Home web3.0 HIPPOP (HIPPOP) Is a Meme Token Based on Real-World Assets (RWA) with a Clear Use Case

HIPPOP (HIPPOP) Is a Meme Token Based on Real-World Assets (RWA) with a Clear Use Case

Jul 17, 2024 am 08:34 AM

In addition to its utility, HIPPOP boasts a large NFT and artist community. The recent launch of the HIPPOP app allows users to utilize HIPPOP tokens.

HIPPOP (HIPPOP) Is a Meme Token Based on Real-World Assets (RWA) with a Clear Use Case

HIPPOP, a meme token pegged to Real-World Assets (RWA), boasts a clear use case and a dedicated NFT and artist community. With the recent launch of the HIPPOP app, users can now purchase tickets, participate in raffles, cast votes, and buy artwork using HIPPOP tokens.

The company currently operates four clubs in Korea that accept the token and runs an entertainment business with about 30 affiliated DJs and influencers. Despite being a meme token, HIPPOP has also partnered with clubs in Beijing, Changsha, and Bangkok, where the token can be used for payments.

How GoMining is revolutionizing Bitcoin mining through NFTs

As Bitcoin (BTC) mining becomes less profitable due to the 2024 halving event, new strategies are emerging to make large-scale mining accessible to retail investors. One innovative approach is GoMining's use of gamified Bitcoin mining NFTs.

In a recent Cointelegraph Research report on the state of the mining industry, the impact of the halving on mining profitability is analyzed. The report highlights the exponential growth trend of the total Bitcoin hashrate, with key deviations occurring when miners массово upgrade to newer hardware before each halving and turn off older rigs afterward.

While the total hashrate is increasing exponentially, the performance of individual mining rigs is advancing at a slower rate, ultimately leading to diminishing returns on scale for large-scale mining operations.

As the performance of individual rigs reaches a plateau and the total hashrate continues to grow, the cost of operating a large-scale mining farm becomes increasingly high, making it difficult for retail investors to participate directly in large-scale Bitcoin mining.

To address this challenge and open up large-scale Bitcoin mining to retail investors, GoMining has introduced a unique approach that leverages NFTs. The company offers limited-edition NFT collections, each representing a specific Bitcoin mining rig.

By owning one of these NFTs, holders can participate in GoMining's Bitcoin mining pools and earn a portion of the mined BTC, depending on the rarity and hash power of their NFT rig.

This innovative model enables retail investors to access large-scale Bitcoin mining without the need for specialized hardware or technical expertise. Moreover, it provides a gamified and engaging way to participate in the mining process.

The HIPPOP app will soon undergo a major update, which includes burning approximately 50 million tokens. The HIPPOP app has three main functionalities:

Active Web3 online and offline promotional activities

HIPPOP collaborated with TRON to host a party with Justin Sun at the 2023 KBW event. The team also engages in banner advertising on various online platforms and leverages over 200 social influencers for promotions.

Offline, HIPPOP participates in activities to enhance brand awareness as a strategic partner, sponsoring and hosting side events at major Web3 events such as KBW, IVS, and TOKEN2049. These marketing strategies effectively foster diverse communities and user groups.

Despite being a meme token, HIPPOP has been active both offline and online for a significant period and is continuously launching apps and expanding its community.

To learn more about this project, please visit its website.

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