The MILC platform will create an idea of a community within a space where both content creators and the users interacting with them will both have a positive benefit and outcome in a unique, yet effective way. (4/11)
Token Burns: From looking at their whitepaper it is stated that “All purchases paid with the MLT Token on the MILC Platform will result in 0.5% of the total amount being burned. A payment of $1,000,000 USD results in a burn of $5,000.” (6/11)
Buybacks: “The MILC Platform aims for a continuous circulation of the token between the members of the global media industry and its active community users. Therefore the MILC platform plans relevant token buybacks from the market. (continued) (7/11)
... This occurs whenever a FIAT to token swap takes place. This creates a continuous demand, even when the secondary market is not that active.” (8/11)
Bringing this addition not only decreases the pressure increasing tokens in circulation, over a period of time it will become deflationary. This means that they will eventually be burning tokens, leading to a price increase. (9/11)
This has to make you bullish! The level and perspective they will take when onboarding partners etc, will be amazing! The team has never let down the community, and I believe they won't let the community down here too! 🔥 (11/11)
That's all for now, if you enjoyed this thread, please leave a like and a cheeky retweet would be much appreciated! ❤️
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