HUGO, A Defi Token on The Binance Smart Chain (BSC), Debut Listing on BitMart Exchange
BitMart, a premier global digital asset trading platform, will debut list Hugo Finance (HUGO) on June 3, 2021. For all BitMart users, the HUGO/USDT trading pair will be officially available for trading at 4:00 AM EDT. To celebrate the listing of HUGO, BitMart is giving away a total of $28,800 HUGO in Buy & Win, and Trading Competition Events!
What is 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.
1) The Round Table of Hugo
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.
2) The Hall of Fame
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.
3) Community Index: Hugo’s Space Station
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. Our elite holders review these suggestions and a selection of 30 coins continues into voting. Hugo holders can choose how many Hugos they want to stake in a certain coin and that amount will represent the percentage owned in the index. Roughly the top 15 votes will end up in the index and the ones that didn’t make it will automatically get their stake refunded.
4) Community Charities: Hugo’s helping hand
Hugo’s team holds a sum of Hugos specifically for charities. These Hugos will be donated to a charity suggested and voted on by the community at the Round Table. This way Hugo and his bosses can give back to communities and show their good will.
About BitMart
BitMart Exchange is a premier global digital assets trading platform with over 2 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 365+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.
About Hugo Finance
As a Defi Token on Binance Smart Chain, the Hugo Finance ecosystem allows Creators, Collectors, and Traders to engage with rare tokenized content on an ultra-fast and low-cost network. Hugo Finance is the next generation digital marketplace built with users and communities in mind. To learn more about Hugo Finance, please visit their website, follow their Twitter and join their Telegram.