The way Hoard sees it

Investing, making payments and securely storing cryptocurrency is complex, prone to human error, and difficult to enter. On top of that, the industry is slow to adopt industry leading user experience design standards modern financial customers have come accustom to. Mix these difficulties with lackluster customer support channels and you’ll discover why crypto appears, from the outside looking in, only for greedy geeks.

I like money and I’m a bit of a geek. Honestly, it’s the reason why we entered the digital age which lead us to Bitcoin. But I’m also a front end developer, UX architect, and visual designer and I clearly see disparate products and experiences littered all over crypto. I want to help! I created Hoard.

From our community…

I’m tired of waiting a week to receive my currency. I’m tired of waiting weeks for KYC verifications, only to fail and be forced start over. I’m overwhelmed with exchanges, I’m not a day trader. Can’t I just swap my coins. Can I pay you in Litecoin? What does order book mean? I lost my private keys. What private keys? My hard drive crashed. $200 hardware for $50 in crypto? I can’t find my paper wallet. WTF is a paper wallet? Why are the fees so damn expensive. I’m not sure they got my payment. I copied the wrong address. I’ve lost my coin. I was hacked. FML Crypto!

While these are truly growing pains they’re also real human problems we intend to solve. Hoard is here!

Where we go from here

What Hoard has to offer isn’t individually novel or unique to the industry. But collectively, it’s never been done , or done right, and we think it’s time. Combining specific core components of the digital currency economy, Hoard is help folks overcome many of the cryptocurrency obstacles that still plague our communities.

Below is a list in long form exactly what Hoard offers and a great precursor to why Hoard’s needs a platform token.

Invest Spare Change. No this idea doesn’t require a token to operate. However, it’s the lowest barrier of entry. Micro-transactions give Hoard the ability to minimize KYC, in some cases, bar it altogether. Secondly, it’s effortless. Link and account and go on living your life. We round up spare change based on your daily spending and invest in the cryptocurrency of your choice on autopilot. Hoard gives the investor flexibility to choose one coin, split into multiple coins, or select pre-made coin baskets built by industry pros. For those wanting more than spare change, Hoard offers one-time and recurring drafts as well as Fed Wires. A closes competitor is lawnmower. Are they still in business? And Acorns which gave us the idea.

Multi-currency wallet. Naturally, this fits. If you’re investing in different cryptocurrencies you should have a wallet for each coin. Wallets come fully baked with everything you need and nothing you don’t. A closes competitor is… There’s a few but they don’t come close.

Hoard currency exchange. Yes, Hoard has it’s very own digital currency exchange. This gives us the leverage most don’t have. Our exchange is also unique. It’s market priced and coins are instantly available in your wallet upon purchase, using either crypto or fiat. We’re simplifying the buying and selling of cryptocurrency by making it accessible and simple. A closes competitor is Coinbase. No, we’re not using their API’s.

Instant cryptocurrency swaps. Swap NEO for LTC, LTC or IOTA, IOTA for BTC. All swaps happen instantly and the coins are sent to or received from your wallet automatically. A closes competitor is Shape Shift.

Payments

Digital currency payments platform. While the above is pretty exciting in and of itself. I’m most excited about the payments platform. Peer to peer payments, along with decentralization, was a foundational aspect of the creation of Bitcoin. No middle man, no authority, no wait times, just peer to peer.

Hoards putting a familiar face to peer to peer payments. By including your networks; social media, friends, family and co-workers. Sending money is comfortable, infallible, and free. No need to copy/paste addresses and risk a misstep. No long confirmation times, Just choose a name, select any currency, enter a value and tap send. The currency is instantly available in the recipients wallet. Better yet, they’re not a Hoarder like yourself. Just use their cell phone number to begin the transaction instead.

Payments are an intrinsic part of the wallet. Every transaction type is logged and displayed in a conversational dialogue. You’ll always know what’s going on. It’s only a natural fit that we expanded Hoard into a payments platform. You and your network are there, buying, investing and swapping. Let’s include sending.

Commercial payments. Its Hoards long term vision to incorporate business and merchant services, tied directly to the network, making payments for goods and services efficient and effortless. With this direction, Hoard will be creating a developer platform and API to offer integration services. A close competitor is OMG.

CSaaS Cold Storage as a Service

I’m not sure if anyone’s ever “coined” the phrase but this is what we call Hoards Next-Gen storage and security protocol. What we’re trying to solve for is loss of assets. Loss of assets happens in many forms. We’re all familiar with theft/hacks. But what about losing your paper wallets, your private keys, even your passwords. What about lost or damaged hardware or hard drive crashes. Love that ledger? Say it was stolen. How do you resolve your losses? Aside from the sensitive nature of storing your coins somewhere, coin in cold storage can take time to shift from place to place if you’re looking to make your investment liquid in a hurry.

Hoard’s CSaaS aims to solve for these issues by offering a cold storage GUI and transfer service. Buy/Invest in coins and lock them down, off network, indefinitely. Away from theft, or the risk of damaged or lost keys/hardware. You can also automate your cold storage by quantity or value from gains. You control the flow in and out. Need to liquidate quickly. Sell your coins from with your cold storage stockpile without ever touching the exchange. Simple and seamless. Not exactly sure of many competitors in the space.

On the Blockchain side

Hoard is currently building it’s dApp enabled, smart contract based, PoS protocol based off the Ethereum blockchain. We’re taking things a step further by creating a new protocol, centered around investments other than our native platform token, that provides a mining capability of our native network token… say what? I’m going to be slightly ambiguous until we’re further down the line with testnet. But we on the team think it’s just a pretty damn cool idea. Most agree.

OAR. Our token is OAR. Oar is used as gas to fund the transactions across the platform. At every transaction, OAR is burned. It’s either gas or your hard earned dollar bills, which do you prefer? We felt like helping the network meet the transactional needs of the blockchain through staking was the best route to take. Earn OAR based on stakeing algorithms and transaction volumes. OAR is used for nearly all transaction types on the network. If we’re the wallet, and the exchange, and the payments platform and you’re the end user staking OAR, it just works. No fees!

As far as how many tokens, their initial cost, and when we go live, etc… All will be determined over the course of this month. Somewhere along the lines of 160m — 320m. We’re spending the majority of our time developing and designing. I can say public release sprints kick-off 9/11. First release is slated for 9/29 (private, invitation-only event). The following release is 10/20 and the following release after that is 11/11 (when we’re opening doors to beta test). Expect a public app and token sale sometime in late November.

We’d love to hear your thoughts and ideas.

Sincerely,

Jason Davis — founder

HoardInvest.com