Chihuahua

Chihuahua (HUA) is a community meme token inspired by one of the tiny breeds of dogs by the same name. Meme tokens are cryptocurrencies inspired by memes or internet jokes. Chihuahua aims to add to meme coins through a strong backing of the community by launching itself with fair and transparent coin distribution. 

According to the official document, Chihuahua is conceived as a decentralized ecosystem built by people interested in blockchain technology. The platform seeks to welcome everyone interested in participating in this effort on the same terms as the rest of the community. In the future, the project intends to launch a curated, carefully selected, and well-thought-out small art collection as their non-fungible tokens (NFTs) projects. Because a Chihuahua is a small dog, the art proposes to be small and one pixel small to be exact. Further, the Chihuahua is the main character of a fun and inventive series of animated stories where each tale is released as a collectible token. Moreover, the platform plans to develop Dogmarketcap to deliver real-time access to consolidated cryptocurrency market data. Dogmarketcap seeks to distinguish itself by listing mostly meme coins; nevertheless, it also plans to display data on popular currencies.

HUA is the native token of the platform. The HUA token is a Binance Smart Chain (BSC) network utility token. Binance Smart Chain is a parallel Smart Chain that runs smart contracts on the Binance exchange. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in protocols on a blockchain.  

Furthermore, the HUA token has a 10% redistribution, meaning every transaction on the market generates new HUA tokens for all holders. Further, the platform offers 5% tax redistribution, implying that 5% of any transaction using Chihuahua on the decentralized exchange (DEX) is shared among all token holders proportionately to the number of tokens they own. Chihuahua is a deflationary token wherein the protocol permanently locks 5% of each purchase or sale transaction in the liquidity pool. Therefore, with each transaction, the total collection of tokens available for purchase decreases, raising the value of tokens.   

A group of blockchain technology enthusiasts and the Chihuahua community developed the project. Marketers, programmers, and graphic designers make up the core crew of the project. The platform launched the HUA token in 2021 and an official project document on May 21, 2021. The developers created 100,000,000,000,000 HUA tokens at the genesis of this project.