Read on Twitter
Some FUD going around for $HOGE so I'll take a few tweets to address it. Like any other micro-cap with low liquidity, the swings up and down can be quite violent and this becomes a prime opportunity for creating uncertainty around the coin. 1/n
The point of introducing fear, uncertainty and doubt is creating discord in the community, causing people to turn against each other and panic sell. This creates red which in turn makes others panic, causing a chain reaction. 2/n
$HOGE opened the day at $0.00000300 and swiftly almost 4x'd to $0.00001200. While this was happening everything was cool until eventually a small selloff started at the top. It rose almost 400%, a selloff was a given. People will take profits, that's just how it is. 3/n
But this is where it gets interesting. At the first sight of red, a group of people joined the telegram and started spewing things that were flat out not true, prompting others to sell and fueling a bigger selloff. 4/n
It eventually bottomed at the open (~300) before going back up and settling between 450 and 600. This means it bounced off the previous day top/daily open and is now making its way back up, as one would expect. But what were the things that were said in the group? 5/n
Let's debunk them one by one...
1/ "The coin doesn't burn because the burn wallet has a single transaction in it". If you open the burn wallet you can see the balance increasing, the 1 txn is the first burn made by the dev of 49% of the supply. https://bit.ly/2LEIYJD 6/n
1/ "The coin doesn't burn because the burn wallet has a single transaction in it". If you open the burn wallet you can see the balance increasing, the 1 txn is the first burn made by the dev of 49% of the supply. https://bit.ly/2LEIYJD 6/n
2/ "The coin doesn't pay passively on each swap". Again, weak fud. Same as with the burn, the 1% of each swap is distributed to all holders so if you open any holder wallet and refresh it every few minutes you will see the balance increasing. https://bit.ly/3q9R6kr 7/n
3/ "The dev owns tokens and can dump them at any time". Simply not true. This is the creator wallet: https://bit.ly/3a6jsXd as you can see it holds about $140 worth of ETH and no tokens. 8/n
4/ "This can be rug pulled at any time". Also not true. Staying on the creator wallet above we see two ERC20 token transactions: https://bit.ly/3jBHI6C & https://bit.ly/2OizZ1E . txn1 adds ETH+HOGE as liquidity in exchange for LP tokens which are then locked in txn2. 9/n
The beauty of blockchain is that everything is verifiable if you take a moment to do so. This project is for fun, it's a take on Doge on Ethereum with a cool community being rewarded for their efforts. While this FUD stifled growth for now, it also created an entry opp 10/n
As I heard someone say, "in a bull market, dips are for buying". This is the dip to enter before the next leg up. Remember we bounced off the previous high and TA has not changed. So, if you like memes, having fun and becoming a HOGE'illionaire, come join us. 11/n
You might just make some real money in the process too :)
http://hoge.finance
http://t.me/hogefinance
@HogeFinance
12/12
http://hoge.finance
http://t.me/hogefinance
@HogeFinance
12/12
