What is the total supply of MiL.k (MLK) coins?

MLK coins play a multifaceted role within the MiL.k Protocol ecosystem, enabling governance, staking, transaction fees, and exclusive feature access.

Dec 18, 2024 at 07:27 pm

Key Points of the Article:

• MiL.k (MLK) tokenomics and supply overview
• The purpose and use cases of MLK coins
• Factors affecting MLK coin supply
• MLK token distribution and allocation
• FAQs about MiL.k (MLK) coin supply

What is the Total Supply of MiL.k (MLK) Coins?

MiL.k (MLK) is the native cryptocurrency of the MiL.k Protocol, a decentralized finance (DeFi) platform that offers various yield farming, staking, and lending services. The total supply of MLK coins is capped at 1,000,000,000 MLK.

Purpose and Use Cases of MLK Coins

MLK coins serve multiple purposes within the MiL.k Protocol ecosystem:

• Governance: MLK holders can participate in the governance of the protocol by voting on proposals related to platform development and operations.
• Staking and Lending: MLK coins can be staked or lent to earn rewards and contribute to the security of the network.
• Transaction Fees: MLK is used to pay transaction fees on the MiL.k Protocol platform.
• Utility Asset: MLK can be used to access exclusive features and services within the MiL.k Protocol ecosystem.

Factors Affecting MLK Coin Supply

The total supply of MLK coins is influenced by several factors:

• Token Burn Mechanism: A portion of the MLK coins collected as transaction fees is periodically burned, reducing the circulating supply.
• New Issuance: New MLK coins can be issued to reward protocol participants, such as liquidity providers and stakers.
• Lost or Inaccessible Coins: A small number of MLK coins may be lost or become inaccessible due to various reasons, further reducing the circulating supply.

MLK Token Distribution and Allocation

The initial distribution of MLK coins was as follows:

• Genesis Block: 25% of the total supply was pre-mined and allocated to the genesis block.
• Seed Sale: 15% of the total supply was allocated to seed investors.
• Private Sale: 20% of the total supply was allocated to private sale investors.
• Public Sale: 10% of the total supply was allocated to public sale participants.
• Team and Advisors: 10% of the total supply was allocated to the team and advisors.
• Protocol Development: 10% of the total supply was allocated to ongoing protocol development and maintenance.
• Liquidity Pool: 5% of the total supply was allocated to the protocol's liquidity pool.

Frequently Asked Questions (FAQs) about MiL.k (MLK) Coin Supply:

Q: What is the current circulating supply of MLK coins?
A: The current circulating supply of MLK coins can be found on the MiL.k Protocol website or reputable cryptocurrency exchanges.

Q: What is the long-term supply plan for MLK coins?
A: The long-term supply plan for MLK coins will likely involve a gradual reduction in the circulating supply through token burns and controlled new issuance.

Q: Can the maximum supply of MLK coins be increased in the future?
A: The maximum supply of MLK coins is fixed and cannot be increased without the approval of the MLK token holders through a governance vote.