Seeking to increase public confidence, transparency, and awareness of HOGE, the community members commissioned an audit from crypto security company CertiK, and raised donations to secure exchange listings. Community members also have locked liquidity to guarantee the execution of transactions during the project’s early days. For that reason, the project positions HOGE as a community-driven token through its fair launch. Given the burning mechanism and the fact that no additional tokens will be mined, HOGE’s circulating supply will only keep reducing over time.Īdditionally, the whole team behind Hoge Finance is working toward their common vision of DeFi, which involves mass adoption. Half of the tokens were permanently burned right away, and now the circulating supply stands at around 40% of the initially launched amount. Like Bitcoin ( BTC), HOGE may increase in value as it becomes scarcer.Īll one trillion HOGE tokens were distributed through a fair launch, which means everyone had equal access to them from the beginning. With the automated burning mechanism, the diminishing supply slowly increases demand. As a result, the circulating supply decreases and users benefit from the increasing rewards. More transactions would mean more tokens are burned and distributed. As such, 2% of each HOGE transaction is distributed and burned, which reduces the total supply after each transaction. This redistribution is integrated with the project’s token-burning mechanism, which redistributes 1% of each transaction amount to the holder’s walletand burns another 1% from the same amount. With auto-staking, a redistribution of rewards incentivizes HOGE holders. HOGE is a deflationary auto- staking token powered by DeFi. HOGE trades at $0.00035643 per token with a circulating supply of around 400 billion, for a market cap of around $40 million. The academic background of his education includes data analytics and mathematics, and his professional experience includes business development for several UK-based companies.Launched in February 2021, Hoge Finance (HOGE) is a community-driven decentralized finance-based ( DeFi) project that adopts a deflationary model for its ERC-20 meme token HOGE (formerly Hogecoin). Moreover, he has experience creating urban forestry training programs.įlorin Podaru is another co-founder and head of business at the Hoge Foundation. His experience as a developer and consultant has helped him build a software company to improve public works productivity. Marc-Antoine Belair is one of the co-founders and the head of operations at the Hoge Foundation. You can find the current and the previous HOGE price on it. Interested in acquiring Hoge Finance tokens? Make sure to check the Hoge Finance price chart before doing that. HOGE tokens can be used to support charitable causes on the #HogeSavesTheAnimals campaign.HOGEMint was developed by the HOGE community to allow the minting of NFTs using HOGE tokens.HOGE tokens are used for sponsoring eSports and Rally Racing Trucks.HOGE crypto assets can be used as collateral on various DeFi protocols.The following are the main use cases of Hoge Finance coins: In other words, the token itself does not contain a developer wallet or revenue structure. There was no team allocation for HOGE coins when it was launched as it is a fully decentralized community project. As part of HOGE's core values, the association maintains the project's independence, ensures its growth, empowers its members through education, and expands access to the entire community. The projects don't just involve blockchain technology – they extend to other industries as well. A number of community-driven projects have been launched by the Hoge community, including the NFT Marketplace, Hoge University, Hogeswap, and the Hoge Aerospace Institute. In addition to HOGE's diverse applications, its members are able to come up with a huge variety of ideas. This helps to maintain the Hoge Finance price.Ĭheck out the current HOGE price on the Hoge Finance price chart above. All wallets that have HOGE outside of exchanges receive the remainder. 1% of that tax is transferred to the burn wallet and permanently taken out of circulation. Every transaction involving HOGE is subject to a 2% tax. The HOGE token is deflationary, as it has an integrated burn mechanism. The token operates on the Ethereum blockchain based on the ERC-20 token standard. The project is fully decentralized and governed by the community. HOGE is another dog-themed meme token in the crypto space.
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