Hoge Finance

Halal Rating :
Comfortable
Contract: 0xfad45e47083e4607302aa43c65fb3106f1cd7607
Last Price $0.000011 Last updated:
Rank 1292
1D Change 1.11 %
Market Cap $4.4m
Circulating supply 393,401,634,711
Maximum supply 394,686,538,324

Crypto Overview

Categories
  • Gaming
  • Memes
  • Ethereum Ecosystem
  • Solana Ecosystem
  • BNB Chain Ecosystem
  • Base Ecosystem

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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