🛠️Token Utilities
A multi-use token
$HUGS tokens are used for a wide range of utilities, each contributing to a unique mechanism that makes Curator secure and robust.
Early $HUGS utilities
Infrastructure fees
Elastic user rewards
Soulbound NFT creation
Mid-term $HUGS utilities
Low reputation unlocking
Secondary user rewards
Long-term $HUGS utilities
Contribution collateral
Review collateral
Curated contributions
$HUGS as Contribution/Review Collateral
Every Contributor/Reviewer can stake $HUGS as Contributions/Review Collateral.
This mechanism gives a direct economic incentive to the Contributor/Reviewer to provide high-quality data. When providing low-quality data, the staked $HUGS tokens will be slashed.
$HUGS for Curators
Curators choosing to stake tokens signal to the network that a contribution has a great potential of generating secondary rewards. The curator receives a share of such rewards if the contribution is successful.
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