ARBIHODL came to be as a result of a series of honeypot contracts being discovered by the lead developer. A Honeypot is a contract in which any wallet can purchase the contract’s tokens through a decentralized exchange (DEX). However, for any reason (inability to approve the contract, owner- only transferFrom functions, etc.) all wallets except those whitelisted by the contract owner are unable to sell the tokens through the DEX. After trading activity slows down, the developer will perform an action to take profits; like minting additional tokens to drain the liquidity pool of the ETH/Token pair, thus netting whatever additional ETH had been sent to the liquidity pool as people bought in. The investors are left with worthless tokens, while the scammer runs away with the liquidity. Analyzing honeypots proved to be a fruitful endeavour. Laws of physics dictate that every action has an equal and opposite reaction. Therefore, for each honeypot, there had to exist, a reverse honeypot.
This is how ARBIHODL Finance was born. A first-of-its-kind feature project, ARBIHODL allows wallets to purchase tokens through a DEX with no limitations. Upon the wallet’s first ”sell” transaction, it will be blacklisted and any future transfers where the wallet would be the receiver, are going to be rejected by the contract. However it is worth noting that a wallet can always sell their tokens.
While there is fun to be had in the meme-like aspect of reprimanding people for having “paper-hands”, the constant chanting that “swingies get the rope”, the truth is that there are far greater implications to the reverse honeypot mechanism. The DeFi crypto-sphere is plagued by front-running bots that take advantage of transactions which use high-slippage during buys and sells. These bots will constantly monitor transactions and will buy tokens quickly while paying high-gas fees in order to obtain queue priority for their transaction. Once the original buyer makes their purchase, further increasing the value of the tokens due to the liquidity pair ratio changing in the pool, the bot will sell its tokens immediately obtaining a minuscule profit. At the same time this leaves the high-slippage buyer with fewer tokens than they would have received had there been no bot involved.
By blacklisting the seller’s address, ARBIHODL ensures these bots are unable to make multiple front-running transactions. Additionally, community members can rest more easily knowing that once high-volume “whale” wallets sell all, or some of their tokens, they cannot buy back in with the same wallet. The project team is not so naïve as to think that this mechanism will stop people from buying back in with new wallets, but we do anticipate that the little effort that it takes to create a new wallet, in addition to paying gas fees for multiple transactions, will at least deter some people. We also believe that there are additional undiscovered benefits and uses for the reverse honeypot mechanism and know that our strong community is well suited to discover them.
Tokenomics
Ticker — ARBIHODL
Maximum token Supply — 1,000,000 Tokens
Contract Address —
Token Distribution
A maximum of 5 Eth is to be raised through presale/seed investor round, which is offered at a 20% discount to public sale price at launch.
Note: If the minimum amount of presale has not been met upon close of presale deadline, the public sale portion of the token would be offered at the same valuation by burning the proportionate tokens unsubscribed relative to the public sale.
10% — Team wallet (Liquidity Locked)
10% — Marketing Wallet
80% — Added to Liquidity and Locked for 1 month
