MilkyWay Delays Launch of MILK Token, Multiplier Badge for mPoints Users

Bittime - MilkyWay announced that the token was postponed to the second half of this year. In addition, MilkyWay will issue multiplier badges to mPoints users as a form of appreciation. What is the reason behind this delay? Read this article to the end to find out?

Reasons for Delay in Launching MILK Token

MilkyWay decided to delay the launch of the MILK token until the second half of 2024. This decision was taken to allow the development of Minitia with support from Initia and Celestia. Thus, MILK tokens will be issued directly on this minitia to simplify the introduction of the milkINIT staking liquidity solution.

In its announcement, MilkyWay stressed the importance of transparency and community engagement. They want to ensure that every step they take will provide long-term benefits for the entire modular ecosystem.

Check Today's Crypto Market:

Multiplier Badges for mPoints Users

Prior to the launch of the MILK token, the mPoints system will continue to operate with the following phases for awarding multiplier badges:

• December 18, 2023-February 14, 2024
• 15 February 2024-1 April 2024
• 2 April 2024-9 May 2024
• May 10, 2024-June 15, 2024

Users who stake during these phases can claim multiplier badges. Users who started staking on December 18, 2023 and are still continuing to stake can claim all four badges.

mPoints System and MILK Token Launch

In February 2024, MilkyWay introduced the mPoints system alongside the announcement of MassDrop. By staking TIA on MilkyWay, users receive milkTIA and earn 1 mPoint per milkTIA per day, as well as 1.25 mPoints per milkTIA per day if used in DeFi. 

These mPoints will be converted into MILK tokens during the Token Generation Event (TGE), with 10% of the total MILK supply allocated for this purpose. MilkyWay also plans to list milkTIA on several upcoming Layer 1s such as Movement Labs and Berachain.

Also Read How To Buy Crypto:

Innovation in Modular Ecosystems

To support the growing modular ecosystem, MilkyWay decided to build Minitia powered by Initia and Celestia. This step ensures the flexibility and customization necessary for long-term innovation. By issuing MILK tokens directly on minitia, the need for future migration can be avoided, which will introduce a staking liquidity solution for INIT holders, known as milkINIT.

Additionally, MilkyWay will build a Retaking Hub for the modular ecosystem. This will allow users to stake native tokens or liquid staking tokens such as TIA and milkTIA to provide crypto-economic security for Active Validation Services (AVS) such as bridges, rollups, and oracles, as well as generate returns from staking.

Check Crypto Prices Today:

Cara Beli Crypto di Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Read Also:

Bittime Staking vs Other Staking Platforms: Which is Easier?

USDT staking vs. Staking Other Cryptos: Which is More Profitable?

Prior to Token Launch and Airdrop, MilkyWay's Celestia Staking Protocol Raises $5 Million

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.