MILK IT V3 ($MILK)

FORENSIC REAL-TIME SCAM DETECTION

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New scam tokens are launched every few seconds and scammers are becoming increasingly sophisticated when duping unsuspecting investors.

The goal of M.I.L.K (Machine Intelligence Launch Knowledge) is to develop, train and deploy the world's most accurate, real-time, chain agnostic blockchain fraud detection algorithm.

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OVERVIEW

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We all know how it feels to get scammed on crypto projects. That sinking feeling when you realise the token cannot be sold, or the frustration when you see a token dump to zero in a single red transaction. We have been there more times than any of us care to remember.

M.I.L.K. Machine Intelligence Launch Knowledge aims to be the most accurate early warning system in the crypto space. Using state-of-the-art machine learning, MILK IT will examine all new tokens to train our proprietary AI model to deliver instant super-human scam detection in real-time.

In order for the machine learning model to be considered forensic, ie. court admissible:-

  1. The confidence interval must exceed 95%
  2. The algorithm must be human interpretable

Once a baseline for model accuracy has been established, the application development will begin while product-market fit is tuned. A data science contest will be initiated on the Kaggle platform. The Kaggle contest will be incentivized by a cash prize.

What is a Kaggle contest? Think Netflix Prize but for blockchain fraud detection.

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tokenomics

TOKENOMICS

tokenomics
Total Supply 1,000,000,000,000,000
Buy Tax 8%
Sell / Transfer Tax 10%
Initial Burn 90% of total supply
Burn Rate 2% of tax
Liquify LP 18% of tax
Marketing 40% of tax
Research & Development 40% of tax

The web application and API will have multiple tiers of usage. The application will provide free and paid usage tiers. Paid tiers will require the user to connect their wallet while holding a dollar amount of MILK IT Tokens, the specific value and usage limits are to be determined.

MILK application and API users will be required to buy MILK tokens, removing them from circulation as a function of usage.

Multiple paid tiers will be provided with discounts for high volume API users to encourage third party developers, centralized exchanges, token listing sites and other power users to build MILK IT into their products.

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BURN & LOCK

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TOKEN BURN & LOCK

90% of MILK V3 tokens were burned compared with 99.0925% of MILK V1. This is to ensure sufficient tokens remain available for Centralised Exchange (CEX) Listings.

The tokens are locked by DXLock for 2 years, to be unlocked in 26 vesting installments, one every 28 days to meet the estimated CEX listing schedule. These tokens are reserved exclusively for exchange listings, in line with the roadmap.

LP LOCK

85% of the liquidity Pool (LP) is locked by DXLock for initially 3 months.

The V3 contract auto-liquifies the pancakeswap LP from transaction tax at a rate of 18% of each taxable transaction.

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dao

DAO & CORPORATE

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MILK IT Token is 100% community driven. Project decisions are made by the community. This will be formally engineered into a DAO system to ensure the integrity of the democratic process. The DAO implementation can be found in Phase 3 of the roadmap.

INTELLECTUAL PROPERTY

The DAO will own any proprietary IP, machine learning model, brand, etc. and will be responsible for organisational appointments and technological infrastructure.

KYC & DOX

Full dox and company incorporation will be required in Phase 5 in order to pursue business relationships with regulated corporate and public sector, government entities.

MILK IT INC or LLC will be required to act as an interface between the DAO and these 3rd party entities due to corporate and government KYC and due dilligence requirements.

The future corporate entity will be assigned its remit and responsibilities by the DAO in Phase 5 of the roadmap.

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MILK IT V3 ($MILK) token is only available on PancakeSwap on the Binance Smart Chain.

Token address

0x8599b283d7e584a8c0dee4483122332a4b6fa3e1

MILK IT token will be listed on Centralised Exchanges in later phases, see roadmap for details.

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nfts

NFTS

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An NFT collection will be launched which can be staked to earn MILK IT - details of NFT utility will be detailed in the white paper once the mechanics and economics are agreed and formalized.

Potential avenues for consideration include but are not limited to:-

  • An NFT airdrop to reward long term MILK IT holders.
  • Primary and secondary NFT sales may provide additional revenue to support the project delivery and infrastructure.
  • Staking NFTs to earn MILK IT tokens.

More details will be provided in the White Paper.

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dao

ROADMAP v1

roadmap

In order to ensure the community remains focussed, positive and maintain a 'no passenger' culture, the milestones are given as 'holder count bands'. Our community is collectively responsible for the healthy growth of the project.

Holder counts and daily trading volume inform the community of any required tax adjustments which will ensure the treasurey is able to meet and exceed the costs of delivering each phase of the project.

The roadmap may be altered or ammended based on the will of the community.

PHASE 1

0-500 holders

  • Establish core community, telegram group, awareness team.
  • Develop brand and brand guidelines.
  • Identify & test marketing partners, influencers, token callers.
  • Confirm AI research partnership.
  • Build promotional website.
  • Optimise website for SEO.
  • Optimise website for social media.
  • Migrate to V2 token contract.
  • List on Coinmerge.
  • Organic growth via relentless awareness campaigns.
  • Establish business plan and marketing plan.
  • Commence data aggregation for a supervised classification ML
  • Deliver sample data for exploration by AI research team.
  • Confirm commercial agreement with AI research team.
  • Commence Voice Chat with community representitives.
  • Formally appoint community and social media managers.
  • Migrate to V3 token contract.

PHASE 2

501-1,000 holders

  • Apply for Coingecko listing.
  • Apply for CoinMarketCap listing.
  • Deliver Milk It Lite Paper.
  • Grow the community and awareness teams.
  • Onboard diamond handed influencers.
  • Confirm 1st CEX listing.
  • Establish daily contests, voice chat, and twitter Spaces.
  • Grow the voice chat audiences
  • Localise marketing materials for Chinese, Arabic and other priority regions.
  • Develop a prototype data pipeline
  • Train and test initial benchmark machine learning models

PHASE 3

1,001-5,000 holders

  • Grow the community and awareness teams.
  • Onboard bigger diamond handed influencers.
  • Grow daily contests, voice chat, and twitter Spaces.
  • Additional CEX listings
  • Launch DAO governance.
  • Establish NFT mechanics and economics.
  • Appoint specialist marketing and PR agencies.
  • Appoint full-stack application development team.

PHASE 4

5001 -10,000 holders

  • Grow the community and awareness teams.
  • Onboard even bigger diamond handed influencers.
  • Grow daily awareness contests, voice chat, and twitter Spaces.
  • Appoint marketing and PR agencies.
  • Launch NFT project
  • Appoint full-stack developer.
  • Confirm minimum of 3 additional CEX listings.
  • Begin development of prototype application tune product fit
  • Deliver Milk It White Paper.

PHASE 5

10,001-25,000 holders

  • Appoint international B2B marketing agency.
  • Appoint B2B sales director.
  • Appoint full-time data engineer / ML developer.
  • Establish marketing partnerships.
  • Establish KPIs for application success.
  • Establish PR strategy targetting data science and machine learning community.
  • Plan Kaggle contest data and criteria.
  • Announce Kaggle contest and prize money.
  • Run Kaggle contest, evaluate winner(s) / award prize(s).
  • Deploy winning algorithm to production cluster.
  • Load test and establish performance KPIs.
  • Develop API backend & usage interface.
  • Full dox, appoint company directors, company incorporation.

PHASE 6

25,000-50,000 holders

To be confirmed in roadmap V2

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