An enthusiastic Hungarian team did the Hungarian Vizsla Inu Token (HVIT). Investors in the cryptocurrency of the Hungarian Vizsla Inu can support the operation of many animal shelters in difficult situations with their transactions.
The HVIT is the first Hungarian cryptocurrency, and it is the first cryptocurrency to donate. During its founding, the inventors of HVIT allocated 10% of the total supply of the currency to help shelters in need.
To stimulate the move of cryptocurrency, HVIT is already accepted as a means of payment in the founders’ computer business but is still being negotiated with construction companies. The main goal is to become a used currency in pet stores as well.
All the previously expected records were broken by the HVIT in fifty days. Its exchange rate has risen by more than 1,000,000 percent in a few weeks. The cryptocurrency created by four young Hungarians was used by 1,200 people in June, and on the 13th of July the size of the ownership group already exceeded 13,000.
Holders buy an average of 300 million forints a day from the HVIT, which started on the 25th of May.
There has been significant international interest in HVIT from the start. So far, holders have bought cryptocurrencies from 50 countries. For example, on the Telegram site, an English-speaking group of more than 5,000 people has already been formed and evaluates the most important news among themselves. There is something to talk about, as on the 8th of July, the world’s largest digital money platform Coinmarketcap.com listed the HVIT. After that, the turnover of Hungarian cryptocurrency tripled, the value of the largest purchase exceeded 50,000 dollars.
“Our goal is to reach 100,000 holders by October,”added Péter Gülsen, one of the founders.
When the marketcap of the Hungarian digital money reaches 500 million dollars, it means that 1 billion forints will be allocated to improve the conditions of Hungarian dogs. There has never been an example of such a large donation before.
According to the plans, by 2022, it will be possible to pay in more than 1000 places in addition to the forint with the “vizsla”.