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MilkyWay Price (MILK)
-200%Bon
MilkyWay MILKMilkyWay (MILK) Chart
MilkyWay (MILK) Return On Investment(ROI)
What Is MilkyWay(MILK)?
MilkyWay offers a liquid staking solution for Celestia's TIA. The staked TIA is used to secure Celestia, and you can utilize milkTIA for various DeFi activities. By staking your TIA coins with MilkyWay, you receive an on-chain representation of your TIA staking position called milkTIA.
How Does MilkyWay Work?
Staking Process
A crucial aspect of any Liquid Staking project is the staking process. For MilkyWay, the system is designed to be both efficient and secure.
Here's a step-by-step breakdown of the procedure:
- Initiation: When a user stakes TIA on MilkyWay — the TIA is transferred from Celestia to Osmosis via IBC, then deposited into a CosmWasm Staking Contract.
- Calculation and Minting: The contract calculates the amount of milkTIA to provide based on TIA's exchange rate. It then mints milkTIA and provides the user with milkTIA as a tokenized representation of the staked TIA coin. The milkTIA is sent to the user's Osmosis account.
What Is MILK Token?
MILK will be the native token of the MilkyWay Protocol. MILK holders will receive a portion of the 10% protocol fee charged on all staking rewards generated by milkTIA holders. MILK will also be the governance token of the MilkyWay Protocol, meaning that MILK holders will have the power to vote on changes to the protocol, such as new features, fee structure, and treasury management.
The MilkyWay Protocol is committed to being 100% governed by a decentralized autonomous organization (DAO). This means that the community will have full control over the protocol and its future.
MilkyWay (MILK) Community
- Discord: https://discord.com/invite/4ywmNE3tqq
- Medium: https://medium.com/milkyway-zone
- Telegram: https://t.me/milky_way_zone
MilkyWay FAQ
What is the price of MilkyWay (MILK) coin?
CoinCarp does not currently have price data for MilkyWay as it has yet to be listed on any cryptocurrency exchanges (CEX or DEX). Once MilkyWay is live on an exchange, CoinCarp will provide real-time MilkyWay (MILK) coin prices from different exchanges.
Is MilkyWay (MILK) coin a good investment?
It depends on your personal risk tolerance and investment goals. MilkyWay is a cryptocurrency that is highly volatile and therefore may not be suitable for all investors. Before investing, please do your own research about cryptocurrencies, crypto wallets, cryptocurrency exchanges, and smart contracts, and it is crucial to understand the risks and potential rewards of investing in cryptocurrencies..
If you decide to get involved in MilkyWay investing, you will also need to understand the MilkyWay project's white paper, team background, tokenomics, and the overall market environment.
Where can I buy MilkyWay (MILK) coin crypto?
CoinCarp's tracking data suggests that the MilkyWay is currently not available for purchase on a cryptocurrency exchange. While you may be able to purchase MilkyWay from other traders through Over-the-Counter (OTC) trading, the risks associated with this method are considerable. We strongly advise you to do your own research and understand the risks involved before engaging in any trading activities for MilkyWay.
How to short MilkyWay (MILK) coin?
According to CoinCarp's tracking data, no crypto exchange yet supports MilkyWay contracts or ETF trading. so you can't short MilkyWay
What will MilkyWay (MILK) coin be worth in 5 years?
It is impossible to predict what MilkyWay will be worth in five years. The cryptocurrency market is highly volatile and can be affected by a variety of factors, such as US dollar policy, government regulations, technological progress, market sentiment, MilkyWay's circulating supply and the development of project ecology. Therefore, it is impossible to accurately predict the price of MilkyWay 5 years from now.
MILK Price Statistics
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