Crypto News: Shiba Inu Rival Love Hate Inu Raises $4.4m - Launches Viral Love-Hate Andrew Tate $10k Voting Competition
April 17, 2023 (Investorideas.com Newswire) Viral vote-to-earn meme coin Love Hate Inu has raised $4.4 million from investors and to celebrate that success has launched a demo vote competition
Do you love or hate Andrew Tate? Vote now for a chance to win $10,000.
This first vote is off-chain and the free-to-enter competition is easy to take part in.
To participate, head over to the Love Hate Inu homepage and below the presale contributions area, see the 'Vote for a Chance to Win $10,000' header; click on the 'Vote Now to Win' button.
All you have to do next is click the 'Vote Love' or 'Vote Hate' button. Once you have voted, enter and verify your email address. Voters can then share on their socials how they voted.
Love or hate Andrew Tate? Let Love Hate Inu know for a chance to win $10,000
At the time of writing Andrew Tate, currently under house arrest in Romania, is feeling the love. The haters are lagging behind by a very substantial margin.
There can only be one lucky winner and the end date has not yet been communicated, so it is best to jump in as soon as you can.
If you hate Andrew Tate you may be especially motivated to take part in the platform's first poll to even up the score.
Over the weekend 4,400 people voted and that number is expected to mushroom in the coming week.
As well as being a fun and valuable way of saying thank you to the community for its enthusiastic support for the project, this first vote also provides a powerful proof of concept for the business model.
Love Hate Inu - meme coin virality and blockchain-powered vote-to-earn utility
Love Hate Inu (LHINU) is a new cryptocurrency project that combines meme coin virality with a highly innovative vote-to-earn system. It is a meme token that offers real utility in a voting system based on blockchain technology.
Going forward, platform users will be able to have a say on trending topics, address critical issues and contribute to the creation of the latest meme sensations, all while earning valuable tokens.
By staking LHINU tokens, users can participate in the latest polls and earn tokens for voting. Over time, the community will decide on which polls they want to create.
The beauty of Love Hate Inu is that it is a secure and transparent platform for voting on issues that matter - an ideally suited use case for blockchain technology.
Because its staking mechanism is secured by smart contracts, it prevents spam and manipulation as well as the voting process being both verifiable and anonymous.
No.1 crypto exchange reported last year to be creating an internal Binance, an investor in Twitter, was building a team to help Twitter fight bot accounts by leveraging blockchain and crypto.
Perhaps Elon Musk should keep an eye on what the team at Love Hate Inu are up to, as the team has already started building the on-chain system.
Seven days until the next presale price rise, so no time to waste
There are only seven days to go before the next staged price increase, from $0.000115 to $0.000125 in Stage 6 of the eight-stage presale.
The latest milestone achievement comes after it was announced two weeks ago that Carl Dawkins, formerly head of growth at top 10 ranked meme coin Tamadoge, is its new CEO.
Commenting on the $10,000 voting competition, Dawkins said: "The vote is already off to a flying start, so we couldn't be more pleased."
He continued: "If the early success of this demo vote is anything to go by then it shows we are onto something big. It is nice to see that being validated in real time. We wish everyone taking part the best of luck, whether they love or hate Mr Tate."
Dawkins is well known in the crypto space and is an advisor to the UK All Party Parliamentary Group on Crypto and Digital Assets.
For more information on the project and to get acquainted with Dawkins, interested parties can check out the Monday, April 10th Twitter Spaces AMA Dawkins hosted for the Love Hate Inu community.
Massive open-ended potential of Love Hate Inu vote-to-earn platform
In addition to voting on personalities that everyone has an opinion about, there are many other possible use cases for vote-to-earn.
In the AMA with community members, Dawkins emphasized how voting would not be purely about trending issues and personalities.
He revealed that there will also be polls on project governance issues. For instance, the community could be involved with decision-making on what to spend marketing budgets on.
Also, it has been revealed that the dev team is currently working on a VIP KYC system for companies that want to conduct more serious polling activity.
Partnerships are being negotiated to deliver the KYC system, but details are yet to be confirmed. The VIP polls will include the functionality to provide participants with in-real-life rewards.
Combined with the staking requirement for voting, companies and those looking at poll results and surveys can be sure that the result is not skewed by bots or manipulated in some other way.
Polls and voting on the platform will have a security and community confidence that no other system will be able to match.
Love Hate Inu is one of the most popular presales of the year - Next Shiba Inu?
Love Hate Inu's presale is shaping up to be one of the most popular of the year so far - analysts are pointing to Love Hate Inu as among the best cryptos to buy now.
Given its unique utility setting it apart from other meme coins, Love Hate Inu could very easily be the next Dogecoin or Shiba Inu.
The $LHINU presale started at a price of $0.000085 in Stage 1 and when the presale ends will be priced at $0.000145. Buyers who were first off the mark could realize an instant gain of 70% when the coin is listed on its first exchanges.
Even so, if you buy now, before the price rises in Stage 6, you will still be in line for a 38% paper gain.
Love Hate Inu could very easily be the next Shiba Inu. The second-largest meme coin was launched in August 2020 and has grown in value since then by an incredible 722,900x.
Fair and transparent voting, fair and transparent presale
Ninety percent of the total supply of 100 billion tokens are on offer in the presale. The generous allocation means there are no worries about the possibility of a rug pull by unscrupulous developers or team members.
Investors can buy Love Hate Inu using ETH, BNB or USDT (Tether stablecoin).
There is also no vesting period for the $LHINU token, which means buyers receive 100% of their purchase before the public listing.
As the altcoin season gets going, investors are looking for the projects that will generate the highest returns on investment on the basis of strong fundamentals and a strong value proposition. Love Hate Inu is the perfect fit.
An old maxim of investment is to invest in what you know and understand.
Love Hate Inu is just that: an easy-to-understand business model that combines viral meme coin brand power with blockchain technology's unique selling points.
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