Today Binance Wallet TGE Phase 13 goes live with MilkyWay ($MILK). The points rules are not out yet, so let's talk about the project!!

Project Overview: What is MilkyWay?

MilkyWay is a modular Layer 1 blockchain based on the Cosmos ecosystem, focusing on Liquidity Staking (LSD) and Restaking services. ​

Its core goal is to enhance the capital efficiency of assets, allowing users to earn staking rewards without locking up their assets and further participate in other DeFi protocols to obtain additional rewards. ​

MilkyWay supports staking for various assets, including TIA and achieves cross-chain liquidity through the issuance of LSD tokens (such as milkTIA, milkBABY).​

Additionally, the platform has established a shared security pool to address the issue of trust decentralization in blockchains.

Token Economics: The Role and Use of $MILK

$MILK is the native token of the MilkyWay ecosystem, with primary uses including:​

Governance Rights: ​Holders can participate in protocol decision-making and upgrades.

Incentive Mechanism: ​Used to reward users participating in staking and restaking.

Transaction Fees: ​Used to pay transaction costs on the platform.

MilkyWay also plans to release 20 million $MILK for subsequent marketing activities to promote the development of the ecosystem.

Advantages and Risk Assessment

Advantages:

Innovative Technology: ​Combining liquidity staking and restaking to enhance capital efficiency.

Modular Design: ​Easy to integrate with other blockchain ecosystems.

Strong Market Performance: ​Achieved high TVL in a short time, demonstrating strong market recognition of the project. ​

Risks:

Controversial Points Mechanism: ​May affect user participation willingness.

Intense Market Competition: ​Continuous innovation is required to maintain competitive advantage.

Technical Implementation Challenges: ​Modular design and cross-chain operations may face technical challenges.

TGE Event Details

Event Time: ​April 29, 2025, 16:00 to 18:00 (UTC+8)

Platform: ​Binance Wallet, eligible participants can invest up to 3 $BNB

Participation Eligibility: The Alpha points threshold will be announced before the subscription time on April 29.

An additional 20,000,000 $MILK will be allocated for future marketing activities, with specific details to be announced later.