Love Hate Inu has launched the presale for its native LHINU token today, with the exciting new polling platform aiming to raise just over $10 million within the next couple of months.
Running on the Ethereum blockchain, Love Hate Inu will provide users with the ability to earn rewards for voting on hot topics when it launches later in the year.
Given just how successful certain presales were last year, there's every chance that participating early in the Love Hate Inu sale could end up being profitable for investors. Because with a viral meme-focused design and some genuine utility, the new platform could end up becoming very popular indeed.
The concept behind Love Hate Inu is refreshingly simple: token-based rewards for voting on a regular stream of relevant and timely issues.
As written in the project's whitepaper, "Our platform provides a unique opportunity for you to engage with important issues and promote healthy discussion, all while contributing to the next meme sensations and earning valuable tokens."
On a cultural level, Love Hate Inu taps into the growing popularity of Elon Musk-style Twitter polls, in which the Tesla CEO has asked his followers various questions in order to help him make decisions (e.g. whether he should step down as CEO of Twitter).
Given that such polls can often draw upon a large number of participants, the team behind Love Hate Inu has clearly recognized an opportunity to harness the popularity and enter the global online survey market.
According to the Business Research Company, this market is expected to grow to $5.69 billion by 2027 at a CAGR of 15.5%.
This represents a huge opportunity for a platform that can incentivize wider participation in its polls and surveys, with Love Hate Inu's team
Read more on cryptonews.com