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What Is Hoge Finance?

Feb 15, 2023
4 min read

This blog post will cover:

  • About Hoge Finance (HOGE)
  • Where did Hoge Finance (HOGE) come from?
  • What are the advantages of Hoge Finance (HOGE)?
  • What are the disadvantages of Hoge Finance (HOGE)?
  • How to buy Hoge Finance (HOGE) on SimpleSwap?

About Hoge Finance (HOGE)

HOGE is an ERC-20 meme token of the Hoge Finance platform. There are some unique features associated with this token. First of all, the maximum possible amount of tokens is in circulation at the moment. There cannot be more of them. Secondly, it is claimed that 100% of the HOGE amount belongs to people and exchange services. There is no developer wallet or any other structure, which is in control.

HOGE has a deflationary type of economics. With the help of decreasing supply on one hand and increasing demand on the other, it is easier to regulate the price. It is also interesting to notice that each transaction has 2% tax. At the same time, there is no prohibition on trading volume. All these things make this token attractive as a store of value, and also give it all the necessary features to serve as collateral.

Where did Hoge Finance (HOGE) come from?

The project was launched on February 7, 2021. Since the project is aiming for absolute decentralization, all team members were anonymous. However, later four of them revealed their names to the public:

  1. Joseph Niehaus
    He is a research scientist and a software developer. He was one of the first to join the HOGE project and became a Head of Technology and NFT programs. 
  2. Zach Issaa Al-Kharusy, a Head of Talent and Culture.
    He is a developer who showed impressive results at his previous job.
  3. Marc-Antoine Belair
    He is a developer and consultant, and also a co-founder of a software startup. Took a Head of Operations job in HOGE. 
  4. Florin Podaru
    He has a background in mathematics and data analysis. Worked as a project manager and business developer for several companies. Became a Head of Business in the HOGE team.

It is mentioned that the whole thing (as many other dog-themed tokens) was inspired by Dogecoin, however, it has its own peculiarities.

What are the advantages of Hoge Finance (HOGE)?

  1. Automatic passive income
    The HOGE token holders receive rewards every time they make transactions, which makes it an interesting instrument for accumulating some income.
  2. Co-governing
    This project actively involves users in governing. It claims that there is no one team that makes all the major decisions.

What are the disadvantages of Hoge Finance (HOGE)?

  1. Not entirely unique
    It seems that Hoge Finance is not very different from most meme tokens. The only feature that may distinguish it from the rest is the opportunity to get something for just owning tokens.
  2. No clear goals
    For a project to develop it must have a vision of the desirable future. All that can be found in the official whitepaper is this: “What Mickey Mouse did for the Disney Brand, HOGE will do for Ethereum and DeFi.” This may sound nice, however, it doesn’t explain any possible changes on the platform in the future.

How to buy Hoge Finance (HOGE) on SimpleSwap?

If you would like to become a member of the HOGE community, you definitely need to purchase some of the tokens. We are happy to assist you. Please, follow the instructions below:

  1. For example, you want to swap BTC for HOGE. Select the currency you want to exchange (e.g. BTC) in the first drop-down list. Then enter the amount you want to swap.
  2. Select HOGE in the second drop-down list. You’ll see the estimated amount that you’ll get after the exchange.
  3. Click the Exchange button.
  4. Enter the Recipient's Address. HOGE will be sent there. Be careful and make sure you use the correct address.
  5. Create the exchange.
  6. You will see the Bitcoin deposit address. You need to transfer the necessary amount of BTC to this address to start the BTC to HOGE exchange.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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