So, what is HOGE crypto? Is it a meme-powered cryptocurrency? Is it a non-fungible, deflationary auto-staking token? Can it be a legitimate investment? Let’s dive into some of the basics. HOGE is a community-driven project. The token is currently deflationary, but that’s expected to change soon. The goal of this project is to help underfunded causes.
HOGE is a meme-powered cryptocurrency
HOGE is a meme-powered crypto project that combines frictionless yield farming and memes. It is the first meme-powered coin to successfully complete a CertiK audit. The project also has a philanthropic roadmap, minting NFTs for its token holders and sponsoring eSports and Rally Racing Trucks. It is also looking to expand its ecosystem beyond cryptocurrency by becoming a global brand.
The community-based Hoge token is a decentralized autonomous organization that involves HOGE holders in governance. In addition, it has implemented cross-blockchain bridges to XDai and Gnosis Chains. It also passed a Certik audit, which confirms that it is indeed a meme-powered cryptocurrency. Moreover, it is the first meme-powered coin to complete an audit by the reputable CertiK.
It’s a deflationary auto-staking token
One of the most popular cryptocurrencies is HOGR, or Hogre. This deflationary auto-staking token has a large community and a high degree of liquidity. Its main purpose is to reduce market supply and increase demand. Scarcity attracts investors and makes the coin more valuable. Hyper-deflationary tokens are similar to pyramid games that came into vogue during the previous year.
In traditional finance, deflation means a decrease in value of an asset due to over-minting. Deflationary tokens, on the other hand, have a positive side: they help cryptocurrencies thrive by removing excess tokens from circulation. By burning tokens, deflationary coins restore value to the market. If you’re new to crypto, this may sound like a bad idea, but the benefits of a deflationary auto-staking token can outweigh the downsides.
It’s a non-fungible token
A non-fungible token is a digital unit of data on a blockchain that is tied to a physical asset or digital image. These tokens are uniquely identifiable and serve as a means of ownership authentication. They can be tied to digital images, songs, avatars, exclusive merchandise, or physical assets, and are thus useful for a variety of purposes. In many cases, non-fungible tokens will be useful for investment, such as in digital art.
Non-fungible tokens are transforming society and redefining our understanding of how to transact and save money. From art to finance, non-fungible tokens are causing a paradigm shift in every area of life. In fact, NFTs are so disruptive that they are now making waves in a variety of fields, and will likely be mainstream by 2021. They have become the source of confusion and hype for some, but in the long run, they’re set to become an important asset in our financial system.
It’s a community-driven project
Hoge Crypto is a community-driven project. To date, the Hoge community has raised more than $60k in donations for underfunded charities. Unlike other crypto projects, this one hasn’t faced any problems with regulatory oversight. Since its founding, the project has been supported by over 80-110 developers and contributors, all of whom work for free. Unfortunately, without any revenue model, many developers and contributors aren’t motivated to stay on board.
The project is led by Joseph Niehaus, who holds a Ph.D. in Atmospheric Science and is actively involved in research on aerosols. Niehaus also has more than 12 years of experience as a software developer. Zach Issa Al-Kharusy is the project’s Head of Talent. He brings with him a wealth of experience in running successful agricultural businesses, diversity councils, and Salesforce implementation.
It’s a higher-risk investment
While Bitcoin, Ethereum, and Hoge crypto are higher-risk investments, they are also safer. These coins are backed by actual use cases, such as Hoge Finance, which provides the infrastructure necessary to exchange them. You can also store Hoge crypto on a dedicated hardware wallet, such as a Ledger Nano X. You can also use a mobile wallet, such as Atomic Wallet or Coinomi.
In a recent article for Tech News Leaders, the team analyzed the HOGE token and the digital economy behind it. They found the token’s competitiveness and potential real-world applications. The digital economy is growing rapidly, and the community behind Hoge is supporting the growth of the economy. This is an excellent reason to invest in HOGE, but it’s also a higher-risk investment.