Launching in just over 2 weeks, HUH was specifically designed to encourage long-term token holders via a static rewards system, thereby reducing the risk of significant price fluctuations caused by market swings and movements.
How Does the HUH Token Work?
HUH leverages blockchain technology to modernize traditional finance, challenging the default status-quo to create a passive source of income for the HUH community. HUH was created on the Binance Smart Chain (BSC) Network with a token count of888 Trillion as total supply.
HUH was designed to encourage long-term investments and discourage selling. HUH does this by taxing a 15% fee on each buy order transaction while charging sellers up to 20% as selling fees. With selling the token relatively more expensive, investors are incentivized to hold the coin more.
HUH is using a referral system t Another incentive that HUH Token provides is through the referral system. The system includes a 2-tier referral structure where the initial coin owner gets 10% of what the referee purchase in BNB. That is not all, as the referrer and the referee still get a reduction from 20% to 15% in sell tax. Then when the ‘referee’ refers someone, the initial coin owner still gets 2% of the purchase of the person referred. Referrals are capped at 3 persons, but that is enough to enjoy amazing benefits. By growing the project with the help of incentives like this and leveraging the use of BNB as the reward token.
Blockchain technology ensures investment security and fair token distribution, allowing all investors to monitor their investments.Investors do not need to stake,you only need to hold HUH in your wallet, while their unique and trusted system automatically redistributes a portion of HUH tokens and BNB on every sale and purchase recorded on the network. That is, the more you hold HUH, the more BNB and HUH tokens you get!
Additionally, as a HUH token holder, the HUH system allows you to increase your token holdings depending on the buy and sell volumes generated by the HUH/BNB markets on PancakeSwap.
Risks To Consider When Investing In HUH
Like other cryptocurrencies, the HUH token is highly speculative and doesn’t have any intrinsic value. When purchasing HUH, these are certain risks to consider:
Volatility: Cryptocurrencies, typically, are highly volatile assets due to their zero-underlying value. However, these volatilities vary depending on the type of coin.
Liquidity: Investors’ initial liquidity is locked in a safe and secure vault from6-12 months to ensure security. This may be somewhat challenging to traders looking to sell quickly. Also, the 20% selling fee might be discouraging to sellers. But this is interesting, as it allows long-term investors to thrive more!
Regulation: Due to the relatively new nature of crypto, some governments haven’t fully understood its scope and potential impacts. This might result in certain stringent regulations that may or may not be favorable.
Final Thoughts
HUH is a cryptocurrency specifically designed to “Make Everyone Rich.” It encourages long-term investment with a creative strategy has discussed in this article, thereby discouraging swing trading. Although, like other digital currencies, it has its risk, nonetheless, it is a worthy crypto investment.