Place/Date: - May 3rd, 2022 at 3:06 pm UTC · 3 min read
Source: HUH Token
Many cryptocurrency fans use a short-term strategy to benefit from the cryptocurrency market’s price volatility. If you are not confident with high-risk investing, the long-term method should be your preference! HUH Token (HUH) is forming a community of long-run holders that want a never-ending and ever-increasing stream of benefits.
The HUH Token (HUH) is the first “Utimeme” coin, merging the influence of a meme coin with the utility and ease of use of a utility token. Its dynamic environment will fuel the MetHUH social network and give a range of growth prospects.
HUH Token’s social network the MetHUH will serve a key role in the HUH ecosystem, providing usability and utility for the token itself. Social influencers will be able to communicate with one another and with businesses who wish to cooperate with them without the need for a middleman in the MetHUH.
NFT social media marketplace will be built where users may bid, auction, and purchase NFTs from their favourite social influencers. With the press of a button, social influencers will be able to manufacture NFTs from their own content, establish their own price, and then auction these NFTs on the MetHUH.
HUH Token’s multi-chain protocol supports several blockchains, including Binance Smart Chain (BNB), Ethereum (ETH), and Polygon (MATIC). In the future, other blockchain systems will be implemented. The bridge will be free to use; users will only be charged for actual transactions.
Periodic burn events will be held on Binance Smart Chain and Ethereum blockchains to ensure that supply declines over time, resulting in deflation. As a consequence of taking the tokens out of circulation forever, the HUH Token’s value will climb.
HUH token holders will have many options for earning additional income. The multi-level referral system of HUH Token will enable users to refer their connections and get rewarded for it. If the person you referred purchases HUH Token, you will get 10% of their first transaction.
Furthermore, the HUH ecosystem has a built-in reflection technique that redistributes a percentage of transaction fees to all HUH holders. This means you might earn extra money without doing anything; simply holding HUH tokens in your virtual wallet entitles you to these benefits.
Polkadot (DOT) is intended to bridge the gap between cryptocurrencies and blockchains, offering the best in each member. Polkadot makes it its mission to empower communities and individuals by utilising the decentralised web. The platform serves a unique market role by connecting the whole crypto industry.
Polkadot’s native DOT coin performs three key functions in the ecosystem. These include operational and security staking, network governance facilitation, and token bonding to connect parachains.
Polkadot, as a sharded open-source network, executes many transactions at the same time on parallel chains known as parachains. A secure and scalable ecosystem enables several parachains to interact with one another through Polkadot’s central relay chain. This parallel processing allows for more flexibility, adaptation, and expansion.
Polkadot has come a long way in development since its initial release. Crypto analysts consider it a strong investment potential for the long term.