Milk Token is the token with the following use cases:
- Rewarding CashCow Staking Pools Users (Milk Farm, Milk Bar and NFT Staking)
- Minting CashCow Collectible NFTs
- NFT Market Currency
- Minting Cow NFTs and Bull NFTs by Breeding in CashCow Farm.
$MILK tokenomics are totally different compared to CashCow Token.
As CashCow are able to produce infinite milk, $MILK will have infinite supply, but will have a burning mechanism in which part of all $MILK used on the NFT Marketplace will be burned.
*The Blocks per day parameter is set up by the BNB Chain, an can be considered a constant of 20 (Blocks Per Minute) * 60 (Minutes Per Hour) * 24 (Hours Per Day) = 28800 BlocksPerDay.
The current emission rate is 30 MilkPerBlock, and was decided by the community through the CashCow DAO Governance in proposal #1. Historically, there are three periods of MILK minting according to their emission:
1 - At the launch of the Staking DApp (October 22, 2021), the emission rate was 90 MilkPerBlock.
2- The emission rate was halved (November 23, 2021) and will remain at 45 MilkPerBlock until the community proposes to change it through CashCow DAO Governance.
3- Reduction of MilkPerBlock through CashCow DAO Governance in proposal #1. The MILK emission rate has been reduced from 45 to 30 MilkPerBlock.
In the future, a CashCow Farm Pool will be created for minting the MILK that will be produced by Cows NFTs, but this won't impact the emission schedule of Staking Pools.
There are many ways to get or earn $MILK