![]() ![]() Hoge community members who work professionally in finance and law created a nonprofit, Swiss Association, in Zug, Switzerland, just like Ethereum has. Hoge Finance has recently evolved and matured into a more formalized and structured entity. Only then can one realize the meaning of the phrase ‘Hoge Memes Business.’”Īs new people become involved, they volunteer their unique talents and skills. “Hoge is young and no single person has the imagination to predict the totality of what it will achieve. “Hoge was born out of the underbelly of internet subculture,” says Marc-Antoine Belair, a freelance developer and consultant who is listed as a team member on the Hoge Finance website. Trust is much harder to come by than money. Community is always much harder to replicate than code. However, there is no replacing the original. These trust-building measures worked so well that they triggered an explosion of copycats. Since February, the community members who stepped forward to take responsibility have continued to affirm the sincerity of their intentions. Donations were raised from the community to secure exchange listings, thus increasing the visibility, awareness and reach of the Hoge coin. Many leading developers publicly revealed their identities. They also commissioned an audit from the leading cryptocurrency security company, Certik. This guaranteed investors the ability to buy and sell for several months during that crucial early period. To build confidence for investors by making a rug pull impossible, members of the community locked liquidity. Ultimately, the goal of the community is to serve the public by demystifying decentralized finance, which in coming years will disrupt the banking industry as email did to the postal service. More volume means more rewards, and faster burn, which makes the token more rare and valuable.Īs exciting as that is, the deflationary “tokenomics” are only the beginning of what gives Hoge value. In other words, Hoge is autostaking, and each holder benefits from the redistribution rewards that are taken from every transaction. This makes remaining tokens more valuable over time and gives Hoge an even more compelling "store of value" use case than Bitcoin's. Six months after launch, less than 41% of the original supply remains. The amount of Hoge coins the community of investors currently own accounts for the total circulating supply and it decreases with every buy and sell. Unlike Bitcoin, new Hoge cannot be mined or created. Hoge is a fair launch project everybody buys in. Part of that tax is reflected back to current holders, and part is burned forever making Hoge a deflationary cryptocurrency asset. “Holding Only Gets Easier” is a commonly used acronym in the community.Īccording to its white paper, “Hoge is an ERC20 token on the Ethereum blockchain that has a 2% tax on every transfer. While Doge is inflationary and investors fight against the current, Hoge strongly benefits the kind of long-term holding that community formation requires. To break this cycle, one meme coin called Hoge took a unique approach. Not every new token is a scam, but it is so commonplace that change is clearly needed. This is a form of betrayal that hinders trust and credibility with mainstream audiences. Developers pull liquidity and the ability to buy or sell is removed, making the tokens worthless (called a “rug pull”). For everyone else, it's a game of hot potato. They’re a losing proposition for everybody except the tiny few who are lucky enough to get there first. Unfortunately, many of these new tokens end up staying down. Asset-based markets go through familiar up and down cycles each and every day. Price fluctuations are routine in most markets. That’s simple to do, but most people aren’t familiar with the process yet.īecause of how unbelievable these returns are, it should be obvious that much of this price growth is unsustainable. They are only available to buy on decentralized exchanges such as Uniswap. Generally, these speculative tokens can't be purchased on mainstream sites like Coinbase. ![]() Meme coins following in the tradition of Doge sometimes see price increases of 10 or even a hundredfold in a single day. But some adventurous traders have been enjoying far greater returns. Most investors enjoy the relatively safe gains offered by major cryptocurrencies such as Bitcoin. Though Bitcoin is down from its recent highs in April, long-term investors are still up more than 250% for the year. It’s no secret that cryptocurrency has enjoyed tremendous popularity this year. ![]()
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