6. TOKEN ECONOMY
Last updated
Last updated
Purchase and selling of token: Users can either use the services provided by MILO Platform or use MILO token to cash out through CEX/DEX where MILO token is listed to purchase or sell them.
SNAPEATS: Users can use MILO token to play MILO ecosystem’s AI based P2E game SNAPEATS and to purchase NFTs or ITEMs. Profits made from such sales will go towards the OPERATING FUND.
SWAP: Users are able to swap reward points of partner companies and MILO tokens with each other. Half of the swap fee occurred from these swaps will go to the TREASURY, 25% into ANTI INFLATION CENTER and 25% into ESG FUND.
ANTI-INFLATION CENTER: ANTI-INFLATION CENTER burns tokens to prevent inflation.
ESG FUND: Fund will be used for ESG related companies.
OPERATING FUND: Operating funds will be used for general expenses such as development, marketing and advertisement, infra, expenses, legal advice, ecosystem. The remaining token will be moved to TREASURY.
TREASURY: REWARD will be given to INVESTOR and PARTNER, and when necessary it will be used as OPERATING FUND, REWARD POOL and ECOSYSTEM.
REWARD POOL: It is a reward pool for Milo Staking Holders and SNAPEATS users.
COMMUNITY: It will be used for MILO’s marketing and advertisement, participation on governance, community support, reward for community contributors. The remaining tokens will be moved to TREASURY.
IP BUSINESS FUND: Collaboration and support to IP based NFT projects and the profits as a result of such work will be moved to TREASURY.
| ANTI-INFLATION CENTER
In order to prevent inflation, 25% of SWAP FEE (in MILO token) occurred from MILO WALLET will be burnt.
Burn mechanism MILO that has been decided to be burnt will be sent to this address 0x000000000000000000000000000000000000dead
| ESG FUND
25% of the SWAP FEE (in MILO token) from MILO WALLET will be used for ESG related campaigns and donations.
| IP BUSINESS FUND
IP based projects within the MILO ecosystem will be supported to further activate the ecosystem.
| TOKEN ALLOCATION
| TOKEN UNLOCK SCHEDULE
Ecosystem: TGE standard after 12M, vesting for 36M
Business Development: TGE standard after 12M, vesting for 36M
Launch Contributor: TGE standard after 4M, vesting for 12M
Marketing: After TGE, vesting for 48M
Team: TGE standard after 12M, vesting for 36M
Reserve: TGE standard after 12M, vesting for 36M
