What is Hoge Finance HOGE? The Motley Fool

How to buy hoge coin

First, you should choose Bitcoin in the left drop-down list. There isn’t a grand plan or ambitious project behind HOGE. More than anything, HOGE is a joke currency just like Dogecoin is right now.

The only way you benefit is if other people buy in and make transactions. HOGE is an ERC20 token built on the Ethereum blockchain. For example, if you transfer 100,000 HOGE, then 2,000 would be deducted.

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That is why I instructed you to buy Ethereum first, instead of Bitcoin, for example. Click on reveal your backup phrase and write every word down on paper. Make sure you don’t save your backup phrase on anything digital. After you wrote down your backup phrase, you’ll be asked to confirm it.

How to buy hoge coin

Cryptocurrency prices can be volatile and unpredictable, and may be influenced by various factors, including market manipulation, regulatory changes, and technological developments. Cryptocurrency exchanges bring liquidity to the table, allowing people to trade in a few seconds. With a well-established exchange like Binance or Coinbase, you can trade 24 hours a day and every day of the week. Increased liquidity and gradually improving security—in both centralized and decentralized exchanges — means it’s much easier for people to trade, which helps the ecosystem grow. Our Hoge Finance exchanges table show liquidity and also rating to measure how trusted is these liquidity stats.

Step 2 – Buy Ethereum with Fiat Money

Hoge Coin can be purchased from laptops and PCs, and mobile devices, including Android and iOS systems. It can be bought using a credit/ debit card or bank transfer. It is also possible to exchange some other cryptocurrency to obtain Hoge Finance coins. HOGE has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. The platform started out as a DeFi platform with community driven core that supports automatic staking of ERC-20 token through its deflationary and capped supply. At first, the platform was created simply as a deflationary network.

Hoge coin is available for buying, selling, and trading on various cryptocurrency exchange platforms and swap platforms. Furthermore, it is a meme token, and owing to the popularity gained by such cryptocurrencies, investing in them can be a good option. However, one should not forget that the risk factor is higher in a meme coin or something with no value. Hence it is advisable that you do proper research and do not take anything in this article as financial advice.

  • They’ll ask for verification on everything you put here, so make sure you only use your real name, State, and email.
  • The platform started out as a DeFi platform with community driven core that supports automatic staking of ERC-20 token through its deflationary and capped supply.
  • The token was built in such a way that it distributes 2% to its holders and burns 2% on each transaction.
  • For example, if you transfer 100,000 HOGE, then 2,000 would be deducted.

It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the Ethereum network, during busy times it may take even longer. HOGE, formerly known as Hoge.Finance or Hogecoin, describes itself as a community-driven DeFi auto-staking ERC-20 token with a capped and deflationary supply. HOGE was fair-launched on February 7, 2021 with no tokens allocated to the team.

Hoge Finance (HOGE) Introduction

A 2% tax is levied on every HOGE transaction that takes place. ~1% of that tax is sent to the burn wallet and permanently removed from the supply. The remaining part is redistributed to all wallets holding HOGE outside of exchanges. Metamask is by far the most used walled in the world of Ethereum. Whenever you want to buy and sell cryptocurrencies or even use blockchain apps that run on the Ethereum Network, Metamask will be your best friend.

Paste your Metamask wallet address where it says ‘To.’ Confirm all the details and complete the transaction. There are many meme tokens about which there is no certainty that sooner or later more attention will be paid to them. But there is such a possibility, so they can be purchased for a small amount, which it will not be a pity to lose. At centralized exchanges — there are no intermediaries, that is, there are no increased service costs, and the commission amount is set directly by the company. And here it is quite low — only 0.01% for withdrawal of funds.

They are going to create a cryptocurrency crowdfunding platform and eCommerce/Merchandising platform to attract more users to the project. The HOGE crypto deficit is also made possible by allocating 1% to each HOGE holder. Every time this token is used and there is a distribution to all cryptocurrency owners, the supply in the market decreases.

Click on every word in the correct order, and you should be done. To finish this part, you’ll need to go through the ID verification process. Proceed, and now you’ll have to verify your email address by clicking the link on the email they sent you. If you use Coinbase Wallet on your mobile phone, you can purchase Hoge Finance directly in the app.

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But don’t worry, it’s basically simpler than making a bank transfer. Select the payment method you chose to add (If you chose credit card, choose the card you added). Confirm everything is correct and click on Buy Ethereum. Coinbase is simply the best place to buy cryptocurrency with Fiat money.

How to buy hoge coin

The project also has contests and challenges on social media for increasing the number of HOGE holders. After sending Bitcoin to the shown address, the information on the Exchange page will be renewed automatically. The Exchange page has several statuses that will change during the time of the exchange.

In other words, every time someone buys or sells HOGE, 1 percent of the value of that transaction gets destroyed. Well, if there aren’t going to be more HOGE coins out there than the current amount, that almost guarantees that prices will rise in the future. At the same time, for every HOGE transaction that takes place, another 1 percent of that value gets distributed across all of the existing HOGE coin holders. Meme coins rose to fame and popularity within a short period, usually due to their promotion by influential personalities or retail investors like Elon Musk. However, one striking difference between cryptocurrency and meme coins is that of utility. Cryptocurrencies were invented to solve real-world problems, but meme coins do not serve any problems of the blockchain ecosystem.

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Click on Connect Wallet if you haven’t done so already. In the next screen, confirm the transaction once more by clicking Confirm Swap. Now MetaMask should pop up and ask you if you want to allow PancakeSwap to spend your BNB, click Confirm. Wait for the confirmation screen until it shows “Transaction Submitted”, congratulations! After a short while you should be able to see your HOGE balance on your MetaMask Wallet.

Top exchanges where I can buy Hoge Finance?

Initial HOGE supply was 1,000,000,000,000 with half (500 billion) permanently burned at launch. Because Hoge Finance is one of the smaller cryptocurrencies, it’s not available on any U.S.-headquartered crypto exchanges. That makes the buying process more complicated, but, considering the likelihood of losing money on Hoge Finance, that’s probably a good thing. Passive income is automatic with Hoge Finance as long as you store your HOGE tokens in a self-custodied crypto wallet. If you do, you’ll receive your share of the 1% cut of every transaction reserved for HOGE token holders. It’s worth noting that Hoge Finance is far from the only deflationary token out there.

How to buy hoge coin

However, the team starts to see a bigger vision for the future of this project, including utilitarian and philanthropic purposes. It now supports NFT minting, for the token users, expanding its services and business to a wider scope. Formerly referred to as Hogecoin, Hoge Finance is created as a deflationary ERC-20 token and cryptocurrency running on Ethereum blockchain.

This account requires to be registered and verified to enable a successful trade. 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.

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