St3ve retweetledi
If you are new or seasoned in crypto it makes no difference because people still fall for liquidity traps.
When you see a cryptocurrency pump 10x it looks enticing! That is until you realize that there are really only a few large whales 🐋 that control the liquidity and the moment they sell the token becomes a trap! 🪤
Hopefully you realize before and not after, because once the liquidity is sold off you cannot sell your tokens and if you try you’ll get pennies on the dollar.
A project or token pumps hard on hype (social media, KOL influencers). Early insiders or whales hold large supplies. Late retail buyers FOMO in at the top, providing “exit liquidity” for the insiders to sell their bags. Once the selling starts, liquidity dries up, the price crashes, and new buyers are left holding worthless or illiquid tokens. Classic signs include heavy promotion followed by sudden dumps, locked liquidity that gets removed, or honeypot contracts where selling is restricted. 🚫
@Hoichitoken has a current market price of approx. $243k and maintains a liquidity pool of $217k held in Ethereum tokens. This means the value of $Hoichi is not pegged to Hoichi buys and sells but rather it is pegged to the value of #Ethereum.
As the value of Hoichi AND Ethereum grows, our contract value becomes exponentially valuable.
Someone smart, must have put this together because this type of contract is rarely seen and the few examples of anyone close to what Hoichi does has been destroyed by the “decentralized” admin of the project.
Check the records. The dev donated the 1% held in the Dev wallet towards our previous endeavors of cross chain bridging. The world wasn’t ready for cross chain bridging yet and it seems the world isn’t ready for Hoichi, but when it is I am certain Hoichi will be ready, Hoichi stays ready.
Until then we continue to watch closely.
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