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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

  1. 1.
    Infrastructure fees
  2. 2.
    Elastic user rewards
  3. 3.
    Soulbound NFT creation

Mid-term $HUGS utilities

  1. 1.
    Low reputation unlocking
  2. 2.
    Secondary user rewards

Long-term $HUGS utilities

  1. 1.
    Contribution collateral
  2. 2.
    Review collateral
  3. 3.
    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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Last modified 6mo ago