New Meme Coin Love Hate Inu Launches First Vote-To-Earn Project & Races Past $150k In Less Than 48 Hours
By Benzinga
The newest meme coin in the space has now raced past $150,000 of investment in less than 48 hours as buyers rush to secure their tokens.
Love Hate Inu (LHINU) has launched a novel concept for Web3 – vote-to-earn – with the project to take a disruptive step into the $3.2 billion world of online polling and surveys.
Users will be able to have their say on a wide range of topics, from fun, viral and shareable content to serious polls and sponsored ones that will offer unique rewards.
Having only launched this week, the Love Hate Inu presale is still in its first of eight stages and is set to run until May 8, 2023.
Vote-to-Earn for Rewards and Transparency
Love Hate Inu will allow its users to earn simply for taking part in a wide variety of polls.
Online polling and surveys is already worth more than $3 billion and is a rapidly expanding industry, having grown by 14.6% in the last 12 months – with the Business Research Company predicting an increase to $5.69 billion by 2027.
The project will utilize blockchain technology to solve issues the current industry faces – such as manipulated results due to bot farms and activists – by being fully transparent and reliable.
Not anyone can take part in the votes, with users having to stake their LHINU tokens for at least 30 days to be able to take part, with a longer staking period and more tokens held equalling more voting power.
Exact details on the rewards will be provided closer to launch, while Love Hate Inu will produce and manage the initial polls, but by Q4 2023, community members and third parties will be able to submit their own.
The internet will get a definite answer on burning issues of the day, as well as viral content on polarizing figures such as Elon Musk or Donald Trump.
Again, to ensure interest and quality on the site, polls will be submitted via a Vote Submission Platform, and community members will decide whether to proceed with them.
Love Hate Inu plans to also welcome other Web3 projects and brands to run sponsored polls that offer unique rewards and prizes that could range from other tokens to unique NFTs and more.
LHINU’s Meme Coin Potential and Tokenomics
The Love Hate Inu presale has already drawn huge interest not only because of the unique utility of the project but because of its meme coin aesthetic and high growth potential.
It will be totally in the hands of the community, with 90% of the 100 billion tokens sold during the presale and the remaining 10% reserved for liquidity on exchanges – also removing any change of the project being a rug-pull.
|
Presale Stage |
Token Price |
Amount of Tokens |
Token Percent |
Total Price |
Stage End Date |
|
1 |
$0.000085 |
11,250,000,000 |
12.5% |
$956,250 |
(Soft launch) + 7.5 days |
|
2 |
$0.000090 |
11,250,000,000 |
12.5% |
$1,012,500 |
7.5 days |
|
3 |
$0.000095 |
11,250,000,000 |
12.5% |
$1,068,750 |
7.5 days |
|
4 |
$0.000105 |
11,250,000,000 |
12.5% |
$1,181,250 |
7.5 days |
|
5 |
$0.000115 |
11,250,000,000 |
12.5% |
$1,293,750 |
7.5 days |
|
6 |
$0.000125 |
11,250,000,000 |
12.5% |
$1,406,250 |
7.5 days |
|
7 |
$0.000135 |
11,250,000,000 |
12.5% |
$1,518,750 |
7.5 days |
|
8 |
$0.000145 |
11,250,000,000 |
12.5% |
$1,631,250 |
7.5 days |
|
Total |
90,000,000,000 |
100% |
$10,068,750 |
Love Hate Inu will take on the mantle of other meme coin projects – such as Dogecoin, Shiba Inu and Floki Inu, which all provided early investors with huge returns – through its fun and shareable content and its exciting presale.
Having raised more than $150,000 of funding in less than 48 hours, investors can purchase LHINU for $0.000085 during stage one of the presale.
By the eighth and final stage, tokens will have risen in price to $0.000145 each – a 70.5% increase.
Each stage will offer 11.25 billion tokens for sale but will move rapidly, lasting just 7.5 days before the next stage begins.
That means the whole presale, which has a hard cap of $10,068,750, will only last two months and is set to close on May 8, 2023.
Beginners’ Guide: How to Purchase LHINU
The steps below will show beginners how to take part in the Love Hate Inu Presale:
Step 1 – Download a Crypto Wallet
Investors will first need to download a crypto wallet such as MetaMask or Trust Wallet.
They are free and can be used either via a browser extension on a PC or via mobile app.
Step 2 – Purchase or Hold ETH
Investors will need to hold some Ethereum (ETH) in their crypto wallet – both to convert into LHINU and to cover Ethereum gas (transaction) fees.
ETH can be bought via any trusted crypto exchange or broker and simply transferred into the wallet, or directly on the wallet with both MetaMask and Trust Wallet.
Tether (USDT) can also be used to purchase LHINU, but ETH is the simpler choice for beginners as buyers will need to hold some anyway for gas.
Step 3 – Connect to Love Hate Inu Website
Once ETH (or USDT) is held in the wallet, visit the Love Hate Inu website and select ‘Buy Now!’
That should then allow you to connect and sign in with your crypto wallet.
Next, select the relevant ‘Buy With…’ option and input the amount of tokens you wish to purchase or spend – after confirming, another window will appear where you will need to confirm the ETH gas fee, so leave some over to cover that.
Step 4 – Claim LHINU Tokens
The Love Hate Inu presale is due to run until May 8, with any purchased LHINU being stored on the website until then.
The project will announce exact details on how to claim tokens when the presale ends.
Website: https://www.lovehateinu.com/
Whitepaper: https://www.lovehateinu.com/assets/document/whitepaper.pdf
Social Channels: Twitter | Telegram | Telegram Announcement | Instagram | Discord
This post was authored by an external contributor and does not represent Benzinga's opinions and has not been edited for content. This content contains sponsored advertising content and is for informational purposes only and not intended to be investing advice. Cryptocurrency is a volatile market; do your independent research and only invest what you can afford to lose. New token launches and small market capitalization coins are inherently more risky than large cap cryptocurrencies. These tokens are subject to larger liquidity and market risks.
