
Hoge Finance
Crypto Overview
Overview
Hoge Finance is a DeFi cryptocurrency launched in early 2021 that implements an auto-staking mechanism where 1% of each transaction is burned and 1% is redistributed to existing holders. The project aims to be a deflationary decentralized finance token with community governance.
Purpose and Utility
The primary stated purpose of HOGE is to serve as a deflationary store of value with automatic yield generation through the redistribution mechanism. The project has expanded its utility through NFT marketplaces, charitable initiatives, and community-driven development.
Business Model Analysis
The core business model revolves around the tokenomics that encourage holding through automatic redistribution. The project is community-owned and operated, with no pre-mine or developer wallets. Additional utility comes from NFT platforms and community governance.
Real-World Adoption
HOGE has an active community and is listed on multiple centralized and decentralized exchanges. The token is primarily used for trading and holding for redistribution rewards. Community initiatives include charitable donations and NFT projects.
Development Activity
The project maintains active development through community contributions. Recent updates have focused on NFT platforms and expansion of use cases. The development is community-driven rather than managed by a central team.
Token Distribution
HOGE launched with a fair distribution model with no pre-mine. Tokens were initially available to all participants equally, and the supply continues to decrease through the burning mechanism. No significant wallet concentrations have been identified that would suggest founder enrichment schemes.
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