MiL.k
Crypto Overview
Purpose and Utility
MiL.k is a blockchain-based loyalty point integration platform that allows users to convert and exchange various loyalty points from different companies within its ecosystem. The platform aims to solve the fragmentation and inefficiency in loyalty programs by creating a unified system where points can be freely exchanged.
Business Model
The platform operates by partnering with various companies in the travel, leisure, and lifestyle sectors. Users can convert their loyalty points from partner companies into MLK tokens and vice versa. The MLK token serves as the intermediary currency within the ecosystem.
Real-World Adoption
MiL.k has established partnerships with several South Korean companies, including Yanolja (travel platform), Jeju Air (airline), and Korean Air. The platform has shown consistent user growth and transaction volume in the South Korean market.
Platform Development
The project maintains active development and regularly updates its platform with new features and partner integrations. The team consistently releases updates about new partnerships and platform improvements.
Token Distribution and Governance
The token distribution includes allocations for the team, advisors, and strategic partners, with vesting periods in place to prevent immediate selling. The project maintains transparency regarding token allocations and uses.
Crypto Impact
To assign a comfort level investing in MiL.k from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to MiL.k.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.