The Love Hate Inu presale is quickly approaching the $3 million fundraising milestone. This is an incredible achievement considering the fact that the presale started under a month ago. Raising almost $3 million truly shows the heightened level of interest in this memecoin sensation that gives birth to an entirely new GameFi concept known as “vote-to-earn.”
The platform targets a $3 billion online survey market industry. Investors are becoming increasingly excited because the project has announced that they will reveal who the CEO is once the $3 million milestone is officially achieved. Keep reading to learn why investors are quickly rushing to this project.
Love Hate Inu Quickly Approaching $3 Million Milestone.
Having only started in the first week of March 2023, the fact that the presale for Love Hate Inu is quickly approaching the $3 million milestone is a truly epic achievement. Investors are quickly rushing to the memecoin as they believe the real-world utility provided through its voting feature will help the token see enormous growth.
The presale is selling the native token behind Love Hate Inu – $LHINU – which will be required by users wishing to participate in the online polls to start earning rewards. The presale is split into eight separate stages as it looks to achieve a soft cap of $10 million. The presale is currently in the third stage, selling the token at a price of $0.000095.
It’s important to note that early-stage investors benefit the most from the presale because it incorporates a rising pricing strategy. This means that the price for the $LHINU token will increase during each stage of the presale. For example, once the fourth stage commences, the price of the $LHINU token will increase to $0.000105 and will continue rising until hitting the eighth stage price of $0.000145.
The team has stated that they intend to list the token on major exchanges at a price of $0.000145, providing those who invest at the current stage price with a 52% return in unrealized gains.
Love Hate Inu: A Memecoin With Real-World Utility
Love Hate Inu is one of the few memecoins that can provide real-world utility through its voting system. The platform provides a secure and transparent platform for voting on issues that matter to society and rewards them with tokens for participating. As a result, Love Hate Inu has given birth to a new GameFi concept called vote-to-earn.
The project intends to become the ultimate voting token that allows you to express your opinions on hot topics and receive rewards. Furthermore, it takes aim to disrupt the online survey market by introducing the first blockchain-powered voting platform that can record immutable results, which can be verified on-chain.
The online survey market hit $3.2 billion in 2023 and is expected to continue growing with a compounded annual growth rate of 14.6%. As a result, Love Hate Inu is positioning itself at the forefront of the industry, which will reach $5.7 billion by 2027.
Love Hate Inu is being introduced at the perfect time for society. With social media platforms being run by paid shills, AI bots, and trolls, it’s impossible to know what online opinions are honest anymore. Social media polls can be easily manipulated through spam accounts, and artificial intelligence technology – such as ChatGPT – has made the process even more difficult.
How Does it Work?
So, how does the project ensure the results are accurate? Well, all participants that wish to vote on the platform have to stake their $LHINU tokens to start voting. The act of staking qualifies users to vote and helps to prevent spam and manipulation attacks on the polls. Staking also provides a method for users to remain anonymous when voting, allowing them to express their opinions without the fear of retaliation or being judged.
To further prevent manipulation, the team has implemented a real-time staking mechanism that uses a 30-day average balance of users, meaning every single user gains voting power over time – even if their tokens aren’t in the lockup period in the staking contract.
As a result, only those that are truly invested in the platform have a say on the outcome of a particular vote. Once a user has staked, they can cast their vote and start earning rewards.
Higher Prices Approaching: Rug Pull Safe and Audited
The opportunity to purchase $LHINU at $0.000095 is quickly running thin. With the $3 million milestone quickly approaching, this might be your last opportunity to invest at these prices. In the next stage, the price of the token increases to $0.000105.
The $LHINU token is integral to the ecosystem as users are required to stake to participate. Furthermore, users are also required to have $LHINU tokens if they wish to create their own community polls.
Decentralization is an essential factor for Love Hate Inu. Therefore, they’re selling 90% of the total token supply in the presale, ensuring that the community holds most of the tokens and protecting everybody from a rug pull. The remaining 10% is reserved for adding liquidity to exchanges, paying listing fees, and providing community rewards.
Love Hate Inu is also audited by SolidProof, providing additional security for investors.
Overall, Love Hate Inu can potentially change the future direction of the memecoin sector, forcing competitors to start providing real-world utility to holders.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
