HOGL finance: A Deflationary Cryptocurrency Based on BSC
The HOGL finance whitepaper was released by the core project team in 2021, against the backdrop of the rapidly developing Binance Smart Chain (BSC) ecosystem and growing demand for deflationary crypto assets. Its aim is to address the inflation issues of traditional cryptocurrencies and incentivize holders through an innovative tokenomics model.
The theme of the HOGL finance whitepaper is “HOGL finance: A Deflationary Cryptocurrency Based on Binance Smart Chain.” What makes HOGL finance unique is its key mechanism of “2% burn and redistribution on every transaction,” designed to achieve continuous reduction of token supply and value redistribution; the significance of HOGL finance lies in providing users with a digital asset whose value continuously grows through its unique deflationary model, while also promoting ecosystem activity.
The original intention of HOGL finance is to create a decentralized digital asset with sustainable value appreciation and to promote its widespread adoption through community incentive mechanisms. The core viewpoint outlined in the HOGL finance whitepaper is: by combining “transaction burn” and “holder redistribution,” the total supply is reduced while users are incentivized to hold and promote the token, thereby achieving long-term value growth and network effects for the token.