Get Paid for Your Opinions: This New Project Introduces Crypto Rewards for Taking Part in Polls – How Does it Work?
Well, you will soon be able to have your say on the topic, as well as on other controversial debates, on Love Hate Inu’s first-of-its-kind vote-to-earn web3 social media platform.
The platform will be powered by the LHINU coin, which it is currently selling to early investors via what some analysts have been calling 2023’s hottest crypto presale.
Vote-to-Earn (V2E) Platform - How Does it Work?
LHINU owners will be able to stake their tokens within the Love Hate Inu platform.
Depending on the amount of LHINU they stake, and for how long, they will then be granted a share of the vote on polls on a wide range of topics from politics to entertainment and social issues.
According to Love Hate Inu’s development team, “the voting system is built on blockchain technology, ensuring the process is fair, transparent, and secure”.
Users who stake LHINU tokens and vote on polls will be rewarded with tokens, which will be rewarded to them by the creator of each poll.
The more tokens users stake, and the longer the vesting period, the more voting power they will be handed over each poll.
Initially, Love Hate Inu’s developers will control which polls appear on the platform, but the plan is to quickly hand over the reins to the community via the launch of a Vote Submission platform later in the year.
Here users will be able to submit their poll ideas for the community to consider.
LHINU Available Now Via Presale – Nearly $2 Million Raised
To fund the development of its platform, the start-up is currently selling its LHINU token in a presale that has already proven to be wildly successful.
The presale just entered its third stage and is close to having raised a whopping $2.0 million in just two weeks.
The stunning success of the presale reflects the fact that Love Hate Inu has been going vial on social media.
Since the web3 social media polling platform sent out its first tweet earlier this month, it has amassed a massive 32.2K followers.
Meanwhile, the project already has 14K members in its Telegram channel and over 8,000 in its Discord channel. These numbers are expected to continue to explode higher in the coming weeks.
The rapid growth of the Love Hate Inu community bodes means the future looks bright for the platform’s LHINU crypto token.
According to popular crypto analyst Jacob Crypto Bury, LHINU has the potential to deliver 10x gains to early investors.
Investors who move quickly can secure LHINU tokens for the highly discounted price of $0.000095. But in just over five days, that price is set to rise to $0.000105.
LHINU will end the presale in a few weeks at $0.000145. That means investors who get in now will be sat on paper gains of 50% by the time the presale ends.
LHINU has a total supply of 100 billion, with 90 billion of these (90%) to be sold in the presale. This is almost unheard of, with most presale projects keeping a much larger allocation in reserve for founders and early investors.
According to Love Hate Inu’s whitepaper, this “ensures the majority of the supply is distributed to community members who believe in the project”.
“Besides guaranteeing there will be no rug pull, this will create a strong foundation for the project where the community holds a real vested interest in its success”.
Love Hate Inu says it will only hold 10% of the tokens in reserve to provide liquidity, fund exchange listings and provide community rewards.
LHINU tokens can be bought using crypto and via normal credit card fiat transactions. Love Hate Inu has already been ranked by analysts at Cryptonews.com as the best presale of 2023.
How High Can LHINU Go?
Crypto enthusiasts are hyped at Love Hate Inu’s impressive growth prospects, given that it combines two fast-growing niches in one project – that of crypto dog-inspired meme coins and the online survey market.
According to The Business Research Company, the software market grew at a compound annual growth rate (CAGR) of 14.6% in 2022 from $2.79 billion to $3.2 billion, with this market expected to expand to $5.69 billion by 2027, implying a CAGR of 15.5% over the coming years.
Love Hate Inu says its project is “disrupting the online survey market by introducing the first blockchain-powered voting platform capable of recording immutable results via distributed ledger technology”.
Love Hate Inu’s plan to launch the token on exchanges at a price of $0.000145 means that it will have a market capitalization of $14.5 million at launch. However, Love Hate Inu aims to become “the only online polling platform that truly matters”.
If the project enjoys decent growth later in 2023 and achieves milestones in its roadmap, such as handing poll creation to the community, the monetization of Love Hate Inu data via brand deals, and, in 2024, integration into major metaverse experiences, the market cap of its LHINU token could go a lot higher.
If LHINU can reach even 5% of Shiba Inu’s $6.3 billion market cap, that would imply a market cap of over $315 million and an LHINU token price of $0.00315. That 33x versus the current presale price of $0.000095.