Binance Wallet will hold the 13th exclusive Token Generator Event (TGE) for MilkyWay (MILK) on April 29 at PancakeSwap. The event is scheduled to start at 4:00 p.m. Beijing time. Participation will be available if a number of conditions are met.
MilkyWay Launch on PancakeSwap
According to the announcement, the event will take place on April 29 from 16:00 to 18:00 Beijing time. Thus, Binance continues to strengthen its position in the decentralized finance (DeFi) sector, using PancakeSwap as the main platform for launches.
At the moment, not all event details are disclosed. In particular, the allocation of 20 million MILK tokens for marketing purposes will be announced later.
Participation Requirements and Market Impact
Participation in the TGE will require holding a certain amount of Alpha Points. A deadline has also been set for pre-holding funds by milkINIT testers and other selected user categories. These requirements highlight the closed nature of the event.
MilkyWay forums are seeing a rise in interest regarding the upcoming event. It is expected that this could stimulate network activity and community engagement. The project's official channels continue to publish updates on the launch preparations, reinforcing expectations regarding liquidity and trading volumes after the TGE.
The MilkyWay team confirmed in an official statement that 10% of the total MILK token supply — 100 million tokens — will be distributed among so-called milkers, community leaders, and pioneers of the new direction.
MilkyWay had previously conducted mass airdrops similar to the PAWS token distribution. These actions triggered volatility and increased trading activity in the market.
The Coincu analytical team forecasts that the MilkyWay listing will lead to technological and adaptive changes in the DeFi segment. Increased activity in staking, changes in liquidity, and participation in governance within ecosystems connected to Celestia are expected.
About the MilkyWay Project
MilkyWay positions itself as the first dual protocol in the modular ecosystem, simultaneously providing liquid staking and restaking services. The project aims to solve the traditional staking problem where yield is achieved at the cost of losing liquidity.
Users can simultaneously earn income from base staking, participate in DeFi activities, and gain additional bonuses through restaking, thereby enhancing capital efficiency.
Currently, MilkyWay supports assets including TIA and related liquid tokens. In the future, the addition of INIT, stablecoins, and other popular crypto assets is planned.
According to DefiLlama, at the time of publication, the total value locked (TVL) in MilkyWay exceeds $7.8 million. At its peak, less than two months after its February launch, the figure reached $51.06 million.
This post is for informational purposes only and does not constitute an advertisement or investment advice. Please conduct your own research before making any decisions.
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.