Hoge Finance is a community-driven DeFi auto-staking ERC-20 token with a capped and deflationary supply. It operates on the Ethereum blockchain and supports other chains like BSC, FTM, Polygon, and XDAI.
Hoge Finance leverages Ethereum's blockchain using the ERC-20 token standard. It employs a 2% transaction tax mechanism, wherein 1% is burned and 1% redistributed to all HOGE holders. Security is maintained through Ethereum's Proof of Stake (PoS) consensus, and its smart contracts enforce predefined rules, including the transaction tax mechanism, which are immutable and transparent.
Hoge Finance can be used in several areas:
Hoge Finance was launched in February 2021 initially as a Dogecoin parody but evolved into a more serious project focusing on rewarding content creators and supporting charitable causes. Its founding team included key figures like Marc-Antoine Belair and Florin Podaru. Significant milestones include the launch, a community takeover in March 2021, an audit by CertiK, and the development of NFT and gaming platforms. The project is anchored in a philosophy of community control, with plans to establish a DAO for further decentralisation.