The Original DeFi Meme Token has joined forces to the DeFi Angels in order to give their project a voice at Capitol Hill during the regulatory conversation. It is no secret that American-based blockchain crypto companies are opposing the D.C. infrastructure bill. This bill could bring about major changes in DeFi’s world over the next few years.
An ERC20 token that is available on the Ethereum blockchain. It has a 2% tax for every transfer. The tax is split between current holders and the part that is burnt forever, making it a deflationary cryptocurrency asset. Hoge was an open-source launch project. Everyone could participate from day one. Even developers can use Hoge. The project is completely decentralized and is one of few token projects that doesn’t have a developer wallet. This means that they can create their own revenue streams to support their project. Hoge’s early success was due to his focus on brand building, improving their Decentralized Fin (DeFi) technology, and running charitable events. But, the most important thing is creating a welcoming community environment.
Has found a strategic partner to fight the DeFi regulatory battle and ensure that their blockchain-infused voice is heard at the House. The DeFi Angels are an investment group in the Decentralized Fin sector. Their member-based platform is focused on education, fair launches and community vetted deal flow. Their core values include transparency and ethics. They act as an advanced filter for investors seeking to invest in early-stage DeFi projects. The DeFi Angel’s created a safe space for women investors to thrive in a male-dominated field by valuing women empowerment. The DeFi Angels provide an opportunity for both new and established entrepreneurs to present their ideas in an open environment where they can be answered technical and business model questions.
These two communities will travel together to Congress to meet with legislators and other regulatory professionals to promote fair and balanced regulation. J.P. Deese & Associates, LLC will be accompanying them. They will act as the official lobbyist and political voice for a project with over sixty-five thousand (65,000), investors. J.P. Deese commented recently, “This is an excellent opportunity for crypto and spaces to get together, flesh out its own language and aggressively advocate for these proposed changes at the federal level.” The moment is now, and the moment is ours.
Coinbase, a popular American crypto exchange, was recently under fire by the SEC for their new crypto lending product. It’s due to go on the market in Q4 of this year. The official Twitter account of Coinbase released this statement last week: “After months of trying to communicate with the SEC about our proposed Coinbase Lend product. We recently received notice from it that it intends pursue legal action against me.” Even though the SEC might not, we believe that dialogue is the key to good regulation.
It will be interesting watching how the next few days unfold leading to the Bill being passed through the House. But one thing is certain, and that The DeFi Angels will have representatives on the ground to make sure their projects and the DeFi ecosystem are heard.