In the dynamic landscape of meme coins within the cryptocurrency space, new contenders are always emerging, aiming to carve their niche among the ranks of tokens like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE). One such project is Milo Inu (MILO).
What is Milo Inu
Similar to Dogecoin (DOGE), Milo Inu is a dog-based meme cryptocurrency. Its objective is to establish a widely recognized brand, encompassing not just the crypto sphere but also the global community. Unlike tokens solely driven by speculative gains, Milo Inu is based on a series of animations, which extends to non-fungible tokens (NFT), GameFi, virtual mail, physical dolls, and more.
The Milo Inu team
Like various other meme coins, the development team has chosen to maintain anonymity.
How does Milo Inu work
Milo Inu boasts a diverse range of offerings encompassing NFTs, toys, figurines, and more. The project allocates all generated funds toward liquidity generation.
Furthermore, Milo Inu is actively crafting its GameFi named "Milo’s World." This expansive metaverse is set to encompass an assortment of games and a virtual mall where MILO serves as an accepted mode of payment. The inaugural game within this universe, "Dog Friends," revolves around nurturing dogs and participating in engaging PvP gameplay.
Beyond this, Milo Inu is strategically collaborating with esteemed brands to fortify its brand presence and recognition within the market.
MILO tokenomics
Milo Inu is powered by its native cryptocurrency, MILO, which was introduced on February 21, 2022, with a total supply of 690 trillion MILO tokens. Within the Milo Inu ecosystem, two tokens, MILO and CLOAK, collaborate harmoniously to uphold the project's functionality. While CLOAK is tied to NFTs, featuring an exclusive array of artworks crafted by artists, MILO is fungible, facilitating trading. Moreover, MILO serves versatile purposes, including utilization in the project's game and the acquisition of NFTs.
MILO token distribution
MILO is distributed as follows:
- 42 percent: Burned
- 25 percent: Locked on PancakeSwap for 69 years
- 5 percent: Sold to institutional investors
- 10 percent: Set aside for the play-to-earn (P2E) model, with a vesting period of 6 months
- 5 percent: Development team
- 12 percent: Marketing purposes, listing, and other operations
- 1 percent: Airdrops
