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Milk & Mocha’s $HUGS Leans Into ‘Safety’ Narrative as New Coverage Touts Audit and On‑Chain Transparency

The project is framed as a lower‑risk meme token based on transparency claims rather than pure speculation.

Overview

  • Blockonomi reports the team completed an independent third‑party smart contract audit covering staking, referral rewards, burn mechanics, and DAO voting, with findings described as secure and gas‑optimized.
  • Both new articles highlight the ecosystem’s stated utilities, including a fixed 50% APY staking program, NFTs that upgrade via token burns, token‑based merchandise purchases, DAO voting, and a deflationary design with weekly burns.
  • Coindoo details a whitelist‑based, staged presale with weekly leaderboards and prizes up to $35,000, a 10% referral bonus for buyers and referrers, and on‑chain execution of transactions and burn events; the outlet discloses the piece is sponsored.
  • Coverage continues to cite the project’s claimed 20 million‑plus fanbase and positions $HUGS as a potential breakout, echoing earlier characterization as a possible “100x” meme coin.
  • The tone across pieces is promotional, with Coindoo urging readers to conduct independent research and verification despite the project’s transparency messaging.