Million

Purpose and Utility

Million (MM) is a cryptocurrency token launched in 2023 that aims to become a decentralized reserve currency. The project claims to implement a unique automated market maker (AMM) protocol designed to maintain price stability through algorithmic mechanisms.

Business Model

The project operates through a system of token bonding and automated liquidity provision. The core functionality revolves around treasury management and protocol-owned liquidity, similar to other reserve currency protocols.

Real-World Adoption

The token has seen limited adoption outside of trading activity on decentralized exchanges. The primary use case currently appears to be trading and speculation rather than functioning as a reserve currency.

Platform Development

The project maintains an active GitHub repository and has implemented several protocol upgrades. The development team appears to be regularly working on improvements to the system's core mechanisms.

Token Distribution

The token distribution includes allocations for the team, development fund, and public sale participants. Specific vesting schedules are in place for team tokens to prevent immediate selling.

Technical Implementation

The protocol operates on the Ethereum blockchain and utilizes smart contracts for its core functionality. The system does not involve interest-bearing mechanisms or lending protocols.