MiL.k (MLK) coin issuance price

The MiL.k (MLK) token was issued at $0.0015 per token on May 23, 2022, with an initial market capitalization of $60,000,000.

Dec 22, 2024 at 04:21 am

MiL.k (MLK) Coin Issuance Price

Key Points:

MLK is a BEP-20 token on the Binance Smart Chain (BSC).
It is issued by MiL.k Protocol, a decentralized lending and borrowing platform.
The MLK token serves as a utility token within the Milkomeda ecosystem.

Issuance Price and Details

The MLK token had an issuance price of $0.0015 per token on May 23, 2022.
The initial token distribution comprised a total supply of 4,000,000,000 MLK tokens.
19% of the tokens (760,000,000 MLK) were allocated for liquidity mining.
20% of the tokens (800,000,000 MLK) were reserved for the ecosystem treasury.
15% of the tokens (600,000,000 MLK) were sold in a public sale.
The remaining 46% of the tokens (1,840,000,000 MLK) were held by the development team.

Tokenomics and Value

The MLK token has a maximum supply of 4,000,000,000 tokens.
It is a utility token used for various purposes within the Milkomeda ecosystem:
- Used for collateral in lending on the MiL.k Protocol.
- Rewarded to liquidity providers for contributing to the liquidity pools.
- Used to pay transaction fees on the MiL.k Protocol.
The token's value is driven by its utility within the ecosystem and the overall growth and adoption of MiL.k Protocol.

FAQs on MLK Issuance Price

Q: What was the initial market capitalization of MLK?
A: The initial market capitalization was $60,000,000, calculated by multiplying the issuance price by the initial supply.

Q: How is the MLK token distributed?
A: The token is distributed across various stakeholders, including liquidity miners, the ecosystem treasury, public sale participants, and the development team.

Q: Why was the MLK token created?
A: The MLK token was created to incentivize participation on the MiL.k Protocol, including lending, borrowing, and liquidity provision.

Q: What factors could affect the future price of MLK?
A: Factors that could impact the price of MLK include the adoption and growth of the MiL.k Protocol, market demand for MLK tokens, the overall cryptocurrency market conditions, and regulatory developments.

Q: Where can I buy MLK tokens?
A: MLK tokens can be purchased on decentralized exchanges (DEXs) such as PancakeSwap and ShibaSwap, which support BEP-20 tokens.

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