New Token Situation

1. Financing Situation

Seed Round Financing: On April 30, 2024, MilkyWay completed a $5 million seed round financing, 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 firms like Polychain Capital also have significant influence in the blockchain sector, demonstrating the project's attractiveness 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. Token $MILK Circulation and Distribution

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 an airdrop, distributed to mPoint holders, Moolitia NFT holders, and milkINIT testers. The airdrop aims to reward early supporters and enhance community engagement.

Airdrop Eligibility:

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