What Is Military.Finance (MIL)?
Military.Finance (MIL) is a token of the BEP-20 standards issued on the Binance Smart Chain. According to the whitepaper, the platform aims to provide financial and emotional support to veterans of the military after returning from the battlefield through direct donations and partnerships with individuals and organizations.
Veterans and first responders are often the first to risk their lives to enable opportunities in the future. To help ensure they have options that were unavailable in the past, the MIL community is ready to open new doors. Every community member can start making a real difference by trading MIL tokens. The MIL community claims to provide an opportunity that directly improves the lives of veterans and helps them overcome the barriers they face. MIL donations are claimed to be useful to help veterans seek permanent and stable housing.
The Military.Finance (MIL) token also claims to reward holders and provide charity to the members. PancakeSwap is a decentralized exchange (DEX) based on the Binance Smart Chain to exchange BEP-20 tokens. PancakeSwap allows the community to exchange their BNB for MIL. Once MIL reaches 5,000 holders’ donations, coins in their wallets are to be transferred according to the following specifications:
75% transfers to senior charities
15% for operating expenses
10% marketing to increase the value of the coin
If the donation wallet exceeds 5% of the liquidity pool, the remaining tokens are burned. Cryptocurrency burning is when a fraction of tokens is sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burnt to reduce availability and increase market value. The process of burning ensures that the market remains healthy and makes the coin deflationary. Decisions are taken by the MIL Fund DAO, which is a collective of individuals who hold stakes in MIL tokens. Together, the team decides which causes to support and decides the plan of action.
History of Military Finance (MIL)
The team members of Military.Finance include Brad Dahl, Shawn Burst, Mike Paine, Craig Stowe, and Jerrett Porter. The platform of Military.Finance was launched on May 10, 2021. The total supply of MIL tokens is 1 trillion.
