Without a developer wallet, the community receives incentives to work together to meet its goals. There are an estimated 80–110 developers and contributors working on the project for free.
Hoge Finance does not have a developer wallet built into the coin, nor does it have a revenue structure.
HOGE token the first DeFi meme coins to complete a CertiK audit. This is the first step towards the HOGE DAO. In case you missed it, Hoge officially registered as HOGE Association in Switzerland, making it a flexible non-profit legal entity recognized in jurisdictions worldwide. It is billed as “a new DeFi crypto that focuses on memes, puppies & charity.” HOGE is an ERC-20 coin (a token regarded as the technical standard for all smart contracts built on the Ethereum blockchain and used for token implementation) and bridged to the Binance Smart Chain (BSC). Hoge Finance was launched on 7 February 2021 as a deflationary “ Doge but DeFi” – or, “Doge but without the problems” – cryptocurrency token. What is Hoge Finance and what's been driving the token's price? In this article, we look at the project’s latest developments and the volatile Hoge Finance (HOGE/USD) forecast for the years ahead. The community-driven crypto is a deflationary decentralised finance (DeFi) token that aims to push the price higher over time to reward holders. HOGE is the latest cryptocurrency to play on the popular Dogecoin meme. It is now sixth with a market capitalisation of around $48m in the league table of meme coins behind the likes of Shiba Inu and Dogecoin. Meme coins tend to driven by cultural issues or trends rather technical cases which can make forecasting even more challenging. On 28 October it hit a high of $0.0007. Today (11 January) it has lost another 15% and is at at $0.0001213 - that's 85% off its October peak. Notice that the real HOGE lives on Ethereum, not Binance Smart Chain.Meme coin HOGE, the cryptocurrency of Hoge Finance, had a stunning wax in October but has been on an agonising wane ever since. Since its launch, HOGE has gotten a copycat, which raises an interesting point about crypto projects: because developing your own project is so easy and this market is not regulated, we might see more of these parasitic tokens. HOGE supports and encourages this in various ways like developing the NFT Platform, opening the Gaming Lab for public game creation, launching eSports community, with the plans to expand the ecosystem even further. Burning the tokens increases the remaining supply’s value, while autostaking motivates HOGE holders to use it often, since every transaction benefits everyone.Īs many other meme tokens, HOGE is being driven by active community participation like meme making, public discussions, art creation, etc. The founders describe this token redistribution process as autostaking – to get rewards, the holders don’t have to do anything except have HOGE in their wallets. To achieve this, HOGE founders introduced a 2% tax on every transaction, which is split between the burn address and all the HOGE holders. HOGE is a deflationary asset, which means that its circulating supply is constantly decreasing. 1 trillion coins, which is the max supply, were minted with half of it burned at launch. HOGE is an ERC-20 Ethereum-based token fair launched as a “ DOGE but DeFi” meme currency on February 7, 2021.
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