What Is Million Token (MM)?

Million Token (MM) is a social media-driven memecryptocurrency that works on the DeFi system. The currency claims itself a ‘cryptocurrency for millionaires by millionaires.’ This decentralized cryptocurrency is pegged to the value of USDC and aims to keep on increasing with scarcity. 

Million aims to solve various issues like the problems that have affected the Ethereumblockchain, for example, high gas fees, slow speeds, and failed transactions. Further, it aims to solve teething issues with other coins. And lastly, it seeks to address the limitations of assets being on a single blockchain that doesn’t support scalability, PoW systems, and antiquated technologies.

As stated in the whitepaper, these issues can be overcome via this token as it seeks to offer features like the following:

• Built-in rarity: Million seeks to replace older technologies with a new standard of digital gold in cryptocurrencies.

• Transparency: Unlike others, Million is a project with a public face that  seeks to reduce the lack of transparency.

• Blockchain Agnostic: Million is accessible through more markets and exchanges, with benefits from the strengths of each blockchain.  

• Community Driven: Any person can join the Million blockchain and make their contributions to it as the power of the community is the means to the token's success. 

• Web3 Ready: Million is a next-gen Web 3.0 coin. This token uses technologies from different blockchain networks to support full Web3 smart contracts, such as staking, NFTs, and farming.

MM is an ERC-20 token of a Million ecosystem. Every MM token can be traded in fractional amounts of 18 decimal digits. Million is a decentralized governance platform that seeks to help token holders to attain voting rights and ownership in the community. Token holders can engage in this ecosystem by offering liquidity on various services. Engagement in the liquidity pools seeks to produce a source of wealth creation and fees payable to providers. Liquidity pools help users trade cryptocurrencies on decentralized exchanges (DEXs).

History of Million Token (MM)

Patrick Shyu (YouTuber TechLead) founded the Million token. The token was launched on July 1, 2021, on the Ethereum blockchain. Also, the project was audited within the same month of its launch by Certik Blockchain Security.

The maximum total supply of the Million token was 1,000,000 MM.