Bitcoin Forum

https://i.imgur.com/ghj0j9L.jpg

Neverlose.money (http://Neverlose.money) is a lock-up smart contract that enables users to lock-up their long-term cryto assets and earn bonus whenever some users withdraw their funds within the lock-up period. This contract works as below:

• People can lock-up their Bitcoin (WBTC), Ether (WETH), or HUNT asset with a set target period from 3 months to a maximum of 10 years.
• While the user continues the lock-up, he/she will get a bonus based on the effective share whenever some users fail to continue and withdraw their funds within the set lock-up period.
• They can withdraw their fund anytime they want, but they will get charged a 10% penalty + 3% treasury fund if they break and withdraw the fund WITHIN the set lock-up period.
• The 10% penalty will be spread to the other active assets as a bonus

Also, users earn WRN, a governance token of the Neverlose.money platform. WRN tokens are distributed to those who have active lock-up assets proportional to each effective asset value.

Site: https://neverlose.money/
Contract address - https://etherscan.io/address/0x7edBE5aF30Ba6Ba2DE9EdDc72C2f585D1B0D5775
Github repo - https://github.com/Steemhunt/neverlose.money-contract
Docs - https://docs.neverlose.money/
Discord - https://discord.gg/8zpebQrr4K

Dashboard
https://i.imgur.com/3proyh0.png

Lock-up interface
https://i.imgur.com/qZDNoMu.png

Explorer (look up all transactions via Neverlose.money)
https://i.imgur.com/AysKaia.png

How can I know more about your project?

You can find more info on the official documentation here: https://docs.neverlose.money/

What is the minimum investment?

There's no minimum amount, but you should probably consider a high transaction cost on Ethereum network these days.

Do I get it right - this is a sort of a staking program? But, compared to projects that offer staking option, you are just a fund holder, while they  provide staking (holding) their own token or coin.

So the question is - if they pay for staking with their own altcoin, where you get funds for paying for holding ? Only from penalties if other users withdraw? Otherwise it looks like a Ponzi scheme.

Why would people wish to hold funds in your service, if then can hold them in their own wallets?

The bonus is generated from other users’ penalty so it is not guaranteed.
It’s not a staking service, it is a smart contract that holds users’ fund.
So it’s like a hodling game between users (hodling winners take losers’ penalty)

So what’s better compare to holding in their own wallet?
1. You can (probably) get bonuses if you’re going to keep the fund for a set period of time anyway
2. The penalty may help you from impulsive selling on high fluctuating market (help long term investment)
3. You can also get WRN token distribution that will be used for the protocol governance and community later

Thank you for your reply.

Can I invest my litecoin?

How can I earn WRN token?What is the current price?

WRN token is being distributed based on the effective lock-up shares on each pool.
Currently it's only traded on Uniswap at $2.64, but the price is meaningless as it doesn't have enough volume.

Check more info about WRN distribution here:
https://docs.neverlose.money/getting-started/faq#how-are-wrn-tokens-distributed

Do you have any bounty?I would love to participate.

We run a bug bounty program for Neverlose.money:
https://docs.neverlose.money/getting-started/bug-bounty

and we also run few bounty marketing campaigns on Nomadtask as well:
https://nomadtask.com/

I want to try your platform.Can I Invest for only 6 months?

Yes, the minimum duration is 3 months and you can choose between 3-120 months.

Ok, it is more clear when I saw a WRN token part. Though you were going to distribute only "penalty bonuses"...
Yet again, as I understand, WRN is not traded and when and where it is going to be traded no one knows (there is not whitepaper or roadmap). Except Uniswap. But we all know what Uniswap is - place where everything can be listed, traded, exchanged. Paradise for scammers. I'm not accusing you of something, just making it is more clear for others so in future no one will confuse or misunderstand your project.

Do you have any telegram group?

Yes, but it's not only for the Neverlose.money, but the parent project (HUNT)
https://t.me/steemhunt

We have a separate group for Neverlose.money on Discord:
https://discord.com/invite/8zpebQrr4K

I like the idea but there are still some fundamental questions I will like answers to.
1. How do you pick he tokens to lock in your smart contract
2. Who bear the lose if the smart contract is hacked, if the fund locked starts growing significantly it would attract hackers to the platform
3. What happen when one of the smart contracts of the tokens locked is hacked and people are now dumping the tokens
4. Who are you guys? can we know you

1. How do you pick he tokens to lock in your smart contract
-> We're developing a community governance system, so users will be able to vote on what token pool they wish to add

2. Who bear the lose if the smart contract is hacked, if the fund locked starts growing significantly it would attract hackers to the platform
-> I will quote the footer sentence on the website:
"Even though the smart contract is audited and thoroughly unit tested, you may still encounter an unexpected issue.
Please do your own research before you interact with the protocol and use it at your own risk. We are not liable for any financial loss."

3. I guess that's very unlikely happens because all current lock-up pools (WETH, WBTC, HUNT) are based on a common ERC20 implementation.
If those token contract got hacked, that means probably most ERC20 tokens in the world would become worthless.

4. Our team is developing blockchain related apps and services since 2017. You can see more info on:

https://token.hunt.town/

You can also check the team member info on the Whitepaper attached on the footer.

Can you add your team member in thread.So everyone can see.Thanks

Neverlose money seems very good for longtime investor.I have a question Is there any hidden fees or charge?

Not hidden but, the fees are:

1. In addition to the 10% penalty on broken lock-ups, 3% of fund goes to the treasury (No penalty or fee at all if the lock-up is matured).
100% of those funds collected from the broken lock-ups are converted into HUNT tokens and burnt quarterly
(more info on "HUNT Burning Mechanism" section on the website: https://token.hunt.town)

2. Like any dApps, you should pay the gas fee on writing transactions

Can I use Neverlose money KYC?

How Neverlose money solves the issue of trust and loyalty?

How can get I HUNT asset?https://i.imgur.com/ghj0j9L.jpg

You can claim the bonus (if any) from the dashboard interface anytime.
Example:
https://i.postimg.cc/28BFkPZQ/image.png