Hoge Finance (HOGE) Review 2022

Hoge, dubbed as “Doge but DeFi”, is a decentralized crypto ecosystem built around a token with deflationary features.

The HOGE ecosystem is rapidly developing in 2022, the project has an extensive roadmap and an ambitious community – so it’s worth the attention of crypto enthusiasts seeking new opportunities in DeFi and trading.

Hoge Finance (HOGE) Review 2022

About Hoge Finance (HOGE)

Deflationary tokenomics is the core concept behind Hoge Finance. There is a 2% tax on each HOGE transaction that is split as a weighted distribution between all holders and the burn address. Currently, about 1.2% of HOGE from each transaction is burned to increase the asset scarcity, and another 0.8% redistributed to ERC-20 holders following every transaction, incentivizing them to store the token. Each Hoge transaction increases its value: the shrinking supply pushes its price up while holders get more tokens. It has burnt over 20% of its total supply in under 15 months

All HOGE users are eligible for the redistribution: all you need to do is to keep the tokens in your wallet, and this is how you gradually receive more and more HOGE. As of April 2022, there are almost 68,000 Hoge holders. The token is decentralized: only 3 addresses keep above 1% of the supply. Hoge is also on 54,000 watchlists on CoinMarketCap.

Hoge Finance was launched in February 2021. It is present on Ethereum (ERC-20 format), Binance Smart Chain (BEP-20), Polygon, and Fantom blockchains. HOGE is the first meme token to pass the smart contract audit by the Certik security firm: it was monitoring the code 24/7 and didn’t find any serious vulnerabilities.

hoge finance

Top 3 wallets holding the HOGE token. Null address is where 1% from each HOGE transaction is sent to burn the tokens. Image source

Hoge Finance (HOGE) Team

Hoge was created by a group of anonymous developers: they launched the token, provided liquidity, encouraged investors to join, and left the project in 3 days. Since there are no rewards for founders and no dev wallets, such a move cannot be considered a security: Hoge creators disappeared just like Satoshi Nakamoto in the early days of Bitcoin.

Today, Hoge is managed by its community with the support of Hoge Inc, as well as the legal entity named Hoge Swiss Association that includes experienced professionals in crypto and law. Its goals are to promote the Hoge ecosystem, maintain its operation, empower the community, partner with all kinds of organizations to complete the development goals, and broaden the reach and accessibility of Hoge.

HOGE does not have a developer wallet, and all its devs are community members. Hoge is governed by the Hoge DAO and uses voting to implement the proposals made by the community.

Hoge Finance (HOGE) Roadmap

Hoge Finance was launched February 7th 2021 and was the fastest growing ERC-20 token at that time. Here’s what the project has achieved in 2022: Hoge had its first official community DAO vote to establish a community leadership structure as well as a constitution to be governed by. The importance of this move can not be understated the result of the vote was 99.8% in favor. HogeSwapBSC.com launched which is Hoge’s BSC token swapping platform, Hoge.store the official merch store went live, they broke ground on The Land Of Hoge metaverse being built in NFTWorlds, NFT minting program was established. The HOGE token is being used as the voting mechanism.

Here are some of the plans for 2022:

  • Further development of HOGE DAO. The decentralized autonomous organization was launched in 2021, and the current goals include:
    • Establishing the DAO Voting and Membership App. The application will be tested, adjusted according to the community feedback, and then officially launched.
    • Community War Chest: Hoge will generate capital and liquidity, establish a smart contract “war chest” with limited human interaction.
  • Confirm to the community that Top 5 Exchange funds are being held only for their purpose which is a top tier exchange– this will be executed via Executive Order.
  • Asset transfer: transfer remaining assets (such as hosting, media and industry accounts etc.) to the new Leadership team bringing administrative control under one roof.
  • Establish Ecosystem bylaws and requirements for new projects to be part of the Hoge Ecosystem.
  • Creation of a Leadership wallet that can be used for limited discretionary funding of key project activities. Cannot exceed 25k.
  • HOGE Smart Contract Ownership will provide clarity on ownership of Hoge Smart contracts via Executive Order. The community will also discuss if V1 or V2 best serves our needs and objectives.

Hoge Finance (HOGE) Network

Hoge Finance is a token running on Ethereum, BSC, Fantom, Polygon, and Gnosis blockchains. Its deflation features increasing the value of the token are strong incentives for Hoge holders and newcomers. But it’s main draw is that Hoge is open source and allows anyone to create a use case and use Hoge to bring value to the community.

Hoge is a community-driven meme token: the users are active on its official Twitter, as well as the HOGE.NATION forum. In the latter, there is of course a meme thread with publications made by community leaders and the “Meme Nation” members.

Other projects within the Hoge ecosystem include charity, NFTs, gaming, and music.

Charity

Charity is what the Hoge community is dedicated to. One of the events was an Animal Shelter Charity competition where shelters from all around the world could apply. The winners received custom NFTs, were promoted on social media, and selected for donations from the Hoge community. On the present list of charities where Hoge users donate, there are animal shelters and organizations for kids who lost their parents or children with special needs.

NFT

Hoge has issued an NFT collection called The HOGE Moments. According to its description, “every community member should have a HOGE moment in time.” If a user wants to issue a custom NFT, they can do so using a HogeMint tool.

hoge meme

Image source

How to Mine Hoge Finance (HOGE)

All Hoge Finance tokens were minted upon its launch, and you can’t mine them as they run on Ethereum and other blockchains. There are two ways to get HOGE:

  • Buy it on ChangeNOW or any CEX or DEX listed below.
  • Hold the already existing tokens and receive new ones that the protocol redistributes via a 2% tax on every transaction.

Hoge Finance (HOGE) Value Data

HOGE has experienced three major price peaks since its creation in 2021: the first one happened right after launch, and the remaining two took place amid the major crypto bull runs last year. These spikes happened on a $0 marketing budget, hoge has a passionate community.

hoge stats

Image source

The HOGE price is $.000048 as of the last days of April 2022. With 400 billion tokens in circulation, the HOGE market cap is $19.4M, which puts it at the 762nd position on CoinMarketCap.

Although the Hoge value dynamic may not look as optimistic, its price is still almost +7,000% compared to the initial level. The current decrease reflects the overall bearish sentiment present in the crypto market. Moreover, many ecosystem projects such as Hoge DAO, Hoge Swap, and liquidity pools are still in early stages of development and may unleash the potential of the token. Also, the deflationary model of HOGE is supposed to drive its value up in the long-term.

How Can I Buy and Trade Hoge Finance (HOGE)?

Hoge is available for trading on centralized and decentralized exchanges, as well as non-custodial crypto platforms. The largest CEXes where you can buy and trade Hoge include Gate.io, BitMartm, and BKEX; the most renowned DEXes for Hoge are Uniswap (Ethereum) and PancakeSwap (BSC).

You can also buy and sell Hoge for 350+ assets instantly on ChangeNOW.

Hoge Finance (HOGE) Wallets

Hoge is a token running on Ethereum and several EVM-compatible networks, so you have a wide choice of wallets where to store it.

If you want to buy HOGE on one of the decentralized exchanges or provide liquidity into a pool, you need a Web3 wallet that supports this functionality – MetaMask and Trust Wallet are the best options.

If you wish to store HOGE together with the rest of your crypto portfolio (not just Ethereum tokens), install NOW Wallet. This lightweight mobile wallet with an intuitive interface is available for Android and iOS, and it allows you to store over 500 crypto assets at one place. You can get HOGE without leaving the wallet using a swap tool powered by ChangeNOW, as well as buy or sell the token for fiat. NOW Wallet is non-custodial, so no one else has access to private keys that allow you to control your crypto.

Hoge Finance (HOGE) Crypto Exchanges

You can buy HOGE on ChangeNOW without registration in just a few clicks. ERC-20 and BEP-20 versions of the token are available. Our exchange service is non-custodial: you don’t have to create an account and delegate your private keys to us – only set the currency that you want to buy HOGE with, enter the amount, and send the calculated sum of crypto from your wallet. There are no hidden fees: all charges are already included in the estimated rate. You can buy HOGE with 350+ coins and tokens.

Hoge Finance (HOGE) Summary

HOGE is a deflationary token that rewards users for storing it: Hoge has a smart burn .8% from each HOGE transaction is redistributed among all holders, and another 1.2% is burned to maintain the price of the token and make HOGE deflationary. Hoge Finance is managed by the community with support from Hoge Inc; it operates as a DAO with the community building a custom dApp for it.

The token has an extensive roadmap that includes, organization, merchandise, NFTs, Hoge Swap, liquidity pools, fiat on-ramps, staking, and new exchange listings. If the Hoge deflationary model proves its concept and the roadmap milestones are implemented, the token may greatly increase its value. You can buy HOGE on ChangeNOW without registration and hidden fees.

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