Hugo Finance Overview
Hugo is a Defi Token on the Binance Smart Chain which will be used on a Decentralized Platform where holder’s votes matter to shape the future of the platform. Hugo is a super deflationary decentralized cryptocurrency meaning that the supply is in constant decay. Every time a transaction happens, 2% of that transaction is taken out. 1% is burned and 1% is distributed to all Hugo Holders. This increases the scarcity of Hugo with every transaction. Hugo will be used as a governance token for a DAO(Decentralized Autonomous Organization) ran by the community.
TOKEN INFO
Token Name: HUGO
Total supply: 2 Billion
Circulating supply: 700M
Redistribution: 1%
Burned: 1%
Hugo smart contract has been audited by Qillhash Auditing Firm.
Hugo holders will have access to the Round Table, a platform for holders to vote and make suggestions. To include some structure, suggestions will be categorized, such as development, marketing, charities, etc. Suggestions will then go through community voting where all Hugo holders have a say in the future of the suggestion. Once the majority of the community approves a suggested idea, Hugo will get to work and execute the community’s request.
Hugo’s Hall of Fame offers a similar mechanism as the round table, but with NFT’s. All Hugo holders can submit NFT’s, which will be pre-approved by the Elite (top 500 holders). The approved NFT’s will be polled and the top 5 will get minted. It is up to the winners to decide whether they want to put them in an auction or keep them. However, Hugo offers a special auction and trading platform for the community’s NFT’s.
Hugo’s Space Station will be the index fund chosen by the community. This means that Hugo’s holders choose all tokens from our index. Although the voting will take place at the Round Table of Hugo, there is a slight difference compared to the traditional voting methods. It starts with suggestions from the community regarding their favorite coins.
ROADMAP:
QTR 2
Pancakeswap listing
CMC, Coingecko
and Blockfolio listing
Community incentives
DAO Platform
NFT Platform
Smart contract audit
CEX Listing
Community charity
voting system
QTR 3
Index
Hugo Games
NFT Collabs
More CEX Listings
Community incentives
QTR 4
Community Suggestions
More coming soon
The future of the platform is in the hands of the holders and bosses, giving them the right to vote for all things technical, financial, creative, goodwill, etc. The Hugo governance token is incredibly powerful because it allows people to control the operation of the Decentralized Financial Protocol. A token that can be traded, swapped, exchanged AND gives a seat at the table of decision-making.
$HUGO token can be purchase on Pancakeswap!
ABOUT HUGO Finance
Hugo is a Defi Token on the Binance Smart Chain which will be used on a Decentralized Platform where holder’s votes matter to shape the future of the platform.
