There will never be more HOGE in circulation than there are now. Each time a trade is made using HOGE, 1% of the trade is removed or "burned" from the total supply. This increases the scarcity of each HOGE in circulation. In addition, 1% is allocated between each HOGE holder. This means that each time a HOGE is used, it increases the value of the remaining HOGE in circulation by simultaneously reducing the supply (deflation), while also distributing the HOGE to everyone who uses the token. As a result, each HOGE holder has an incentive to spread the use of HOGE as much as possible. As more transactions occur in the network, the net worth of the person who owns the entire network increases.
HOGE tokens are 100% owned by the community and the exchange. The tokens themselves have no built-in developer wallet or revenue structure. The human resources team within the project estimates that an average of 80 to 110 developers or key contributors are working on the project at any given time, all of them for free. HOGE is a community -- because there is no developer wallet, the community is motivated to work together to achieve its common goals. HOGE has succeeded by focusing on improving its brand, decentralised finance (DeFi) technology, philanthropic activities and, most importantly, its people. Community In an industry that relies on individuals exchanging value with each other, nothing is more important than community. HOGE purposefully leverages the strength of its community as a diverse and growing talent pool to build the HOGE ecosystem. It uses decentralized governance and tools to empower individuals internally. Communication and marketing memes creation, graphics, animated educational videos and learning management systems for special events, Raids and open forums (voice chat, AMAs, Twitter space) DeFi Think Leadership/Initiatives Smart Contracts (NFT, DeFi) game development mobile and Web3 dApps business development. < BR /> Where the Hoge Association supports and is subject to a decentralized autonomous organization (DAO). A non-profit association in Switzerland oversees the brand. It implements partnerships and agreements on behalf of the community. This entity provides DeFi projects with a gateway into the corporate world. HOGE Ecosystem - Teamwork makes dream work HOGE branding channel and governance HOGE Association the strongest aspect of HOGE. HOGE is well suited to bring the benefits of Ethereum's decentralized network into the mainstream.