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【Binance Wallet Today's TEG Project: MilkyWay】

Just yesterday at 4 PM, Binance announced the 13th phase of the Binance Wallet TGE project - MilkyWay, which will take place today from 16:00 to 18:00, but the threshold conditions have not been disclosed (predicted to be 75 points).

Let's take a detailed look at this project:

1. Project Overview

· MilkyWay is a liquid staking solution within the Celestia (TIA) ecosystem.

· Josie Leung is the co-founder of MilkyWay, having previously worked at Crypto.com and LinkedIn.

· MilkyWay supports various asset types (TIA, INIT, etc.), liquid staking tokens (milkTIA, etc.), with a total accumulated staking volume exceeding 2.6 million TIA, total locked value (TVL) exceeding $51 million, user scale of over 156,000, and its technical architecture supports Cosmos SDK, CometBFT, CosmWasm contracts, and multi-signature custody.

· MilkyWay has completed a round of financing, which was a $5 million seed round completed on April 30, 2024, at an undisclosed valuation. Major investors include: YZi Labs, Hack VC, Polychain, Crypto.com Capital, etc.

2. Token Economic Model

· Token Name: MILK

· Total Token Supply: 1 billion

· Initial Circulating Supply: 52,498,420 (5.25%)

· Specific allocation is as follows:
As shown in the diagram

3. Token Price Prediction

Compared to ZORA, the price of MILK is between $0.1 - $0.7.

After Binance TGE, price fluctuations may be significant, expected to be between $0.05 - $0.2.

The overall predicted price will be: $0.08 - $0.1 (Market Cap: $80 million - $100 million)

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