Are you interested in buying HOGE? This cryptocurrency is available on several crypto exchanges. LetsExchange.io also lists this digital asset for trading. In this article, we tell you in detail how to acquire it.
What Is Hoge Finance (HOGE)?
Hoge Finance is a community-driven decentralized finance (DeFi) project. This project was formerly known as Hoge.Finance and Hogecoin. This project issued an ERC-20 token named HOGE. It is a deflationary coin with a burn mechanism. HOGE is used to store value on the blockchain and as collateral in smart contracts. Moreover, HOGE holders are rewarded for keeping their tokens instead of selling them.
HOGE Price History
One trillion HOGE tokens were first minted on February 7, 2021. Soon after hitting the market, HOGE reached its all-time high on March 15, 2021, at $ $0.0009634. However, during the bear market of 2022, the HOGE price significantly dropped. As of February 16, 2023, HOGE traded at around $0.000034, approximately -96.5% below the all-time high of 2021. According to CoinMarketCap, HOGE is the 729th most valuable cryptocurrency by market capitalization.
How to Buy HOGE
Although several crypto exchanges list HOGE for trading, your best option to buy it is LetsExchange. The process to purchase HOGE is straightforward on our platform. We will describe how to buy this token step by step on our exchange widget. For simplicity, we will use Bitcoin (BTC) to purchase HOGE in this example.
In the You Send field, select the cryptocurrency you will use to purchase HOGE (BTC in our example). Then, input the amount of BTC that you want to swap.
Next, in the You Get field, select HOGE. In this case, HOGE is an ERC-20 token running on the Ethereum network, as the widget indicates.
The exchange widget automatically calculates the amount of HOGE you will get and displays it in the You Get field.
If you have a promo code, add it in its respective field.
Now, hit the Exchange button.
You will be taken to the next stage of the exchange process. Here, you must provide the address of the receiving wallet (to where the HOGE funds will be sent). You can also add a refund address to where the BTC funds will be sent in case the transaction is not completed for a reason.
After providing the requested wallet addresses, you can hit the Next button to complete your swap.
Finally, the widget will indicate a deposit wallet address where you must send the payment (the BTC funds in this case). After doing it, your swap will be processed. When the transaction is completed, the purchased HOGE coins will be deposited in the receiving wallet.
Conclusion
Holding HOGE could be a good long-term investment. Hoge Finance levies a 2% tax on each transaction involving HOGE. Approximately 1% of these taxes are burned, whereas the rest is distributed among HOGE holders. Hence, if you hold your tokens for a long time, your HOGE holding might significantly increase.
FAQs
Is HOGE a good investment?
It might be. Some price predictions indicate the HOGE price will likely increase in the coming years. Additionally, if you hold your HOGE tokens for a long time, you will earn rewards for not selling your assets.
How high can HOGE go?
According to a forecast by Price Prediction, HOGE might trade at $0.001 in 2032.
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