Consider investing in new $HOGE Finance DeFi Cryptocurrency

Hi everyone on Sythe,

Today I'm going to cover this new cryptocurrency Hoge Finance and why it might make sense to invest some money into it.


Coin Overview:

Hoge Finance is a deflationary cryptocurrency launched a little over a month ago built on the Ethereum network. The main concept is it is built around internet subculture and derives its value from internet adoption. It's not revolutionary in terms of technology or capabilities, but if you've heard of DOGE, you can know that underlying technology does not necessarily drive long-term value, and "meme adoption" can go a long way. What this token does that Doge does not is it solves the problem of the fact in the long run, DOGE holders get diluted as the supply cap endlessly grows.

According to the whitepaper, "There will never be more HOGE in circulation than there is now. Every time a transaction takes place with HOGE, 2% of that transaction is distributed and removed or “burned” from the total supply. This increases the scarcity of every HOGE in circulation. What this means is that every time HOGE is used, the value of the remaining HOGE in circulation is increased by simultaneously decreasing the supply (deflation) while also distributing HOGE to everyone using the token"

To make it simple, imagine each time you send 100 coins, 1 is forever burned from the supply, and 1 is distributed back to the existing holders. That is how HOGE works.

I won't get too into the weeds here, but over time there is a concept of Smart burn that adjusts after a certain amount is already burned to make it economically feasible for transacting.

The biggest benefit is overtime for holding you benefit from a shrinking supply & gaining "dividends" from the 1% distributions from other user's transactions.

Coin Roadmap & Tracation

This coin is looking to do quite a few ambitious things, ranging from a browser game, an open-source crowdfunding platform, tons of meme generation. One big part of the roadmap is building the Hoge eCommerce system, allowing NFT (Non-Fungible Tokens) to be generated.

So far to date, the coin has gained some recognition, getting listed on the WhiteBit Exchange and Coinmarketcap tracking. The primary way to trade the token is through UniSwap at the moment.

Despite being a new coin, there already are quite a few people getting on board.

March 9th - 8620 holders

March 12th - 17451 holders

Today - 30000+ holders

The price action is starting to go explosive from no value to already a 10th of a penny.

Investment Thesis:

For me, I'd like to preface that I am bullish on cryptocurrencies as an asset class. I would assert that it is my underlying assumption they will offer a superior return over other asset classes. With that said, on a relative basis to other cryptocurrencies, I feel this coin will outperform for a few reasons:

1. Meme adoption - Before laughing off this, take a moment to ponder how many "meme" investments have outperformed in the last few years. Whether it's weed stocks or Elon's memes about doge coin or even Gamestop, the markets heavily reward those who are holding onto these high-risk investments. This token benefits from the fact its underlying technology does not have to replace any other cryptocurrency. It can drive value from the widespread subculture references and adoption.
   
   
2. Burn Mechanics - As stated before, the 1% burn + 1% redistribution will benefit this coin increasingly over time. For example, even if this coin gets "pumped and dumped," it benefits from the lower nominal USD value, the more coins get burned. (I.e., sending your friend $100 with 100 coins at $1 burns more tokens than sending your friend $100 with 50 coins at $2) This unique feature is not commonly seen elsewhere and why people can get caught "holding the bag."
   
   
3. Low Valuation: This coin trades at about 1/20 to 1/10th of a penny right now. The market cap is $225m (at a recent spike, closer to $500m). Compared to Doge coin's $7. 5 billion valuations, it's super cheap on a relative basis. This token could go to 10x or 20x and still be a lower market cap.
   
   
4. NFT Attraction: The market is throwing money at anything NFT related. This token has plans outlined to adopt it in Quarter 2 of 2021. The mere speculation or news related could result in a higher valuation.
   
   
5. Cryptocurrency growth: As the asset class rises, this coin could benefit from a general increase in investments.
   

Risks:

- Cryptocurrencies are volatile and worth what people will pay. This coin could lose 100% of its value overnight if everyone stops using it.

- The current gas fees on ETH make it expensive to conduct transactions relative to other crypto alternatives. I'd argue that this is a temporary issue, though, and there are going to be workarounds.

Useful Links:

Feel free to access and read the whitepaper here: Hoge Finance

The etherscan to monitor prices and holders is here: https://etherscan.io/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607

For a guide to buy: https://www.reddit.com/r/hogefinance/comments/m2h2h5/guide_how_to_buy_hoge_coin_noob_friendly/



TL-DR: $HOGE is a new cryptocurrency with a 250 million market cap that may go up 10 to 20x as it seeks to replicate what Doge does but in a more beneficial manner with a burning feature.

 

Hi everyone,

I made this post about 5 days ago and wanted to give an update. Yesterday, they made an announcement they established a legal entity in France to represent Hoge. This is bullish as it paves the way for more adoption & exchange listings.

As of 3/21/2021 the current price is up at 40% to 0.00035 with a market cap of 150m.

This price point is still extremely attractive as it could go to 1cent (2775% increase) and still have a market cap lower than DOGE coin. 4.1b vs 7.5b

Anyway, it could go to zero but that potential upside is worth having some money in it for me

 

Where do I buy it? I want to buy all coins under $1. and alot of them. I got the $$$$$$$ to spend. Point me in the right direction