When you create a new self-custody wallet, you’ll be given a recovery phrase that consists of 12 random words. The recovery phrase is the key to your crypto, meaning anyone with your recovery phrase has access to your crypto. Please note that this analysis is purely base on HOGE’s historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies. Click on Connect Wallet if you haven’t done so already.
Hoge Finance (HOGE) is a deflationary cryptocurrency. Every time a transaction occurs with HOGE, 2% of the transaction is allocated and burned from the total supply. Hoge Finance is a meme coin trying to become the next DOGE, with a few key differences. It has a limited supply, and in every transaction, 1% of the value of that transaction gets burned. This makes the token rarer and rarer on every transaction in an attempt to make it worth more. Another 1% of the transaction gets distributed amongst holders.
A couple of years ago, meme coins came into the light and gained a lot of popularity and fame in the crypto community. Other than the community, who are either traders or miners, there are people who know about meme coins. Basically, it started when Elon Musk started promoting meme coins, such as Dogecoin, with the help of many personalities and influencers. HOGE, like most cryptocurrencies, is completely decentralized and is owned by members of the community. Notably, the product team did not acquire a token allocation at launch, instead choosing to buy tokens on the open market.
Hoge Finance (HOGE) Current Price
All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. There are other platforms like Swapzone, SwapSpace, DEX, and others. And in every platform, the first thing that you must have to do is open an account. The main reason behind creating this coin is to make a marketplace that will be self-stabilized. It offers every single person the opportunity to have the experience of winning.
One must first purchase Ethereum (ETH) before one can hope to trade it for HOGE tokens. But that’s a small sacrifice to own a piece of the technology fueling the scalability solution for the Ethereum problem. This unique redistribution system (for each transaction) means that 2% from each transaction on Hoge would be redistributed to users holding HOGE tokens inside their wallets. Moreover, the extra 2% from the transaction would be burned so it would reduce the (overall) supply of HOGE.
As a result, traders and investors are always looking for price forecasts down to the smallest detail and want to know the answers to these frequently asked questions. Suppose HOGE’s development sticks to its current strategy and its community continues to support HOGE finance. In that case, HOGE could see a continuous increase in coin value in the medium to long term. As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies.
Crypto exchanges are where users can buy, sell, and convert different cryptocurrencies. Here you can find list of all HOGE exchanges where you can buy and sell Hoge Finance, trade crypto risk management HOGE with other cryptocurrencies including stablecoins, and fiat currency. You can search by exchange name to find out if HOGE is available on your desired crypto exchange.
As the burn increases, the redistribution decreases in %. Because Hoge Finance is one of the smaller cryptocurrencies, it’s not available on any U.S.-headquartered crypto exchanges. That makes the buying process more complicated, but, considering the likelihood of losing money on Hoge Finance, that’s probably a good thing. Passive income is automatic with Hoge Finance as long as you store your HOGE tokens in a self-custodied crypto wallet. If you do, you’ll receive your share of the 1% cut of every transaction reserved for HOGE token holders.
How do you buy Hoge Finance?
This has caught the attention of experienced investors. HOGE has evolved far past a simple meme coin, born from an internet joke, and its developers have developed multiple Dapp games on top of the standing blockchain technology. The HOGE Game Labs was founded with this in mind and has further aims to integrate the technology with the DeFi ecosystem. HOGE is an ERC-20 token that enjoys all of the hype of a meme coin while bringing unique utility to the Ethereum network.
- CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page.
- This includes the Hoge Finance decentralized exchange (DEX), as well as other hoge-related services.
- This is an overly positive prediction, but it does inject a certain level of optimism into the market for HOGE investors.
- As you already know, there are so many uncertainties, and the crypto market is full of risks.
- After you get the ETH or BTC or USDT, you can convert it to Hoge Finance.
This project levys a 2% tax on each transaction to increase the risk of price manipulation and encourage the holding of this cryptocurrency. The HOGE crypto deficit is also made possible by allocating 1% to each HOGE holder. Every time this token is used and there is a distribution to all cryptocurrency owners, the supply in the market decreases. Here you can revise the address provided and the amount of Hoge Finance cryptocurrency you will receive.
HOGE is a meme token with the power of DeFi (decentralized finance). For each purchase and sale, tokens are burned, and HOGE holders receive a share of the transaction as a reward. Don’t miss your opportunity to try and buy it on Guardarian.
Here is how to buy Hoge Finance cryptocurrency and a brief explanation of what it is and how it works. Hoge Coin has the power of De-fi (Decentralised finance), and it combines meme and frictionless yield farming. Furthermore, each purchase and sale of Hoge coin is accompanied by a token burn. If you are looking for a reliable HOGE exchange platform, Swapzone is here to assist you.
This means it can go up 40% in one day (it already did), as it can go down 40% or more down. Like in any investment, the key is to time the market, which can be pretty hard. The question here is if it’s still early to get in or not. I believe it is still early to get in; the memes are everywhere, the market cap is still low. I will not recommend it, though, for any long-term investors, since it’s a meme coin, and once the dust settles, so does the price, and nobody will ever talk about HOGE again.
The total supply was 1 trillion HOGE tokens, but 50% of these were burned at launch. There was no team allocation of HOGE tokens, and everyone who purchased it did so on the open market. There are no deep-pocketed “whale investors.” A decentralized autonomous organization (DAO) involves HOGE holders in governance.
So you’ll have to either deposit Fiat or crypto at any of the above platforms and then move ahead with buying Hoge. Meme coins rose to fame and popularity within a short period, usually due to their promotion by influential personalities or retail investors like Elon Musk. However, one striking difference between cryptocurrency and meme coins is that of utility. Cryptocurrencies were invented to solve real-world problems, but meme coins do not serve any problems of the blockchain ecosystem. This article shall throw light upon how to buy Hoge coins. We will discuss various cryptocurrency exchanges that facilitate the easy buying, selling, and trading of the currency.
You can check the price and confirm the correct token address of HOGE on Coingecko. There are many meme tokens about which there is no certainty that sooner or later more attention will be paid to them. But there is such a possibility, so they can be purchased for a small amount, which it will not be a pity to lose. HOGE is a community–managed DeFi coin with the ability to auto-stack, developed & based on the ERC-20 standard. First launched in February 2021, the first offer totaled 1 trillion tokens, 500 billion of which were burned after the first days of sales.
After you get the ETH or BTC or USDT, you can convert it to Hoge Finance. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound. A HOGE token is available on most popular exchanges, and StealthEX is one of the safest platforms. If you think about how to buy HOGE coin, you just need to provide general information and select a suitable cryptocurrency for exchange from over 350 crypto coins. Everything is secure, and you don’t have to wait much for a transaction.
One thing that needs to be understood about meme coins or crypto projects that start as meme coins, most of them still need to be developed with long-term growth in mind. That means they can bring their investor X1000 returns in weeks or even days while allowing them to lose 99% of their investment in the medium to long term. There are no certainties when it comes to the world of cryptocurrency. HOGE Finance started its journey in the crypto race as a meme coin, but it has evolved past that since its initial launch.