Hoge Finance current price is $0.00002933.

HOGE is a deflationary cryptocurrency. Every time a transaction takes place with HOGE, 2% of that transaction is distributed and removed (i.e. "burned") from the total supply. This increases the scarcity of every HOGE coin in circulation. What this means is that every time HOGE is used, the value of the remaining HOGE tokens in circulation is increased by simultaneously decreasing the supply (deflation), while also distributing HOGE to everyone using the token. As a result of this, every single HOGE holder has an incentive to spread the use of HOGE as much as possible. As more transactions take place on the network, the individual net-worth of all who own a piece of the network increases as well.