New Coin Situation

1. Financing Situation

Seed Round Financing: On April 30, 2024, MilkyWay completed a $5 million seed round financing, co-led by Binance Labs and Polychain Capital, with participation from well-known institutions such as Hack VC, Crypto.com Capital, and LongHash Ventures. The financing structure includes a Simple Agreement for Future Equity (SAFE), token warrants, and a Simple Agreement for Future Tokens (SAFT).

Investor Background: Binance Labs, as the investment arm of the world's leading cryptocurrency exchange, provides strong endorsement and market resources for MilkyWay. Other investment institutions like Polychain Capital also have deep influence in the blockchain field, demonstrating the project's appeal in the capital market.

Use of Funds: The financing will primarily be used to expand the use cases of core assets (such as milkTIA), develop new liquid staking assets (such as milkINIT), and promote ecosystem integration and modular security solutions.

2. Circulation and Distribution of Token $MILK

Total Supply: The total supply of $MILK is 1 billion tokens.

Airdrop Plan: MilkyWay plans to allocate 10% of the total supply (100 million $MILK) for airdrops, distributed to mPoint holders, Moolitia NFT holders, and milkINIT testers. The airdrop aims to reward early supporters and enhance community engagement.

Airdrop Eligibility:

Market price forecast between $0.1 and $0.7, #空投发现指南