User:Rodriguezrp000/sandbox/Hoge Drafts

HOGE Finance
From Wikipedia, the free encyclopedia

HOGE Finance is a is a deflationary cryptocurrency. Every time a transaction takes place with HOGE, 2% of that transaction is distributed and removed (i.e. "burned") from the total supply. This increases the scarcity of every HOGE coin in circulation. What this means is that every time HOGE is used, the value of the remaining HOGE tokens in circulation is increased by simultaneously decreasing the supply (deflation), while also distributing HOGE to everyone using the token. As a result of this, every single HOGE holder has an incentive to spread the use of HOGE as much as possible. As more transactions take place on the network, the individual net-worth of all who own a piece of the network increases as well.

History
Many new meme tokens that start out with a small market cap are subjects to pump and dump schemes and unfortunately HOGE was no exception. However, when the dust settled, what was left was a creative and dedicated community of people from all walks of life spontaneously working together to achieve something. The truth is we enjoyed it so much that we decided to stay and dig in our heels to make this work. No matter how long it takes. The beauty of it is, because of the design behind the HOGE tokenomics (and our desire to meme until a potential bitter end), any pump and dump scheme will only make us stronger!

Purpose
If we have learned one thing from DOGE making its way into the top 10 cryptocurrencies by market cap, it’s that there is plenty of room in the crypto space for a token whose value rests on internet subculture. After all, why shouldn’t we have our own token that we can use and exchange amongst ourselves? DOGE is extraordinary in this aspect. However, as DOGE is inflationary by design, its tokenomics are questionable. As the number of Dogecoins in circulation increases, their individual value may diminish over time. This is where HOGE comes into play. There will never be more HOGE in circulation than there.

Tokenomics
The HOGE ERC-20 token has a 2% reflect amount each transaction. We can calculate the payout and burn from the following formulas. The total minted tokens of HOGE is 1,000,000,000,000 (1 trillion) with 500,000,000,000 (500 billion) burned on the initial mint.

Exchanges
1inch, BigONE, Bilaxy,BKEK, Uniswap, WhiteBIT