Odaily News The MilkyWay Foundation has officially announced the token economic model of MILK. The total supply of MILK is 1 billion. The specific distribution and unlocking rules of MILK are as follows:
1) 20% for core contributors: reserved for the founding team, contributors and future team members; locked for 12 months and then released linearly over the next 36 months.
2) 13.42% for early private placement investors: locked for 12 months, and then released monthly within the next 24 months.
3) Early Supporters 3.55%: Allocated to advisors and early construction phase contributors. Locked for 12 months, and then released monthly over the next 36 months.
4) 8% for the Foundation: used for strategic purposes such as DeFi integration, AVS access, and Rollup deployment. 2% will be unlocked when the token is issued, and the remaining portion will be gradually released within 36 months.
5) Community Round 5.25%: Allocated to community public offering participants (including Echo). Locked for 12 months, and released monthly in the next 12 months.
6) Binance Wallet exclusive TGE 2%: All tokens will be unlocked when they are issued.
7) Binance Wallet Marketing 2%: Will be used for future marketing activities of Binance Wallet. Specific details will be announced separately.
8) Ecosystem growth 16.5%: used for AVS integration, Rollup incentives, developer funding and liquidity plans. 6.25% will be unlocked at token issuance, and the rest will be released within 36 months.
9) Airdrop 10%: will be allocated to early users, including mPoint holders, Moolitia NFT holders and milkINIT testers. This part of the shares will be released in four stages, 2% when the token is issued, 2.5% after 3 months, 2.5% after 6 months, and 3% after 12 months.
10) Community Development 19.28%: used for community activities, partnerships and long-term incentive plans. 9.64% will be unlocked when the token is issued, and the remaining part will be released within 36 months.