Odaily Planet Daily News: Celestia ecosystem liquidity pledge agreement MilkyWay has completed a $5 million seed round of financing, led by Binance Labs and Polychain Capital, with participation from Hack VC, Crypto.com Capital and LongHash Ventures. It is reported that the structure of this round of financing is a simple agreement for future equity (SAFE) and token warrants for the co-lead investors, and a simple agreement for future tokens (SAFT) for participating investors. MilkyWay plans to launch its own tokens and airdrop in the coming months. MilkyWay is currently running the mPoints points program. MilkyWay said in February that it would then conduct an airdrop called "Massive airdrop" or "MassDrop", allocating at least 10% of the total supply of MILK tokens to mPoint holders. JayB Kim, co-founder and CEO of MilkyWay, said the total supply of MILK tokens will be announced later, but added that the token is expected to be launched at the end of the second quarter or the beginning of the third quarter. Kim said that MilkyWay is also building Rollup on the Initia ecosystem, which will be a fully functional Cosmos SDK chain, with plans to launch a testnet as early as next month and a mainnet at the end of the second quarter. (The Block)