Most Potential Cryptocurrency: Hoo Token
The most potential cryptocurrency is HOO. It is a token of all ecological products at Hoo exchange. Its maximum supply is up to a total amount of 100 million coins. One hundred million HOO is produced through the HooPool, including liquidity mining, airdrop, trading, and no loss PoS mining. Eighty million tokens are released through the HooSwap liquidity mining. It releases more tokens used to cover the risk for impermanent loss. In addition, 20 million Hoo tokens are released in no loss PoS mining and two airdrop rounds. HooPool, a companion of HooSwap, supports the mining of the market by making the production of receipts.
At present, the circulating supply in the market is 82,430,424 pieces, and the circulating market value is 80.7158 million US dollars. The circulation rate has reached 82.43%. On September 24, 2020, HOO coin was issued at a price of $0.0286, and the return on investment has reached 3323.78%. Keep reading to understand more about Hoo tokens.
What is Hoo Token
Hoo token, also abbreviated as HOO, is an underlying asset of HSC. It is considered as being a standard token that is issued on the HSC chain. In the HSC chain, the Hoo token is equivalent to the position of ETH on Ethereum. But unlike the Ethereum chain, HOO circulating on HSC does not consume huge fees. It has the following characteristics:
• Block Hash: 3 sec
• TPS: 500+
• Consensus Mechanism: POSA
When you hold Hoo Token, what you can do
When you hold the Hoo token, you will have the link that will make you realize the governance mechanism and capital flow in the whole of the Hoo ecosystem simultaneously. Holding HOO will allow you to enjoy many interests and rights such as value-added services, participation in HSC platform business, priority experience, and exclusive activities.
As of February 2022, Hoo.com has completed the repurchase of HOO Token twice and added 30% of the handling fee generated by the repurchase to the AMM fund pool to reward users who have held and supported HOO for a long time.
Hoo is considered as HSC native chain pass; thus, it can be used in wide applications. When you hold the Hoo Token, what can you do:
1. Act as Gas Fee on HSC;
2. Participate in HooPool mining
3. Pledge HOO on HSC to obtain the dual benefits of liquidity mining and fee-sharing;
4. Discount on handling fee. Users who hold 10,000 HOO can enjoy VIP1 rights. When the holding amount reaches 500,000, you can enjoy VIP4 rights.
5. By inviting friends, you can get commission rebates;
6. Participate in gain rights projects. You will have the opportunity to enjoy the benefits such as the increase in the investment limit and the increase in basic income;
7. By staking HOO coins, 20 mainstream coins can be borrowed to meet the daily capital turnover needs of users;
8. HOO holders can enjoy the special rights and interests of platform marketing activities;
9. Those who cannot directly trade due to holding a small amount of currency can enjoy the right to exchange HOO once within 6 hours.
Advantages of Hoo Token
Hoo token has several advantages to the users:
• The Hoo token is fully capable of taking a role in ensuring digital asset transition safety. HSC will reflect the digital asset to the user by bridging the function and offering equivalent HSC tokens as feedback.
• The Hoo token can circulate stably and freely besides being more convenient, efficient, and cost-effective than any other current major asset chain in the industry.
• Holding Hoo tokens, the users can build decentralized and digital assets financial products.
• Hoo is fully compatible with BSC, HECO, and Ethereum (ERC20 Network)
• HOO circulating on HSC does not consume huge fees.
How to get Hoo Token
HOO has now been launched on six platforms. The most direct way is that users can get Hoo Token from Hoo.com spot trading. Hoo.com is a world-class blockchain assets services platform that aims to provide you reliable and safe blockchain and assets management services. In addition, it has a high-speed transfer response through a unique Hoo platform where customers can seize market opportunities on time! Click to get your first cryptocurrency on Hoo.com!