(HOOT) Brand New Crypto Project Hoot! Mega Low Cap Gem?

[Music] Street open welcome to underground crypto we're back at it again taking a little bit of time off just because renovating the house takes a lot of time so I haven't been able to get many of these videos out but we're in a good place now I'm going to start getting back at it so this is a bit of a throwback some people were making some comments on the osmium video that we did um about some of these you know really low cap gems these highrisk you know High reward kind of plays but um this exchange we used to use all the time this XE G gex I call it a g jix XIX I don't know you say it however you want does it really matter not really so if you go to markets up here next to

the name markets and then you click new listings it'll literally show you all the things that are new listed why is this important because this is a platform where a lot of coins first get listed you know we know about our coin bases we know about our mexc globals and you know coin coinex and all these different exchanges that exist but there are some smaller exchanges and this is probably the the smallest exchange I've ever found um where things get listed before they get any traction anywhere else so it can be a good place to keep an eye out but you have to do your research because this is the same place that a lot of rug Poes or even coins that just don't make it new startups new projects you want to think of these as like somebody

making a new company and they're trying to do something are they going to make it are they not going to make it same as the stock world how many of those new startup companies make it all the way to the stock market a lot of them fail long before they ever get to the stock market anyways with that being said we're going to be looking at hoot chain it says it has about 167,000 in market cap obviously with such a low market cap that's going to change a lot of people won't even look at something under a million doll market cap so keep that in mind and I'm not a financial advisor nothing I say or do should be taken as Financial advice now let's go ahead and hop over to their website starting at the beginning and it

says unlocking your defi Journey with who chain experience the future of defi along with hybrid p/p model so they're combining proof of work proof of stake model is what they're claiming fostering decentralized governance through Dow empowering Innovation where privacy is Paramount and security is uncompromised these are the type of claims I would expect to hear but you don't want to take them at face value remember that and it's tiny project hoot chain um you know is I guess another blockchain where do they fit in are they trying to solve something specific as we always say narrative narrative narrative is there a niche that they're trying to solve where they fit into the ecosystems of the you know world of blockchain and all the different chains you know think of your Avalanche think of your salana they all have a

purpose and they fit for a reason this is a small competitor where they going to fit this is how you have to think in my opinion this is how I think when I'm thinking about where to put my money and what to make investments on so it says unique advantages fast transactions low fees hybrid you know model combining the proof of work and the proof of stake it says it's an advanced model hopefully they're going to give us more information about that because I haven't really heard anybody most are one or the other I haven't heard a lot of people doing a combined model privacy Centric approach and decentralized governance so on the low fees it says experience Lightning Fast transactions and reduce fees compared to traditional currencies optimizing payment efficiency and maximizing returns all that sounds good can

they deliver unmatched performance and reliability powered by Computing nodes for lightning fast transactions fortified defense against double spended tax if you know what that is and then your privacy is our priority with robust encryption and decentralized infrastructure rest assured that your personal information is safeguarded and decentralized governance explore are pioneering decentralized autonomous organization driving transparent community-led governance for robust ecosystem what a word salad that was all right who is the ticker h t there's their symbol and let's see if we can get into some you know real meat of what the heck this is cuz so far very vague and not giving me a lot of information that I would like so future of innovation step into the Limitless future of cryptocurrencies where Innovation know no bounds our platform leads the Way revolutionizing digital asset engagement with pioneering advancement

and groundbreaking technology launch of staking platform powerful mining Solutions and a hybrid CeX exchange that's a centralized exchange de decentralized exchange you're going to want to know those kind of terms if you're poking around out here in the crypto world in the blockchain world defi world is what I should call it really hoot chain mission so let's find out a little more about them we are committed to reshaping the defi sector overall yeah sorry I thought I read it wrong let's start over we are committed to reshaping the defi sector and overall digital asset domain by delivering an ecosystem that is secure transparent accessible to all our mission is to empower individuals to take charge of their financial Destinies leveraging and transformative capabilities of block blockchain technology to uh democratize access to the digital economy and promote Financial inclusion

worldwide another word salad so I don't know that that really told us anything but it's the same thing everybody says so I that doesn't really provide any value to me as far as what where they're going to fit so leading the way the future of blockchain um join us at hoot chain at as we lead the evolution of defi with our ecosystem Guided by commitment of transparency and exclusivity through Dow together let's make Financial ecosystems where every individual can Thrive so we made it to the bottom of our initial website here hoot chain tokenomics so we're looking at their tokenomics here it says maximum Supply 9.5 9.95 million hoot quarterly reward deduction is 6.25% initial block reward is five hoot block frequency every 60 seconds Master node collateral 300 hoot so there's some information on that block rewards will

be divided as followed miners variable variable so not actually giving us a real percentage development fee is 5% and a super block reward is 2.5% and then it gets into some more techy stuff you might want to know if you're a Miner kind of hesitate on it for a minute if you want to pause the screen and read that feel free we're not doing any mining here on the channel so we're not going to go over that all right let's hop over to their Twitter and do our usual smell test if you're familiar with my videos that's what we do on twitters we're looking to see how much engagement how many followers when was you know this Twitter founded when was it made all of those good things all right so this is the verified hoot or at least

a verified account you know with the check mark unlock your defi Journey with who and they have about 861 followers let's look at their post the pin post got 21,000 Impressions not bad with the amount of followers they have it says April 2024 so they haven't been around all that long see what their pin post is so after months of hard work and anticipation we're thrilled to announce node Forest is finally launching tomorrow uh this was on August 11th that was put out get ready to explore a new world of shared nodes endless possibilities and exciting opportunities all right so what we want to see here is this was posted 6 hours ago a trading competition 15 hours ago they posted this uh hoot chain now hash rate then 15 hours ago they posted so what I'm looking for

is the frequency at which they are posting and then 15 hours ago they posted this is from August 20th August 21st so going right along here they look like they're posting at least every day which is what we want to see and they only have 65 posts though so they haven't got a lot of post and they haven't got a ton of traction so this is early early early stuff and when you're in on something this early you are rather going to it's going one or two ways you're rather going to lose most of your investment or you're going to significantly increase most of your investment in my opinion that's not Financial advice that's my opinion um and there's not a lot of in between so don't play with more money than you're willing to lose in a project

like this what I would most likely do if I was going to invest is I'd put like $100 in it and then maybe later on and I keep an eye on it you know put a $100 and I keep an eye on it if I see it start getting listed on Mexi Global I see it start getting listed in other places that are important well I'll come back and check out their Twitter again and I'll see if they have any new uh you know advancements how's the blockchain going how many working products do they actually have out that they've been promising all those kind of different things and then I might put a little more money as they begin to build I really would keep an eye on the market cap and this goes for any project you know

it has $167,000 in market cap that's not a lot that is not a lot compared to a lot of projects so if in three months I come back and they have a million dollars of market cap well that tells me that they're doing something right people are investing they're at least marketing well and these are all things that we have to think about so there's not a lot of meat here in their Twitter because you know they don't have a lot of followers and they're not been on Twitter for very long and this is a new project so there's not a lot to talk about so I'm going to skip right to my what I call it gut rating one through 10 kind of gut feeling about a project like this I'm going to have to give it like

a four that's just my honesty but take that with a grain of salt and keep in mind it's a new project so it doesn't have a lot to show for itself to give me an over you know a bunch of confidence to say that I think this Project's going to do well I don't have that confidence if I was going to speculate on this I'd put a tiny amount of money whatever is a tiny amount of money to you to me 100 bucks is no big deal and I'd see where that went and if I saw it grow in track I saw it getting a lot more exposure the marketing was good maybe I put some more follow me at uh underground crypto and that's atcore ground crypto because underground crypto was taken and crypto Ron is the profile

so you know you're in the right place and I'll repost anything you see we went ahead and followed them I'll repost anything promising that they put out so just take a second to explain like this is how a lot of projects that are high-risk Hy reward are going to go they don't have a lot going for them you're really taking them at what they're saying and if you are investing you're investing not more money than you can afford to lose because this could be a rug pull but what is the reward for catching an early project 100x potentially even a,x they're hard to hit they not going to hit them when they hit coinbase and you invest in it it's not going to get you a THX 99.9% of the time and those are just numbers that I made

up but that's what it feels like for sure how many people have you know 100x or 1,000x a project on coinbase that they bought on coinbase by the time it makes it there they have a ton of exposure they there's a reason why coinbase is accepting them on their platform is basically what I'm trying to say so I hope that gives some insight I hope that gets your you know the gears running when you're thinking about these projects and what to invest in I personally would say 1% or less of your entire portfolio should be in highrisk plays like this maybe 2% if you're a very risky person but if you look over your portfolio and you see 10% 15% of your money is in a lot of these high-risk plays I can't say that it it won't work

out for you but I can say there's a high high uh High likelihood that you could lose a majority of that that 15% so keep that in mind guys thanks for watching a slightly Rusty I I can feel it a little bit I haven't made a video in like 2 weeks it's unlike me so we're going to be getting back to doing these all the time hang in there crypto run out