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Simple Hamster

Canada

1 Reviews
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1 review

Hodlnaut

Hodlnaut is dishonest and manipulative

I think that Hodlnaut is dishonest and doesn't care about their customers. Let me explain why. First, they baited us in buying Luna/UST by lowering the interest of the cryptos, and introducing Luna/UST at the same time. It's even in the same email, just a line after saying they lowered the rates! These are the new rates and tiers that users will earn interest in starting from 19 April 2022 (GMT+8). [New rates] In other news, we would like to inform everyone that we have started supporting TWO new crypto assets today! You can now earn interest up to 13.86% APY on UST and 6.71% APY on LUNA with our open-term deposits. To earn even higher interest rates on UST and LUNA, you can opt for our fixed-term deposits. Not sure about what is UST and LUNA? Check out our dedicated article here! Second, they never communicated properly on the Luna/UST, they just waited the last moment to say that they will suspend withdrawals by tomorrow and that they have no clue if they/we will receive anything. Finally, they said 2 days ago that: If you would like to ensure your eligibility for the airdrop, you could make a withdrawal from Hodlnaut to a Terra Station wallet via the Terra network. So I asked them to terminate my fixed deposit, they said they wouldn't give me my interests. But in today's email, they say: All current Fixed Term Deposits on LUNA and UST will be terminated with immediate effect. The principal sum and the full interest of the Fixed Term Deposits will be credited into the affected users’ Hodlnaut accounts before 26 May 2022, 5PM (GMT +8). That means that I'm screwed once again... Because they don't know how to communicate properly, they don't want to give me my interests. You are not better than Terra/Do Kwon. I hope you'll get sued too.

2022-05-26Helpful 1