Hippogriff Token was created as an alternative and improvement to the community run coins that have came before.
Many DeFi coins have launched in 2021 and have seen great success, this inspiration led to the creation of Hippogriff Token. We believe a cryptocurrency does not need funding from traditional finance, growth and development can arise from the community itself.
Hippogriff Token combines tokenomics and contract functions similar to other coins that have exploded. Every transaction made with Hippogriff Token, 5% of every transaction is distributed to holders for passive rewards on holders depending on how many tokens they are holding.
This token redistribution also gets sent to the burn address which started with over 30% of the token supply, creating a “black hole” deflationary aspect to the token.
On top of that, another 4% of transaction volume is added to the liquidity pool (LP) to help create a more stable price floor over time as the project expands.
Hippogriff Token holders receive a share of 5% fees applied to every transaction. Essentially taxing swing traders, while rewarding holding.