$MLT BEP20 TOKEN MIGRATION

As the MILC Platform embarks on a strategic token migration, we are committed to provide our community with a transparent and seamless transition. In the spirit of progress and security, this blog post is designed to equip you with all the essential details for the upcoming migration of $MLT tokens on the Binance Smart Chain.

Scheduled for November 6th, this pivotal move reinforces our dedication to resilience and innovation. We’re here to guide you through each step, ensuring that your holdings are safeguarded and that you’re fully informed about the process and protections in place. We invite you to embrace this change with us, as we strengthen the foundation of our digital future.

Token Migration Process

The migration will occur in three key phases:

1. Taking a Snapshot: We will snapshot the total $MLT tokens in circulation on the Binance Smart Chain (BSC).
2. Executing an Airdrop: All $MLT holders on BSC will receive new BEP20 tokens on a 1:1 basis. Simply put, your wallet (Trust wallet, Metamask, ledger, etc.) balance will mirror exactly what you held before, but with the new token.
3. Creating new Liquidity Pool on Pancakeswap: Immediately after the airdrop we will pull our liquidity from the old Pancakeswap pool and create a new one with the new token and BNB. By then EVERY current LP-provider should have pulled his/her liquidity as well! Otherwise you are putting your capital at unsuspected risk!

WARNING: Don’t try to trade on the old Pancakeswap Pool during or after that time, as you might run into high volatility due to vastly dropping available liquidity!

The snapshot is scheduled for November 6th somewhen after 09:30 AM CET, promptly followed by the airdrop at 10:00 AM to all eligible $MLT BEP20 token holders. All exchanges, including Gate.io, MEXC, and Changelly, are collaborating with us to facilitate this migration.

Please Note:

• The migration is exclusive to $MLT tokens on the BNB Chain. The ERC20 version of $MLT is unaffected and will not undergo migration.
• Post-migration, the old $MLT tokens will become valueless.
• Any transactions involving the old BEP20 contract after November 6th, 09:30 CET, will be disregarded and excluded from the migration.
• We will announce the successful completion of the migration once finalized.

Important Contract Addresses:

• Old $MLT Contract on BSC: 0x4518231a8fdf6ac553b9bbd51bbb86825b583263
• New $MLT Contract on BSC: 0xB72a20C7B8BD666f80AC053B0f4de20a787080F5

Automatic Airdrop:

Eligible wallets will receive the new $MLT BEP20 tokens automatically. The same will be applicable to $MLT on the exchanges. There is no action required from the token holders for this process.

For Your Information:

There might be a delay to when our Exchange partners actually enable deposits and withdrawals for the new token. So before trying to move any new tokens to an exchange, confirm that the new Smart Contract is supported. We will inform everybody in separate announcements if this is the case.

Liquidity Pools:

Over the past few weeks the team have issued daily reminders that current liquidity providers must pull their liquidity from all Pancakeswap pools associated with the old contract. This is basically a last call to action if you haven’t processed it already. At the time of writing this article there is still about 100k USD worth of MLT/BNB staked in LP-tokens which are not in our custody.

However, traders will transition smoothly, as the new tokens will be applicable for trading on the updated MLT/BNB pool and all supported exchanges.

Be aware:

We informed Coinmarketcap and Coingecko early enough to support our transition. Delays in updating our respective sites on those platforms can’t be ruled out though it doesn’t fully lie in our hands. So be careful when you want to verify things there. Initially rather stick to official MILC sources.

Attention Mantra Stakers:

For those with MLT tokens in the Mantra staking pools, it has been notified multiple times that the existing staking contract will not support the new tokens. You must manually move to the new staking pool. Withdraw your liquidity from the current LP-Pool on Pancakeswap before November 6th to convert your LP-tokens to the new contract. Also make sure to withdraw your single staked MLT. We will not be liable for loss of funds in case you didn’t unstake and withdraw any possible rewards in time.

Stay Vigilant Against Scams:

Beware of scammers trying to capitalize on this transition. Always verify information with official MILC sources:

• New BEP20 MLT Contract: It is likely there will be Scammers attempting to drain your wallets with fake MLT-tokens which resemble the original one. It is important that user validate the contract address is genuine before fulfilling any transactions. Legitimate contract address can be found in this article
• Official Channels: Our Twitter, Telegram channels, and groups are your go-to for accurate information. Verify before joining any group claiming MILC affiliation.
• Security Reminder: MILC team members will not DM you first. Protect your investments and private keys from impersonators.

👉🏻 To avoid getting scammed on Telegram simply follow the safety rules:

❗️Only trust official resources that are linked on: https://www.milc.global/ and connected sites!
❗️No admin or team member will ever move or invite you to groups or channels without permission!
❗️No admin or team member will ever DM you first!
❗️Always double-check @ handles!
❗️If a Scammer DMs you, just block and report!

👉🏻 Official team members are:

✅ @ HendrikHey
✅ @ eugennussbaum
✅ @ YeLLowMandM
✅ @ Yamy5
✅ @ Richard_MILC

👉🏻 Ambassadors and admins are:

☑️ @ weezel87
☑️ @ Vaiotelli
☑️ @ MMyear20
☑️ @ FishermanOfc
☑️ @ ronaldbrian77
☑️ @ MPStiller

👉🏻 Official Telegram Channels are:

♦️ https://t.me/milc_announcement
♦️ https://t.me/MILCplatform
Note: Official team members have the “admin” tag on MILC’s Telegram groups.

We thank you for your unwavering support and trust in the MILC Platform. We anticipate a smooth transition and are excited for the opportunities this migration will unlock for all MLT holders. Remember to follow the outlined steps, keep abreast of updates through our official channels, and stay alert to maintain the integrity of your assets. Here’s to a new chapter in our blockchain journey, fortified by enhanced security and community collaboration. Stay tuned for our next updates #MILCians!

ABOUT MILC

The MILC platform aims to become one of the leading business and entertainment Metaverses. A melting pot, connecting the professional media industry with its fans. Through its own Open Web GL Metaverse and Web3 social community platform, it offers the possibility for all users, for the first time, to interact directly with the media and entertainment industry. In addition, MILC Platform offers a blockchain-based multimedia marketplace for professional content providers to trade licenses for movies, television, streaming, online publishing, music, gaming and art. It provides NFT-supported financing models for media projects as well as extensive small business opportunities for every market participant and user.

The MLT (Media Licensing Token) serves as a medium of exchange, contract signing vehicle and revenue sharing medium across all platforms within the MILC Metaverse.

MILC Platform Socials:

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