DeFi

BLAST HOGE Token Takes DeFi World By Storm On Blast Network, Surpasses $3M Market Cap In Just 3 Days

Published

8 months ago

22 May, 2024

BLAST HOGE Token Takes DeFi World By Storm On Blast Network, Surpasses $3M Market Cap In Just 3 Days

May 21, 2024, May 21, 2024 (GLOBE NEWSWIRE) — In a monumental display of community engagement and rapid growth, the BLAST HOGE token ($HOGE) launched on the decentralized exchange BlasterSwap (DEX) on May 17, 2024 , reaching a market capitalization of over $3 million after just three days of trading on the Blast network. This milestone marks a significant achievement for the HOGE Finance ecosystem and highlights the potential for transitioning layer 1 Ethereum communities to layer 2 solutions.

A historic launch on BlasterSwap
BLAST HOGE started with $50,000 in initial liquidity 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 trading volume on its first day. This rapid growth highlights the token’s strong appeal and the community’s strong confidence in its vision.

Empowering the HOGE community through Airdrops
A key element of the launch was the extensive airdrop of HOGE Finance. More than 75 billion tokens have been distributed to HOGE holders on Ethereum, with each of the more than 76,000 wallets receiving just over 1 million tokens, totaling 20% of the supply. This airdrop encourages engagement with Layer 2 solutions, enabling immediate exploration of dApps on the BLAST network at no cost to existing members of the HOGE Finance community. Upcoming partnerships promise to further improve the utility of the token.

An additional 10% of the total token supply (valued at $122,000 at the time of writing) was distributed to the HOGE Finance DAO treasury wallet via leading token management partners. These funds will strengthen the community treasury and add lasting value to the broader HOGE Finance ecosystem by funding new initiatives and proposals, as well as providing liquidity for a myriad of potential developments.

Future plans
The launch of BLAST HOGE is the starting point of a series of strategic initiatives designed to provide immediate utility and benefits to holders. These include platform activation campaigns, innovative partnerships and much more. Additionally, holders can participate in the Blast Jackpot on blast.io by entering their BLAST HOGE Tokens and Launch Keys, providing a chance to win significant 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 are intended to expand reach, foster deeper community engagement, and create an atmosphere of anticipation and exclusivity.

The Blast Network, with over $1.5 billion in TVL, is gearing up for a June 27 airdrop estimated to be worth near or above $1 billion. This event has already generated significant buzz and an exponential increase in daily wallet activity as users prepare for this lucrative event. Thanks to the network’s low transaction fees, yields, and native incentives, Ethereum holders can maximize their investment potential – no longer burdened by the immense fees typical of the L1 Ethereum network.

Blast Ninja Mini-Game: Towards Success
The Blast Ninja mini-game, available at play.blasthoge.xyz, has proven to be a success, with over 15,000 plays and a high score of 7,230 at the time of writing.

Top-performing players on the leaderboard will receive additional airdrop allowances, thus encouraging active participation.

Play and win your share of the upcoming airdrop allocation today!

Upcoming launch of BLAST HOGE DAO
BLAST HOGE is also preparing to launch a Decentralized Autonomous Organization (DAO), inspired and derived from Plutocats, the main NFT collection of the BLAST network.

These NFTs are distributed via a Dutch auction, with each sale contributing to BLAST HOGE DAO’s treasury, supporting future proposals and initiatives.

Tokenomics and security
Mirroring the tokenomics of its Ethereum parent, BLAST HOGE implements a 2% burn and 1% reflect mechanism, as well as a 50% burn at launch. Additionally, BLAST HOGE will distribute 5% of its post-burn tokens to the HOGE DAO treasure over three years via Magna.

Magna is a leading token management platform with over $2 billion in tokens locked, partnering with notable chains such as Aptos and Immutable.

Additionally, the token has undergone a rigorous audit by Cyberscope, a leading blockchain security company, ensuring the highest standards of security and trust.

About the BLAST network
Founded by Tieshun “Pacman” Roquerre, the visionary behind NFT market leader BLUR, the BLAST network is quickly growing in importance. Currently, the BLAST network boasts a total value locked (TVL) of $1.5 billion, highlighting its substantial impact in the field of decentralized finance. With daily wallet activity increasing and renowned projects launching on the network, BLAST is poised to become a central hub in the DeFi landscape.

About HOGE Finance
HOGE Finance has established itself as an important player in the web3 space, achieving numerous milestones since its inception. At its all-time high, HOGE Finance reached a TVL of $150 million and a market capitalization of over $500 million. Known for its community initiatives, memes and innovative approaches, HOGE Finance remains a relevant and influential force in the web3 ecosystem.

The launch of BLAST HOGE marks the start of a resurgence of community efforts, heralding a new era of decentralized finance and blockchain innovation.

About BLAST HOGE
BLAST HOGE was founded by HOGE Finance community leader Kash Corleone Rogers, with Kyle Jackson as co-founder and CTO. Between them and the rest of the core team, they have exemplified a strong and visionary effort that aims to revolutionize the decentralized finance space through community initiatives and innovative on-chain solutions.

“Having a flawless launch and witnessing the first few days of quality graphics activity was a remarkable achievement,” said Kash Corleone Rogers, founder of BLAST HOGE. “We are integrating thousands of people into the HOGE Finance and BLAST ecosystems, p
offering a world of incentives and rewards through BLAST HOGE. Ethereum investors need to wake up to the world of low fees and high returns that exists on layer two networks, and BLAST HOGE is a gateway for all.

At its core, BLAST HOGE focuses on promoting community initiative and inclusion, engaging both Web3 veterans and blockchain newbies. By being an early adopter of the BLAST network, BLAST HOGE is poised to bring significant exposure to the HOGE Finance ecosystem and its parent token, ETH $HOGE, amplifying its reach, impact and value cash.

For more detailed token information and live trading updates on BLAST HOGE ($HOGE), visit DEX screen: https://dexscreener.com/blast/0xbfcd1e44e086244c5d2856ab1e9db4b6530d7b3d
Website: https://blasthoge.xyz/
Documentation: https://docs.blasthoge.xyz/
X (formerly Twitter): @BLASTHOGE

Disclaimer: The information provided in this press release does not constitute an investment solicitation nor is it intended to constitute investment advice, financial advice or trading advice. It is strongly recommended that you perform due diligence, including consulting a professional financial advisor, before investing in or trading cryptocurrencies and securities.

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DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Social networks: https://linktr.ee/rollblockcasino

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DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

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