Love Hate Inu Raises $500k, 3 days to go before the price increase

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Brand-new meme coin project Love Hate Inu is already making waves throughout the crypto market – raising a staggering $500,000 in just over a week. Love Hate Inu is still in its presale phase, enabling early investors to get involved at a discount. However, this early stage of its development hasn’t deterred thousands of people from buying LHINU and contributing to the project’s growth.Looking ahead, Love Hate Inu’s team has several exciting plans in the works for the coming months – leading many market commentators to believe that this could be one of the breakout crypto projects of 2023.

Love Hate Inu’s presale kicks off with a bang

Love Hate Inu’s presale phase kicked off on March 7, marking a significant milestone in the project’s development. This presale phase allows early investors to buy LHINU, Love Hate Inu’s native ERC-20 token, at a steep discount relative to the eventual listing price.

Within hours of its launch, the Love Hate Inu presale generated over $100,000 in funding, highlighting the considerable buzz surrounding the project. Since then, the presale has only become more popular – and recently smashed through the $500,000 mark.

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The main reason for the presale’s instant success is the low token price offered by developers. During Stage 1 of the presale, investors can buy LHINU tokens for just $0.000085. Given that the future listing price has already been set at $0.000145, this means Stage 1 investors can get involved at a 70% discount.

A total of 90% of the LHINU token supply (90 billion LHINU) has been allocated for the presale, with 11.25 billion tokens available in each stage. This means that once the allocation for a stage has been sold out, the price will increase in the following stage – incentivising investors to buy LHINU as early as possible.

Visit Love Hate Inu PresaleUnique ‘Vote-to-Earn’ mechanism sets stage for success
But why is the Love Hate Inu project attracting such huge attention? The primary driver of this exceptional demand is the project’s disruptive ‘Vote-to-Earn’ (V2E) mechanism, which provides a unique way for users to earn recurring income.

As per the whitepaper, this mechanism allows Love Hate Inu’s users to vote on trending topics. These topics could be anything, whether that be a specific world event or a controversial figure in the news. Users can vote on whether they ‘Love’ or ‘Hate’ the topic in question – and earn LHINU tokens as a reward.

LVH - Economic Times 1Spotlight Wire

LHINU uses the ERC-20 standard, meaning tokens can be easily transferred to other decentralised applications (dApps) or used in Ethereum-based DEXs. Notably, users must first own LHINU tokens to participate in the V2E mechanism since polls can only be entered by those that have staked their tokens.

Tokens must be staked for at least 30 days before being able to vote, which helps eradicate spammers and increase the accuracy of results. However, users can boost their earning potential by staking for longer or entering more polls – the possibilities are truly endless.

What does the future hold for Love Hate Inu?
The Love Hate Inu Telegram channel has grown to over 12,600 members in a matter of weeks, highlighting the impressive hype surrounding the project. This hype is well-placed since Love Hate Inu’s team has already presented several exciting plans for the future.

Love Hate Inu’s roadmap highlights plans to launch the LHINU token on several major exchanges in Q2 2023 – an event that will likely boost demand (and the token price). There are also plans for brand partnerships that will see ‘sponsored polls’ offered on the platform featuring exclusive prizes.

LVH - Economic Times 4Spotlight Wire

Q3 2023 sets the stage for the launch of user-created polls and the first V2E payouts. These user-created polls will form the lifeblood of the project and essentially put Love Hate Inu in the hands of the community rather than the developers.

However, early investors are most buzzing about the plans for early 2024, which will see Love Hate Inu’s voting mechanism integrated into several well-known metaverse experiences. Since the project is built on the Ethereum blockchain, there are potentially hundreds of metaverses that LHINU could combine with – a factor likely to influence the project’s longevity.

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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