Hoge Finance
Crypto Overview
Project Overview
Hoge Finance (HOGE) is a community-driven DeFi cryptocurrency launched in February 2021. The project implements a deflationary tokenomics model where 2% of each transaction is burned and another 2% is redistributed to existing holders.
Purpose and Utility
The primary stated purpose of HOGE is to serve as a deflationary currency with automatic yield generation through token redistribution. The project aims to create a decentralized financial ecosystem and claims to be building various applications including an NFT marketplace and educational platforms.
Business Model Analysis
The core mechanism of HOGE involves token burning and redistribution, which does not inherently conflict with Islamic principles as it represents actual asset ownership and transfer. The project's development efforts appear focused on building legitimate use cases rather than pure speculation.
Real-World Adoption
While adoption remains limited, HOGE has established partnerships with various organizations and maintains an active community. The token is listed on several major exchanges and has implemented various initiatives including NFT collections and community governance.
Development Activity
The project maintains regular development updates and community engagement through social media channels. While marketing comprises a significant portion of activities, there is evidence of ongoing technical development and ecosystem expansion efforts.
Token Distribution
HOGE launched with no pre-mine and no tokens allocated to the development team, suggesting a fair launch model. The token supply is distributed among holders, with no single entity controlling a majority of tokens.
Crypto Impact
To assign a comfort level investing in Hoge Finance from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Hoge Finance.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.