Hosky (HOSKY) is a self-proclaimed "low-quality shit coin meme token" that operates exclusively on the Cardano ecosystem. The token's creators have explicitly stated that the project brings "absolutely nothing other than low-quality memes, no financial value, no promises of mastiff gains, no mind-beagle-ing technology, just doggo memes". The token's whitepaper, whimsically named "Doggie Doo Doo", refrains from making any significant technical promises, instead focusing on its goal of creating "#memellionaires" through the power of memes​.

The primary purpose of HOSKY seems to be creating and distributing memes. The token itself does not have a clear utility beyond this. The project also uses a unique "Doggie Bowl Pull Rates" system where investors never know how many Hosky tokens they are going to get. The total number of HOSKY tokens an investor receives depends on these rates and a certain degree of luck.

The exact identities of the creators of HOSKY are not disclosed in the sources that were found. The creators are referred to as 'Founders' in the project's tokenomics, where it is stated that 10% of the circulating supply of the token has been allocated to them. The token's official website and whitepaper use a lot of humor and dog-related puns, indicative of a laid-back and whimsical approach to their project.