In fact, the cryptocurrency only appears to have rallies when the project generates publicity. Cryptocurrency is currently in a little bit of a bear market and HOGE has not fared too well during it, either. The project had a lot of initial hype before dying down. To highlight this lack of leadership, the Hoge NFTs have not had any level of success – only 0.03 ETH worth of NFTs from the collection have been traded. It is supposed to be a community led project, so perhaps this is by design. Our problem is that the team does not appear to have much leadership behind it. We like memecoins and community building cryptocurrencies like Hoge Finance. Note: The price is so low because of the 402 billion supply of HOGE. HOGE All Time High Market Cap: ~$312 million (October 31, 2021) Here is some basic information about the price, market cap, and other relevant information HOGE. There will never be a higher supply of HOGE than the supply at the present time.
This makes HOGE a deflationary token, which is the opposite of most memecoins. A 2% tax is collected on every transaction – 1% is distributed to all wallets holding HOGE and 1% is burned. Hoge Finance has fairly simple tokenomics. Hoge Finance actually hired a lobby firm to represent them, but it is still interesting that someone represented them at Congress for the hearing. Yes, Hoge Finance did speak to Congress in December when Congress was considering adding regulations to DeFi. One of the doxxed members is an atmospheric research scientist Dr.
It’s reassuring that some members decided to dox themselves as anonymous founders can sometimes make investors hesitant. Some of them have doxxed themselves and some of them prefer to stay anonymous. Hoge Finance was founded by a team of developers on February 7, 2021.
We like the immense focus that they have put on community and memes. The Hoge Finance team certainly understands that community is a critical aspect of growing a cryptocurrency project.
#Hoge finance buy update#
Unfortunately, the NFT minting program appears to be dead with the last update coming in August 2021. Other aspects of Hoge Finance include meme submissions, minting NFTs, a forum, and an NFT marketplace. Instead, the project relies on anywhere from 80-120 contributors to its GitHub repository. There is no developer wallet in this project. The final stage of the plan involves launching a DAO that will govern the decisions of the Swiss non-profit organization.Īs for the development team, Hoge Finance does not have a paid development team.
The project has a Swiss non-profit organization that manages any brand associations or partnerships that Hoge Finance would like to enter. Hoge Finance is a memecoin, but it’s a memecoin that has built a solid community around it based almost entirely on memes. You should do your own research before making an investment into any cryptocurrency. You should not take anything in this article as investment advice, though. This article will offer a comprehensive review of the token, the project, and whether or not it’s a worthwhile investment. The coin considers itself a memecoin – the name Hoge is a combination of the words “hold” and “Doge.” Hoge Finance is an ERC-20 token that has garnered some attention due to a clever marketing campaign and hiring a lobbyist to testify before Congress about potential crypto regulation.
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