Should SafeMoon Be Scared? HUH Token Releases Whitepaper

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

SafeMoon is a meme cryptocurrency that launched in March 2021. SafeMoon is a newbie to the cryptocurrency market, noted for its significant volatility, ten per cent transaction fees, and social media buzz. SafeMoon, like other well-known cryptocurrencies such as Bitcoin and Ethereum blockchain’s Ether, is built on distributed ledger technology and was launched in March 2021 on the Binance Smart Chain blockchain. The crypto’s value rocketed and made some lucky holders crypto millionaires. 

HUH Token has committed to a multibridge launch of USD 500,000 PancakeSwap and USD 500,000 liquidity in Uniswap. So, an impressive total of USD 1 million of liquidity is being put behind HUH Token at launch on 6th December. To put this number into perspective, Safemoon launched with just USD 200,000 total liquidity.

At this moment of writing, SafeMoon has been down 22.08% in the last 24 hours, according to CoinMarketCap. This dip might continue to drop as HUH Token have officially launched their Whitepaper. It is an extensive whitepaper, and it covers several important aspects of the cryptocurrency. It shows off its unique approach and innovative thinking, and while they will be new to the scene, HUH Token has the potential to pose a real threat to SafeMoon. This article will explore the unique components of HUH Token.

The HUH Redistribution Model

The HUH Token’s reflection system is a reward system that compensates holders based on the percentage of their holdings. For instance, if user A owns 0.5 per cent of the supply, user A will receive 0.5 per cent of the HUH rewards. This guarantees that all holders of HUH tokens are appropriately compensated for their trust in the MetHUH. The amount of HUH tokens that will be reflected is calculated by aggregating all purchase and sell transactions on the HUH network.

HUH Token Referral Reward System

One of the fundamental components of HUH is the HUH Referral Reward system, which allows HUH users to refer their friends and get rewarded for doing so. This is a one-of-a-kind system that operates in a very straightforward manner.

If you are the referrer and someone uses your unique code, you gain 10% of BNB distribution on the initial purchase of the referee directly into your wallet. Also, the referee receives a reduced sales fee.

The system focuses more on the investments’ maximum growth potential, paving the route for the HUH Nation’s success and increasing the holder’s peace of mind.

The Reward Distributor is a smart utility contract designed to manage referral bonuses. The Reward Distributor has features and functionalities that prove helpful when it comes to claiming rewards.

Security

HUH Token’s smart contract has been audited by Certik, Solidity Finance and Shellboxes. These are all renowned auditors.

https://solidity.finance/audits/HUHToken/ 

https://www.certik.org/projects/huhtoken   

https://defiyield.app/audit-database/huh 

HUH Token appears to have found the right balance between stability and excitement. The HUH Token holders benefit from earning two separate streams of income, which helps reduce the volatility associated with cryptocurrency. However, HUH Token is far from boring as the unique referral scheme provides holders with an extra layer of excitement. 

Follow HUH Token on their Socials:

Telegram: https://t.me/HUHTOKEN                          

Website: https://huh.social                            

Twitter: https://twitter.com/HuhToken                        

Instagram: https://www.instagram.com/huhToken/         

Disclaimer: The text above is an advertorial article that is not part of Cryptonews.com editorial content.