Hobi Inu, the Reward DAO, introduces a brand new type of reward token on the Binance Smart Chain. It solves the problems of most reward tokens and integrates a new way to distribute rewards. Every holder, not just the early ones, can receive a fair share of the reward pool. You’re never too late to earn huge rewards with Hobi Inu.
Anyone that has been in crypto for any amount of time has heard of or invested in a reward token. Typically a token collects a transaction tax in the range of 5% to 15% and uses this tax for utility, rewards, and marketing, depending on the tokens case use. Rewards could be in the form of reflections of the native token, BNB, BUSB, ETH, Doge, or any other token. Rewards are distributed to holders based on the percentage of the total supply of tokens they hold and are dispersed in many ways be it on every transaction, hourly, or sometimes by staking.
The trouble is the ones who find a project early benefit with the most rewards. Especially because the volume of a new coin can be tremendous. By the time you find out about it, the volume my be down, or the price may be too high to get in. Volume greatly affects rewards. Hobi Inu understands the importance to grow the reward pool in a way that offers incentives to current holders, as well as attract new holders.
Earn A Share of the Entire Week’s Reward Pool
Hobi Inu does both. The reward pool builds for a week before being distributed. That’s right a week. Early investors still get have the benefit of getting a better price for their position. And later investors get the benefit of receiving a share of the entire week’s reward pool. New investors gain reward share collected before they were even holding. At the same time, current investor receive increased reward as well.
The next game changer is what the reward will be and how it’s be chosen. The holders vote once a week for which token to receive for reward. The token with the most votes wins. After the vote, the Hobi Inu smart contract buys the winning token and holders can claim their rewards from the dapp and a new reward pool has already began.
Weekly Vote Determines Reward
- Voting takes place weekly.
- Those holding when the ballot opens to vote are eligible to receive a share of the entire week’s reward pool. Even if they buy in 30 seconds before the vote is announced!
- Voting takes place on Snapshot and a snapshot is taken when voting opens.
- When voting concludes, another snapshot is taken.
- Reward token is purchased and claims are made available on the Dapp.
- Must be still holding Hobi Inu to claim reward.
Complete details and instructions are on our Gitbook.
Voting is as easy as connecting your wallet and will take place on Snapshot. Snapshot is a decentralized voting system that is gas-less, does not require tokens to leave your wallet, easy to verify, and hard to contest results. Snapshot is used by hundreds of well known projects.
Building for the Future
At launch, 37% of the total supply will be burned. This is significant for the long term growth of Hobi Inu and to continue to providing weekly rewards. The percentage of Hobi Inu a wallet holds is the percentage of the reward pool that wallet can claim.
If you hold 1% of Hobi Inu, and 2000 people buy after you, your reward amount will not go down. Why not? You still have the same percentage of Hobi Inu, 1%. That doesn’t change unless you sell or add to your position. And even though 2000 people buy after you and are eligible for reward, your reward claim amount actually went up!
The percentage in the burn wallet, is the equivalent percent of BNB held back. Once again this doesn’t diminish anyone’s reward amount, you are still holding the same percent. This BNB remains in the reward wallet and continues to build for the following weeks reward. This builds for the future and ensures that the reward pool stays healthy. A healthy reward pool keeps investors holding and attracts new investors.
Hidaitai Tokun NFT
The NFT launch should not be missed. A 2% transaction fee goes to the NFT wallet. This is yet another way that holders have an opportunity to earn.
Hobi Inu holders will be whitelisted based on the length of time that they have held and if they have sold. The chat will also have a leader board that will rank Telegram members based on being active in chat.
There benefits of owning the NFT will be numerous, beginning with staking to earn a share of the NFT wallet. As well as other giveaways, private chat, addition voting privileges, and all access passes for events.
Your Favorite Token Can Win the Reward Buy
One more interesting aspect of Hobi Inu is that holders are actively shilling the token or coin that they want to win the weekly vote. Which token doesn’t want a huge buy to boost their chart?
Hobi Inu Telegram chat will be unlike any other. Members will be campaigning their favorite tokens. Tell your crypto friends,and family, the other holders of the coins you want to win, and tell the mods and devs of your favorite groups. This is a contest in effect.
Hobi Inu is the new Doge in town. He is friendly, building a community and a community for tokens. His loud bark is going to be heard buying up charts.
Transparency
The Hobi Inu team is striving for complete transparency. The reward pool wallet, marketing wallet, and the NFT wallet are all listed and linked on our Gitbook. Liquidity will be locked after launch.
The excitement for Hobi Inu is just starting to grow. We are expecting some huge reward buys. Holders can shill for their favorite token to win the weekly votes. There will be an ongoing aggressive marketing strategy with world wide press releases, partnerships, and influencers. Please follow us on twitter for updates, medium for new articles, telegram, and check out the website and gitbook to learn more. Follow the link below to find all of our social media.
The launch date will be announced soon. Be only the lookout for giveaways and promotions including an exclusive pre-launch NFT. Follow us on twitter and join our telegram group for more info to stay up to date on all the current news.
Website: https://hobiinu.com
Gitbook: https://docs.hobiinu.com
Twitter: https://twitter.com/hobiinutoken
Telegram: https://t.me/hobiinutoken
