Milo is a Farcaster-native gamified hybrid DeFi/NFT project that aims to be the de facto dog token on Base. The project combines the $MILO fungible token with 1000 generative BabyMilo NFTs with hand-drawn traits for guaranteed uniqueness.
The $MILO token has a MAXIMUM supply of 1 billion tokens.
Distribution of these tokens will happen via the following mechanisms:
$MILO tokens will be available on the Base network via an in-frame mint or by sending ETH to the smart contract address. 40% of the supply has been allocated for distribution via this mechanism. Distribution will continue until all available $MILO has been minted.
A linear pricing curve will be applied.
The official liquidity pool will be opened once 37.5 $ETH is raised (roughly around the 157.20 million $MILO mark). Ether will be added alongside $MILO in strategic tranches to ensure the preservation of the market and combat bot activity.
Any additional funds raised will be allocated to the Treasury.
The Milo project is a successor of the original DiviDoge project with a refreshed team and overhauled tokenomics. To maintain a strong bond with the existing community without creating negative incentives for newcomers, $MILO will be redeemable on a compression curve. The outcome will still enable top holders to retain a significant advantage in the minting games while maintaining an equitable playing ground for smaller holders and new entrants.
For those migrating from the previous $DVDOGE token, please take note of the following: