Now, the token is offered on centralized and decentralized exchanges, offering ease of accessibility. 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. 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).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |