Funded on february 7th 2021, Hoge has been the first deflationnary redistributing meme token of its new era. Its crazy success even surprised its original devs who sold their tokens way too early before the OG CTO.
HOGE launched with the intention of simply being a deflationary “Doge but DeFi”. However, community vision stewarded the project toward a more utilitarian roadmap.
HOGE offers creators an exciting and engaging way to delve into the DeFi space. This community-driven approach empowers HOGE holders to contribute their own value to the token. With unbreakable scarcity tokenomics supporting multiple creators, the possibilities are limitless. Additionally, holding HOGE grants you voting power on critical project decisions.
Tokenomics Explained
Every transaction involving HOGE tokens—whether buying, selling, or transferring—incurs a 2% transaction tax. This tax is redistributed proportionally to all HOGE token holders. Simply put, by holding HOGE tokens in your wallet, you'll see your balance grow over time.
The reflections you receive depend on the transaction volume and your proportion of HOGE tokens relative to the total supply. Regardless of whether there are 10,000 or 10 million holders, your share of the reflections remains constant. Higher transaction volumes result in more daily burns and reflections for everyone.
Crucially, the inaccessible BURN wallet, holding over 60% of the tokens, also receives its share of the 2% redistribution tax. This mechanism ensures that with each transaction, over 1.2% of HOGE tokens are burned, and 0.8% is distributed to active holders. This continuously reduces the circulating supply of HOGE while rewarding every holder with each transaction, indefinitely.