Meme, Utility, and Utimeme: HUH Token and FLOKI Inu
At first glance, Floki Inu (FLOKI) may potentially be seen as yet another ‘dog meme’ coin. In the wake of the insane successes of other canine cryptocurrencies such as Dogecoin (DOGE) and Shiba Inc (SHIB), it would be easy to assume FLOKI was jumping on the meme coin bandwagon. When it comes to utility in a coin, the HUH token is the top of the pile, and has been dubbed the world’s first
“utimeme”.
Floki Inu
FLOKI was created on the 25th of June 2021. It draws its name from Tesla founder Elon Musk, and more specifically, his Shiba Inc puppy, Floki. It strongly embraces the populist nature of its beginnings, and aims to leverage the reach of memes by utilising a community that “loves and lives for memes.”. The FLOKI team aim to launch their own play-to-earn gaming metaverse in February 2022.
FLOKI (the coin rather than the puppy) has proved extremely popular since being listed on the 10th of July 2021. At the end of the first day, it was at 0.00000418. Its ATH of 0.0003437 was reached on the 4th November 2021, an 8363% increase from its listing price. In its first week, however, FLOKI actually decreased 62% in price. It wasn’t until October and November that serious rises in prices were seen.
HUH Token
HUH token has purposefully distanced itself from the ever-growing number of meme coins such as Cumrocket and Samoyedcoin. In pioneering the first “utimeme”, HUH combines the market popularity of meme coins with the functionality of utility coins.
In their white paper, the team behind HUH say “a key aspect in these (interconnected and quality) relationships is the promotion of humour and emotions.” HUH has a unique referral system with the potential to revolutionise how and what cryptocurrencies people invest in. When existing holders refer others, they can earn a 10% commission on the new holder’s first investment. The 10% is paid in Binance Coin (BNB) or Ethereum (ETH), dependent on the exchange being used.
This feature is designed to increase the holder’s wallet over time, meaning that the longer a holder keeps their HUH tokens, and in greater number, the more HUH they will receive. It is clear from this innovative strategy, as well as the ‘Hold Until Gold’ mantra, that HUH encourages longer-term holding, in direct opposition to meme coins’ famed volatility.
HUH token launched on December 6th 2021 and has seen a meteoric rise amid justified hype. In under 7 days, there has been an over 4000% rise in price. In stark contrast to most meme coins, including FLOKI, it took no time at all for HUH to increase in valuation.
In the short period of time since the launch date, HUH has seen almost 10,000 wallet holders. This allowed it to break into the top 20 on PancakeSwap. According to the statistics on their homepage, FLOKI has over 360,000 holders in its near six-month existence, as well as joining HUH in PancakeSwap’s top 20. If the current adoption rate continues, the HUH token can mirror and even surpass the success seen by FLOKI in a similar timeframe.
With so much growth potential, it is even more encouraging to note that HUH has locked in $1 million in liquidity, which helps to further promote stability and security.
You can find out more with the following links:
1- Buy on PancakeSwap – https://bit.ly/3pSg09d
2. Website – www.huh.social
3. Latest HUH Token News https://bit.ly/3F6ttAV