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Cryptocurrency News Articles
BLAST HOGE ($HOGE) Launches on BlasterSwap DEX, Achieving $3M Market Cap in 3 Days
May 21, 2024 at 09:32 pm
In a monumental display of community engagement and rapid growth, the BLAST HOGE ($HOGE) token launched on the BlasterSwap decentralized exchange (DEX) on May 17th, 2024
The highly anticipated BLAST HOGE ($HOGE) token finally launched on the BlasterSwap decentralized exchange (DEX) on May 17th, 2024, achieving a market cap of over $3M after only three days of trading on the Blast network.
This milestone marks a significant achievement for the HOGE Finance ecosystem and highlights the potential for Layer 1 Ethereum communities transitioning to Layer 2 solutions.
A Historic Launch on BlasterSwapBLAST HOGE began with an initial liquidity of $50,000 on BlasterSwap, a DEX with over $17 million in total value locked (TVL). The token quickly attracted enthusiastic support, reaching $2 million in TVL and surpassing $60,000 in first-day trading volume. This rapid growth underscores the token's robust appeal and the community's strong trust in its vision.
Empowering The HOGE Community through AirdropsA key element of the launch was the extensive HOGE Finance airdrop. Over 75 billion tokens were distributed to HOGE holders on Ethereum, with each of the 76,000+ wallets receiving just over 1 million tokens totaling 20% of the supply. This airdrop incentivizes engagement with Layer 2 solutions, enabling immediate exploration of dApps on the BLAST network at no expense to existing HOGE Finance community members. Upcoming partnerships promise to further enhance the token’s utility.
An additional 10% of the total token supply (valued at $122,000 at time of writing) has been distributed to the HOGE Finance DAO treasury wallet via industry-leading token management partners. These funds will bolster the community treasury and add everlasting value to the wider HOGE Finance ecosystem by funding new initiatives and proposals, as well as providing liquidity for a myriad of potential developments.
Future PlansBLAST HOGE's launch is the starting point for a series of strategic initiatives designed to deliver immediate utility and benefits to holders. These include platform activation campaigns, innovative partnerships, and much more. Additionally, holders can participate in the Blast Jackpot at blast.io by entering their BLAST HOGE tokens and launch keys, offering a chance to win substantial Blast gold rewards.
Future BLAST HOGE airdrops will feature exciting projects and platforms on the BLAST network, as well as collaborations with notable Ethereum communities. These airdrops aim to expand reach, foster deeper community engagement, and create an atmosphere of anticipation and exclusivity.
The Blast Network, boasting over $1.5 billion in TVL, is preparing for an anticipated airdrop on June 27th, estimated to be near or above $1 billion in value. This event has already generated significant buzz and increased daily wallet activity exponentially as users prepare for the lucrative occasion. Through the network's low transaction fees and native yields and incentives, holders of Ethereum can maximize their investment potential- no longer burdened by the immense fees typical on the L1 Ethereum network.
Blast Ninja Minigame: Slashing To SuccessThe Blast Ninja minigame, available at play.blasthoge.xyz, has proven to be a hit, with over 15,000 plays and a high score of 7,230 at the time of writing. Top performers on the leaderboard will receive additional airdrop allocations, promoting active participation. Play and earn your share of the upcoming airdrop allocation today!
Upcoming BLAST HOGE DAO LaunchBLAST HOGE is also preparing to launch a decentralized autonomous organization (DAO), inspired by and forked from Plutocats, the leading NFT collection on the BLAST network.
These NFTs are distributed via a Dutch auction, with each sale contributing to the BLAST HOGE DAO treasury, supporting future proposals and initiatives.
Tokenomics and SecurityMirroring the tokenomics of its Ethereum parent, BLAST HOGE implements a 2% burn and 1% reflection mechanism, along with a 50% burn at launch. Additionally, BLAST HOGE will distribute 5% of its post-burn tokens to the HOGE DAO treasury over three years via Magna.
Magna is a leading token management platform with over $2 billion in tokens locked, partnered with notable chains such as Aptos and Immutable.
Furthermore, the token has undergone a rigorous audit by Cyberscope, a leading blockchain security firm, ensuring the highest standards of security and trust.
About the BLAST NetworkFounded by Tieshun "Pacman" Roquerre, the visionary behind the leading NFT marketplace BLUR, the BLAST network is rapidly gaining prominence. Currently, the BLAST network boasts a total value locked (TVL) of $1.5 billion, underscoring its substantial impact in the decentralized finance space. With increasing daily wallet activity and renowned projects launching on the network, BLAST is poised to become a central hub in the DeFi landscape.
About HOGE FinanceHOGE Finance has established itself as a significant player in the web3 space, achieving numerous milestones since its inception. At its all-time high, HOGE Finance reached
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