DeFi
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.
