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New Crypto Platform Goes Viral For Rewarding Users Who Vote in Elon Musk-Style Polls

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New Crypto Platform Goes Viral For Rewarding Users Who Vote in Elon Musk-Style Polls
New Crypto Platform Goes Viral For Rewarding Users Who Vote in Elon Musk-Style Polls

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The meme coin hype is far from over, bolstered by increasing investor expectations for massive returns. Dogecoin (DOGE) and Shiba Inu (SHIB) turned most of the early adopters into instance millionaires during the previous bull market in 2021. Investors still believe some dog-themed tokens have the potential to achieve the same growth as the two popular meme coins—DOGE and ShIB.

For that reason, investors have in the last few days been rushing to get a piece of an upcoming meme coin called Love Hate Inu (LHINU). Despite LHINU falling in the meme coin category, it is a first-of-its-kind vote-to-earn web3 social media platform.

The startup behind LHINU has introduced a social polling platform that is inspired by the dog theme – powered by blockchain technology. Within a few days of launching their initial crypto token presale, the team has successfully raised $357,000 in funds.

Why Is Love Hate Inu Going Viral?

Love Hate Inu has been gaining popularity on social media which is evident from the success of its presale. The project’s Twitter handle has attracted more than 31,000 followers since its first tweet on March 8th.

It is anticipated that this number will increase significantly in the upcoming weeks. Moreover, the project’s Telegram channel has already amassed over 10,600 members.

Investors have been making hastes to secure LHINU tokens, which will power Love Hate Inu’s blockchain-based social media polling network, before the first stage of the presale ends and prices jump. Tokens are currently available for $0.000085 each, but that price will rise to $0.00009 in just seven days.

Love Hate Inu is looking forward to listing this token at $0.000145, meaning investors who secure their positions now will be sitting on a 70% paper gain by the time LHINU starts trading live. LHINU tokens can be bought using crypto (ETH and USDT) and via normal credit card fiat transactions.

Analysts at InsideBitcoins have so far ranked Love Hate Inu as the best presale for 2023.

Exploring Love Hate Inu’s Vote-to-Earn Platform

Despite Love Hate Inu being a revolutionary vote-to-earn project, the development team is presenting it to investors in a simple but straightforward manner, without any unwanted ambiguities.

LHINU owners will be able to stake their tokens and vote on meme polls on a wide range of topics like politics, entertainment, and social issues. According to Love Hate Inu’s development team, “the voting system is built on blockchain technology, ensuring the process is fair, transparent, and secure.”

If users stake LHINU tokens and participate in poll voting, they will earn tokens as a reward from the poll creator. The higher the stake amount and longer the vesting period, the greater voting power they will have for each poll.

At first, Love Hate Inu’s creators will manage the polls displayed on the platform. However, they aim to transfer control to the community through a Vote Submission system that will be launched later in the year. This platform will allow users to suggest their poll ideas for the community to review.

What’s Love Hate Inu’s Growth Potential?

The Love Hate Inu project has the potential for significant expansion in the future since it merges two rapidly burgeoning sectors – that of crypto dog-inspired meme coins and the online survey market.

According to The Business Research Company, the software market grew at a compound annual growth rate (CAGR) of 14.6% in 2022 from $2.79 billion to $3.2 billion, with this market expected to expand to $5.69 billion by 2027, implying a CAGR of 15.5% over the coming years.

The software market experienced a significant growth rate of 14.6% in 2022, increasing from $2.79 billion to $3.2 billion. It is expected to maintain its growth trajectory and reach $5.69 billion by 2027, implying a compounded annual growth rate of 15.5% over the next few years, according to The Business Research Company.

Love Hate Inu says its project is “disrupting the online survey market by introducing the first blockchain-powered voting platform capable of recording immutable results via distributed ledger technology.”

In the event, Love Hate Inu grows to be “the only online polling platform that truly matters” as its team portrays, the market cap of its LHINU token could grow exponentially higher as Shiba Inu’s did back in 2021.

Given the total token supply of 100 billion, that implies a market cap of $14.5 million, which is far lower than many existing meme coin projects struggling with overwhelming supply.

Assuming the project experiences reasonable expansion by the end of 2023 and hits its targets as outlined in its roadmap, such as the delegation of poll creation to the community, Love Hate Inu data monetization through brand agreements, and incorporation into significant metaverse experiences by 2024, there is a high possibility that the market cap will increase significantly.

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