The Milk Mocha project, built around the globally recognized cartoon characters, is conducting a presale for its $HUGS token, which has raised $227,000 and is currently in Stage 6 of a planned 40-stage sale. The presale price started at $0.0002 and has increased to $0.0004023 by Stage 6, with a final target price of $0.04658496. This structure creates significant urgency, as a $100 purchase in Stage 1 would yield 500,000 tokens, valued at over $23,000 at the final stage price.
The project's whitelist is nearing full capacity, adding to the buying pressure. The presale mechanics include weekly leaderboards rewarding top buyers and permanent burns of unsold tokens after each stage to reduce supply. The project aims to convert the existing emotional connection millions have with the Milk and Mocha brand into a functional digital ecosystem.
Utility is centered around a gaming metaverse, where every transaction using $HUGS is redistributed: a portion goes to player rewards, another is burned to limit supply, and the remainder supports an Ecosystem Treasury for future development and events. The token is also required to purchase exclusive NFT collections, and holders can burn tokens to upgrade NFT rarity.
The ecosystem includes a staking system offering a 50% APY calculated in real-time with no lock-up periods or withdrawal penalties. Staked tokens also grant governance power through the HugVotes DAO, allowing the community to guide marketing, NFT themes, and charitable initiatives funded by a Charity Pool. Furthermore, $HUGS can be used in a merchandise store to purchase physical plushies, clothing, and collectibles, with some items linked to authenticating NFTs.
