Milk Mocha’s $HUGS Presale Pitches Token Loop Economy With DAO-Led Charity

Overview

• The presale for $HUGS is live, with articles describing strong early participation tied to the Milk & Mocha brand.
• The project outlines a bidirectional token loop that splits spent tokens into player rewards, a burn mechanism, and an Ecosystem Treasury.
• The presale is presented as a 40‑stage, weekly‑priced sale that burns any unsold tokens at each stage and features leaderboards for top buyers.
• Governance is framed around HugVotes, where voting power is tied to staked $HUGS and the DAO oversees distributions from a Charity Pool.
• The team promotes utilities spanning NFTs, gaming, merchandise, and a flexible staking product marketed at a fixed 50% APY, with these claims originating from project materials rather than independent verification.