Bitcoin pulse, guides and news: 10/02/21

Saturday, October 2, 2021

Status Update - October 2, 2021 - HOGETOBER IS COMING

Quoting one of my favorite Telegram personalities (Haywood): "HOGETOBER IS COMING"

It's coming guys. Q4. Stay bullish with me everyone. Price action might not be ideal but I see it as getting ready to fuel up to grow and grow.

Stages of Progress
I am going to try a new method to quantify progress on projects. These are *rough* estimates but I hope this helps you see the relative progress that is being made with each one.

Stage 1 - Concept. An idea was proposed and is the initial building stages. A project manager is being vetted, ideas are being fleshed out and research of the subject matter is being done.
Stage 2 - Planning and Development. A project manager has been selected, funding is sourced or being sourced, a team is being assembled and a framework is being made.
Stage 3 - Building. Code (or otherwise) is being written and the the actual digital nuts and bolts are being created.
Stage 4 - Testing. The framework is done but is going through thorough verification and validation. Audits will happen at this stage too if needed.
Stage 5 - Minimum Viable Product. An alpha version has been created. There are bugs to fix but a workable project is now available.

Revenue Projects Updates

Hoge NFT Marketplace (Stage 3)
1. Project Mangers: Reconlion & Mesh. Marketplace is in full development! We have assembled a small secondary team with varying backgrounds to begin laying the foundation of growth for the marketplace. ETH, L2 solutions and HOGE will be supported for buys and sells! We will leverage our current knowledge of NFTs to help artists develop their own projects and as the marketplace grows, we will enhance the marketplace by allowing new options to be added for all users which will help innovate and develop DeFi growth. Moreover, Recon has also wrapped up the first Hoge POAP this week - it was a guerrilla launch to understand how to use POAPs along with the process. If interested in more please check out the post and apply! https://nation.hoge.finance/threads/313/
HogeFaucet (Stage 3)
1. Project Mangers: Hogeman. Really moving on this one, HogeFaucet will be a revenue bearing endeavor as soon as it is up and running! The idea is to allow anyone to be able to stake reflection tokens with HOGE getting a small percent back from them as well as promoting the HOGE brand everywhere.
Hogemint Expansion (Stage 3)
1. Project Managers: Hogeman. Hogemint was a huge success and we are looking to expand it as a revenue bearing venture. Currently being planned and developed but will take the original idea and expand it to allow many others to mint NFTs via our printer tech.
HAI Space Program (Stage 3)
1. Project Managers: Hogeman & Aloe. #NASA #Education #Industry #Space #Industry Partnerships being sought and private investors are being spoken to. TONS of utility and revenue bearing channels here. Other than that, this will be close to the vest until ready to launch and also HAI project managers will release on own schedule.
HogeSwap + HogeBridge (Stage 3)
1. Project Managers: Wiser & Z. HogeSwap is currently being internally developed and will incorporate DAO features and will be used to enable staking with HOGE getting fees. As for HogeBridge looking for ADA and SOL bridges in Q4.
GuardHoge (Stage 1)
1. Project Managers: TBD. HOGE as the guard dog of all crypto projects and protector of rugpulls. Leveraging our insanely decentralized community and supreme flat wallet to provide a service NO ONE else can because only HOGE is this decentralized. Revenue bearing as people pay fees to get GuardHoge to provide insurance for their assets.

Hoge DAO

Project Managers: SaintC, Mesh, Daniyal, Wiser
1. DAO Lead Developers: Hoge Historian, Durendal,
2. Supporting Developers: Laurentz, Kurtis, Gorest
3. Roadmap Development: SaintC, Mesh, Tammi, Wiser, Daniyal
HOGE DAO Roadmap (Phase 2)
1. Hoge Brand (Stage 5) - It has been open sourced and decentralized and now anyone can use the brand. There are a caveats in place. You cannot trademark the Hoge brand. You cannot make another token. You cannot use it where it is illegal and/or outside the jurisdiction where you operate.
2. Hoge DAO Membership & Voting Tool (Community Campaign - Stage 3) - QA testing ETA October. A number of volunteers will be required for the testing. Further details forthcoming!
3. HOGE DAO Project Crowdfunding Platform (Formerly HogeStarter - Stage 3). Imagine a TaskRabbit, Patreon, Kickstarter wherein a community-based, DAO-powered, governance token utilized way to propose ideas and get funded for them. Hoge DAO dapp will use HOGE token as utility token. At this stage there is no community appetite to create a governance token.
Hoge DAO Grant Application (Stage 5) - The grant application is competed and has been submitted! - waiting for final results in due course.
HOGE DAO Phase 3
1. Hoge DAO War Chest (Stage 2) - Ultimately, all revenue bearing projects will put a portion of funds into the DAO War Chest which will be then used to perpetuate further projects and perpetually grow all aspects of Hoge and all the properties and projects under the Hoge Association.
Hoge DAO Community Feedback Polls (Stage 5) - Hoge Association has developed a way to track consensus and sentiment across the different communities to vote on and/or gauge which directions to head towards.
Hoge Association Website (Stage 5) - Website up! Separate and apart from hogefinance.com and it covers all aspects of the association, branding, legal, etc.
Hoge DAO Educational Materials (Stage 3) - Once the DAO is up and running, at least in an alpha format, we will need to educate holders and/or prospective holders on how to actually participate in DAO activities. 3 DAO videos on are being prepared in conjunction with Hoge University.

Hoge University

Project Managers: JRocko & Mesh
The Basics - The future thought leader in consumable and value filled DeFi education will go live SOON! Whether you've been this space for years or today is your first day, HOGE university will make it fun and easy to learn about the blockchain industry. HOGE will be the repository of education available for free to everyone in the crypto space and especially for HOGE holders (learn about DAOs, staking, farming, Uniswap, DEXes, wallets, etc.)
Hoge Calculator App - BETA is up! Currently reads ETH wallets, Phase II will allow for BSC wallets and eventually other blockchains. Please check it out and give feedback! https://www.hogeuniversity.org/calculator
1. Hoge/Doge Calculator - compare Hoge vs Doge historical data, prices and when Hoge should flip Doge in terms of supply and/or market cap.
2. Reflection Calculator - calculate how much Hoge has been earned throughout you holding Hoge this entire time. This can also be used to earmark a certain amount of reflections (essentially 'free' money) back to the community for future projects.
3. Hoge/Million - see in an easy way how to calculate how much Hoge you will need to become a future millionaire.
Revenue
1. Advertisement - a banner ad to be inserted on crypto calculator page for a weekly or monthly sponsor. We will offer this space for ad revenue or as a perk to exchanges who list HOGE - “This months calculator has been sponsored by [Sponsor Name] Here.”
2. Articles for sale - we will curate an article by one of our writers and allow others to use said articles for a fee - that is, HOGE will share in profits.
3. Courses for sale - you will have a chance to sponsor a course with your logo and title in the videos and descriptions. For example, “This course made free to you by Coinbase!”
4. Hoge University will start offering our services for writing articles, creating videos, and helping bridge the gap with other crypto communities for a fee. This fee will pay for developers to create content, pay the platform (yearly costs are approximately $3k USD). Additional revenue funds will be sent to the Association to add to the DAO war chest.
Hoge University Content
1. Crypto Newbie Course Creation (Stage 1) - Thinking of defining basic terms such as CEX vs DEX, trust score on exchanges, wash trading, explaining fiat. If anyone has any suggestions please contract JRocko (@jrocko3) on Telegram.
2. Cross-collaboration with Rocket Bunny regarding creation of a course on Solidity (programming language for smart contracts).
Non-Profit Status - Currently looking to create a US registered non-profit and finish the website. We are about $1.4k USD away from being able to finish raising funds. Once non-profit is finished we can apply for educational grants.
Future Roadmap
1. Purchase annual accounts for video hosting and production tools. This will enable us to add all YouTube videos to an articles section and update all course videos with new hosting.
2. Formal creation of a non-profit, Hoge University, and create a business model utilizing advertisement space for the various tools and articles under Hoge University's platform.
3. Onboard community developers to produce a variety of educational content for cryptocurrency and DeFi. We can connect crypto projects to the community and ultimately write articles, make videos, and eventually link revenue with the Hoge Association. The general idea would allow for people to post on Hoge University and the Association and University to split profit wherein the goal is for Hoge University to become self-funding.
4. In addition, we can offer exchanges and also other partners in the space additional incentives to list us by giving sponsor status to the website.
5. Tighten any web security issues to make sure the platform is absolutely safe to use for people around the world.
6. Explore videos and teaching materials in foreign languages.

eGaming // Virtual Pangea (HOGE GAMING STUDIO)

Virtual Pangea
1. We are bringing a new opportunity to the Hoge ecosystem! For the past few months, we have been exploring different methods to generate revenue for Hoge to fuel its development. The continued growth of Hoge as a whole is very much dependent on our community's ability to be innovative in the crypto space and to adapt nascent technologies. With this in mind, we are presenting a new tangible funding opportunity that will assist in the stabilization of the Hoge ecosystem.
2. Current Status (Stage 1)
  1. Cofounders: Saint C, Andreea, Mesh (To support this new endeavor, all three cofounders have left or significantly reduced their involvement in their main occupations/jobs)
  2. Gaming Studio and Development Team: Megahogeman, Parameter, Kasa, Issac, Pierce, Denis, Lilie, Shant.
  3. Additional Support: Wiser, Hayden, Tammi, Jrocko3, Reconlion, and F.
  4. Establishment of a Swiss entity and a Gaming Studio.
  5. Fundraising campaign to develop a gaming platform and a gaming studio with much work already in progress.
3. Next Stages and 2022 (Stage 2)
  1. Release of a Hoge themed game to promote the Hoge image to a broader audience.
  2. Launch of a platform to attract new individuals to the crypto space by using NFTs, gaming and educational content.
  3. Full development of a gaming platform.
  4. Attract institutional investors.
  5. Release utility token for the platform.
4. Revenue Generation
  1. Raising revenue for Hoge University and other Hoge based initiatives.
  2. Hoge Brand recognition with development of Hoge branded content.
  3. Donation to the Hoge DAO war chest in the form of a percentage of the utility tokens. (Additional details are to be released as the project advances).
5. For more information, stay tuned to the following channels:
eSports tournament with HUGE soccer/futbol stars (Chicharito!!!!) coming up on Twitch!
We had another successful livestreaming Rocket League event just on Saturday and will continue to host and participate in partnerships and prizes as another revenue idea. We are looking to formulate a CS:GO team as well as any LoL or Starcraft (I or II) players. Please contact or DM Wiser on Telegram (@Wiser29) or Hogeman on Telegram (@hogemanog).
Check out the CRYPTIC NEXUS RL League! Please register your team on the website and sign-up for the league THIS WEEK so you can be included in the campaign ads! https://smash.gg/tournament/cryptic-nexus-rocket-league/details
Hoge Man (Mega Man) is an absolutely epic port of the original NES MegaMan but in the HOGE style! Check out our very own game by Eamonn! https://twitter.com/MegaHogeMan
Hoge eGaming arcade (Stage 3) Project Managers: Stripey & Zembahk. The two have been building silently through the nights and the HOGE Charity arcade is well into production. https://hoge.fun/

Partnerships

De-Fi Angels - Working together with DeFi Angels about creating a collaborative course in regards to searching for legitimate tokens. Again, we are using our expertise in legal formation and our reputation for being a professional organization to help the crypto world at large find valuable and quality information.
Hoge Lobbyist - We are in Washington DC now! One of our newest Hoge partners is literally lobbying Congress to push for crypto freedom and fighting for all of our right to own, transact and hold crypto! https://www.congress.gov/bill/117th-congress/house-bill/3684 FIGHT AGAINST H.R. 3684! Further information here: https://cointelegraph.com/news/breaking-us-lawmakers-behind-crypto-amendments-to-infrastructure-bill-introduce-compromise
Wen Chicharito! - soccer/futbol legend himself will be working with us in our eGaming soccer tournament! (more info forthcoming)
Virtual Pangea - our new gaming project announced) will make a considerable donation in 2022 to the HOGE DAO war chest.

Social Updates

Weekly AMA/Voice Chat schedule:
1. Mondays - Twitter Spaces AMA @ 2PM EST
2. Wednesday - Twitter Spaces Happy Hour (usually evening time EST)
3. Friday - Twitter Spaces Happy Hour @ 4PM EST
Charity - We will have another $10k USD donation to a charity this month!
50/50 Merch Collection is approaching! 50% of the profit goes directly to charity and 50% to the HOGE DAO to fun the growing ecosystem, Aiming for launch with NEW HOGE Merch store. Coming to HOGEFINANCE.com just in time for holiday season:)
HOGE 2.0 The Rebirthed Non-Fungible Giveaway - 50 random HOGE Weekly subscriber's were selected to receive on of the genesis HOGE 2.0 collections to commemorate the launch of our new website. These NFTs were minted on the Polygon Network which is a first for HOGE and a step in he right direction to avoid the high gas fees. NFTs will be sent out this weekend!
Please subscribe to my calendar to catch all Hoge Finance events! It is available on iCal format so anyone should be able to add it to their phone in seconds! Calendar was recently updated with additional information so subscribe to stay on top of events! https://calendar.google.com/calendar/ical/thedavepool17%40gmail.com/public/basic.ics

#HOGEverywhere

#HOGEeverywhere - Whether its HOGE NFTs, #HOGEeverywhere swag, or a custom HOGE meme profile image, we plan for HOGE to be everywhere. Literally. #HOGEeverywhere shirts are coming that will include a QR code on them so when you're waiting in line at Starbucks people can just privately grab their phone scan that QR code and you can take them to our sites and our channels and have them learn and demystify everything that about HOGE.
Bulldog Hoge! - Special thanks to Clo Brwn who went out of his way to get some awesome swag out to Frank the bulldog! https://www.reddit.com/r/hoge/comments/pwrntn/frank_sporting_his_custom_patches_he_received/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
HogeShop - We are planning a new initiative which will push the HOGEeverywhere concept even further than before. A part of that is to create a universal merchandise platform that will sell many, many different products as well as integration with crypto.
Hoge ATMs (Stage 1 - Project Mangers: TBD). Wouldn't it be neat to be able to get Hoge from ATMs? We are actively looking into this for places all around the world.
IRLHoge (Stage 1 - Project Managers: TDB). A proof of concept will be out shortly this month. You want HOGEeverywhere and merchandise and the ability to buy Hoge with fiat?

HOGE 2.0 (OUR DIGITAL PLATFORM)

HOGE 2.0 - The rebirth. If you are a holder or a prospective holder, you do not need to do anything. The campaign name is meant to convey the level up is coming is many ways that aligns and operationalizes all the things HOGE naturally does so well - a Rebirth if you will.
Wheel of Wonder - With our Wheel of Wonder we plan to have DAILY incentives to be a HOGE holder and create higher levels of retention. What's this mean? Farms, LPs, staking, prizes, etc. The Wheel of charitable wonder will become a way to incentive community members to give back to the charitable organizations we partner with and provide a gaming experience that includes a HOGE infused gift with every spin. This experiential HOGE initiative will authentically help engage holders , retain net new holders & provide our partners with a fun way to give back to their charity partners. This IP will take HOGE from a donation based business model to a revenue positive endeavor.
Website - Huge incredible shoutouts to the team, especially The Chosen One and Gorest for putting in hundreds of hours and putting together an incredible update to our website. Work is still ongoing but please check out the new enhanced 2.0 website that will set us up for the future.
E-mail Blast - Do yourself a favor and take a moment to go to HOGE finance and sign up for the e-mail list if you have not already! Go to https://hoge.finance/ to sign up to get the latest scoop on all HOGE things!
Social Media Automation - Twitter + Reddit + Telegram. We've been working on using each community (at least those 3) to integrate with each other. We've got some really neat concepts that are being made internally (credit to theDan and HogeHistorian) that will enable HOGErs to communicate and utilize tools across platforms with just mere keystrokes or inputs.
Media - Several new articles dropped recently including USA Today & Bitcoin.com! Expect more articles to drop on USA Today and other media outlets. More articles dealing with more of our projects as seen above are expected to drop on a variety of outlets in the next few months!

Help Wanted

Full Stack Developers - Are you a developer that wants to work on cutting edge blockchain tech? Do you want to expand your resume (dapps, solidity, smart contracts)? Do you want to take your hobbies or interests and expand them with Hoge? If so, please DM me personally. You can msg me below, direct message or chat with me or hit me up on telegram @ thedavepool.
Project Managers - Are you an organized person who wants to take charge of a project? Do you have any experience in managing any projects? If so, we want you! We at HOGE are a community project and are full of great ideas and need a bit more help with execution of projects - whether they be your own or you join an existing project!
Writers - Maybe coding or doing art is not your thing but you know how to write cleanly and succintly - WE NEED YOUR SKILLS! Whether it be for HOGE or frankly any company, we need writers to write articles, blogs, help craft tweets, marketing materials and so on! If you want to build up your skills and work on your portfolio, please let me know!
UX/UI Designers - We are in need of some kickass UX/UI designers! Do you want to design beautiful layouts and integrate your ideas into various Hoge projects? We've got a home for you. Please contact reconlion (@reconlion) on Telegram or [marketing@hoge.finance](mailto:marketing@hoge.finance)
Shovelers! Have you ever taken an enneagram test? It is similar to a Myers-Briggs test but I personally think it is superior. We need people, ALL kinds of people to join HOGE. When we say community coin we are not kidding!! Try the test out, see what you get, let me know if you want to join any of our myriad of projects! https://www.eclecticenergies.com/enneagram/test
Donations - I know all of us can't donate money for various projects but if you have some time to spare you can donate that for Hoge. One of our beloved members, Mamma Kass, has used this in the past and has vouched that it has worked for her. Give it a try! www.rewardxp.com

Exchanges

Top 5 exchange is looming. Yes, the total donation amount "appears" to be down but don't be dismayed. This amount can wildly increase when our price increases. Remember, the best part is that the liquidity that we provide (approximately 300k) can be further re-cooped if we hit certain requirements (i.e., volume) which I have no doubt we can achieve in due time which means that we will have a chance to essentially double-dip our investment.
Three exchanges in one. We've received word that upon listing with a Top 5 exchange we will be in position to add two more top level exchanges, The Top 5 exchange clearly paves us toward more exchange listings.
USA Exchange - Audit ✔ Legal ✔ Community ✔ Non-security ✔ How many coins such as ours (an audited meme based DeFi coin) are on US exchanges? Outside of Doge/Shib basically ZERO. HOGE will most likely be one of the first and one of the only tokens to be listed by one of them.
Additional exchanges - We have not closed the door on any other exchanges including a very nice fiat on-ramp top 120 Global Exchange. We are looking for exchanges that help expand our brand and do not engage in wash trading.
Binance Smart Chain. Yes, we are on BSC and this is by far the cheapest decentralized way to get HOGE (Pancakeswap and also on Padswap). Yes, one doesn't collect autostaking reflections (but there is also no tax as well) and there are other benefits to HOGE on BSC and that comes in the form of staking and farming. Buying it via PancakesSwap or PadSwap works in the exact same way as buying it on Uniswap except you need BNB as currency instead of ETH. Easiest way to giveswap ETH to BNB is probably using one of the swap like https://stealthex.io/ and then it is a matter of connecting your wallet to a PCS or PadSwap and off you go. Currently, PancakeSwap offers higher volume so more short term rewards for staking but PadSwap offers higher rewards for farming if you want to hold longer.

Status Update - October 2, 2021 - HOGETOBER IS COMING

Quoting one of my favorite Telegram personalities (Haywood): "HOGETOBER IS COMING"

It's coming guys. Q4. Stay bullish with me everyone. Price action might not be ideal but I see it as getting ready to fuel up to grow and grow.

Stage 1 - Concept. An idea was proposed and is the initial building stages. A project manager is being vetted, ideas are being fleshed out and research of the subject matter is being done.
Stage 2 - Planning and Development. A project manager has been selected, funding is sourced or being sourced, a team is being assembled and a framework is being made.
Stage 3 - Building. Code (or otherwise) is being written and the the actual digital nuts and bolts are being created.
Stage 4 - Testing. The framework is done but is going through thorough verification and validation. Audits will happen at this stage too if needed.
Stage 5 - Minimum Viable Product. An alpha version has been created. There are bugs to fix but a workable project is now available.

Revenue Projects Updates

Hoge NFT Marketplace (Stage 3)
1. Project Mangers: Reconlion & Mesh. Marketplace is in full development! We have assembled a small secondary team with varying backgrounds to begin laying the foundation of growth for the marketplace. ETH, L2 solutions and HOGE will be supported for buys and sells! We will leverage our current knowledge of NFTs to help artists develop their own projects and as the marketplace grows, we will enhance the marketplace by allowing new options to be added for all users which will help innovate and develop DeFi growth. Moreover, Recon has also wrapped up the first Hoge POAP this week - it was a guerrilla launch to understand how to use POAPs along with the process. If interested in more please check out the post and apply! https://nation.hoge.finance/threads/313/
HogeFaucet (Stage 3)
1. Project Mangers: Hogeman. Really moving on this one, HogeFaucet will be a revenue bearing endeavor as soon as it is up and running! The idea is to allow anyone to be able to stake reflection tokens with HOGE getting a small percent back from them as well as promoting the HOGE brand everywhere.
Hogemint Expansion (Stage 3)
1. Project Managers: Hogeman. Hogemint was a huge success and we are looking to expand it as a revenue bearing venture. Currently being planned and developed but will take the original idea and expand it to allow many others to mint NFTs via our printer tech.
HAI Space Program (Stage 3)
1. Project Managers: Hogeman & Aloe. #NASA #Education #Industry #Space #Industry Partnerships being sought and private investors are being spoken to. TONS of utility and revenue bearing channels here. Other than that, this will be close to the vest until ready to launch and also HAI project managers will release on own schedule.
HogeSwap + HogeBridge (Stage 3)
1. Project Managers: Wiser & Z. HogeSwap is currently being internally developed and will incorporate DAO features and will be used to enable staking with HOGE getting fees. As for HogeBridge looking for ADA and SOL bridges in Q4.
GuardHoge (Stage 1)
1. Project Managers: TBD. HOGE as the guard dog of all crypto projects and protector of rugpulls. Leveraging our insanely decentralized community and supreme flat wallet to provide a service NO ONE else can because only HOGE is this decentralized. Revenue bearing as people pay fees to get GuardHoge to provide insurance for their assets.

Hoge DAO

Project Managers: SaintC, Mesh, Daniyal, Wiser
1. DAO Lead Developers: Hoge Historian, Durendal,
2. Supporting Developers: Laurentz, Kurtis, Gorest
3. Roadmap Development: SaintC, Mesh, Tammi, Wiser, Daniyal
HOGE DAO Roadmap (Phase 2)
1. Hoge Brand (Stage 5) - It has been open sourced and decentralized and now anyone can use the brand. There are a caveats in place. You cannot trademark the Hoge brand. You cannot make another token. You cannot use it where it is illegal and/or outside the jurisdiction where you operate.
2. Hoge DAO Membership & Voting Tool (Community Campaign - Stage 3) - QA testing ETA October. A number of volunteers will be required for the testing. Further details forthcoming!
3. HOGE DAO Project Crowdfunding Platform (Formerly HogeStarter - Stage 3). Imagine a TaskRabbit, Patreon, Kickstarter wherein a community-based, DAO-powered, governance token utilized way to propose ideas and get funded for them. Hoge DAO dapp will use HOGE token as utility token. At this stage there is no community appetite to create a governance token.
Hoge DAO Grant Application (Stage 5) - The grant application is competed and has been submitted! - waiting for final results in due course.
HOGE DAO Phase 3
1. Hoge DAO War Chest (Stage 2) - Ultimately, all revenue bearing projects will put a portion of funds into the DAO War Chest which will be then used to perpetuate further projects and perpetually grow all aspects of Hoge and all the properties and projects under the Hoge Association.
Hoge DAO Community Feedback Polls (Stage 5) - Hoge Association has developed a way to track consensus and sentiment across the different communities to vote on and/or gauge which directions to head towards.
Hoge Association Website (Stage 5) - Website up! Separate and apart from hogefinance.com and it covers all aspects of the association, branding, legal, etc.
Hoge DAO Educational Materials (Stage 3) - Once the DAO is up and running, at least in an alpha format, we will need to educate holders and/or prospective holders on how to actually participate in DAO activities. 3 DAO videos on are being prepared in conjunction with Hoge University.

Hoge University

Project Managers: JRocko & Mesh
The Basics - The future thought leader in consumable and value filled DeFi education will go live SOON! Whether you've been this space for years or today is your first day, HOGE university will make it fun and easy to learn about the blockchain industry. HOGE will be the repository of education available for free to everyone in the crypto space and especially for HOGE holders (learn about DAOs, staking, farming, Uniswap, DEXes, wallets, etc.)
Hoge Calculator App - BETA is up! Currently reads ETH wallets, Phase II will allow for BSC wallets and eventually other blockchains. Please check it out and give feedback! https://www.hogeuniversity.org/calculator
1. Hoge/Doge Calculator - compare Hoge vs Doge historical data, prices and when Hoge should flip Doge in terms of supply and/or market cap.
2. Reflection Calculator - calculate how much Hoge has been earned throughout you holding Hoge this entire time. This can also be used to earmark a certain amount of reflections (essentially 'free' money) back to the community for future projects.
3. Hoge/Million - see in an easy way how to calculate how much Hoge you will need to become a future millionaire.
Revenue
1. Advertisement - a banner ad to be inserted on crypto calculator page for a weekly or monthly sponsor. We will offer this space for ad revenue or as a perk to exchanges who list HOGE - “This months calculator has been sponsored by [Sponsor Name] Here.”
2. Articles for sale - we will curate an article by one of our writers and allow others to use said articles for a fee - that is, HOGE will share in profits.
3. Courses for sale - you will have a chance to sponsor a course with your logo and title in the videos and descriptions. For example, “This course made free to you by Coinbase!”
4. Hoge University will start offering our services for writing articles, creating videos, and helping bridge the gap with other crypto communities for a fee. This fee will pay for developers to create content, pay the platform (yearly costs are approximately $3k USD). Additional revenue funds will be sent to the Association to add to the DAO war chest.
Hoge University Content
1. Crypto Newbie Course Creation (Stage 1) - Thinking of defining basic terms such as CEX vs DEX, trust score on exchanges, wash trading, explaining fiat. If anyone has any suggestions please contract JRocko (@jrocko3) on Telegram.
2. Cross-collaboration with Rocket Bunny regarding creation of a course on Solidity (programming language for smart contracts).
Non-Profit Status - Currently looking to create a US registered non-profit and finish the website. We are about $1.4k USD away from being able to finish raising funds. Once non-profit is finished we can apply for educational grants.
Future Roadmap
1. Purchase annual accounts for video hosting and production tools. This will enable us to add all YouTube videos to an articles section and update all course videos with new hosting.
2. Formal creation of a non-profit, Hoge University, and create a business model utilizing advertisement space for the various tools and articles under Hoge University's platform.
3. Onboard community developers to produce a variety of educational content for cryptocurrency and DeFi. We can connect crypto projects to the community and ultimately write articles, make videos, and eventually link revenue with the Hoge Association. The general idea would allow for people to post on Hoge University and the Association and University to split profit wherein the goal is for Hoge University to become self-funding.
4. In addition, we can offer exchanges and also other partners in the space additional incentives to list us by giving sponsor status to the website.
5. Tighten any web security issues to make sure the platform is absolutely safe to use for people around the world.
6. Explore videos and teaching materials in foreign languages.

eGaming // Virtual Pangea (HOGE GAMING STUDIO)

Virtual Pangea
1. We are bringing a new opportunity to the Hoge ecosystem! For the past few months, we have been exploring different methods to generate revenue for Hoge to fuel its development. The continued growth of Hoge as a whole is very much dependent on our community's ability to be innovative in the crypto space and to adapt nascent technologies. With this in mind, we are presenting a new tangible funding opportunity that will assist in the stabilization of the Hoge ecosystem.
2. Current Status (Stage 1)
  1. Cofounders: Saint C, Andreea, Mesh (To support this new endeavor, all three cofounders have left or significantly reduced their involvement in their main occupations/jobs)
  2. Gaming Studio and Development Team: Megahogeman, Parameter, Kasa, Issac, Pierce, Denis, Lilie, Shant.
  3. Additional Support: Wiser, Hayden, Tammi, Jrocko3, Reconlion, and F.
  4. Establishment of a Swiss entity and a Gaming Studio.
  5. Fundraising campaign to develop a gaming platform and a gaming studio with much work already in progress.
3. Next Stages and 2022 (Stage 2)
  1. Release of a Hoge themed game to promote the Hoge image to a broader audience.
  2. Launch of a platform to attract new individuals to the crypto space by using NFTs, gaming and educational content.
  3. Full development of a gaming platform.
  4. Attract institutional investors.
  5. Release utility token for the platform.
4. Revenue Generation
  1. Raising revenue for Hoge University and other Hoge based initiatives.
  2. Hoge Brand recognition with development of Hoge branded content.
  3. Donation to the Hoge DAO war chest in the form of a percentage of the utility tokens. (Additional details are to be released as the project advances).
5. For more information, stay tuned to the following channels:
eSports tournament with HUGE soccer/futbol stars (Chicharito!!!!) coming up on Twitch!
We had another successful livestreaming Rocket League event just on Saturday and will continue to host and participate in partnerships and prizes as another revenue idea. We are looking to formulate a CS:GO team as well as any LoL or Starcraft (I or II) players. Please contact or DM Wiser on Telegram (@Wiser29) or Hogeman on Telegram (@hogemanog).
Check out the CRYPTIC NEXUS RL League! Please register your team on the website and sign-up for the league THIS WEEK so you can be included in the campaign ads! https://smash.gg/tournament/cryptic-nexus-rocket-league/details
Hoge Man (Mega Man) is an absolutely epic port of the original NES MegaMan but in the HOGE style! Check out our very own game by Eamonn! https://twitter.com/MegaHogeMan
Hoge eGaming arcade (Stage 3) Project Managers: Stripey & Zembahk. The two have been building silently through the nights and the HOGE Charity arcade is well into production. https://hoge.fun/

Partnerships

De-Fi Angels - Working together with DeFi Angels about creating a collaborative course in regards to searching for legitimate tokens. Again, we are using our expertise in legal formation and our reputation for being a professional organization to help the crypto world at large find valuable and quality information.
Hoge Lobbyist - We are in Washington DC now! One of our newest Hoge partners is literally lobbying Congress to push for crypto freedom and fighting for all of our right to own, transact and hold crypto! https://www.congress.gov/bill/117th-congress/house-bill/3684 FIGHT AGAINST H.R. 3684! Further information here: https://cointelegraph.com/news/breaking-us-lawmakers-behind-crypto-amendments-to-infrastructure-bill-introduce-compromise
Wen Chicharito! - soccer/futbol legend himself will be working with us in our eGaming soccer tournament! (more info forthcoming)
Virtual Pangea - our new gaming project announced) will make a considerable donation in 2022 to the HOGE DAO war chest.

Social Updates

Weekly AMA/Voice Chat schedule:
1. Mondays - Twitter Spaces AMA @ 2PM EST
2. Wednesday - Twitter Spaces Happy Hour (usually evening time EST)
3. Friday - Twitter Spaces Happy Hour @ 4PM EST
Charity - We will have another $10k USD donation to a charity this month!
50/50 Merch Collection is approaching! 50% of the profit goes directly to charity and 50% to the HOGE DAO to fun the growing ecosystem, Aiming for launch with NEW HOGE Merch store. Coming to HOGEFINANCE.com just in time for holiday season:)
HOGE 2.0 The Rebirthed Non-Fungible Giveaway - 50 random HOGE Weekly subscriber's were selected to receive on of the genesis HOGE 2.0 collections to commemorate the launch of our new website. These NFTs were minted on the Polygon Network which is a first for HOGE and a step in he right direction to avoid the high gas fees. NFTs will be sent out this weekend!
Please subscribe to my calendar to catch all Hoge Finance events! It is available on iCal format so anyone should be able to add it to their phone in seconds! Calendar was recently updated with additional information so subscribe to stay on top of events! https://calendar.google.com/calendar/ical/thedavepool17%40gmail.com/public/basic.ics

#HOGEverywhere

#HOGEeverywhere - Whether its HOGE NFTs, #HOGEeverywhere swag, or a custom HOGE meme profile image, we plan for HOGE to be everywhere. Literally. #HOGEeverywhere shirts are coming that will include a QR code on them so when you're waiting in line at Starbucks people can just privately grab their phone scan that QR code and you can take them to our sites and our channels and have them learn and demystify everything that about HOGE.
Bulldog Hoge! - Special thanks to Clo Brwn who went out of his way to get some awesome swag out to Frank the bulldog! https://www.reddit.com/r/hoge/comments/pwrntn/frank_sporting_his_custom_patches_he_received/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
HogeShop - We are planning a new initiative which will push the HOGEeverywhere concept even further than before. A part of that is to create a universal merchandise platform that will sell many, many different products as well as integration with crypto.
Hoge ATMs (Stage 1 - Project Mangers: TBD). Wouldn't it be neat to be able to get Hoge from ATMs? We are actively looking into this for places all around the world.
IRLHoge (Stage 1 - Project Managers: TDB). A proof of concept will be out shortly this month. You want HOGEeverywhere and merchandise and the ability to buy Hoge with fiat?

HOGE 2.0 (OUR DIGITAL PLATFORM)

HOGE 2.0 - The rebirth. If you are a holder or a prospective holder, you do not need to do anything. The campaign name is meant to convey the level up is coming is many ways that aligns and operationalizes all the things HOGE naturally does so well - a Rebirth if you will.
Wheel of Wonder - With our Wheel of Wonder we plan to have DAILY incentives to be a HOGE holder and create higher levels of retention. What's this mean? Farms, LPs, staking, prizes, etc. The Wheel of charitable wonder will become a way to incentive community members to give back to the charitable organizations we partner with and provide a gaming experience that includes a HOGE infused gift with every spin. This experiential HOGE initiative will authentically help engage holders , retain net new holders & provide our partners with a fun way to give back to their charity partners. This IP will take HOGE from a donation based business model to a revenue positive endeavor.
Website - Huge incredible shoutouts to the team, especially The Chosen One and Gorest for putting in hundreds of hours and putting together an incredible update to our website. Work is still ongoing but please check out the new enhanced 2.0 website that will set us up for the future.
E-mail Blast - Do yourself a favor and take a moment to go to HOGE finance and sign up for the e-mail list if you have not already! Go to https://hoge.finance/ to sign up to get the latest scoop on all HOGE things!
Social Media Automation - Twitter + Reddit + Telegram. We've been working on using each community (at least those 3) to integrate with each other. We've got some really neat concepts that are being made internally (credit to theDan and HogeHistorian) that will enable HOGErs to communicate and utilize tools across platforms with just mere keystrokes or inputs.
Media - Several new articles dropped recently including USA Today & Bitcoin.com! Expect more articles to drop on USA Today and other media outlets. More articles dealing with more of our projects as seen above are expected to drop on a variety of outlets in the next few months!

Help Wanted

Full Stack Developers - Are you a developer that wants to work on cutting edge blockchain tech? Do you want to expand your resume (dapps, solidity, smart contracts)? Do you want to take your hobbies or interests and expand them with Hoge? If so, please DM me personally. You can msg me below, direct message or chat with me or hit me up on telegram @ thedavepool.
Project Managers - Are you an organized person who wants to take charge of a project? Do you have any experience in managing any projects? If so, we want you! We at HOGE are a community project and are full of great ideas and need a bit more help with execution of projects - whether they be your own or you join an existing project!
Writers - Maybe coding or doing art is not your thing but you know how to write cleanly and succintly - WE NEED YOUR SKILLS! Whether it be for HOGE or frankly any company, we need writers to write articles, blogs, help craft tweets, marketing materials and so on! If you want to build up your skills and work on your portfolio, please let me know!
UX/UI Designers - We are in need of some kickass UX/UI designers! Do you want to design beautiful layouts and integrate your ideas into various Hoge projects? We've got a home for you. Please contact reconlion (@reconlion) on Telegram or [marketing@hoge.finance](mailto:marketing@hoge.finance)
Shovelers! Have you ever taken an enneagram test? It is similar to a Myers-Briggs test but I personally think it is superior. We need people, ALL kinds of people to join HOGE. When we say community coin we are not kidding!! Try the test out, see what you get, let me know if you want to join any of our myriad of projects! https://www.eclecticenergies.com/enneagram/test
Donations - I know all of us can't donate money for various projects but if you have some time to spare you can donate that for Hoge. One of our beloved members, Mamma Kass, has used this in the past and has vouched that it has worked for her. Give it a try! www.rewardxp.com

Exchanges

Top 5 exchange is looming. Yes, the total donation amount "appears" to be down but don't be dismayed. This amount can wildly increase when our price increases. Remember, the best part is that the liquidity that we provide (approximately 300k) can be further re-cooped if we hit certain requirements (i.e., volume) which I have no doubt we can achieve in due time which means that we will have a chance to essentially double-dip our investment.
Three exchanges in one. We've received word that upon listing with a Top 5 exchange we will be in position to add two more top level exchanges, The Top 5 exchange clearly paves us toward more exchange listings.
USA Exchange - Audit ✔ Legal ✔ Community ✔ Non-security ✔ How many coins such as ours (an audited meme based DeFi coin) are on US exchanges? Outside of Doge/Shib basically ZERO. HOGE will most likely be one of the first and one of the only tokens to be listed by one of them.
Additional exchanges - We have not closed the door on any other exchanges including a very nice fiat on-ramp top 120 Global Exchange. We are looking for exchanges that help expand our brand and do not engage in wash trading.
Binance Smart Chain. Yes, we are on BSC and this is by far the cheapest decentralized way to get HOGE (Pancakeswap and also on Padswap). Yes, one doesn't collect autostaking reflections (but there is also no tax as well) and there are other benefits to HOGE on BSC and that comes in the form of staking and farming. Buying it via PancakesSwap or PadSwap works in the exact same way as buying it on Uniswap except you need BNB as currency instead of ETH. Easiest way to giveswap ETH to BNB is probably using one of the swap like https://stealthex.io/ and then it is a matter of connecting your wallet to a PCS or PadSwap and off you go. Currently, PancakeSwap offers higher volume so more short term rewards for staking but PadSwap offers higher rewards for farming if you want to hold longer.

SIZE OF POTENTIAL DEFAULT

In the context of recent meaningful global defaults, the Evergrande debt is not overly concerning. Total liabilities at Evergrande are $300 billion, of which $200 billion is pre-payments for housing from Chinese citizens. The balance of the exposure is debt, both onshore bank and public debt, as well as offshore debt to international investors. Compare this to Lehman Brothers’ default $600 billion of on-balance-sheet exposure, as well as multiples of that in off-balance-sheet derivatives and credit default swaps (CDS). Goldman has recently calculated potential off-balance sheet liabilities for Evergrande at $155 billion (one trillion yuan) in “shadow-banking” exposure. This is worrisome because this is more like a Lehman moment but again, it is not catastrophic in the global context.

https://preview.redd.it/0zvpdj0yn2r71.png?width=712&format=png&auto=webp&s=7cb6111b49a171237ef00f34e85f5ff2613f5536

The contagion risk at Lehman was easy to understand, as the whole system was on the brink due to counterparties whose insurance contracts (CDS contracts) were not able to be claimed. Remember, the rumor was that if AIG was allowed to fail, Goldman would fail too since it had purchased so much insurance from AIG in order to lay off its exposures (both client exposures as well as principle exposure).

Another global default that had macro implications was the Greece restructuring in 2012. That was on about $200 billion in debt, and while there were trade claims and other non-debt obligations to consider, the overall restructuring was small compared to Lehman, but still two times as large as Evergrande (prior to adjusting for economic growth).

Therefore, as the size of default goes, I feel this should largely be contained to the Chinese high-yield (HY) market and other related credit markets. The total global debt is $400 trillion. I know that I am old enough to remember when a $100 billion default in public debt was meaningful (as with the “LDC debt crisis” in 1988, for example) but with all of the growth in debt, the truth of the inescapable global debt spiral, and the liquidity that the global central banks are flooding into the market, I believe the contagion risks are low. Not zero, but certainly nothing like a Lehman moment. The shadow banking concerns should be contained in China and in banks with Asian credit exposure, so watch bank certificates of deposit for names like Standard Chartered and HSBC for indications it is spreading.

REACTION IN CHINESE HY AND IG MARKETS

Looking only at the Chinese HY market, one can feel the pain experienced in the price action of the bonds. It would more accurately be defined as the Chinese “distressed debt index,” since the market is largely made up of property developers and, of those developers, Evergrande accounts for about 15% weight in the index. The index yields over 14% (compared to the U.S. HY index at about 4%).

However, there are some meaningful considerations, including some bond math. Firstly, the U.S. HY market is far more diversified by industry, has far more diversified and experienced players, and has a true distressed debt buyer group that lives under the HY market. In the event that credit becomes stressed or distressed, U.S. distressed debt buyers swoop in to fill the buyer gap from traditional “going concerned” HY buyers. The Chinese HY market is younger, is far less diverse, and far less experienced in terms of learning history.

The bond math consideration is important, too. When debt trades at less than 50 cents on the dollar (Evergrande debt is at 25 cents on the dollar), a calculation of yield-to-maturity (YTM) makes little sense and provides a garbage comparison. The debt is no longer trading to maturity value (100 cents to the dollar) but rather to a recovery value. In other words, in the case of Evergrande debt trading at 25% of the claim, the buyers are calculating a return on recovery value, rather than the internal rate of return (IRR) or YTM on the cash flows, including a 100% principal repayment. So, looking at the 14% YTM of the Chinese HY market is sending out a flawed comparison.

In contrast, the investment-grade (IG) corporate debt market in China has held up rather well. Credit spreads have actually narrowed, reflecting no contagion concerns. One could argue that the IG market views the systemic risks as being reduced. I would not draw that immediate conclusion, but suffice to say that the IG market would be widening meaningfully if there were true systemic concerns.

LONGER-TERM CONTAGION RISKS

The true contagion risks in China may be more psychological. Confidence inland as a store of value may be impacted. Real estate has always been an important investment in a portfolio in China and over one million Chinese consumers may lose a large portion of their prepayments. The trickle-down impacts include a slowing domestic economy (land sales accounted for 8% of GDP) together with reduced consumer confidence. Lower consumer consumption would be a natural impact.

There was also a noticeable widening of default insurance on five-year China CDS. In the eyes of the default insurance markets, China default risk is now more reflective of a BBB-rated credit rather than the single-A S&P rating. This is important, since the world’s second-largest economy is trending toward a junk-rated credit. One more rating downgrade (in the eyes of the market, to BB) and it is now a HY borrower. Wow!

Finally, it will be very interesting how China deals with the domestic claims versus the international lenders. I know how a capitalist court would deal with this situation. There is precedent in the West and that gives the distressed debt investors a well-worn roadmap. The CCP is a different animal and its “messing” with the priority-of-claims model that is law in the West may substantially increase its borrowing costs when international investors decide to avoid the Chinese exposure.

Also, think of China banning Bitcoin mining and how that is actually a gift for the West and the true flow of global capital. These two events may lay the groundwork for the further centralization (and control/abuse of capital) by the CCP versus the decentralized model that used to be embraced by freedom-loving Western countries. Markets are generally smart over the long term. In my opinion, there will certainly be long-term consequences.

HOW DOES BITCOIN FIT IN?

I have long argued that Bitcoin should be considered default protection on a basket of fiat currencies. If the second-largest economy is trading as a junk borrower in the eyes of the market, then the value of the insurance provided by bitcoin should increase as other, less important countries and credits are also dragged into the vortex of declining sovereign credit quality.

This is the far bigger issue in my mind. As noted in my paper (published by Bitcoin Magazine in April and linked here), the intrinsic value of BTC based on CDS of a basket of sovereign credits was over $150,000 per coin prior to the recent widening of CDS spreads. Since the intrinsic value of BTC increases when the spreads widen, that intrinsic value has now increased.

Some readers will say, “Well Foss, your thesis doesn’t hold any water then. BTC is acting like a risk-off asset.”

To which I respond, “The market for BTC still has its training wheels on. The market doesn’t understand that BTC is a long volatility position. When you are short credit, you are long volatility. And BTC is a short credit position on a basket of sovereigns.”

Proceed accordingly. BTC is the best asymmetric investment opportunity (and hedge) I have seen in my 32 years of managing risk. Fiat is the ponzi.

“But Foss, they can print money to pay down the debt!”

This is true, but in a debt spiral, debt never matures, it needs to roll over. And when an auction fails and the debt does not roll, the receding tide will show who has been swimming naked.

All fixed income investors need to own BTC as insurance against inevitable fiat debasement (bonds are just a fiat contract), as well as declining sovereign credit quality.

This is a guest post by Greg Foss. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

Need to Buy Crypto? This is what to Look for In a Crypto Exchange.

Kraken, CoinEgg, Gemini, Binance — we're not discussing legendary animals or the Internet's most recent popular expression. These are all cryptographic money trades — advanced commercial centers where you can purchase and exchange crypto.

You can't simply purchase crypto from your bank or contributing firm. Whenever you've chosen you need to get some Bitcoin, Ethereum, or another cryptocurrency, you'll need to make a record on a crypto exchanging stage to trade your U.S. dollars (or other money) for advanced resources.

A few, as Coinbase, have been around since the beginning of Bitcoin, when there was undeniably less oversight into how crypto was purchased, sold, and exchanged. Others, similar to Robinhood and PayPal, are better-known for different administrations, and have as of late permitted clients to exchange crypto inside their current records.

What is a Crypto Exchange, and how does it work?

A cryptocurrency exchange is a website where you may buy and sell digital currencies.

You can use exchanges to trade one cryptocurrency for another — for example, changing Bitcoin to Litecoin — or to buy cryptocurrency with fiat currency, such as the US dollar.

The pricing of the cryptocurrencies on exchanges are based on current market prices.

You can also use an exchange to convert cryptocurrencies back into US dollars or other currencies, which you can keep as cash in your account (to trade back into crypto later) or withdraw to a regular bank account.

According to Tyrone Ross, a financial advisor and CEO of Onramp Invest, a crypto investing platform for financial advisors, there is no one crypto exchange that is appropriate for everyone.Instead, he recommends evaluating your individual crypto interests and finding an exchange that matches your goals. For example, perhaps you're seeking for a certain coin or want to learn more about cryptocurrency investing.

What to Look for in an Exchange

Accessibility

Due to state or national rules, you may be unable to buy or sell cryptocurrency on specific exchanges depending on your region.Some countries, like as China, have outright prohibited individuals from using cryptocurrency exchanges.There is a lot of regulatory uncertainty around cryptocurrency in the United States, and several states have established their own legislation.New York, for example, requires exchanges to obtain a BitLicense before operating in the state, and only permits licensed organizations to offer certain approved coins.Most other states do not have as strict rules as New York, although many do regulate in some capacity or are considering doing so.

You can often find information about the geographic limitations of an exchange — as well as related accessibility factors, like national currencies accepted — on its website or within the terms of service.

Security

Cryptocurrency isn't guaranteed by a central institution, and your cryptocurrency holdings aren't insured in the same way that bank deposits or traditional investments are.Some exchanges, such as Coinbase and Gemini, maintain all of your U.S. dollar balances in FDIC-insured bank accounts.

However, cryptocurrency balances are not covered by FDIC insurance.Some exchanges have insurance policies in place to protect the digital currencies that users have on the exchange against hacking or fraud.For example, Coinbase has a $255 million insurance policy.That means that if Coinbase's reserves were hacked and any amount of cryptocurrency valued at up to $255 million was stolen, account holders would be compensated.

Whether you plan to keep your cryptocurrencies in an exchange or just keep them there for a short time before moving them to your own wallet, the security of the exchange should be a priority. Top. For example, see how many assets the exchange keeps offline, in hard storage. This becomes even more important as the value of cryptocurrencies increases, as more value means more lucrative targets for potential thieves. In 2020, there were a total of 28 attacks on crypto exchanges, the largest of which resulted in over $200 million in crypto assets being stolen from the KuCoin-based crypto exchange. headquarters in Singapore.

Check the amount of assets the exchange keeps offline. While exchanges are essentially required to keep some cryptocurrencies running to facilitate trading, it is sensible to keep the bulk of the holdings in cold storage or offline, where which would be harder for hackers to access. for instance , Coinbase claims that they store 98% of customer funds offline, while only 2% are actively traded. This memory, combined with its $255 million policy , provides more reason to believe your crypto assets are going to be insured within the event of a hack.

you can also search for general online security measures that you simply may already be familiar with on other platforms, like two-factor authentication. this means that additionally to your username and password, you'll need to verify your identity with a further method, like entering a code that you simply receive via text message, whenever you connect. connect. with more popular exchanges with an already large customer base. you may be more at risk doing business with smaller or newer exchanges whose security measures and incentives aren't clearly stated online.

“Size matters here,” said Douglas Boneparth, financial advisor and president of Bone Fide Wealth in new york. He pointed to Coinbase, which was recently listed on the Nasdaq stock market . “This has its pros and cons, but now that you simply have public finances, you'll really see the health of the business, and this is often vital once you are considering using an exchange or investing with business or the product or service that they're provided.

https://preview.redd.it/ejo0gyaw92r71.jpg?width=400&format=pjpg&auto=webp&s=8066e3ffc5fd6e7e120b4f4be24d0c98ba397cdd

Fees

Fees are another thing to think about , but don’t necessarily let a high fee structure turn you off an exchange. “The easier they create it for you to shop for it, the upper the fee that you’re going to be paying,” says Spencer Montgomery, founder of Uinta Crypto Consulting, a program for new investors to find out about crypto. Higher fees also can be a worthwhile tradeoff for the added protections and insurance that the larger , more popular exchanges provide.

Exchange fees may be a fixed price, but are often a percentage of your trade. Some exchanges, like Cash App, charge fluctuating fees supported price volatility. Fees are often charged per transaction, and may differ whether you’re the vendor or the customer . There can also be different fees counting on which currencies you trade. confirm you understand exactly how and when an exchange plans to charge you for your crypto transactions before delivering your cash.

Liquidity

If you propose to shop for , sell, or trade your crypto, the exchange you choose should have enough trade volume to make sure your holdings are relatively liquid, meaning you'll sell them when you want. Again, this can be an instance where size matters. Often, the more popular exchanges also are those with the largest trade volumes.

When tons of trades are happening within an exchange at any given time, it means you have a better chance of buying or selling the crypto you hold at the simplest price, Montgomery says. Crypto prices move very quickly, so once you use an exchange that doesn’t have tons of trade volume, you'll find yourself paying a better price than you'd on more popular exchanges. for instance , say you opt to shop for Bitcoin once its price falls below $32,000. If you’re on an exchange with a coffee trade volume, you'll find yourself actually paying a special price than you think that , if your purchase doesn’t actually undergo until the worth has moved copy .

CoinMarketCap, a price-tracking site for cryptocurrencies, continually tracks the trade volume of many exchanges operational . Currently, it lists Binance, Coinbase, and Huobi because the top exchanges by volume worldwide.

Tax information

As if taxes weren’t already complicated enough, reporting cryptocurrency can add another layer of complexity to your income tax return . “As the tax situation evolves around crypto assets, it’s getting to be really important for people to form sure that their personal tax situation is up to hurry also ,” Ross says.You need to report any crypto trades you create as capital gains on your tax return. meaning you’ll got to know the worth of your crypto once you pip out in U.S. dollars, also as the worth of it once you sell.Because Robinhood only allows you to transact on its platform, it provides a Form 1099-B tracking your cost basis and gains and losses, but that’s not the case on more traditional exchanges.“When you use cryptocurrency exchanges like Binance, Kraken, CoinBase, etc., they don’t offer you that form,” says Shehan Chandrasekera, CPA, head of tax strategy at CoinTracker.io, a crypto tax software company. That’s because exchanges that allow you to maneuver your holdings off their platform can’t track everything in your personal wallet or trades you make on other exchanges. “That’s when it becomes tricky and when those users need to use a tool to reconcile their entire picture, get the data, then file their taxes.”

Bottom Line

There are additional factors you can consider based on your own preferences, Boneparth adds, like customer support, how well you wish the platform’s mobile app, and the way easy the exchange is to use overall. But like we hear from experts time and again when it involves crypto, taking the time to find out the maximum amount as you'll before you set money into crypto is one among the foremost useful things you can do.

Think about the fee structures and security measures you’re comfortable with, what additional steps you’ll fancy store your coins, and your goals.

“You probably should spend longer learning about the space,” Boneparth says. “You’re putting risk on your money during a pretty wild environment. It’s one thing to haphazardly put money into more stable markets, it’s a completely other thing to throw money into volatile markets. So it’s important to get educated, especially when you’re going to affect something that’s perhaps more volatile than other risky assets.”

[Pet Site Game] Neopet's introduces NFTs, burns itself (and it's goodwill) to the ground

Many of you are probably at least vaguely familiar with Neopets.com, one of the biggest browser games of its era and the most popular virtual pet site ever made. Users can adopt, raise and customise their very own virtual pets, choosing from over 50 unique species. At its peak the game had over 35 million users, and over 4 billion page views a month. Odds are you either had a neopets account of your own, or knew someone that did - especially if you're part of its peak audience of 90's kids. It's had its ups and downs over the last 20 years, with many users feeling the site has long been in a slow decline. However, the most recent drama has caused an absolutely unprecedented explosion of outrage and disappointment within the remaining userbase.

Why?

Because Neopets has broken a multi-month long near silence with its playerbase to announce its releasing NFTs.

EDIT:

**What the fuck is an NFT?**NFT stands for Non-Fungible Token. It is a form of digital collectible that exists on a blockchain, similar to those the famous Bitcoin uses. The technology of blockchains means that each NFT is verifiably unique. They are bought and sold using a variety of cryptocurrencies. However, it is important to note that while many NFTs are tied to digital artwork, what you are buying is not the artwork. You gain no rights to it whatsoever, nor any exclusivity outside of the NFT world. What you buy is essentially a digital receipt with the artwork on it. NFTs by themselves serve no other function.

The Neopets NFTS will be 20.0k randomly generated pet images to be used as profile pictures.

This on its own would have been a pretty unpopular move, but the way the userbase found out that they were making NFTs wasn't from Neopets themselves - no, the userbase found out when a tiny, dodgy-as-all-fuck shell company and a random child company of neopets' parent company, NetDragon, announced that neopets were releasing a special collection of "metaverse" NFTs.

The company in question immediately raised red flags within the community as the website seemed to lack even basic understanding of the game, using generic gaming terms instead of terms specific to Neopets (such as "skins" instead of "paintbrush colours", "character" instead of "species" etc) and using generic fantasy stock art as the sites background instead of art from the game (you know, like a neopets project should!). Joining the projects discord also revealed there were no actual neopets staff in there at all, and it appeared to be run by completely random strangers.

On top of this, sharp eyed users quickly realised that the project was using assets stolen from a fan-made website instead of actual game assets. How did they know? Its quite simple really - this specific NFT example features a pet called a Dimensional Kougra. Looks kinda funny, and even more so when you realise that this is what a dimensional kougra looks like on the actual games website. And this is what a dimensional kougra looks like on the fan-site Dress To Impress.

Oops!

Even more damning, is that once pointed out they swiftly edited this "AI generated unique neopet" into a slightly different one - this is also functionality from Dress To Impress, which is a fan aggregated dress-up tool to preview on-site cosmetics. A comparison of an archived version of the site can be found here, so you can compare it to the edited live site here (this live version still has the stolen DTI version of a pet called the Eventide Kacheek on it, though, so they did a pretty poor job of hiding the blatant asset theft).

People were, naturally, extremely upset by this development. Many users announced they would be quitting the site if the project were real, and others posted anxiously hoping it was fake. Tumblr, reddit, twitter and discord was filled with anxious and furious users begging The Neopets Team for answers as to whether this extremely suspicious NFT scam was an officially sanctioned project.

Answers finally came after many hours when users dm'd the games support team on twitter and were told that it was probably a scam. Relief and laughter set in, as users realised this was another poor quality scam from an NFT company trying to cash in on nostalgia. I mean, what kind of professional project uses stolen fan assets, generic stock images and can't even get basic facts about the game its based on correct, amirite?

EDIT: I edited the post and all the links broke. Need to fix! EDIT2: Should be fixed, thanks to everyone who commented pointing out the post broke!

Except, shock flipping horror - it's bloody real! This is a real circus, run by clowns hired by the Neopets team themselves.

Mayhem sets in. Neopets is immediately set upon by hundreds of extremely upset fans. The tweet announcing the NFTs from the initial account is the single most engaged with social media post the company has had for over a decade. They were, as the kids say, beating their ass in the quote retweets.

The response to the feedback from the neopets team was essentially "we know you're upset, but don't worry - its a real project and not a scam!"

Suffice to say, people were pissed. The official response did little to actually address player concerns, such as "why the fuck are you doing this" and "we am going to kick your ass stop buying premium and microtransactions until you stop". Never in the sites history has the site been so united in anything, with the response being a universal "NFTs? No Fucking Thanks Lol".

However, naturally, there are two sides to this story, with the vaguely nostalgic crypto-community being very excited to return to "neo pets". Some of these users were unhappy that when they went to the on-site forums, the neoboards, they were met than a less than friendly reaction, dismissing peoples complaints and research into why nfts are essentially a scam as "misinformation" and bad takes. The general sentiment is that all these hundreds of distressed players were just misinformed, and that they just needed to be told the ""truth"" about nfts (from articles from pro-nft websites, of course) and they would come around.

At this point, things become a little difficult to accurately share via screencaps, as the neoboards moved so fast, and are archived beyond view so quickly that it is virtually impossible for me to go back and screenshot the full range of conversations that were had (most of them were Not Very Civil).

Goes without saying though, that shit got heated. Pro-nfters generally came across as condescending douchebags that ignored multiple arguments users had against the NFT project to focus on the few genuinely misinformed posts (often mis-quoting users in order to re-address the same points over and over). They would often talk about scrapping the old game entirely, mocking the people that were upset by this in the NFT projects discord, saying it was good to get an NFT project so the funds could "save" the site. Then they would go straight to the neoboards and complain that they weren't being given their fair shot. Nevermind that neopets users pointed out repeatedly that Neopets' main issue wasn't finance, but organisation (a huge topic too large to cover here entirely). They knew better than the people that had played the game consistently for over two decades, naturally.

Neopets users on the other hand delighted in thoroughly "cyberbullying" people they saw as coming to astroturf the neo-boards, many of them getting site-warnings for getting too heated with their arguments, with mods hastily deleting the spicier and less constructive threads.

One NFT user spent 28 straight hours responding to people dissing the terrible move, going above and beyond to astro-turf in defence of the project, and encouraging other people to do the same. Naturally, players were not pleased to see someone trying to desperately convince people to buy into something they saw as a scam, and they did not get a happy reception.

Time for a quick break, and for some more context:

Why are neopets players so upset? - The overlap between "neopets players who actually play and enjoy the site" and "people who enjoy NFT's" is microscopic. The site has been in a gradual decline for a while now, with the staff at neopets (TNT - The Neopets Team) slowly reducing roadmap updates, content updates, site layout, and community engagement. A newly hired community manager held one giveaway and then immediately stopped posting, events earlier in the year had been beset by bugs, poor planning and rampant cheating, and generally speaking, the last thing the community wanted was something utterly pointless as an off-site project, despite TNT's claims that it wouldn't affect the sites development. They wanted real updates, meaningful roadmap planning, and real communication with the playerbase. Not whatever the fuck this is.
Isn't the site dying? Wouldn't the money from a pump and dump NFT project like this help the site? Selling 20k NFT profile pics would make a lot of money. - This is a big one, but the short version is that neopets still has a very active userbase, many of which spending large amounts of money on the site purchasing cosmectics (essentially the only feature that is regularly updated) and supporting the site. Its predicted that theres about 100,000 daily active users still, 1.5 million visitors a month - the site is nowhere near as popular as it once was, but it most definitely isn't completely destitute. Money and active players are not the issue, organisation and care is. Neopets have even done an NFT before, and that one was an actual game and not just static randomly generated PNGS. This ended with the games closure after a few months however, with about 1.8k purchases made and the tokens and cards being made useless when the company went bust. Everyone that bought into that was promptly suckered out of their money and lost everything they "invested". Neopets does not need more crypto scams, it needs a development team that cares about it.

Grab some water and buckle up because things are about to get Even Spicier.

So, as someone familiar with crypto and NFT's might know, the community space comes from a... dubious place. One of the web haunts quickest to adopt and celebrate all things crypto was 4chan, and the kind of lingo and terminology 4channers use (which NFTers use by extension) do not exactly mesh well with the lgbt-family-friendly vibe of neopets and its users.

One term in particular started being thrown around, "oldf*g", and some members who weren't overly familiar with "the lingo" were naturally pretty fucking upset that people were seemingly fine with slurs being thrown around. The NFT server mods, of course, who come from that "community" were completely fine with this and ignored people pointing it out and complaining about it for a full 24 hours, and allowed users to dogpile on people complaining. They also ignored one user calling another a "f*ggot" for several hours afterwards, again, with users actively asking for moderation.

The mods response? Kind of comedy gold actually. Turns out they don't have a PHD in AI so can't stop users saying the word "f*ggot". For the blissfully unaware "fudding" basically means "spreading FUD (Fear Uncertain Doubt)" and its commonly used by NFT types to tell people to shut the fuck up and stop being critical/killing the hype.

Other users within the discord continued to dogpile users who were upset and pointing out there were still people using slurs, finally culminating in this head scratcher of an exchange.

Nothing good came out of this exchange.

This timeline is still evolving, and it seems like every single day the situation finds away to get even more embarassing for all parties involved.

Some fun tidbits:

This all literally only scratches the surface of the drama over the last 8 days, and if you'd like to read more the fansite Jellyneo has been consistently posting and tracking the drama on their twitter: https://twitter.com/jellyneo/. No doubt come monday the circus will continue and I will have to edit this post or make a followup.

TL'DR: Neopets announces NFTs, consistently embarrasses themselves literally every day since.

Thanks for reading! This post attempted to summarise over 8 solid days of near constant drama and mis-steps from Neopets, so hopefully it makes sense and is mostly free of fluff and errors.

And no, your neopets are not dead, try logging in and you'll see for yourself!

Your thoughts on movies about crypto

Throughout the years watching some things happen in crypto has almost movie quality drama. The spats between developers, the rug pulls, bitcoin dominating the world in such weird ways, the crazy things people have done when they get FU money after their coin moons - it has made me think from time to time that there should be a movie made about some of this stuff. Movies that come to mind that would be similar are like Wolf of Wallstreet or the Facebook movie or that Apple movie with Ashton Kutcher. So what movie would you like to see made about what particular series of events in crypto? My personal would be the creation of Ethereum and the drama involved. Or maybe the life of the guy that bought pizza with bitcoin so many years ago. Bonus points if you have specific actors in mind for particular roles.

Need to Buy Crypto? This is what to Look for In a Crypto Exchange.

What is a Crypto Exchange, and how does it work?

A cryptocurrency exchange is a website where you may buy and sell digital currencies.

You can use exchanges to trade one cryptocurrency for another — for example, changing Bitcoin to Litecoin — or to buy cryptocurrency with fiat currency, such as the US dollar.

The pricing of the cryptocurrencies on exchanges are based on current market prices.

What to Look for in an Exchange

Accessibility

Security

https://preview.redd.it/3ijfcjnt81r71.jpg?width=400&format=pjpg&auto=webp&s=74538cab3e74349cd004e32314e5ed0a4cdfabf2

Fees

Liquidity

Tax information

As if taxes weren’t already complicated enough, reporting cryptocurrency can add another layer of complexity to your income tax return . “As the tax situation evolves around crypto assets, it’s getting to be really important for people to form sure that their personal tax situation is up to hurry also ,” Ross says.
You need to report any crypto trades you create as capital gains on your tax return. meaning you’ll got to know the worth of your crypto once you pip out in U.S. dollars, also as the worth of it once you sell.
Because Robinhood only allows you to transact on its platform, it provides a Form 1099-B tracking your cost basis and gains and losses, but that’s not the case on more traditional exchanges.
“When you use cryptocurrency exchanges like Binance, Kraken, CoinBase, etc., they don’t offer you that form,” says Shehan Chandrasekera, CPA, head of tax strategy at CoinTracker.io, a crypto tax software company. That’s because exchanges that allow you to maneuver your holdings off their platform can’t track everything in your personal wallet or trades you make on other exchanges. “That’s when it becomes tricky and when those users need to use a tool to reconcile their entire picture, get the data, then file their taxes.”

Bottom Line

Think about the fee structures and security measures you’re comfortable with, what additional steps you’ll fancy store your coins, and your goals.

Will Bitcoin hit $100,000 by the end of 2021? Ultra-Bullish Chicky Nuggy Discusses.

Bitcoin could hit fresh all-time highs of $100,000 by the end of 2021 due to five key important factors driving momentum, predicts the CEO of this Reddit account.

The ultra-bullish prediction from Chicky Nuggy CEO and all round great guy comes after a strong end to the week in the crypto sector, with the world’s largest digital currency gaining almost 10.8% on Friday evening over the previous 24 hours.

On Saturday morning the price was almost $47,800.

Mr Nuggy says: “Last month, I noted in the media that we can expect the price of Bitcoin to hit, or even surpass, its mid-April all-time high of $65,000 by the end of 2021.

“I now think that this is too conservative. I’m confident that if the current momentum in prices continues, we could see the Bitcoin price hit to-date unknown highs of $100,000.

“Even though Bitcoin’s place in the global financial system is already assured, this would be a truly landmark moment.”

The Nugget lover believes there are five key drivers of the momentum fuelling the surge in the Bitcoin price.

“First, the Federal Reserve – the world’s de facto central bank – has come out this week and said that the U.S.- the world’s largest economy - does not intend to ban cryptocurrencies.

“It’s likely that other digital currencies will have greater regulatory oversight, which also is likely to positively shore-up the sector for the longer-term, but Bitcoin might be seen as a separate case by the authorities due, in part, to its digital gold-like status,” he said.

“Second, there is sustained and growing interest from institutional investors including Wall Street giants and major payments companies, who bring with them their capital, expertise and reputational influence.

“Third, the increasing number of mega influencers such as Elon Musk, Jack Dorsey and Cathie Wood who have a clear message: crypto is the inevitable future of money.”

He continues: “Fourth, the technicals support the prediction. History teaches us that the year that follows a Bitcoin halving, values rise significantly. Following the 2012 and 2016 halvings, prices rose by 55 times and 15 times, respectively, thereby suggesting that a move to $100,000 could be on the cards after the 2020 event.

Time for an ad break - drop a 🐔 for a moon or award.

“And fifth, cryptocurrencies, of which Bitcoin is the most dominant, have already changed the way the world handles money, makes transactions, does business, and manages assets. Investors appreciate the inherent value of digital, borderless, global currencies for trade and commerce purposes in increasingly digitalised economies in which businesses operate in more than one jurisdiction.

“This will only grow as mass global adoption moves ahead.

“For example, El Salvador last month became the world’s first sovereign nation to officially buy Bitcoin and to make the cryptocurrency legal tender – and there is no way it will be the last.”

Mr Chicky N goes on to say that the momentum created by Bitcoin, the market leader, will have the effect of putting other major digital assets including Ethereum and Cardano on a significant upward trajectory.

He concludes: “Bitcoin has stormed back after a mini-dip. There’s little reason to believe it won’t continue its current upswing and significantly beat previous all-time highs.”