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$MILO is a Farcaster-native token experiment. The objective is to breathe some fun and fresh ideas into the memecoin space by utilizing Farcaster's innovative technology (e.g. Frames) to build a decentralized ecosystem within the Warpcast app.
The $MILO ecosystem begins with a maximum supply of 1 billion $MILO tokens. The dynamic emission rate enables equity across the system by ensuring a consistent release of tokens into the market over a defined period.
At launch, 37% of the total supply is set aside for staking rewards. But that supply isn’t necessarily tapped immediately.
This is because we use a dynamic inflation curve to ensure a fair and equitable distribution of coins that will limit the amount of downward pressure while incentivizing participation.
The minimum leashed (staked) $MILO used to mint a BabyMilo is also added back into the staking pool.
BabyMilo NFTs are the $MILO ecosystem NFT. The Genesis collection will have
An initial release of 100 BabyMilo NFTs will be mintable in-frame to whitelisted addresses through Warpcast. The cost to mint will be 200,000 $MILO.
In order to mint a BabyMilo after the initial release, users will need to "leash” (stake) a minimum of 200k $MILO through a frame provided on the /milo channel. This will give them a chance to mint 1 of 10 BabyMilo NFTs that are released each week.
Users can increase the odds of earning a mint by leashing (staking) a larger amount of $MILO or adding $DIVI to their wallet.
If a user wins a chance to mint a BabyMilo, 200k $MILO will be removed from their leashed (staked) amount, and a new BabyMilo NFT will be minted to their address.
Once a user successfully brings a BabyMilo into the world, they can then stake it for more $MILO, which can be used to mint more NFTs or play in the arcade.
Once a user mints a BabyMilo NFT, they can stake it for more $MILO. This can be used as a mechanism to recoup the cost of their NFT mint or be used in the GameFi arcade.
BabyMilo stakers will recoup up to 80,000 $MILO, equating to a 40% discount on the mint of a single BabyMilo.
The entire Staking process will occur in-frame on Farcaster.
Our team is comprised of tech professionals from a variety of backgrounds, including video game development and design. $MILO will be usable in the GameFi arcade. An ecosystem of in-frame Play-to-Earn games that can earn users more tokens and additional prizes.
BabyMilo
Lfg 🔥
Two glowing BabyMilos in the same week! 🌟 Congrats to the new owners: @cryptorabble @mike40oz @92elementz +1 more not on Farcaster
@brydeadhead.eth was the final minter! Is indeed on Warpcast 😆 Congrats!
woah! what does this mean!?
Just updated the whitepaper, have a read and head to towel.dog/nfts to stake your NFT! https://paragraph.xyz/@babymilo/milo-puppy-playbook-towelnomics
Stake 200k $MILO to go in the running for the weekly BabyMilo NFT mint. More details in the Whitepaper: https://paragraph.xyz/@babymilo/milo-puppy-playbook-towelnomics
Just in case you haven't memorized it already! The Towelnomics behind $MILO are 🔥 https://paragraph.xyz/@babymilo/milo-puppy-playbook-towelnomics
Heard something about that in the Puppy Playbook 🧻 https://x.com/nicky_sap/status/1800660957695475763?t=ex14jkxngiJzXepModGYBQ&s=19 https://paragraph.xyz/@babymilo/milo-puppy-playbook-towelnomics
TOWELnomics are now also available on the official Milo Paragraph 👀 🧻 https://paragraph.xyz/@babymilo/milo-puppy-playbook-towelnomics
$milo starting price?