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Balanced token spread
Up to 25% of the total supply of $HUGS will be sold during the token sale, and a minimum of 25% of the total supply is reserved for the Hugs Limited operations and its team.
45% of the $HUGS supply will be reserved to bootstrap the Curator ecosystem, of which a large part will be poured into the elastic reward pool.
The initial number of tokens sold to early investors. The proceeds of this token sale will be used by the Hugs team to cover design, market research, R&D of the Platform, team growth, and operational costs.
These tokens are reserved to cover additional costs for the development of our platform and proof of concepts.
Various partnerships will be established. Some partnerships require an investment in time and material. A number of tokens have been reserved to cover this.
As is common practice in crypto and blockchain projects, Hugs will build a community of supporters. This includes affiliates, contributors, testers, etc. Valuable contributions can be rewarded with tokens.
Preceding the launch of the $HUGS token, a number of enthusiasts and advisors have voluntarily contributed to the project. They will be rewarded with tokens for their time, expertise, and effort.
Listing a token on an exchange requires a number of tokens to be provided for market-making purposes, to ensure that buy and sell orders can take place with the smallest possible delay.
The goal is to provide funding for community initiatives focussing on community-driven solutions willing to build on top of Curator and to use $HUGS in our Elastic Reward Pool.