The original DeFi Meme token – HOGE associated with the DeFi Angels to give their project a voice on Capitol Hill as the regulatory conversation intensifies. It’s no secret that U.S. blockchain crypto companies are fighting infrastructure bill by CC This bill could create big changes in the world of DeFi over the next few years.
HOGE is an ERC20 token on the Ethereum blockchain that has a 2% tax on each transfer. Part of this tax is passed on to current holders and part is burned forever, which HOGE a deflationary cryptocurrency asset. Hoge was a fair launch project; everybody can to buy first day. Even the developers. This project is entirely made up of a decentralized community and one of the few token projects that does not have a developer portfolio, which means they are a project responsible for creating their own self-sufficient ecosystems who provide income channels to continue funding and developing their project. Hoge achieved early success by focusing on strengthening his brand, refining his Decentralized finance (DeFi), by organizing charity events and, above all, by fostering an authentic and inviting community environment.
HOGE has found a strategic ally to lead the DeFi regulatory battle and ensure its blockchain-infused voice is heard in the House. The DeFi Angels are a community of investors in the Decentralized finance (DeFi) whose exclusive member-based platform focuses on education, fair launches, and community-approved business flows. They are known for their transparency and ethics; Leveraging these core values, their community acts as a sophisticated filter for investors looking to embark on DeFi projects at an early stage. Empowering women, the DeFi Angel’s has created a safe environment for female investors to thrive in a male dominated field. They also provide a platform for new and experienced entrepreneurs to present their projects in an organic environment, where teams can answer various technical and business model questions.
Together, these two communities travel to Congress to attend meetings and engage with legislators, as well as regulatory affairs officials to create Challenge regulation. Coming with them is JP Deese & Associates, LLC will act as responsible HOGE Lobbyist and political spokesperson for a project which currently has more than sixty-five thousand (65,000) investors. In a recent comment, JP Deese said, “This is a great opportunity for crypto and Challenge spaces to come together, flesh out their own language, and aggressively advocate at the federal level for these proposed changes. The time is now; the time is ours.
To fuel the regulatory fire, Coinbase, one of America’s most popular crypto exchanges, has come under fire from the SEC for its new crypto lending product which is expected to market in the fourth quarter of this year. Coinbase’s official Twitter page released a statement online last week stating, “After months of trying to dialogue with the SEC on our planned Coinbase Lend product, we recently received a notice that it intends to take legal action against us. We believe dialogue is at the heart of good regulation, even if the SEC cannot. “
It will be interesting to see how the next few weeks leading up to the Challenge Bill passing through the House, but one thing is certain, HOGE and the DeFi Angels will have representatives at the forefront to do their utmost to give their projects and the DeFi ecosystem a chance to be heard.
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