What Is Hokkaido Inu (HOKK)?
Hokkaido Inu is a blockchain-based platform that develops decentralized financial products, unlike the current banking products. The platform aims to empower users to utilize cryptography for financial developments. Hokkaido Inu seeks to build an inclusive financial system, whereby the users are provided with products that enable them to send and spend their cryptocurrencies efficiently and affordably.
Hokkaido Inu aims to provide users with the privilege to transfer crypto instantly at low rates. Moreover, the platform enables users to trade in efficient DeFi projects. According to Hokkaido Inu's official website, the team intends to create a financial ecosystem based on decentralized finance, with the following core features: community-driven, hassle-free crypto transfers, global accessibility, fast, easy and secure operation, etc.
In addition, the Hokkaido Inu platform seeks to provide several products to the users:
HOKK Swap: HOKK Swap lets users swap on ETH, Binance Smart Chain (BSC), and HECO. HECO is a decentralized, cost-efficient public blockchain that aims to ease cross-chain asset transfer and charge low gas fees.
HOKK NFT: HOKK NFT aims to provide utility NFTs, whereby users can earn yield instantly when they mint NFTs.
HOKK Premium: HOKK Premium is a DeFi platform that aims to enable users to earn yield for long-term value by spreading their ETH and USDC. USDC, or USD Coin, is a tokenized version of the US dollar, pegged to the value of the US dollar.
HOKK Wallet: HOKK Wallet is a universal crypto wallet that seeks to help users send and receive cryptocurrencies, pay in crypto for products online or in-store, accept crypto for their businesses, and track and maintain their portfolio.
HOKK Launch: HOKK Launch is a community-based launchpad that intends to help the HOKK holders, the meme utility token of the Hokkaido Inu platform, to help in early-stage DeFi projects. Meme tokens are cryptocurrencies that are related to memes or jokes.
HOKK TREATS: HOKK Finance's newest endeavor, TREATS, seeks to bring meme-utility to the market. The website of Hokkaido Inu refers to TREATS as a yield farming platform, which enables the HOKK token holders to stake their tokens and generate TREATS. HOKK token provides the holders access to HOKKFi, which is a portal for the HOKK Finance ecosystem. On the other hand, TREATS aims to perform the governance and overall utility of the platform.
HOKK School and University: HOKK School and University aims to offer online financial management and wealth creation courses to adults to spread the awareness of the crypto world among the next generation.
History of Hokkaido Inu (HOKK)
Hokkaido Inu started as a meme token in 2021. Lawrence Hutson is the CTO of the Hokkaido Inu platform. Hutson is a computer scientist with deep knowledge and expertise in cryptocurrency, blockchain, smart contracts, NFTs, and DeFi.
Andrew Fuertes, the lead engineer at Hokkaido Inu, has more than 15 years of experience in IT. Simon Bowles is an advisor of Hokkaido Inu. Since 2014, he has specialized in fintech.
How Are New HOKK Earned & Created?
Users can stake HOKK tokens and generate TREATS in return. With the high APY (annual percentage yield) on offer, HOKK holders can receive a passive yield, further expanding HOKK's ecosystem by rewarding users for holding the token.
Here, TREATS is a yield farming platform. Yield farming and staking are quite similar in that they both require holding a certain number of crypto assets in order to make rewards. Yield farming is a method of generating extra cryptocurrency with the existing cryptocurrency. It requires users to lend their money to others through smart contracts. Users receive fees in the form of crypto in exchange for their services.
