New crypto presale Love Hate Inu raises $2 million for innovative vote-to-earn platform Read to know more
Love Hate Inu (LHINU), a new decentralised project that’s pioneering a vote-to-earn rewards system for online surveys, has raised more than $2 million through its crypto presale. The project has attracted a lot of excitement from investors and is rapidly making progress towards its $10 million fundraising goal.Love Hate Inu is a meme coin with real-world utility. It takes aim directly at the $3 billion online survey industry and puts users in control of the topics they want to vote on. The presale is now in Stage 3 out of 8, but less than a week remains until the next price increase. During the current stage, investors can buy LHINU tokens at a price of 1 LHINU = 0.000095 USDT.
Vote-to-earn rewards promise to transform online polling
At the heart of Love Hate Inu’s platform is its innovative vote-to-earn system. In order to cast a vote on Love Hate Inu, users are required to stake LHINU tokens for a minimum of 30 days. Their voting power is based on the amount of LHINU they stake and for how long. Users can then vote love or hate on a poll. When they do, they’re rewarded with LHINU tokens. These can be staked for additional voting power in future polls or cashed out in exchange for providing community members with a steady income.
This system directly incentivises Love Hate Inu community members to play an active role in the ecosystem. Users earn LHINU by making their voices heard, which in turn amplifies the impact of Love Hate Inu’s surveys. Moreover, Love Hate Inu’s staking mechanism ensures that no survey results can be manipulated. Every vote is recorded on the blockchain so that it’s recorded permanently and immutably.
Setting the stage for viral new memes
Although Love Hate Inu has a lot of utility, it’s also a meme coin at heart. Part of the goal of this project is to develop viral memes that can be shared across social media and generate some lighthearted fun in the process. Love Hate Inu’s presale site gives several examples of how it can be used to generate new memes. Example surveys ask users to vote whether they love or hate celebrities like Donald Trump, Elon Musk, and Andrew Tate.
Spotlight WireEach celebrity is accompanied by two caricatures: one as an angel and the other as a devil. These caricatures are displayed prominently alongside the poll results, creating a ready-made meme.Earning long-term revenue through partnerships
Love Hate Inu plans to generate returns for its investors not only through vote-to-earn rewards but also through revenue from partnerships with brands and metaverse platforms. While polls on Love Hate Inu yield LHINU tokens as voting rewards by default, other rewards are possible. Brands can partner with Love Hate Inu to create polls about new products and get honest feedback from a highly engaged community. As an incentive for users, the brand can offer NFTs instead of LHINU as a voting reward.
In addition, Love Hate Inu can partner with up-and-coming metaverse projects to enable voting within their digital worlds. Rewards can take the form of a metaverse-specific token, NFTs, or something else of value within that metaverse.
Love Hate Inu can use revenue from these partnerships to buy back LHINU tokens. That should not only push up the price of LHINU over the long run but also ensure that there’s a steady supply of LHINU rewards available for community members for years to come.
Putting LHINU in the hands of the community
Love Hate Inu is releasing 90% of its total supply of 100 billion LHINU tokens during the project’s presale. That’s an unusual move for a new crypto project, but it reflects Love Hate Inu’s community-centric approach.
Spotlight WireBy releasing the vast majority of tokens during the presale, Love Hate Inu’s development team aims to ensure that its tokens end up in the hands of individual investors who are passionate about the project. There are no tokens held in reserve for venture capital investors or institutions.The remaining 10% of tokens are reserved for voting rewards and to provide liquidity during an initial exchange offering.
The Love Hate Inu presale is split into 8 stages, with the price rising during each stage. Each stage lasts just over one week, and the presale has a hard cap of $10 million in token sales.
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
During the current stage, investors can purchase LHINU at a price of 0.000095 USDT. However, there’s less than a week left before the price rises again. Investors during Stage 3 will hold unrealised gains of 52% by the end of the presale.
What’s next for Love Hate Inu?
Love Hate Inu’s development team plans to hold an initial exchange offering shortly after the end of the presale. There’s no vesting period for tokens purchased during the presale, so investors can choose to sell their tokens or hold onto them to start earning vote-to-earn rewards.
The voting platform is expected to launch in the third quarter of 2023. By the end of the year, Love Hate Inu plans to enable community members to propose their own polls. Users will earn LHINU rewards for creating polls, just as they do for voting. Brand partnerships are expected to roll out in late 2023, while metaverse integrations are planned for 2024 and beyond.
Visit Love Hate Inu Presale
Disclaimer: The above content is non-editorial, and Economic Times hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content. Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
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This story originally appeared on: India Times - Author:Faqs of Insurances
