers in a bear market. The platform has also lowered the fees it charges users to maintain their loans.
YouHolder started in 2017 as an app that allowed users to trade cryptocurrencies. It started lending soon after its launch and issued its first loan in 2018. Since then, the platform has grown to facilitate millions of dollars in loans per year – users can borrow a minimum of $100 $ of different tokens, such as Bitcoin, Ethereum, Solana, etc.
Along with its new referral program, YouHodler announced other changes such as a revamped interface and more flexible loan repayment options. The company says the new referral program may not be available in some countries at an early stage, but did not provide details.