New Crypto Platform Goes Viral For Rewarding Users Who Vote in Elon Musk-Style Polls – $100,000 Raised in 24 Hours
The Love Hate Inu presale has now raised over $225,000, having attracted more than $100,000 in the past 24 hours.
The speed of this raise indicates significant market interest in the new polling platform, which will enable users to vote on a diverse range of issues and earn token-based rewards for doing so.
Another sign of interest in Love Hate Inu is that it has managed to attract over 12,000 Twitter followers, despite having launched its sale only two days ago.
This suggests that it has a very good chance of reaching its sale target of $10 million, and that its native token LHINU could end up being one of the most successful new altcoins of 2023.
New Crypto Platform Goes Viral For Rewarding Users Who Vote in Elon Musk-Style Polls – $100,000 Raised in 24 Hours
Some 17 hours ago, Love Hate Inu celebrated raising $170,000 in its sale.
Hey #LoveHateInu community! 👋
— Love Hate Inu (@LoveHateInu) March 9, 2023
We are so happy to share with you that we have already raised over $170,000! 💰🎉
LoveHateInu thanks all of its supporters! 🙏❤️
Don’t wait to join our growing community today!📈
🔗 https://t.co/Pu2Bo8WOUy#CryptoCommunity #altcoins #memecoins pic.twitter.com/V9e4OfXu7n
However, this amount has already been surpassed, with the current total standing at $225,000.
It’s not likely to stay at this level for very long, given that there are only seven days and 13 hours until the sale enters its second stage.
Once in its second phase, the sale price of LHINU will rise from $0.000085 to $0.00009, representing a 5.8% increase for buyers.
As such, there’s probably a rush among traders to be early investors in the token, with its presale set to have eight stages overall.
By the eighth and final stage, the coin’s price will have risen to $0.000145, making for an increase of 70.6% over the first stage.
This difference is a big part of the reason why the Love Hate Inu sale has accelerated quickly within only a couple of days, yet another major factor is that the project offers some very interesting fundamentals.
Good morning #LoveHateInu! 🌞🐶
— Love Hate Inu (@LoveHateInu) March 9, 2023
Who is excited to join the world of Love Hate Inu!🤩
Love Hate Inu is the ultimate voting token that allows you to express your opinions on hot topics and be rewarded for doing so!💬💰
Join us today!📣
🔗 https://t.co/Pu2Bo8WOUy#votetoearn pic.twitter.com/BQ3zLlAiId
Once it launches in the second half of the year, Love Hate Inu’s platform will present users with the ability to engage in a variety of polls and surveys, with participants being rewarded in crypto.
As written in its official whitepaper, “Our platform provides a unique opportunity for you to engage with important issues and promote healthy discussion, all while contributing to the next meme sensations and earning valuable tokens.”
On the one hand, Love Hate Inu is seizing on a trend that has been set by Elon Musk-style polls, with the Tesla and Twitter CEO essentially asking his followers to make decisions for him.
Should I step down as head of Twitter? I will abide by the results of this poll.
— Elon Musk (@elonmusk) December 18, 2022
Such polls have proven remarkably popular, with many going viral.
When combined with the offer of crypto-based rewards, there’s a possibility that Love Hate Inu’s polls could become even more contagious.
In addition, the global online survey market represents a rapidly expanding sector that the Love Hate Inu team is clearly trying to enter and corner.
For example, data from the Business Research Company suggests that this market will have a value of $5.69 billion by 2027, having grown at a CAGR of 15.5% in the previous four years.
As such, Love Hate Inu’s platform hopes to capitalize on a conjunction of various new and exciting developments, combining increasingly popular meme tokens with increasingly popular online polls.
Investors can participate in the LHINU presale by heading over to the official Love Hate Inu website.
They can purchase LHINU using either crypto (USDT or ETH) or fiat (via a credit card), making it more accessible than many other similar presales.
Greetings, #LoveHateInu community! 🌞🐶
— Love Hate Inu (@LoveHateInu) March 10, 2023
Who's eager to become a part of the Love Hate Inu world? 🚀🤩
You will be able to discuss very interesting topics on our platform! 💬🤝🌍
Join us now and experience the fun!📣
🔗 https://t.co/Pu2Bo8WOUy#cryptocommunity #memecoins pic.twitter.com/lDw2BT538z
Another contrast with other presales is that Love Hate Inu’s offering has been allocated 90% of LHINU’s total maximum supply of 100 billion.
In other words, the supply of LHINU is set to be considerably decentralized, with team members unlikely to have the ability to sway the coin’s price disproportionately in the event they sell their holdings.
And just as the hard cap of 100 billion tokens potentially makes LHINU deflationary, the need to stake LHINU tokens in order to participate in votes should take plenty of the coin out of circulation.
All other things being equal, this should result in a steadily rising LHINU price over time, particularly as the Love Hate Inu platform experiences growth and adoption.
Presale Gains
Taken together, the various facets of Love Hate Inu should make for a very successful presale, as well as a successful listing period.
While it’s still too early for any exchanges to have been confirmed as supporters of the token, there’s little doubt that many will be revealed in the coming weeks.
And once LHINU those list, there’s plenty of precedent to suggest that it could rise well beyond its presale prices.
Last year, Tamadoge (TAMA) rose by as much as 1,800% compared to its initial presale price when it was listed on OKX last October. Meanwhile, Lucky Block (LBLOCK) rose last year by over 6,000% compared to its opening sale price of $0.00015, underlining the kinds of gains that could be in store for LHINU.
In fact, it’s arguable that Love Hate Inu has even better prospects than either of these tokens, given how it has married the interest in meme tokens with the interest in online polling.
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
