MiL.k Alliance

What is MiL.k Alliance?

The MiL.k platform aims to create an integration platform for mileage points across various service companies in the lifestyle industries, such as travel, leisure, fashion, and culture. Through the utilization of blockchain technology, the platform seeks to establish a secure mileage point integration system that ensures data credibility without the need for direct exchange of personal information between companies or post-settlement requirements.

The implementation of this platform is designed to offer significant advantages to users, enhance customer loyalty by increasing the value of mileage points, and broaden the customer base for service companies participating in the platform. This approach aims to give each service company a distinct competitive advantage over its rivals. The MiL.k platform operates as an 'alliance platform,' fostering collaboration among multiple service companies for the mutual benefit of all participants, rather than favoring a specific company.

Benefit of Blockchain for a Mileage Platform

The decision to use blockchain for the mileage platform is driven by several reasons, including ensuring 24/7 data credibility. Blockchain technology provides a secure and reliable environment for sharing important financial information like mileage points among aligned service companies. Each service company has its individual chain on the blockchain, ensuring the confidentiality of internal information and allowing for easy audit through blockchain verification.

Tokenizing mileage points enhances the security and reliability of transactions on the blockchain. Mil.k Coin, the designated token for trading mileage points, facilitates easy transfers and transactions between various services and users, eliminating the need for post-settlements among aligned service companies. Users stand to benefit from discounts when purchasing and have the option to cash in Mil.k Coin by transferring it to external crypto exchanges.

The platform's integration of lifestyle service companies on a global scale is facilitated by blockchain technology, recognized as a standard infrastructure for global IT companies. Building the platform on blockchain not only benefits itself but also enables service companies to expand globally.

Duel Token System

In their effort to establish a system for integrating mileage points among service companies, the team intends to develop two types of tokens and a corresponding trading system. The first token, referred to as the Brand Token, represents the tokenized version of mileage points initially issued by the service companies. The second token, known as Mil.k Coin, is specifically designed for trading Brand Tokens exclusively on their platform.

As an example, one can consider companies A and B within the system, involving A tokens and B tokens (Brand Tokens). Transactions between these tokens will exclusively take place through Mil.k Coin, acting as the designated trading medium on the platform. Mil.k Coin functions as a cryptocurrency, serving as the currency for the platform and facilitating the integration of individual Brand Tokens from various service companies.

MiL.k Team Background and Partnerships

The core team of MiL.k consists of Jung-min Cho (Co-Founder & Chief Executive Officer), Rooney Jung (Co-Founder & Chief Technology Officer), Samuel Yun (Chief Business Officer), and Woo Shawn (Co-Founder).

MiL.k has secured over a dozen of partnerships, including Yanolja, Shinsegae, Jinair, Megabox, CU, Interpark, DailyHotel, L Point, Air Asia, GetPlus...

MiL.k Project Development

Milk Partners, the operator of the blockchain-based loyalty integration platform 'MiL.k,' has signed a memorandum of understanding (MoU) with Agate, the largest game developer in Indonesia and a prominent player in Southeast Asia. The partnership aims to collaborate in expanding the Web3 ecosystem by leveraging the expertise of both companies in gamification solutions and blockchain-based loyalty ecosystems.

Agate, known for successful games like Earl Grey, Rupert Guy, Football Saga 2: The Legend Reborn, Memories: My Story, My Choice, and Valthirian Arc Series, has been actively venturing into the Web3 world with the development of the game Mythic Protocol.

In alignment with their business goals, both companies have agreed to closely collaborate under this MoU, with the intention of expanding their ecosystems. The strategic partnership is expected to result in various co-marketing activities that incorporate Agate's gamification solutions and leverage MiL.k's localization strategy, offering an exclusive Web3 experience to users in Indonesia.

MiL.k Alliance Price Analysis

As of December 14 2024 MiL.k Alliance has a marketcap of $120M. This is {{percentagefromath}} from its all time high of $3.59. In terms of its tokenomics, there's a total supply of 986M with 42% currently outstanding. Keep in mind MiL.k Alliance has a fully diluted value of $289M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude