What Is 1Million (1MT)?

1Million Project is a community-driven platform that offers a 10 percent discount to 1MT token owners for using the services available on the 1Million project platform. 1Million token (1MT) is an ERC20 utility token of the 1Million Project platform that works on the Ethereum blockchain. Token owners can use the 1Million token for advertising and crypto gambling. Users can also trade the coin on a centralized exchange and decentralized exchange ((https://www.coinbase.com/learn/crypto-basics/what-is-a-dex#:~:text=A%20decentralized%20exchange%20(or%20DEX,occur%20directly%20between%20crypto%20traders.&text=A%20decentralized%20exchange%20(better%20known,occur%20directly%20between%20crypto%20traders)). Since May 2019, the platform has allowed users to gamble with the MT tokens in slots, dice, and roulette on various crypto gambling websites. 

Due to the compatibility of the ERC20 with Binance Smart Chain (BSC), 1Million Project aims to port the network to Binance Smart Chain from the Ethereum network. The platform also aims to offer rewards to the liquidity providers after generating the PancakeSwap pool (1MT/BNB) using the Unilock service. Unilock service is a rug-proof launchpad developed for projects that want to offer the customers a fair application.

According to its website, while allocating total token supply, the platform has allocated 150k tokens for trading of which 90 percent of the liquidity is locked, and 10 percent is used for advertising and marketing to keep reaching out to more users. Fifteen thousand and some untraded tokens are allocated to reward liquidity providers using farming dapps. 

History of 1Million (1MT)

Fabio Rodrigues is the founder and team leader of the 1Million Project (1MT). He is a blockchain enthusiast who deals with partners and organizes the social media and all the marketing for the project. Russ Mckay is an assistant and design artist of the 1Million Project network. Further, according to the website of the asset, the token of the platform has a total supply of 1Million (1MT).