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Hoge Finance

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Hoge Finance[edit]

Hoge Finance is a cryptocurrency created on the Ethereum blockchain that means it is an ERC-20 token. It entered the crypto market on February 15, 2021.[1] It was created as a DeFi token with a deflationary currency. An audit was conducted on Hoge Finance by Certik on February 16, 2021.[2]

Deflationary Currency[edit]

The token reduces the generell supply by 1% every time a transaction is conducted and distributes another 1% among all network participants with an active wallet holding tokens. The total supply is 1,000,000,000,000 tokens.[3]

Currently the circulating supply is 406,962,988,432. [4]

Current market capitalization is around $40,000,000 USD [5] and this is before any major marketing campaign. It achieved a all time high market capitalization of near $400 million USD [6]

Details on the Project[edit]

Tokenomics[edit]

The official whitepaper of Hoge Finance explains the principles of their tokenomics as following:

The Hoge ERC20 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.

We can then show an example of what this looks like in practice, for example we will give the HOGE owner address 0x0HOGE a value of 1,000,000,000 Hoge and a new buyer the address of 0x0HOGENEWBUYER with a value of 0 Hoge. The address 0x0HOGENEWBUYER will buy 1,000,000,000 HOGE and this will be shown what happens in the following example[1] .

  1. 0 x 0 HOGENEWBUYER wants to buy 1,000,000,000 HOGE on Uniswap and swaps eth for HOGE with 5% slippage to account for the 2% distribution
  2. 0 x 0 HOGENEWBUYER distributed 8,722,051 HOGE to active wallets and burned 11,277,949 HOGE on the swap from ETH to HOGE, with a total cost of 1,020,000,000 HOGE plus uniswap liquidity pool fees and ethereum gas fees.
  3. The holder of the address 0 x 0 HOGE total went from 1,000,000,000 HOGE to 1,000,020,000 HOGE by holding the token in their wallet.[7]

Contract[edit]

The official contract address, as mentioned in the whitepaper, is:

0xfad45e47083e4607302aa43c65fb3106f1cd7607[7]

References[edit]

  1. "Hoge Price Analysis". Coinpedia. Unknown parameter |url-status= ignored (help)
  2. "Certik Audit". Certik. Unknown parameter |url-status= ignored (help)
  3. "Hoge Finance Official Site". Hoge Finance. Unknown parameter |url-status= ignored (help)
  4. https://coinmarketcap.com/currencies/hoge-finance/
  5. https://www.moneycontrol.com/news/business/cryptocurrency-meme-coins-are-now-worth-33-billion-7153181.html
  6. https://www.coingecko.com/en/coins/hoge-finance
  7. 7.0 7.1 Finance, Hoge (2021). Whitepaper. Hoge Finance Team. Search this book on

Hoge Finance[edit]


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