Hourglass

The Hourglass (WAIT) cryptocurrency token operates on the Binance Smart Chain platform. It is known for its unique feature, which allows holders to earn a passive income by redistributing 2% of every transaction fee among token holders. The token has a market capitalization of around $5.17 million and a current supply of approximately 97.75 million tokens.

Hourglass is a decentralized community built around principles such as self-reliance, creativity, camaraderie, and patience. The developer encourages the community to take responsibility for the project's success, often referred to as "holding the hourglass." This community-driven approach sets it apart from other cryptocurrencies.

Historical data for Hourglass is available, allowing users to track its price history from its starting point to the most recent data. This data can be useful for analyzing market trends and making predictions about the token's future performance.

The token has seen significant price fluctuations, with an all-time high of $0.486 on April 25, 2023, and an all-time low of $0.02151 on November 10, 2022. As of now, the token is trading at around $0.05284, with a 24-hour trading volume of $3,567.

Despite the volatility, the Hourglass community remains active, with a strong focus on building and organizing for the project's success. The token's unique features and community-driven approach have garnered attention, making it a notable player in the cryptocurrency market.

Hourglass (WAIT) is a decentralized cryptocurrency that operates on a peer-to-peer network, allowing users to transact directly with one another without the need for intermediaries. It is built on blockchain technology, which ensures transparency and immutability through a consensus mechanism that validates transactions and secures the network. One of its unique features is the Hourglass token, designed to incentivize users to hold onto their tokens for longer periods. The longer they hold, the more tokens they earn through a deflationary mechanism, encouraging long-term investment and stability within the ecosystem. This token can be used for various purposes, including payments, remittances, and smart contracts, making it a versatile and efficient tool for individuals and businesses across different industries.

The token Hourglass (WAIT) has several strengths that contribute to its potential for growth and adoption:

1. Established Team: The Hourglass Collective is led by a team of influential businessmen and entrepreneurs, including billionaire Jeff Mahony, who has a strong background in fintech and significant international banking relationships. The team also includes well-known professionals with a large social media following, which can help promote the project and attract new users.

2. Partnerships and Incubation: The Hourglass Collective has partnered with NEFT Brands, a global conglomerate with a diverse portfolio of brands, TV productions, live entertainment, and media companies. This partnership can help integrate blockchain technology with mainstream industries, fostering real-world adoption.

3. Web3 Incubator: The Hourglass Collective acts as a Web3 incubator, supporting projects that bridge the gap between the crypto space and mainstream entertainment, retail, and events. This incubation model can help accelerate the development of innovative blockchain applications.

4. Mainstream Exposure: The Hourglass Collective is producing a reality TV show, "The Next Crypto Gem," which aims to bring cryptocurrency to a mainstream television audience. This show can help increase awareness and interest in crypto culture, potentially driving adoption.

5. Tokenomics: The Hourglass token has a maximum supply of 100 million WAIT, which can contribute to its potential for growth and scarcity.

6. Passive Income: The token allows holders to earn a passive income by redistributing 2% of every transaction fee among token holders, incentivizing users to hold and participate in the ecosystem.

These strengths position the Hourglass token as a promising project with a focus on real-world adoption and mainstream exposure.

Hourglass (WAIT) carries several financial risks. One significant risk is its high volatility, which can lead to significant price fluctuations. This volatility is reflected in its high risk rating from InvestorsObserver, which is based on the token's price movement and volume changes over a short period. Additionally, the token's market capitalization is relatively low, which can make it more susceptible to market fluctuations and potential price drops.

Another risk is the uncertainty surrounding its long-term price predictions. While some predictions suggest the token's price could increase significantly in the future, these predictions are based on various factors, including market trends and regulatory developments, which can be unpredictable. Furthermore, the token's passive income mechanism, where 2% of every transaction is redistributed among token holders, may not provide a stable source of income, as it is dependent on the token's trading volume and price.

Investing in Hourglass (WAIT) should be approached with caution, and potential investors should thoroughly understand the risks involved before making a decision.

• Billionaire Jeff Mahony: Chairman of the Hourglass Foundation and a pioneer in the Fintech space, maintaining several international banking relationships and holding multiple patents. He is also a private investor and advisor for various companies across different industries.
• Jett Tang: President of the Hourglass Foundation and Executive Producer of the reality TV show "The Next Crypto Gem," which aims to bring blockchain technology to a wider audience.
• Brian D. Evans: A member of the Hourglass team and a cast member of "The Next Crypto Gem" TV series, contributing to the project's mission to increase crypto adoption through entertainment and mainstream integration.
• George Tung: A team member and cast member of "The Next Crypto Gem," helping to bridge the gap between the crypto space and mainstream entertainment.
• Layah Heilpern: A team member and cast member of "The Next Crypto Gem," contributing to the project's goal of increasing crypto adoption through entertainment and mainstream integration.
• Ro Sahebi: A member of the Hourglass team, working alongside Jeff Mahony and other influential business professionals to bring crypto to the masses.
• Enrique Velez: A team member, part of the collective effort to elevate Web3 adoption through incubation, strategic advisory, and relationship-building.
• Ivo Ten Broek: A member of the Hourglass team, supporting the mission to grow real-world blockchain utility through incubation and mainstream partnerships.