Meme coins have been among the most popular cryptocurrencies in the digital asset industry for the past two years, ever since the sector blew up in early 2021. One of the latest and most unique additions to it is a project called Love Hate Inu (LHINU). The project has developed a new Web3 concept that aims to disrupt the $3 billion-large online survey industry.
Love Hate Inu is a Vote-to-Earn project that allows its users to participate in online surveys and polls. In exchange for their participation, users get to earn rewards in the form of cryptocurrency. While the concept itself is not too different from the governance process that has grown to be common among decentralized blockchain projects, it expands on it by allowing users to introduce any kind of poll or survey that they want.
Using blockchain technology for surveys and polls guarantees that the voting will be provably fair, completely immutable, and tamper-proof. As a result, the results of the vote would be public, resistant to any sort of manipulation, and completely secure.
The project has brought great excitement to the crypto industry, to the point where it managed to raise over $1 million in a little over a week during the first stage of its token offering.
Love Hate Inu’s Presale Enters Stage 2
Investors were in a rush to purchase the project’s tokens as the project completed the first stage on March 17th and entered the second stage of the ICO. The shift to the second stage was also followed by a slight price increase for obtaining the tokens on offer.
As the token sale initially began, it took only six days for Love Hate Inu to reach its first major milestone and raise $500,000. The new meme coin project has managed to intrigue many, who now see great potential in it, and its unique approach to earning by participation.
With stage one completed, however, the raised amount has reached and exceeded $1 million. According to the project’s website, 1 $LHINU currently holds the price of $0.000090 USDT. At the time of writing, the project has successfully raised $1,009,287.9 USDT, and its next goal is to hit the $1,968,750 mark.
Meanwhile, there is slightly over 7 days left before the project completes its second stage and progresses to stage 3, which is when the price of LHINU will increase once more, this time to $0.000095 per coin. After that, each new stage will see further increase in the token’s value. In total, there will be 8 stages, and the last one will see LHINU price reach up to $0.000145 per token.
This will be the price that the token will hold at the time of launch, with a total of 90 billion units in circulation. Meanwhile, each of the 8 stages will offer 12.5% of the total number of tokens, with a goal of reaching $10,068,750 by the end of the offering. With the project’s total supply being 100 billion, the presale will offer 90% of this amount, while the remaining 10% will be held for liquidity, listings, and rewards.
| Presale Stage | Token Price | Amount of Tokens | Token Percent | Total Price | Stage End Date |
| 1 | $0.000085 | 11,250,000,000 | 12.5% | $956,250 | (Soft launch) + 7.5 days |
| 2 | $0.000090 | 11,250,000,000 | 12.5% | $1,012,500 | 7.5 days |
| 3 | $0.000095 | 11,250,000,000 | 12.5% | $1,068,750 | 7.5 days |
| 4 | $0.000105 | 11,250,000,000 | 12.5% | $1,181,250 | 7.5 days |
| 5 | $0.000115 | 11,250,000,000 | 12.5% | $1,293,750 | 7.5 days |
| 6 | $0.000125 | 11,250,000,000 | 12.5% | $1,406,250 | 7.5 days |
| 7 | $0.000135 | 11,250,000,000 | 12.5% | $1,518,750 | 7.5 days |
| 8 | $0.000145 | 11,250,000,000 | 12.5% | $1,631,250 | 7.5 days |
| Total | 90,000,000,000 | 100% | $10,068,750 |
How Will the Voting Work?
As mentioned, users will have to stake their tokens for at least 30 days in order to be able to vote. This mechanism was set in place in order to prevent spam bots and “brigading activists” who might attempt to manipulate results of the vote. In other words, the project has taken a rather creative road to increasing security and ensuring fair results and legitimacy of the vote.
The more LHINU users stake, and the longer the tokens remain staked, the greater the user’s voting power will be. As a result, Love Hate Inu will offer massive value for Web3 projects and brands interested in getting true and genuine feedback on various topics, questions, and alike.
Love Hate Inu will, therefore, also seek to make as many partnerships as possible to offer sponsored posts, and by engaging with them, the project could also secure some unique rewards.
And, as a meme token, Love Hate Inu intends to make it all as fun and as shareable as possible, producing viral content whenever possible. This also means that the internet will be able to settle various debates involving fun and viral topics and receive genuine results on the vote.
What’s Next for Love Hate Inu?
The project is also completely decentralized, so the initial polls will be created by Love Hate Inu itself. However, the idea is for users and third parties to be able to set up their own polls and questions by Q4 of this year.
Then, with the start of 2024, Love Hate Inu will integrate a voting system into some of the largest metaverse projects on Ethereum’s network, which will open it up to partnerships with thousands of existing projects.
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