Hoge Finance Cryptocurrency (HOGE)
HOGE is the ERC-20 meme token of the Hoge Finance platform. There are some unique features associated with this token. Firstly, the maximum possible number of tokens is currently in circulation. Secondly, it is stated that 100% of the HOGE amount belongs to people and exchange services. There is no developer wallet or any other structure that is under control.
HOGE adheres to a deflationary type of economy. By reducing supply on the one hand and increasing demand on the other, it is easier to regulate the price. It is also interesting to note that each transaction is subject to a 2% fee. However, there is no ban on trading volume. All this makes this token attractive as a store of value, and also gives it all the necessary functions for use as collateral.
Hoge Finance rate chart against the dollar (HOGE/USDT)
History of the Hoge Finance project
The project was launched on February 7, 2021. Since the project aims to be completely decentralized, all team members were anonymous. However, four of them later revealed their names to the public:
- Joseph Niehaus. Researcher and software developer. He was one of the first to join the HOGE project and became the head of the technology and NFT programs.
- Zach Issaa Al-Kharusi, Head of Talent and Culture. A developer with an impressive track record in his previous job.
- Marc-Antoine Belair. Developer and consultant, as well as co-founder of a software startup. Got a job as head of production at HOGE.
- Florin Podaru. He has experience in mathematics and data analysis. Worked as a project manager and business developer in several companies. Became the head of business in the HOGE team.
It is mentioned that HOGE (like many other dog-themed cryptocurrencies) was inspired by Dogecoin, but it has its own characteristics.
Advantages of Hoge Finance (HOGE)
- Passive income. HOGE token holders receive rewards every time they make transactions, making it an interesting tool for accumulating some income.
- Shared governance. This project actively involves users in governance. Hoge claims that there is no single team that makes all major decisions.
Disadvantages of Hoge Finance (HOGE)
- < b>Not unique. It seems that Hoge Finance is not much different from most meme coins. The only feature that can set it apart from the rest is the ability to get something simply for owning tokens.
- There are no clear goals. For a project to develop, it must have a vision of the desired future. All that can be found in the white paper: “What Mickey Mouse did for the Disney brand, HOGE will do for Ethereum and DeFi.” This may sound nice, but it does not explain any possible changes to the platform in the future
