The official guide to buying Hoge Finance (HOGE) Review

HOGE is an ERC-20 token that enjoys all of the hype of a meme coin while bringing unique utility to the Ethereum network.

HOGE Finance has broken all the expectations about itself after debuting as a meme coin clone of DOGE. Since then, the project has taken on a life of its own and combined all its previous capabilities as a meme coin with seamless yield farming. Add holding incentives for the project’s investors to the already working formula, and HOGE has set itself up for success.

HOGE is an ERC-20 crypto token based on the Ethereum blockchain network. While the crypto token has a healthy supply and a steady value increase, it cannot be purchased directly through most crypto marketplaces or with fiat currencies. One must first purchase Ethereum (ETH) before one can hope to trade it for HOGE tokens. But that’s a small sacrifice to own a piece of the technology fueling the scalability solution for the Ethereum problem.

What is Hoge Finance?

HOGE is a community-led DeFi coin that aims to expand the ERC-20 standard. The network also uses burning strategies to control the supply of its 1 trillion released tokens. Half of the coins were burned and effectively absorbed back from circulation after their first launch day. The coin aims to combine yield farming with the present meme coin structure.

The project team ran with the DOGE dog logo and used it as the icon for the crypto tokens. Since then, the project has been funded through its community’s investment in merch and its inclusion in Web3 video games. The developing team has hopes that this marriage with the video game industry will evolve once they add donation features to their platform that will allow HOGE holders to directly fund indie video games with their token. This is a compelling use case for the token. The community will be involved in the video game creation process both in the game development phase and the initial investment rounds.

HOGE has evolved far past a simple meme coin, born from an internet joke, and its developers have developed multiple Dapp games on top of the standing blockchain technology. The HOGE Game Labs was founded with this in mind and has further aims to integrate the technology with the DeFi ecosystem.

Aside from the developing teams’ apparent affinity for the indie game market, the primary feature of HOGE is its devotion to rewarding its investors for holding its tokens. This means that for every token burned, those that hold HOGE tokens will receive a reward. This is done due to HOGE’s basis on the Proof-of-Value protocol, which relies on decreasing token supply as it pertains to tokens in circulation. 1% of coins are burned during each exchange, while another 1% is rewarded to holders to ensure that the token shortage is maintained and increased. This ever-shrinking supply of HOGE means that every holder needs to maximize the use of the token.

“The basic concept of HOGE is quite simple. It is a deflationary currency, managed by the community and based on memes. It’s like DOGE, but DeFi. The coin has 1% burning and 1% redistribution, so everyone who holds a token in a standard ETH wallet is constantly farming the coin,” said the founder of HOGE during the AMA session with the Satoshi Club.

Is HOGE crypto a good investment?

There are no certainties when it comes to the world of cryptocurrency. There is, however, risk mitigation. HOGE Finance started its journey in the crypto race as a meme coin, but it has evolved past that since its initial launch. That alone is noteworthy. As with anything, it is essential to do independent research before investing money into a crypto project and keep track of the HOGE coin fluctuations.

One thing that needs to be understood about meme coins or crypto projects that start as meme coins, most of them still need to be developed with long-term growth in mind. That means they can bring their investor X1000 returns in weeks or even days while allowing them to lose 99% of their investment in the medium to long term.

Its utility sets HOGE apart from other projects with their origins in the meme world. This brings a certain level of speculation and chaos to the project and its value. A large and devoted community can aid this speculative value. Despite the lousy prediction on the token’s foundation as a meme coin, it still has a lot of potential due to its community and utility. Recent price predictions place the valuation of the token at $0,13 by the end of December 2022 from generous crypto analysts. This is an overly positive prediction, but it does inject a certain level of optimism into the market for HOGE investors.

How do you buy Hoge Finance?

Step 1: Register on a Crypto marketplace

Buying HOGE requires you to trade another cryptocurrency (ETH or BTC) for it. You need to open up an account on a crypto marketplace to purchase cryptocurrency. This account requires to be registered and verified to enable a successful trade.

Step 2: Buy crypto coins with fiat money

Once you’ve set up your account successfully, you can deposit money into your crypto account. This money will be deposited as fiat currency (US dollar, euro, or pound). You can use this currency to trade for cryptocurrency, preferably Ethereum (ETH).

Step 3: Set up a crypto wallet

The next appropriate step is to set up a crypto wallet. For Ethereum, the best crypto wallet to choose is MetaMask. This wallet must then be linked to a DEX (decentralized exchange) to trade ETH for HOGE.

Step 4: Buy HOGE on UniSwap with ETH

UniSwap and Pancake are perfect DEX accounts to open and trade HOGE on. You will access this exchange and link your crypto wallet before trading ETH for HOGE finance.

Last step: Store HOGE securely in crypto and hardware wallets

Congratulations, you own some of your very own HOGE. The next logical step is to store it somewhere safe where only you can access it. Your best option is to store it in a secure and encrypted crypto wallet. This can be a digital wallet like MetaMask or a hardware wallet like a USB or external hard drive. This external hardware wallet will store your crypto wallet address, information, unique key, and recovery phase.

Where can you buy Hoge Finance (HOGE)?

1. Gate.io.
2. Swapzone.
3. DEX: UniSwap and PancakeSwap.
4. Binance.
5. Coinbase.

Should you buy HOGE?

Gone are the days when HOGE was a forgettable meme coin amongst a million other worthless crypto tokens. The developing team has put much thought into the future of HOGE. The project is going to be more involved in the DeFi ecosystem. The other, perhaps more fun way to think of the future of HOGE, is that its developing team hopes for it to become intertwined with the development of indie video games. That sets this project apart from meme tokens that have no built-in utility.

Suppose HOGE’s development sticks to its current strategy and its community continues to support HOGE finance. In that case, HOGE could see a continuous increase in coin value in the medium to long term.