MilkyWay, a New Project Focusing on Restaking Services and Liquidity, Security
The new project MilkyWay, which emphasizes restaking services along with liquidity and security, will officially debut at the exclusive Token Generation Event (TGE) co-hosted by Binance Wallet and PancakeSwap. The limited-time subscription will last for 2 hours, during which MilkyWay tokens, $MILK, will be released. Binance Wallet users will have the opportunity to participate early in this emerging L1 modular public chain project focused on restaking, although the point system restrictions have not yet been announced. However, the announcement has led to numerous complaints from netizens below: “The point threshold is too high.”
MilkyWay Event Preview
Token Name: MilkyWay (Token Code: $MILK)
Blockchain: BNB Smart Chain
Subscription Date: April 29, 2025 (Tuesday), UTC Time 08:00 – 10:00 (Taiwan Time: April 29, 16:00 – 18:00)
Subscription Duration: Two hours
Point Accumulation Threshold: To be officially announced before the subscription begins on April 29
In addition to the TGE subscription, the official announcement also stated that an additional 20 million MILK tokens will be released for future marketing activities.
What is MilkyWay: A Modular L1 Public Chain Focused on Restaking
MilkyWay is an L1 modular blockchain based on Cosmos, primarily focusing on:
- Liquid Staking (LSD)
- Restaking
This allows users to retain liquidity while staking their assets and enables the same staked assets to support multiple blockchain services, thus earning additional returns. It also issues LSD tokens (milkTIA, milkBABY) to allow assets to be used freely across chains while creating a shared security pool to address the issue of trust decentralization in blockchains. In the future, MilkyWay will continue to expand into the modular ecosystem, such as Babylon and Initia, becoming an important infrastructure driving DeFi cross-chain and the restaking economy.
Official Website: https://www.milkyway.zone
X: https://x.com/milky_way_zone
TGE Point Mechanism Sparks Controversy, Netizens Complain
Recently, the TGE event launched by Binance Wallet has sparked considerable controversy due to the Alpha Points accumulation mechanism. Many users have expressed their complaints on social media platforms, such as:
- The point threshold was announced too late, leaving insufficient preparation time.
- The point accumulation mechanism relies on asset holdings and trading volume, which is unfriendly to small users.
- The method of point calculation is not transparent, making it difficult to understand how to effectively accumulate points.
- The event design favors large holders.
- Binance customer service response has been slow and even unresponsive, leading to disappointment.
Some users complained about the constant changes in the points mechanism, while others expressed frustration over the lack of response from customer service.
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