What percentage of MiL.k (MLK) coins is held by the development team?

The strategic distribution of MLK tokens, with 80% allocated to the community and ecosystem development, ensures balanced growth and community involvement within the Mil.k Ecosystem.

Dec 18, 2024 at 11:33 pm

Key Points:

• Overview of MiL.k (MLK) and its Tokenomics
• Unlocking Schedule and Distribution of MLK Coins
• Token Allocation and Holdings by Key Stakeholders

Article Content:

1. Overview of MiL.k (MLK) and its Tokenomics

MiL.k (MLK) is a cryptocurrency designed to power the Mil.k Ecosystem, a suite of decentralized applications focused on Defi, gaming, and social networking. The MLK token serves as the native currency within the ecosystem, facilitating transactions, governance, and reward distribution.

The MLK token has a fixed maximum supply of 1 billion tokens. The tokenomics model incorporates a carefully calibrated unlocking schedule and strategic token allocation to ensure a balanced distribution among key stakeholders and long-term sustainability of the ecosystem.

2. Unlocking Schedule and Distribution of MLK Coins

A significant portion of the MLK token supply, approximately 80%, is allocated to the community and ecosystem development. This allocation is distributed through various channels, including token sales, liquidity mining, staking rewards, and airdrops.

• Token Sales: A portion of the MLK token supply is sold through public and private token sales to raise funds for ecosystem growth and development.
• Liquidity Mining: MLK tokens are distributed to users who provide liquidity to the MLK-ETH or other MLK-based trading pairs on decentralized exchanges.
• Staking Rewards: Holders of MLK tokens can participate in staking or "Milk Farming" to earn additional MLK rewards.
• Airdrops: A portion of the MLK token supply is distributed as airdrops to early supporters and active members of the MiL.k community.

3. Token Allocation and Holdings by Key Stakeholders

The remaining 20% of the MLK token supply is allocated to the development team, advisors, and early investors:

• Development Team: 10% of the MLK token supply is allocated to the core development team to support ongoing development, marketing, and ecosystem expansion.
• Advisors: 5% of the MLK token supply is allocated to strategic advisors and consultants who provide guidance and support to the development team.
• Early Investors: 5% of the MLK token supply is allocated to early investors who supported the project during its early stages.

The development team's allocation ensures ongoing funding for platform development and ecosystem growth, while advisors and early investors provide valuable expertise and support.

FAQs

Q: How many MLK coins does the development team hold?
A: The development team holds 10% of the MLK token supply, or 100 million tokens.

Q: What is the vesting period for tokens allocated to the development team?
A: The development team's tokens are vested over a period of three years, with specific release milestones to ensure aligned incentives and long-term commitment to the project.

Q: How does the token distribution model ensure community involvement and ecosystem growth?
A: The allocation of a significant portion of MLK tokens to the community through token sales, liquidity mining, staking, and airdrops encourages community participation and incentivizes active involvement in ecosystem development.