The DAO-based protocol has taken an aggressive building approach during a time of market instability, hoping to build the groundwork for a successful future.
The Summer of Events
Hugo Finance, the DAO-based and community-driven protocol, recently released a series of updates, including its summer events as earlier scheduled at the start of the project. This time, they have made some important development progress detailed in the subsequent part of this updated review.
What is Hugo Finance?
Hugo Finance is a community-driven project that uses RFI and deflationary mechanics to reward holders, as earlier reviewed. The platform also incorporates in its feature an NFT minting, auction, and marketplace that is driven by a community-first approach.
In its ecosystem, all decisions are decided by the governance protocol through its DAO system. Holders are given the first place value to make important protocol decisions.
Key Features of Hugo
Its key features remain:
Decentralized Autonomous Organization (DAO)
RFI and Deflationary mechanics
Non Fungible Tokens
DeFi Index Funds
New Partnership Alert
The Hugo Finance team has also announced a new Partnership with eFuse to introduce Hugo to millions of potential users.
eFuse is well-known in the gaming community as a platform with a variety of features that are gaming-related. The team has a knack for gathering relevant stakeholders in the gaming industry, including streamers and game influencers. From indications, there will be multiple events as the date draws near for both their DAO and NFT launch. Thirty-two streamers/influencers are going to partake in this event, giving extended exposure to the platform. Hugo Finance is extremely excited about this partnership as it will grant them exposure to a large audience that is well-versed in technology, ranging from gamers to game developers and programmers. This audience is highly likely to see the value of crypto projects, and Hugo stands to gain enormous growth from this exciting partnership. The team has already made contributions to the gaming community, and seems to be fully invested in building a rapport between themselves and gamers.
More details about the partnership will be revealed as the project progresses.
Hugo Finance Project Updates
Launch of the NFT and DAO Platform:
Hugo Finance is set to launch its NFT minting, auction, marketplace, and DAO platform this June. First off, the DAO system will be released with a big bang as the team has announced a gaming tournament event that opens up Hugo to millions of viewers and gamers- more details will be given in this review.
In a recent development from an announcement shared on its Twitter handle, the team has released the sneak peek preview of the DAO system. The dev team has been working hard to develop the DAO Platform. The sneak peeks of the DAO were released with a disclaimer as the copy is a placeholder. Users should expect the full launch of the Hugo Finance DAO system in the next month.
New CEX Listing
BitMart Exchange, a top-tier exchange that boasts an incredibly high user base and volume, has recently confirmed the listing of the $HUGO token followed by the listing celebratory program announcement.
The team is giving away $28,800 HUGO in the Buy & Earn and Trading Competition event to celebrate the listing! The debut listing will be on the third of June 2021. The trading giveaway competition will be tiered in two ways:
I. Buy & Earn – $8,800 HUGO Giveaway!
The first 440 users who buy HUGO greater than or equal to 200 USDT of HUGO will be eligible to receive $20 HUGO each.
II. Trading Competition – $20,000 HUGO Giveaway!
Users will be ranked in terms of the total trading volume (buy+sell) of HUGO. The team will reward the top 50 users with the highest trading volume with corresponding rewards.
1st: 14% of the total prizes
2nd: 9% of the total prizes
3rd: 6% of the total prizes
4th-10th: split 21% of the total prizes (3% each)
11th-20th: split 20% of the total prizes (2% each)
21st-50th: split 30% of the total rewards (1% each)
Further details of the reward program and the terms and conditions of the program can be found on BitMart’s support page..
Source : bsc.news
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