HOURGLASS ($WAIT) is a decentralized, community-driven, and tax-free token that was stealth launched on August 19th, 2022. Led by the Hourglass $WAIT community members, the Hourglass Collective aims to elevate the web3 space and drive adoption of real-world blockchain utility. This article delves into some details about the HOURGLASS ($WAIT) token.

Purpose and Use-case: The Hourglass Collective was created with a mission to bridge the crypto space with mainstream entertainment, popular apps, major retail brands, and large-scale events. To achieve this, the collective incubates projects that utilize the $WAIT utility token, nurturing some of the best web3 projects globally. One of the notable projects is “The Next Crypto Gem,” a competitive reality show that brings the fast-paced world of cryptocurrency to a mainstream television audience for the first time. Spearheaded by experienced producers, the show features a unique format that combines the drama of “Shark Tank” with the competitive spirit of “The Voice” and the business acumen of “The Apprentice.”

The $WAIT token operates on the Ethereum blockchain with the contract address 0x2559813bbb508c4c79e9ccce4703bcb1f149edd7. The team behind the token emphasizes decentralization and community-driven initiatives, as evidenced by the renounced ownership of the contract.

The original total supply of $WAIT was 100 million tokens. However, over 2 million tokens have been burned by the community, reducing the current circulating supply to 97.96 million. It’s worth noting that there are no team tokens, developer tokens, angel round tokens, or pre-ICO tokens, ensuring a fair distribution of the token supply. With a renounced contract ownership and a doxxed development team, HOURGLASS ($WAIT) aims to ensure transparency and compliance within its operations.

Market Performance: As of the article’s writing, the fully diluted market cap of $WAIT stands at $21,996,242 with a price per token of $0.22. The all-time high price recorded three months ago was $0.486, indicating a recent decline of 54.76%.

Use and Adoption

The HOURGLASS ($WAIT) token is at the heart of two prominent projects. “The Next Crypto Gem” is set to air on Insight TV, a global network with 178 platforms in 55 countries. The show’s unique format aims to captivate both crypto enthusiasts and mainstream audiences alike. Additionally, “Alpha District,” a blockchain-based trans media narrative platform and stealth RPG ecosystem, will utilize $WAIT as its in-game currency. The team behind Alpha District boasts an impressive track record, having worked on renowned projects like Star Wars: Eclipse, Detroit Becomes Human, Assassin’s Creed Valhalla, The Mandalorian, Black Panther, The Avengers, and Clash of Clans.

The HOURGLASS community is actively involved in the development and growth of the token. Notably, there are confirmed partnerships with various platforms, including Samsung TV Plus, LG, Rakuten, Pluto, Amazon Prime, Amazon Freevee, DirectTV, FuboTV, Sinclair TV, Verizon Media, Sling Comcast, and Cox, all contributing to the token’s exposure and potential adoption.

Potential Risks

While HOURGLASS ($WAIT) showcases strong potential with its partnerships and projects, as with any investment or token, there are inherent risks associated with market volatility, regulatory changes, and project execution.

Conclusion

HOURGLASS ($WAIT) stands as a promising, community-driven token that seeks to bridge the gap between web3 and mainstream entertainment. With a compelling lineup of projects and partnerships, the token aims to carve a niche in the crypto space while driving real-world blockchain utility. However, as with any investment, investors should exercise caution and conduct thorough research before participating in the HOURGLASS ecosystem. The Hourglass Collective continues to be a beacon of innovation, striving to foster growth and adoption in the rapidly evolving blockchain landscape.

Disclaimer: The information provided in this article about HOURGLASS ($WAIT) and its associated projects is for informational purposes only. It does not constitute financial advice, investment advice, or any recommendation to buy, sell, or hold any cryptocurrency or token. The content presented here is based on available data and research up to the publication date and is subject to change. Readers are encouraged to conduct their own research and due diligence before making any investment decisions. Investing in cryptocurrencies involves inherent risks, including market volatility and regulatory changes. The author and publisher of this article are not liable for any losses or damages incurred from the use of this information. Please seek the advice of a qualified financial advisor before making any investment decisions