BUIDL is a term that, while not as well-known as HODL, is extensively used within the crypto community. Following in the footsteps of HODL, BUIDL is likewise a misspelling of a word – build, but on purpose this time.
What Is BUIDL?
BUIDL, like “HODL,” is a twisted version of the word “build.” Instead of passively holding, BUIDL is a call to arms for growing and contributing to the blockchain and cryptocurrency ecosystem.
The BUIDL movement argues that rather than just acquiring or trading cryptocurrencies, people should begin contributing proactively to aid adoption and strengthen the ecosystem in which they have invested.
BUIDL is designed to encourage cryptocurrency community members to actively contribute to a coin’s growth, rather than passively holding and hoping for the best, and expecting someone else to do the heavy work. If you truly believe in the future of cryptocurrency, you must contribute to the development of crypto and blockchain-based apps that will be used.
This can be accomplished in a variety of ways. It might be through the use of bitcoin as digital currency, smart contracts, or different sorts of dApps. Of course, the big players like Bitcoin and Ethereum are doing well for themselves, but the BUIDL movement claims that certain projects do require user participation to get off the ground.
The origin of the term is unknown, although major players in the crypto business have used it in recent years. In 2018, Ethereum creator Vitalik Buterin mentioned it in a tweet touting the Ethereum foundation’s virtues. The word was also used to refer to a blockchain conference in South Korea, which was held in 2018.