A new blockchain network looking to elevate meme coins in crypto is HUH Token – an open source decentralised cryptocurrency.
HUH Token – The First ‘Utimeme’ Crypto
HUH Token (HUH) is considered the world’s first ‘utimeme’ cryptocurrency. The term ‘utimeme’ is a portmanteau of the words utility and meme, representing how the blockchain network combines the functionality of utility tokens with the satirical style of meme coins. The developers believe that a token created with the tokenomics of a meme cryptocurrency but with the coherent useability of a utility token creates a harmonious ecosystem that enables a multitude of growth possibilities.
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The project intends to create a decentralised metaverse where participants gain from the data they generate. This data will bring value to the influencers and individuals, as HUH believes that all data influence is a currency to be shared and not just sold for profit.
Tokenomics to drive sustainable rapid growth in the value of the HUH token will be the premise for reward and transactions across a purposeful social media platform called ‘MetHUH’, where users’ data ownership is taken seriously from a crypto perspective. With MetHUH, users can be rewarded in HUH for exchanges of engagement and content.
HUH’s ambition does not end there. They aim to garner the attention of multiple high-profile figures, one of them being entrepreneur Elon Musk. The new blockchain network has a charity wallet with 20% of HUH Tokens allocated for Musk whilst having a button that takes you directly to his Twitter – a strategic method to encourage users to get his attention. If Musk is not interested in HUH, the tokens will be donated to men’s suicide prevention conservations to combat that global issue.