Why is HUH Token Offering Dogecoin Supporter Elon Musk 20% of its Token Supply?
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Dogecoin experienced its most recent spike last Friday, after Elon Musk, Tesla CEO, announced that USD 1.6 trillion vehicle and clean energy company would be accepting DOGE to buy its merch. Revealed by Musk in a straightforward and brief tweet on last Friday, Dogecoin’s value surged by 20% to the thrill of investors.
Coming as no surprise to crypto enthusiasts, Musk is renowned for his hold over the crypto market. Discussing the crypto sector majorly via Twitter, one of Musk’s tweets can be responsible for the rise or downfall of a cryptocurrency’s value. The environmentalist has beef with Bitcoin due to its destructive environmental impact, which has been compared to that of Norway’s annual energy consumption.
After pulling Bitcoin payments for Tesla, Musk began collaborating with Dogecoin developers in attempt to make it more sustainable. Dogecoin’s value has boosted by an astronomical 5859% over the past 12 months, which is attributed to Musk’s multiple endorsements. Musk has also disclosed that he’s invested in second-biggest crypto after Bitcoin, Ethereum – causing its price to soar by USD 2000.
If Musk endorses a crypto, not only does it guarantee a surge in price, but altcoins get to benefit from the fame and reputation surrounding the multi-billionaire. Considering Musk’s contribution to the Finance Revolution of the 21st century, investors perceive his crypto advice as God speak. That’s why HUH Token has reserved 20% of the HUH token supply especially for Musk, which equates to an immense 177,600,000,000 tokens.
However, HUH’s token of generosity isn’t just for purposes of attracting Musk’s attention. HUH are pledging the tokens
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