CRYPTOCURRENCY

We Are Building Something for the Kids of Our Kids

What Hoge Finance means to the team that’s building it

By Hogefather, aka Jesse J Rogers

Here I was, just minding my own business.

I dutifully did my research and invested prudently in a diversified portfolio of solid altcoin projects. I took dollar-cost-averaged positions on ENJ at around $2.60, BAT at $1, ALGO at $1.10, CRO at $0.17, ONE at $.10, LOOM at $.11, TRX at $0.05, and MATIC at $0.25. I was nicely ahead and poised for a bright future of passive growth earned by the efforts of others.

I really do think these are all fantastic projects. Every one of them. Many have doubled or more. I planned to just hold for the rest of the bull run.

But then along came HOGE, and it stole my heart. I eventually sold off pretty much all of my other crypto holdings (many of them before they spiked, unfortunately), in order to buy into HOGE.

In my irrational exuberance, I got the bulk of my stash in just as the price was nearing its all-time high.

I’ve now lost 2/3 of my portfolio’s value by going all-in on HOGE, undoing most of the year’s gains so far.

It wasn’t the ideal entry point, I admit. It would have been great if I had found out about HOGE only one week later. But no regrets.

As the price dips, I keep buying more with whatever I can sell off and scrounge together because I’ve come to fully believe in the long-term success of this project.

This preamble is therefore to acknowledge 1) that I am not qualified to give financial advice so please do your own research and make your own decisions, and 2) that I am no longer a source for unbiased, objective evaluation. I have become a die-hard, all-in revolutionary of Hoge Nation.

What I’d like to do in this article is to explain why.

Hoge Finance History

According to Hogeman in a recent AMA that I cover here (and this has been stated elsewhere), the coin was initially abandoned by its creators soon after its launch. They turned control over to a core group of early investors which includes Hogeman. That new group took it upon themselves to advance the project and create something worthwhile. There wasn’t some master plan, nor were there any team tokens set aside. This small group reached into their own pockets to fund audits, exchange listings, company formation, and other structural necessities.

The core group has also attracted dozens more community members like me into the project. We’re volunteers that help by leveraging whatever talents and platforms we have available to us.

The new dev team and those of us who have joined them decided this was worth doing because the benefit of being the first meme-coin with deflationary tokenomics represented a marriage of two proven ideas in a mutually reinforcing way. There’s a dynamic here that has the potential to form a long-sustaining positive feedback loop.

That’s a wordy way of saying “this thing is well-designed to go to the moon and actually stay there.”

Doge has already achieved proof of concept for meme coins with its impressive success, but its inflationary tokenomics turn away a lot of potential investors that prefer coins with capped supply and guaranteed scarcity. HOGE offers that.

The brilliant design of HOGE overcomes the investor reservations about Doge. It also adds an automatic staking component and DeFi capabilities that make the token extremely holder-friendly. At the same time, the tax which funds the burn and redistribution isn’t so prohibitive that it risks stifling legitimate coin use, although it does add slight friction to speculation.

The timing of Hoge Finance was crucial. It was important to be the first in its niche in order to be the best in its class. Many copycat deflationary meme coins have arisen in the past two months, as you might imagine. But none of them have built the kind of critical mass around their memes that Hoge Finance has.

The Hoge community supports the rise of other legitimate crypto projects (it is up to individual investors and not us to determine “legitimate”). However, we do like to have playful competition with other coins in the way we meme, as you can see below.

Hoge in Our Own Words

Here’s what some of the people who most strongly believe in the project are saying about it. This is how we see it and why we put in so much unpaid work.

“What I’m looking for in Hoge ultimately is to be the model of investment decentralized finance. And truly there is no one like Hoge right now. There is no one. And even though we get a lot of publicity and flack from other tokens they’re not even close. So you’re in an extraordinarily unique project. So what I want to see in the next year is I want to bring in academic scholars who can look at this and explore the economics and explain it to other people so that we can franchise out how to grow a community…and to be sure I want to solve the gas fees once and for all. I want Hoge to be on so many networks that you can go participate, trade, and enjoy whatever Dapp or NFT or cool little community spawns there so that you do not feel like you are beholden to Uniswap and your $80-$100 gas fees, so that’s what I’m looking at. And then one day I’ll be able to rest and the community will just do it all on their own.” — Hogeman

“Here’s the thing about the BSC. We have absolutely heard the community say ‘BSC, we want it, we want it.’ Ever since the beginning, a lot of us on the inside have sort of been ‘BSC is not a good idea, not good for the long term.’ We’ve always believed that it would give us a short pump. There was never any question about that. It would introduce new volume right away. It would give us a short pump, and that would be great. But we really are trying to make the long term success of this and everyone on the core dev team, all they care about is the long term success and growth of Hoge…” — Wiser

“What Mickey Mouse did to popularize motion pictures, #HOGE will do to popularize Decentralized Finance. Prices rise, prices fall, but Hoge is here to stay.” — Jesse Rogers

“And you know what, people talk about ‘you could sell and get a lambo’, and yeah I probably could. But this is multigenerational, what we’re doing. This is going to change the lives of not our kids, but their kids. I mean, you have the opportunity to change and transform this organization into just a power for good. We’re talking for charity, we’re talking about giving back, we’re talking about building wealth past yourself.” — Jrocko3

Planned Use Cases

The Hoge brand, trademarked image, and vibrant community are all strong advantages for the movement. But what can you actually do with the HOGE token itself? Beyond keeping it as a store of value or trading it as a speculative investment, that is. The following use cases are all currently under development.

1. NFT minting. Artists will use HOGE to mint NFTs, and collectors will use HOGE to buy from them. There will also be partnerships and integration with other NFT related projects, such as Chonk.finance
2. e-sports. There will be tournaments sponsored by Hoge Finance in which fees and prizes are denominated in HOGE. Additionally, once gas fees are lowered there will be browser games, possibly paid for through a privacy-respecting ad-supported ecosystem like Brave. Small amounts of HOGE or collectible NFTs can periodically be won by players in the browser game.
3. e-commerce. Hoge Finance branded merchandising will raise brand awareness and accept payments in the HOGE token.
4. Charity. There have already been successful efforts to organize animal shelter donations, and more are being planned.
5. Voting rights. A Decentralized Autonomous Organization is under construction, and it will use HOGE tokens as part of how decision-making influence will be apportioned. The particulars are still being debated at nation.hoge.finance if you want to have your voice heard on this issue.

Values of the Global Movement

As mentioned above, the governance relationships between the Hoge company, the Hoge foundation, the yet-to-be-created DAO, Hoge Core, the larger community, and the actual HOGE token are still being determined.

Again, these decisions aren’t being made top-down. The community is sorting this out together at nation.hoge.finance. In other words, Hoge Finance isn’t something that will belong to a tech guru with a massive ego. We are each co-authoring it.

I’ve been as vocal as possible because I want to shape this movement in a way that emphasizes the values that I believe in. This isn’t to say my vision is the one that will crystalize. Everything I’m saying below is provisionally what could be the shape of the movement if the rest of the community agrees wants that.

If you disagree with what I have to say, help me understand why in the comments. As John Maynard Keynes put it, “when the facts change, I change my mind.”

The thing about a meme coin is that no one is going to do this work of promotion for us. There is no cavalry coming. If things happen, it is only because we in the Hoge community each take it upon ourselves to make things happen. That’s what it means to be Hoge Army. So if you think I’m right about what I’m thinking, don’t just nod along. Take action! Spread this as far and as wide to help make it a reality!

Skillbuilding and Mentoring

We help each other develop skills. I’m working with a group of helpful mentors like Jrocko3 that are giving me free rein to express my creativity in a way that continuously develops my abilities to a more professional level. We have many talented artists that are eager to share their work as well as help to cultivate less experienced amateurs. If there’s something creative you want to learn and improve at, contact [email protected]. Tell them how you could contribute and let’s figure out how to plug you in. In this way, we all grow and prosper individually through skill attainment, but also help each other to grow a greater capacity to promote the brand.

Tactical Empathy

I believe one of the most important skills that can be developed is communication, specifically negotiation. Not everyone can be an artist or a programmer, but we can all learn to express ourselves more effectively. I think strong, healthy communication should be a noticeable feature when people interact with the Hoge community.

International, Nonpoliticized Love

In the coming months, we’ll be on a variety of exchanges that provide complete coverage of the globe. Anyone from anywhere (yes, including the USA) will be able to buy HOGE on a trusted exchange for a low cost.

We will also translate our content into more and more languages.

We want to be a unifying force in the world that brings people from everywhere together in a positive, trust-building way. That is the only way to real wealth.

I don’t generally want to pick sides in national or political disputes because I think we should invite a chorus of voices and I don’t want to alienate anyone. But I also don’t think we can or should completely ignore engagement with the issues of our time. I especially think we have to take a stand to support pro-crypto legislators and officials across the political spectrum, for instance.

Beyond politics, I also think that we should deliberately use our art, talent, courage, and love of animals to overcome hatred and cruelty.

The best example of the kind of attitude I want Hoge Finance to be known for is an Italian street artist named Cibo. I doubt he knows about HOGE yet, let’s get real. But what I’m saying is that what he does through fruit, I’d love to see HOGE artists emulate using street art of our own brand. Since I’m a fan of his work, I’d especially love it if he does find out about us and mints NFTs of his art on our platform someday!

I hope all of this explains why I’ve evolved from being a standard straight-laced investor evaluating things on the basis of projected returns and sober analysis to something more of a revolutionary zealot. I’ve become absolutely hellbent on making the world more like what it could be, costs be damned.

Careful, kiddos. Hoge will do that to you.

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