We publish one article each week, every Saturday morning, but this one can’t wait as it’s time-sensitive. And I want you to have the information as soon as possible and do whatever you want with it.
Love Hate Inu is the latest meme token to launch on Ethereum, and it operates based on the unique concept of “vote to earn”.
The platform will allow you to earn rewards by voting for polls on popular global issues or personalities.
Basically, the project aims to disrupt the online survey market by combining the transparency of the blockchain with the community and social power of crypto memes in its voting system.
Below is everything you need to know about this new meme token.
How it works
Love Hate Inu allows you to stake your LHINU which qualifies you to vote in polls on the platform and earn more tokens.
As a result, the more tokens you stake and the longer your staking period, the more voting power you accumulate and the more you can earn.
This on-chain voting system using LHINU is said to prevent spam or manipulation, and make the voting process transparent and anonymous.
According to the team, anyone can create polls that people will love or hate with their votes.
The idea or concept of the Love Hate Inu meme token projects seems very simple and straightforward.
Love Hate Inu public sale
Currently, Love Hate Inu is running a public sale directly on their website where you can buy the token with ETH or USDT.
The LHINU public sale is organised into 8 stages, each stage lasting for 7.5 days. The entire sale is scheduled to be completed in early May 2023.
The price of the token starts at $0.000085 in stage one, then increases to $0.000090, $0.000095, $0.000105, $0.000115, $0.000125, $0.000135, $0.000145 in stage 2 to 8 respectively as shown in the table below.
Based on the above, the team will be raising a total of $10,068,750 worth of ETH and USDT for the development of the project.
Love Hate Inu tokenomics
Love Hate Inu (LHINU) has a total supply of 100 billion (100,000,000) tokens, 90% of which (90,000,000) will be sold in public sale.
The remaining 10% (10,000,000,000) will be used to provide initial liquidity, fund exchange listings, and community reward programs.
With zero team allocations and almost all tokens being in the hands of the community members, the possibility of a rug pull is eliminated.
But there’re other risks you must be aware of which we discussed below.
What’re the risks of buying the Love Hate Inu (LHINU) meme token?
First, the developers of the project are anonymous and can decide to disappear with the funds raised in the public sale, and there’s nothing you can do about that.
So, if you’re investing in this project, you’re trusting in the integrity of the developers behind it and hoping that they follow through with their plan for the project as contained in the whitepaper.
Secondly, many early buyers may choose to dump upon launch which can cause the price of the token to dump.
It’s hard to predict what the majority of investors will do with their tokens when it’s listed. You should have your own entry and exit strategy before investing.
Thirdly, the team could abandon the project entirely after a while, and if the community don’t take it up, it could die a natural death.
The red flag I see with the Love Hate Inu project
First, the team is anonymous and is raising a large amount of money through their own website instead of using a trusted launchpad to assure investors’ trust.
I mentioned that the amount being raised is very high for a meme token with a simple business model, but they reminded they’re releasing 90% of the token with no team allocations.
If they don’t disappear with the money raised, then this is a good thing, but that is a big ($10 million) risk.
Secondly, they’re giving away 5% of every purchase made by people you refer to the public sale.
That means they’re allocating 5% of the raised amounts to marketing and publicity through the referral program alone.
Though 5% is not too much for effective marketing, it can easily appear like a Ponzi scheme, especially IF the project is not legit.
But if they’re legit, it’s an efficient marketing program as it’s based on results.
NOTE: The links in this article are my referral links and I will earn 5% of anything you spend in purchasing LHINU in the public sale.
Should you invest in Love Hate Inu (LHINU)?
That’s a decision you’ll have to make by yourself after doing your own research and understanding the risks involved.
You can choose to buy during the ongoing public sale at much lower prices or wait until the token is listed on an exchange, but the price may be higher then.
However, if you don’t want to miss the potential upsides but also don’t want to take too much risk, then it makes sense to divide your capital into two.
Use half of it to buy at lower prices in the public sale and hold the rest to buy after listing.
So, if it turns out to be a scam, you only lose 50% of your allocation which went into the public sale. And if successful, at least you captured some of the upsides.
Remember, there are always risks involved in making money. You just need to take calculated risks and only with the money you can afford to lose.
Why are you writing about Love Hate Inu (LHINU)?
Because I want to educate you on this new meme token, and I also want to capture any potential upside if it turns out to be legit and successful.
Meme tokens are extremely risky investments but we’ve seen many of them create unbelievable success stories.
My only warning is that you use only your degen play money or money that you can afford to lose if the worst happens.
Conclusion
Love Hate Inu could be the latest meme token sensation to rock the crypto market, especially in the impending bull run, if it doesn’t turn out to be a scam.
The concept of the project is simple and well articulated in their whitepaper and the team seems to have solid experience in the crypto industry.
Whether Love Hate Inu will be successful like popular meme tokens such as Doge, Shiba Inu, Floki, etc is left to be seen.
What do you think about this new meme token? Share with us in the comments section below.