Vladislav Sopov
The team at El Hippo (HIPP) is developing a new meme-themed cryptocurrency with NFTs and deflationary token mechanisms
The newly launched meme cryptocurrency El Hippo (HIPP) presents itself as the latest major project in the meme coins segment. So it’s trying to gain popularity among the enthusiasts of this overrated scene.
El Hippo (HIPP) launches new meme coin with various utilities
Launched in mid-August 2023, El Hippo (HIPP) meme coin combines the “just-for-fun” ethos of meme cryptocurrencies with deflationary tokenomics, active community development, and dedicated collections of non-fungible tokens (NFTs).
Big news for the Meme Coin universe! El Hippo Token ($HIPP) Makes Waves As Its Market Cap Hits 1 Million! Join us on X, Telegram and Coinmarketcap. #ElHippo #Memecoin #HIPP pic.twitter.com/ur1xVFBKm8
— El Hippo (@elhippomeme) August 21, 2023
HIPP’s catchy name and engaging mascot aim to be symbols of the platform’s strong tokenomics design, transparent decentralization, experienced marketing team, and passionate community.
There are a total of 777 trillion HIPP tokens. A total of 92.1% of this huge sum is stored in the liquidity pool. This allocation is intended to protect the stability and decentralization of the entire HIPP token system. Six point nine (6.9%) of the HIPP supply is stored in another wallet for future interactions with centralized exchanges, cross-blockchain bridges, and external liquidity pools.
According to the El Hippo (HIPP) team’s official statement, its offering can be tracked through the elhippo.eth, hippnft.eth, and hippcex.eth wallets. The new token will be issued on top of Ethereum (ETH).
Demonstrable scarcity is one of the most impressive features of HIPP’s tokenomic design. The token has a built-in burning engine, so it is deflationary by default. The 1,000 initial holders represent the first cohort of HIPP enthusiasts able to test its tokenomics.
In addition to being a fancy and attractive meme token, HIPP has various layers of utility in the El Hippo (HIPP) ecosystem. For example, it is paramount in motivating core listings, fostering influencer relationships, and funding long-term marketing activities for new and existing enthusiasts of the El Hippo (HIPP) project.
Active community management and ecosystem development in focus
Because HIPP is an Ethereum-based ERC-20 token, it can be purchased without custody via major EVM decentralized wallets, including MetaMask and TrustWallet. Starting today, HIPP can be purchased by investors around the world using Ethereum (ETH) and US Dollar Tether (USDT) in ERC-20 version.
Additionally, the El Hippo (HIPP) team is focused on building a large and passionate community of meme coin enthusiasts interested in the continued success of the platform and its token.
As of August 2023, El Hippo (HIPP) list of social channels includes Twitter, Discord, Telegram and CoinMarketCap. Community activists can express themselves through lively interactions and collaborate with each other on the Web3 journey.
A cCommunity-centric approach makes El Hippo (HIPP) a true meme coin and creates the perfect foundation for its further development and promotion.
El Hippo (HIPP) announces the next phases of the roadmap
Source: freepik.com
El Hippo (HIPP) represents a long-term vision and strategy to use the token to drive its strategic growth and reward loyal community members.
The 2023-2024 roadmap highlights some promising milestones. First, the team will look at ways to launch a campaign for DEX listings, attracting over 1,000 owners and building the El Hippo Oasis community on Discord.
Phase 2 of the roadmap includes premier CEX listings, 10,000+ ownership count, a number of strategic partnerships and community rewards initiatives.
Phase 3 introduces the El Hippo Post newsletter, an academy, 100,000+ owners and El Hippo merch. Finally, Phase 4 will feature the El Hippo NFT collection, Tier 1 listings, 1,000,000+ holders and more.
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