Bittime - According to a report on The Block by JayB Kim, co-founder and CEO of MilkyWay, has raised $5 million in a seed round led by Polychain Capital. Kim said that several other investors have invested in this round, including Binance Labs, Hack VC, Crypto.com Capital, and LongHash Ventures.
In a separate statement, Binance Labs stated that it has invested in MilkyWay to help it become the leading liquid staking protocol in the modular blockchain ecosystem, including for Celit was
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What's thatMilkyWay?
Last December, MilkyWay, Celestia's first liquid staking protocol, was released. The only enemy today is competitors.Kim stated that MilkyWay is different from Stride in many ways, one of which is its architectural style. "MilkyWay's on-chain architecture is a smart contract on Osmosis."
Although MilkyWay is also built specifically for modular ecosystems, it currently only concentrates on staking Celestia (TIA) liquid tokens. On the other hand, Stride supports various liquid staking tokens, such as TIA, Cosmos Hub (ATOM), dYdX (DYDX), Injective (INJ), and Juno (JUNO).
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Airdrop gives Peluncuran Token MilkyWay
MilkyWay currently uses a points program called mPoints. People who have mPoints can do airdrops called “Big Airdrops” or “MassDrops” that give away at least 10% of the total MILK tokens.
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Plana MilkyWay in the Future
Kim also stated that MilkyWay is building the Initia ecosystem. "This will be a full-featured Cosmos SDK blockchain completed via optimistic rollup, with a block time of 500 milliseconds with 10,000+ transactions per second."
Additionally, Kim added, "We plan to launch the testnet as early as next month and the mainnet by the end of the second quarter."Currently, about ten people work for MilkyWay.
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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.
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