10/5/2023 0 Comments Hoge finance review![]() Once again, this high was only fleeting, and HOGE descended aggressively.īefore we move on to our Hoge coin price prediction, let’s summarize the key events in HOGE’s lifespan: However, the Hoge crypto price skyrocketed in late 2021, returning over 910% between September and October. This high was short-lived, with the Hoge coin price decreasing over the following six months. Within two weeks of launching, HOGE’s price had surged an impressive 223%, hitting a high of $0.00052. Hoge coin was first launched on a cryptocurrency exchange back in May 2021, although it is now available on exchanges such as Uniswap, PancakeSwap, and Gate.io. This is one of the most appealing aspects of Hoge coin, as it implies that the developers were not in the project to make a quick buck. Notably, the development team did not receive a token allocation at launch, instead opting to purchase their tokens on the open market. Like most cryptocurrencies, HOGE is entirely decentralized and owned by community members. Hoge coin takes the opposite approach since the token’s supply will gradually decrease, making the remaining tokens scarce and more valuable. Those who buy Dogecoin will know that DOGE falls into the latter category since the token’s total supply can increase through mining. ![]() This process makes Hoge coin ‘deflationary’ rather than ‘inflationary’. Half of this tax income is distributed back to token holders, whilst the other half is burned forever. The primary mechanism that helps HOGE achieve this is a 2% tax on every transaction. As detailed in the Hoge Finance whitepaper, HOGE is an ERC-20 token hosted on the Ethereum blockchain that implements unique tokenomics to incentivize holders not to sell.
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