Elon Musk, CEO of Tesla and SpaceX, said on Twitter that Web 3.0 (the idea that a decentralized version of the Internet based on crypto will eventually replace Silicon Valley’s Web 2.0) “sounds like BS” and a high Ethereum transaction rate has. He cited Dogecoin in response to a report that its fees were preventing investors from making money.
On the flip side, Twitter co-founder Jack Dorsey announced that he is leaving Twitter’s CEO to focus on developing the Web 3.0 and payment company Square, which has been renamed Block. Dorsey previously advocated the adoption of a decentralized internet, pointing out that Twitter is the driving force behind Bitcoin and its decentralized projects.
Elon Musk responded to the news by saying, “Web 3.0 sounds ridiculous” and “I thought nothing could be crazier than ’99” referring to the failed dot-com bubble in the late 1990s when investors were billions of dollars Dollars poured into internet-based businesses.
Musk continued his support for the meme-based Dogecoin by tweeting “doooge” in response to a Coindesk report that said staggering high Ethereum transaction fees are preventing smaller investors from accessing DeFi exchanges.
By leveraging blockchain technology to mimic traditional financial services without using banks or financial institutions, DeFi has become hugely popular in recent years as investors pour money into the room.
Meanwhile, the highly anticipated HUH Token (HUH) has been released on PancakeSwap and Uniswap. It looks like a serious challenger to Dogecoin, with ambitious plans to become one of the top 10 cryptocurrencies in the world.
However, HUH Token promises to be more than just another meme token, and in its whitepaper it has revealed its business plan for its real value and utility.
According to the whitepaper, “The dream of HUH Token is a decentralized metaverse in which everyone benefits from the data they produce. Whether knowledge, ideas, images, sounds or any other form of self-expression, the data generated through participation, the social Networks “. Influencers and individuals will create. believes it is an effective cryptocurrency thanks to its platform. “
HUH Token has the potential to become a hit among creative and influential communities. Musicians, artists and influencers can use this crypto currency and the associated social network “MetHUH” to monetize their work or to “impress the masses” with HUH tokens.
The creators of HUH tokens claim to have developed the world’s first cryptocurrency “UTIMEME”, which combines the power of “meme” tokens with the availability of utility tokens. “Tokenomics will rapidly increase the value of the HUH token, which will be the basis for transactions and rewards in a meaningful social network called ‘MetHUH’, where user data ownership is first taken seriously from a cryptocurrency perspective. HUH token for content sharing and engagement with the HUH social network MetHUH ‘And everyone can be rewarded’.
The makers of HUH Token locked up $ 1 million in liquidity for two years to encourage stability and long-term loyalty.
HUH Token also includes a new referral program where holders can refer others and earn 10% commission on that new person’s first investment. The commission is paid out in Binance Token (BNB) or Ethereum (ETH), depending on the crypto exchange used. Owners can continue to refer people and earn commissions indefinitely.
The founders of HUH Token seem determined to reproduce the Shiba Inu’s incredible rise and success, saying they worked with thousands of top social media influencers to promote it.
Time will tell the future of the projects, but this new cryptocurrency huh token could be a lot bigger than Dogecoin or Shiba Inu, especially given its additional features and real-world benefits.
Disclaimer: This content does not constitute investment advice. It should be known that it is an opinion and should be rated as such.
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