NEW BEP20 SMART CONTRACT, TOKEN BRIDGE and NATIVE STAKING LIVE SOON!

Hey #MILCians! It’s time to get excited because MILC Platform has some major news to share. On November 6th, we’re rolling out not one, not two, but three game-changing updates: a brand-new BEP20 smart contract for $MLT tokens, a slick $MLT token bridge, and the much anticipated Native Staking platform. This article is your ultimate guide to understanding these developments, from $MLT token migration to diving into the world of our token bridge and staking platform.

November is packed with exciting updates that you won’t want to miss if you’re part of our cherished MILC community. So, keep reading because we’ve got a lot to cover!

New BEP20 Smart Contract: A Secure Future for $MLT Holders

In the wake of the Multichain exploit incident, the MILC team acted swiftly and decisively, effectively safeguarding the $MLT funds entangled in the Multichain bridge. This proactive measure shielded us from the worst impacts of the exploit incident. Subsequently, our dedicated team has remained tirelessly committed to ensuring the security of your $MLT tokens. To this end, we are launching a new BEP20 smart contract on November 6th, 2023. Here’s what you need to know:

Token Migration: The token migration process will begin on November 6th, with a snapshot of $MLT BNB-Chain addresses. The exact timing will be shared in future announcements. This migration only applies to $MLT tokens on BNB-Chain. The original ERC20-MLT stays untouched.

Old LP-Contract Locked: To pave the way for the token swap, the old Liquidity Pool Smart Contract on Pancakeswap will be locked and deprecated. Users won’t be effected as they will receive tokens on the new contract address which will be tradable on the new MLT/BNB pool and all supported exchanges.

Automatic Airdrop: Eligible wallets will automatically receive the new $MLT BEP20 tokens. Rest assured, this process is designed to be seamless.

1:1 Token Swap: The exchange of old $MLT BEP20 tokens and new ones will be at a 1:1 ratio, ensuring that you receive the same number of tokens in your wallet as before.

Exchanges Support: All exchanges, including Gate.io, MEXC, and Changelly, will support our migration process. You can rely on these platforms for a smooth transition.

Mantra Staking: If you have $MLT tokens locked with current Mantra LPers, the existing staking contract will not support this token migration. You will need to move to the new staking pool manually on your own. Make sure to pull your liquidity from the current LP-Pool on Pancakeswap before November 6th and convert your LP-tokens!

Please note: Make sure you have the new $MLT BEP20 contract address, which is: 0xB72a20C7B8BD666f80AC053B0f4de20a787080F5.

We provided this address before the migration as a precaution to ensure the safety of your funds. No immediate action is required on your part.

Be aware: Scammers might want to take advantage of the situation. So always be careful and always double-check with official sources!

Token Bridge: Seamless Cross-Chain Transfers

Our MILC Platform Token Bridge for $MLT is set to launch on November 6th as well. This represents a significant leap forward in providing you with the convenience of blockchain interoperability. This bridge, entirely managed by us, simplifies cross-chain transfers between Ethereum and BNB Chain. It’s designed with your convenience and security in mind. The Token Bridge will fully support the new BNB smart contract, ensuring a smooth transition for your $MLT tokens.

Please note: RocketX bridge continues to support the old BNB smart contract for $MLT. It will also need to migrate to the new BNB smart contract eventually.

We will provide more information on the Bridge soon, to explain how it works and how to use it safely.

MLT Native Staking: Unlocking Earning Potential

We’re extremely excited to announce the launch of native staking for $MLT! This program, set to go live on November 6th, offers a fantastic opportunity for $MLT holders to earn passive income by staking tokens on Binance Smart Chain. Here’s what you need to know:

MLT/BNB Liquidity Staking: Users will be able to stake their Cake LP-Tokens for rewards in $MLT. To encourage migration to the new LP-contract, we’ll double staking rewards for early participants.

Staking APR: The percentage of staking APR depends on factors like the total staked amount in USD and the available $MLT rewards pool. Early stakers stand to earn higher APR.

How to Stake $MLT on MILC Platform:

• Provide Liquidity: Start by providing liquidity to the MLT/BNB Trading Pool on Pancakeswap to obtain LP-Tokens.
• Stake Your Tokens: Stake your MLT-BNB LP tokens on MILC Staking Platform to start earning attractive rewards.

Stay tuned for comprehensive guides on both of these steps, ensuring a smooth and rewarding staking experience.

As you can witness, the MILC Platform is buzzing with activity, and November is poised to be an exhilarating month. We’re immensely thankful for our robust and enthusiastic community of #MILCians. Our commitment extends to elevating security, fostering progress, and enriching your $MLT experience. Brace yourselves for a series of astonishing updates, and a heartfelt thank you for joining us on this remarkable journey!

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.

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