The year 2022 is going shaky for crypto enthusiasts. Crypto was once all set to reach the new zenith of success, and many expected it to replace the conventional financial setup. Many individuals remain optimistic that the gloomy market phase will end soon and that the market will be at its peak. People have always trusted banks and government organizations to safeguard their assets without understanding where their money is going. Banks are prospering as a result of depositors’ funds. Individuals increasingly use cryptocurrencies for transactions because of their transparency, which decentralized governance addresses. Despite the crypto market’s downfall, numerous new coins are launched daily. Today we will discuss the HUH token, Shiba Inu (SHIB), a famous meme coin, and UNUS SED LEO (LEO) to help you invest in the bearish market.
Introducing HUH Token (HUH)
HUH, Token has slowly developed a significant following since its launch, with people worldwide beginning to follow this crypto’s adventure. No doubt that HUH Token entered the market during the crypto winters, and as a result, it appeared to surge instantaneously, bringing with it the adoration of many HUH Token holders. HUH wishes to improve the functionality of meme currencies by including token utility characteristics. As a result, the new blockchain network is a ‘utimeme’ token, combining the specialized branding of meme coins with the technological capability of utility tokens. The HUH network is an EVM-compatible base layer blockchain. As a result, projects that are already running on other EVM-compatible blockchains may be easily converted. Smart contracts and decentralized applications (dApps) will be supported by the HUH network.
The HUH team believes that every community member should be able to voice their opinion, and every community member should vote for the token’s administration. To make it feasible for everyone, HUH Governance is designed to be facilitated by Decentralised Autonomous Organisations (DAOs) using a new consensus strategy whereby vote quality is not compromised at any cost.
Probably one of the unique features of the HUH token is its MetHUH Sentiments. Content creators and social media influencers can create content and display their names to the world. Both content creation and consumption are analyzed, with sentiment analysis performed by systems such as IBM Watson and Google Perspective employing comment analyzers.
Using this data, a sentiment analysis report is attached to the accounts of both social influencers and users, and sentiment tokens are rewarded based on recognized qualities.
HUH Liquidity Pool
The purchase of a liquidity pool is significant since it allows the value of HUH tokens to rise over time. A cost known as the liquidity fee is charged on every purchase and sell transaction and is kept in the smart contract. When the collected HUH tokens on the smart contract reach a certain level, the allocated part is equally split into two: the first half is sold for BNB, and the acquired BNB is then matched with the second half in HUH, and both are added to the LP.
How To Buy HUH Token (HUH)?
If you have been with us until now, you must be very interested in buying the token and wondering how to buy the token. We have got you covered for that too. Firstly, you must download the Coinbase wallet, available on web browsers and your phone apps. Choose a professional username and set up a profile so other Coinbase wallet users can conveniently send you cryptos. Next, you have to buy ETH. How you transfer ETH to your Coinbase Wallet varies depending on whether you use the mobile app or the Chrome extension. You may exchange ETH for any token that follows the Ethereum protocol (“ERC-20 tokens”).
To purchase a HUH coin, enter the amount of ETH you want to trade for the HUH Token and click the HUH tab exchange. Because transaction fees vary based on the kind and size of the transaction, keep some ETH in your wallet for that purpose. Other systems, such as the Metamask wallet, can also be used to purchase HUH. However, to pay for the gas costs using Metamask, you must have BNB in your Metamask wallet. If you want, you may buy BNB directly from your Metamask wallet.
Shiba Inu (SHIB): The Dogecoin Killer
Meme coins are very popular these days. Dogecoin (DOGE) is the most popular meme coin followed by Shiba Inu (SHIB). Both the coins use the same dog breed. Meme coins have gained immense popularity since then. Tesla owner, Elon Musk, appreciated it in his tweet. Shiba Inu retains the title “Dogecoin Killer” because its developers regard it as the most dangerous rival in the cryptocurrency meme coin industry. The currency was founded in August 2020 by an unknown individual. Since its mysterious introduction into the crypto market, SHIB has grown in popularity and value due to its peculiarity.
Shiba Inu (SHIB) and Blockforest have formed a strong partnership to develop a series of NFTs for the FIFA World Cup 2022. The popularity of the meme coin will soar as the FIFA World Cup is set to commence in the following year. The metaverse has also been launched by the Shiba Inu (SHIB). The project was introduced in phases. In the first phase, 36,000 plots were unlocked in April of this year, and 100,000 plots were dispersed. Shiboshi NFT holders can visit the Shiboshi Zone, a specific area in the metaverse. Shiba Inu (SHIB) is ranked 14th on CoinmarketCap as of August 31st, 2022, with a $6.8 billion coin market value. The currency’s value dropped by 1.73% in the last 24 hours and by 4.85% in the previous week.
UNUS SED LEO
UNUS SED LEO (LEO) is a cryptocurrency that aspires to provide a trustworthy and secure platform for businesses and individuals to transact. It is a Proof-of-Stake (PoS) currency using an ERC20 consensus mechanism. Users can earn incentives by staking LEO tokens, which are necessary to power the network. Its network is powered by validators who maintain its stability and security. It is a highly scalable decentralized network that will allow companies and individuals to conduct secure transactions.
LEO is a utility token employed throughout the iFinex ecosystem. The token enables Bitfinex exchange clients to save money on trading costs by offering a trading discount depending on the number of LEO tokens held by an exchange user. LEO has a one-of-a-kind token burn process, with iFinex purchasing tokens monthly from the market. The acquired amount often equals at least 27% of iFinex’s income. As of August 31st, 2022, UNUS SED LEO (LEO) has a market value of $5.51 billion and is ranked 17th in cryptocurrency market capitalization. The currency gained by 2.46% in the last 24 hours, with an overall increase of 2.32 percent in the previous week.
HUH, Token’s success on launch day shocked many, and it will continue to grow in popularity as it becomes available and more people learn about its benefits. The HUH team fully recognizes and anticipates the importance of social media in the future. The HUH token will be introducing numerous characteristics in the fourth quarter of 2022, including the debut of NFTs and social activities. The maximum number of HUH tokens will be 10 trillion. 10% of this will be put aside to exchange huh erc20 tokens for the new HUH token on the HUH blockchain. You can also get bonus tokens from the HUH referral scheme. Buying HUH with ETH during presale stage 1 within 15 minutes of signing up may yield you a 10% bonus. Similarly, you can get varying percentages of bonuses with different tokens. You can get a 20% bonus if you buy it with Dogecoin (DOGE) and Shiba Inu (SHIB).
For more information on HUH Token (HUH), you can visit the following links:
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.
We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.
Crypto Prices from Nomics
© 2021 NewsBTC. All Rights Reserved.
© 2021 NewsBTC. All Rights Reserved.