Overview
- A new Oct. 21 report says the $HUGS whitelist is close to full after a low-key signup push rather than paid influencer campaigns.
- The presale uses a 40-stage structure with rising prices and burns of any unsold tokens, positioning scarcity as a core design choice.
- $HUGS features a fixed 50% APY staking option with auto-compounding, with rewards described as calculated in real time and claimable anytime.
- Utility spans burn-to-upgrade NFTs, token-enabled merchandise purchases, and community voting through the HugVotes DAO where staked holdings boost influence.
- Coverage emphasizes on-chain visibility for weekly rewards and burns and notes a smart contract audit was submitted to a third party, though the auditor is not named in the articles.