Today, it is no news that social media is the most commonly used technology. Social media is what a large portion of people in the world use as a medium of information. The emergence of cryptocurrency in 2008, with the introduction of Bitcoin, was a game-changer in the world of finance. Since then, it has become increasingly intertwined with social media platforms. One token making waves on the internet and trending on social media platforms at the moment is the Love Hate Inu (INU) token, and it is selling fast! At the moment, the meme coin is at stage 1 presale and is expected to increase in price at the stage 2 presale.
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Social Media has helped cryptocurrencies gain popularity by enabling people to share information and opinions about coins and tokens. Platforms like Twitter, Reddit, and Telegram have become hubs for discussing the latest crypto projects, ICOs (Initial Coin Offerings), and investing strategies. This has led to much hype around specific cryptocurrencies and caused their values to skyrocket. With LHINU trending across these platforms, it is definitely on the path to seeing its price rise.
In this article, we will analyze this vote-2-earn meme coin and give reasons why you should join the project now before the stage 2 price increase. Let's go!
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What is Love Hate Inu?
Love Hate Inu is a voting platform based on a blockchain that ensures that the result is unchangeable. LHINU is a meme coin with practical applications that has the potential to become one of the most desired cryptocurrencies in the world, like other meme coins that have managed to perform in the crypto market beyond the expectations of crypto traders. It is known as a vote-2-earn coin, meaning investors earn as they vote in the polls. Users are encouraged to participate in platform activities with tokens as a reward.
The main aim desired by the developers is to create a community that highly involves themselves in voting polls and is also empowered to create a variety of subjects like politics, sports, commerce, and many others.
Components of the project
According to the whitepaper, there are 3 main components for voting on the platform. These components are:
- User stage interface: This is the stage where users can vote only on available polls. According to the roadmap on the platform, the platform's algorithm is expected to be developed in the second quarter of 2023.
- Submission of vote: This permits users to produce polls by themselves, allowing them to vote on things of their choice, not on polls made available to them alone, unlike the staging interface. This update will be made available to users in the final quarter of the year 2023.
- Management dashboard: This assures the safety and security of users voting on the platform.
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Love Hate Inu ($LHINU) Presale
To participate in the activities made available on the platform, users must first purchase the native cryptocurrency of the platform, $LHINU. Before the platform can expand, funds need to be generated, hence the presale. The project's whitepaper states that of the 100 billion tokens created, 90% of the tokens would be supplied and made available for purchase during the presale stage, ensuring investors no risk of rug pull.
Given the time limit of 60 days for the presale stage, the token managed to sell over $950,000 worth of $LHINU in ten days, discrediting any doubt or negative information about the project. Investors are strongly advised to invest in the token immediately as it has about 24 hours only till the conclusion of the first stage of the presale.
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Given its performance in the first stage, the token is expected to increase in price drastically during the second stage; this is why it is the best time to join to gain from the price increase.
Need a Reason to Invest in Love Hate Inu (LHINU)?
Investors looking to invest in the project might need a reason why it is their best investment. Hence a brief explanation will be given as to why to invest.
- Freedom of Expression: The Love Hate Inu token permits users to express their positive or negative feelings freely on the platform without any threat inbound.
- Rewards: Users use their tokens as stakes to vote and are granted more tokens as a reward for participating by the developers.
- Anti-rug pull: One of the most popular scams in the crypto market is the rug pull. The rug pull is a process whereby a creator of a cryptocurrency advertises and promotes his creation to raise funds and then withdraws from the project alongside the traders' investments. The developers of this project have made 90% of the token available for sale in its presale stage to avoid rug pull and prevented a change in the token's value from frequent trading by using a 30-day staking minimum.
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How to Purchase Love Hate Inu ($LHINU)
There are two simple methods by which LHINU tokens can be bought. These methods are:
- The FIAT method: This method is a direct approach to acquisition. Using a bank card, the token can be bought directly through smart fiat contracts.
- The CRYPTO method: This method is the use of other crypto coins (USDT and ETH) to purchase the token. The token can be bought by simply connecting your crypto wallet to the LHINU platform and using either the USDT or ETH coin available to buy it.
The token would be made accessible to the investors after the presale stages without any vesting period.
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Conclusion
The crypto market has seen a drastic change in investments as investors are showing more interest in meme coins because of the influence of social media and their potential to improve compared to other crypto coins. Love Hate Inu coin is the best meme coin to invest in, as it has the best potential and the highest tendency to improve. Its performance in the first presale stage speaks for it, so investors looking to invest in the next big thing are advised to invest in the Love Hate Inu. Its first presale stage is set to end in about 24 hours to avoid having to pay more to acquire the tokens because it will definitely increase its value in the next presale stage.
