Elon Musk lets Dogecoin rise again and introduces a new coin (HUH)
The richest person in the world, Elon Musk, has confirmed Dogecoin again, increasing its price a bit. In the meantime, the highly anticipated HUH token has started.
E.Musk Dose puts Dogecoin back up before HUH hits market
Musk said on Twitter that web3 – the concept that a decentralized version of the Internet powered by cryptocurrency technology will eventually replace Silicon Valley’s Web 2.0 – “sounds like BS,” citing Dogecoin in response to a report that said high Ethereum transaction fees prevent investors from participating in decentralized finance (DeFi).
This week, Twitter co-founder Jack Dorsey announced that he is leaving the social network to focus on Web3 development and that his payment company Square has been renamed Block. Dorsey has previously advocated a decentralized internet rollout and has been the driving force behind Twitter’s bitcoin and decentralized projects.
Replying to the news, Musk said that “web3 sounds ridiculous” and “I think nothing could be crazier than ’99”, referring to the dot-com bubble of the late 1990s where investors were billions of dollars stuck in internet-based businesses that ultimately fail.
Musk maintained his support for the meme-based Dogecoin, tweeting “dooooge” in response to a Coindesk report that sky-high Ethereum transaction fees were preventing smaller investors from accessing exchanges.
DeFi, which uses blockchain technology to emulate traditional financial services without the involvement of a bank or financial institution, has skyrocketed in recent years as investors pour money into the space.
HUH token introduced
The highly anticipated HUH Token (HUH) has been launched on PancakeSwap and Uniswap. It appears to be becoming a serious challenger to Dogecoin, with its ambitious plans to become one of the top 10 cryptocurrencies in the world.
However, the HUH token promises to be more than just another meme token and has outlined a plan for real value and utility in its whitepaper.
According to the whitepaper, “The dream of the HUH token is a decentralized super-decentralization in which everyone benefits from the data generated. The data generated through interaction, be it information, opinions, images, sounds or any other form of self-expression, creates value for influencers and individuals as all data have an effect and HUH believes that influence is a currency that is for the common good is shared. ”
Via HUH tokens
This concept of “crypto” influence is certainly new to the crypto space and has the potential to be a hit with the creator and influencer communities. Musicians, artists and influencers can use this cryptocurrency and the associated social network called “MetHUH” to monetize their works or to “influence” them through the use of HUH tokens.
The creators of HUH Token claim to have developed the world’s first cryptocurrency “UTIMEME”, which combines the power of a “meme” token with the ease of use of a utility token. “Tokenomics will rapidly increase the value of the HUH token, which will be the basis for trading and receiving rewards on a major social network called ‘MetHUH’, where users’ data ownership is assessed from the cryptocurrency’s first perspective. With the social network of the HUH “MetHUH everyone in the HUH can be rewarded for the exchange and participation of content”.
The creators of the HUH token also tied up $ 1 million in liquidity for two years to encourage stability and long-term stocks.
HUH Token also includes a new referral program where holders can refer others and earn 10% commission on that new person’s initial investment. Commissions are paid in either Binance Coin (BNB) or Ethereum (ETH), depending on the crypto exchange you are using. Owners can continue to refer people and earn commissions indefinitely.
The founders of HUH Token seem keen to recreate the meteoric rise and success of Shiba Inu and are rumored to have partnered with thousands of top influencers on social media to promote this.
Time will tell, but this new cryptocurrency could prove to be a lot bigger than Dogecoin or Shiba Inu, especially when you consider their extras and practical uses.
HUH token buyers can recommend anyone who does not own HUH tokens by using the referral code provided at the time of purchase.
This recommendation entitles the recommender to 10% of the purchase price of the new HUH token holders. This 10% will be allocated as Binance Coin BNB or another cryptocurrency defined by the exchange. This is important as it allows crypto users to build a foundation in their wallets by diversifying their holdings across multiple digital currencies. In terms of the stability and security of cryptocurrencies, HUH Token has also provided a staggering $ 1,000,000 in liquidity that has been locked in for at least two years.
In addition, the HUH token has been checked by Solidity Finance, Shellboxs and Certik. The HUH Token whitepaper can be found on the website and will help outline the token’s future goals and dreams, including an innovative new social media platform and exciting new tokenomic strategies.
Of course, as with other cryptocurrencies, there is an inherent risk in purchasing a digital asset that by its nature cannot be valued. With multiple causes driving this cryptocurrency up, it looks like there is a runway for the HUH token to the moon. Meddling in a bullish project early on is a known tactic for getting rich in this community.
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