More Than a Meme – Why the HUH Token (HUH) token is different from Dogecoin (DOGE) and Shiba Inu (SHIB)
Meme coins have become increasingly popular in the cryptocurrency space. Dogecoin (DOGE), for example, reached an all-time high of $0.73 in Q3 of 2021, seeing an enormous surge in value following billionaire Elon Musk’s endorsement of the coin on Twitter. Elsewhere in the crypto space, Shiba Inu (SHIB) has a market cap of over $12.5 billion.
Despite their popularity, meme coins have been criticised for their inability to scale past their status as a “meme”. Moreover, they are also extremely volatile since the value of these tokens is driven purely by speculation. HUH Token (HUH) is the world’s first “UTIMEME” cryptocurrency, seeking to leverage the popularity of meme coins with the real-world usability that utility coins offer.
What Utility?
HUH Token (HUH) offers utility in a number of ways. The token will serve as the main currency for the MetHUH, a social network where companies and influencers can interact without the need for a middleman. In addition, the MetHUH will build an NFT marketplace where digital items can be bought and sold with the HUH Token (HUH).
HUH Token (HUH) seeks to onboard users through its generous rewards scheme. The HUH referral reward system enables all HUH Token (HUH) holders to refer people to the platform and get rewarded for it. Anyone is able of sharing a referral code to generate returns.
Tokenomics
The HUH Token (HUH) is novel in its design. While Dogecoin (DOGE) uses the Proof of Work (POW) mechanism and is a fork of the Litecoin (LTC) network, the HUH Token (HUH) uses a multi-chain protocol meaning that it is available on more than one blockchain. HUH is built on both the Binance Smart Chain and Ethereum networks. HUH holders can move seamlessly between the two chains via an ETH-BSC bridge with a 1:1 swap without any transaction fees.
Should I buy HUH Token (HUH)?
Despite some of the risks associated with meme coins, many have proven to be extremely lucrative. Shiba Inu (SHIB), for example, grew as much as 70,000,000% in 2021. While gains as big as these are quite difficult to come by, the value offered by HUH Token (HUH) is a unique one and deserves to be taken seriously.
While meme coins can be seen as decidedly one-dimensional, HUH Token (HUH) has been designed to offer real-world utility where users’ data ownership is taken seriously and they are fairly rewarded for content and engagement exchanges.
At the time of writing, the HUH Token (HUH) price is approximately $0.000008 USD, significantly less than its all-time high of $0.0002023 that the token reached in Q4 of last year. While this drop-off might indicate a loss of faith in the project, the team propose a detailed roadmap and have delivered on their promises in the past. It is possible that we will see a forward uptick in the price when the proposed utility is rolled out.
Learn More About HUH Token Here:
Website: https://huh.social
HUH Official Swap: https://swap.huh.social/
Telegram: https://t.me/HUHTOKEN
Twitter: https://twitter.com/HuhToken
Instagram: https://www.instagram.com/huhToken/