DeFi
BLAST HOGE Token Takes DeFi World By Storm On Blast Network, Surpasses $3M Market Cap In Just 3 Days
Explosion Hoge
In a monumental display of community engagement and rapid growth, the BLAST HOGE ($HOGE) token launched on the decentralized exchange Blasterswap (DEX) on May 17, 2024, reaching a market cap of $3 million after just three trading days. This milestone marks a significant achievement for the HOGE Finance ecosystem and highlights the potential for transitioning layer 1 Ethereum communities to layer 2 solutions.
May 21, 2024, May 21, 2024 (GLOBE NEWSWIRE) — In a monumental display of community engagement and rapid growth, the EXPLOSION HIGH ($HOGE) token launched on the BlasterSwap decentralized exchange (DEX) on May 17, 2024, reaching a market capitalization of over $3 million after just three days of trading on the Breath Network. This milestone marks an important achievement for the HOGE Finance ecosystem and highlights the potential of layer 1 Ethereum communities in transition Layer 2 solutions.
A historic launch on BlasterSwap
EXPLOSION HIGH started with an initial liquidity of $50,000 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 exceeding $60,000 in first day trading volume. 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 HOGE Finance airdrop. 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.
Another 10% of the total token supply (valued at $122,000 at the time of writing) was distributed to the HOGE Finance DAO treasury wallet through industry-leading token management partners. These funds will strengthen the community treasury and add lasting value to the entire community. HOGE Finance by funding new initiatives and proposals, as well as providing liquidity for a myriad of potential developments.
Future plans
BLAST HOGE’s The launch is the start of a series of strategic initiatives designed to deliver immediate utility and benefits to holders. These include platform activation campaigns, innovative partnerships and much more. In addition, holders can participate in the Explosive Jackpot has explosion.io by grabbing their BLAST HOGE tokens and launch keys, offering a chance to win substantial winnings Bright gold rewards.
Future EXPLOSION HIGH 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 story continues
THE Breath Networkboasting of $1.5 billion in TVL, is preparing for a drop scheduled for June 27, with an estimated value of near or above a billion dollars. 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 on play.blasthoge.xyzproved 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 earn your share of the upcoming airdrop allocation today!
Upcoming launch of BLAST HOGE DAO
EXPLOSION HIGH is also preparing to launch a decentralized autonomous organization (DAO), inspired and resulting from Plutocatsthe first NFT collection on 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
Reflecting the tokenomics of its Parent of Ethereum, BLAST HOGE implements a 2% burn and 1% reflect mechanic, as well as 50% burn at launch. In addition, EXPLOSION HIGH will distribute 5% of its post-burn tokens to the HOGE DAO treasury 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 rigorous review audit by Cyberscopea leading blockchain security company, ensuring the highest standards of security and trust.
About the BLAST network
Founded by Tieshun “Pacman” Roquerrethe visionary behind the leading NFT marketplace GET IN CHANGETHE BLAST network is rapidly gaining importance. Currently, the BLAST network claims total value locked (TVL) of $1.5 billion, highlighting its substantial impact in the decentralized finance space. 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 his community initiatives, memes and innovative approaches, HOGE Finance remains a relevant and influential force in the web3 ecosystem.
The launch of EXPLOSION HIGH marks the start of a resurgence of community efforts, heralding a new era of decentralized finance and blockchain innovation.
About BLAST HOGE
EXPLOSION HIGH was founded by HOGE Finance community leader Kash Corleone Rogers, with Kyle Jackson as co-founder and chief technology officer. 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 seeing the first few days of quality graphics activity was a remarkable achievement,” said Kash Corleone RogersFounder of EXPLOSION HIGH. “We integrate thousands of people at a time into the HOGE Finance And BLAST ecosystems, p
offering a world of incentives and rewards through EXPLOSION HIGH. Ethereum investors need to wake up to the world of low fees and high returns that exists on layer two networks, and EXPLOSION HIGH is a gateway for everyone.
In his heart, EXPLOSION HIGH focuses on promoting community initiative and inclusion, engaging both Web3 veterans and blockchain newbies. By being one of the first to adopt the BLAST Network, EXPLOSION HIGH should bring significant visibility to the HOGE Finance the ecosystem and its parent token, ETH $HOGE, amplifying its reach, impact and treasury value.
For more detailed token information and live trading updates on BLAST HOGE ($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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