Question 1

What is MiL.k (MLK)?

Accepted Answer

MiL.k is a blockchain-based platform that aims to integrate customers from various service companies in industries such as travel, leisure, fashion, culture, and lifestyle. It functions as a unified system that tokenizes mileage points from different services, allowing users to trade them interchangeably. The platform gathers small amounts of spread mileage points from different services and enables users to trade these points as needed. By leveraging blockchain technology, MiL.k enhances the reliability and credibility of mileage point transactions, making them more secure and efficient.

Question 2

What is $MLK used for?

Accepted Answer

$MLK is the cryptocurrency of the MiL.k platform and serves as the medium to integrate and trade Brand Tokens from different service companies. There are two types of tokens on the platform: Brand Tokens (tokenized mileage points issued by service companies) and $MLK. Users can acquire $MLK through various means: earning it by selling their Brand Tokens on the platform, purchasing it from external crypto exchanges, or receiving it through individual transfers from other users.

The platform utilizes Luniverse's BaaS (Blockchain as a Service) platform and operates with a main chain and side chains structure. Transactions, usage, and transfers on the platform occur on Hyperledger-based side chains for improved performance. Additionally, connecting to external crypto exchanges is facilitated through Luniverse's main chain, enhancing confidentiality and stability. The use of Hyperledger Fabric, a permissioned blockchain framework, further ensures the platform's reliability and scalability.

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