HOGE, previously known as Hoge.Finance or Hogecoin, is a pioneering community-driven DeFi auto-staking ERC-20 token with a deflationary and capped supply. It was fair-launched on February 7, 2021, with no token allocations for the team. Initially, HOGE had a supply of 1,000,000,000,000, half of which was permanently burned at launch. This unique crypto project has grown to be more than just a deflationary "Doge but DeFi": it is now geared towards philanthropic and utilitarian initiatives.
Deflationary Cryptocurrency
A unique aspect of HOGE is the 2% tax imposed on every transaction. One percent of this tax goes to the burn wallet and gets permanently removed from the supply, while the remaining 1% is distributed to all wallets holding HOGE outside of exchanges. This deflationary structure is intended to encourage holding of the token and reduce the total supply over time.
Security and Transparency
HOGE is one of the few DeFi memecoins to have successfully completed a Certik audit with no critical, major, or medium findings. This audit's results are a testament to the project's commitment to providing a secure and transparent platform for its users.
Expanding its Horizons
Beyond being just a cryptocurrency, HOGE has diversified into other areas of interest for its community. It has started minting NFT's for its holders and sponsoring eSports and Rally Racing Trucks. In the attempt to enact community-approved actions for the token, a Swiss verein non-profit DAO hybrid was created.
Philanthropic Initiatives
HOGE has launched the #HogeSavesTheAnimals Twitter campaign under its non-profit partnership initiative. Through this and other related initiatives, the HOGE community nominates charitable causes to support, particularly those aiding animals. To date, HOGE has raised over $20,000 for animal charities.
Exploring Further Developments
The HOGE team is currently exploring dApp games development through HogeGameLabs, aiming to tap into the potential of blockchain gaming. This move signifies the team's commitment to innovation and development beyond its initial DeFi offerings.
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