Follow Us

MilkShiba’s MilkPad Release Spurs New Growth in the Cardano-Milkomeda Ecosystem

Share on facebook
Share on twitter
Share on linkedin

Share

Share on facebook
Share on twitter
Share on linkedin

Since its March 28th release, Milkomeda, the first of Cardano’s sidechains has experienced incredible growth, despite largely-inhospitable ongoing market conditions. Milkomeda’s greatest success insofar has been MilkShiba, a Titano-inspired rebasing project that drew the attention of Cardano investors by offering hearty rewards for whoever could swing the biggest buys, in addition to a seat at the “Milk Council” DAO if the investor remained the biggest buyer for 24 hours without being usurped. The blend of the two concepts proved fruitful, and within a week, the project became the biggest native token on Milkomeda; however, that was only the beginning for the project, which is now poised to be a mainstay in the Cardano sidechain.

With its market cap more or less stable from the volatility of previous weeks, MilkShiba is ready to roll out its “MilkPad” token launchpad–the first of its kind on Milkomeda–in the hopes of populating the Cardano DeFi space with even more innovative and prosperous projects. So far, the team at MilkShiba has given early confirmation of a couple of the projects set to be released through the MilkPad:

  • MooCoin, a MILK-based takeoff on the popular multi-chain DeFi platform PooCoin that aims to give users an advantage when dealing with fast, high-volatility plays
  • Aelia Protocol will be launching a DeFi-lending platform that allows users to leverage their already-owned Milkomeda tokens to maximize earning potential through interest

For now, the team behind MilkShiba retains that these are representative of early-stage projects that the MilkPad will feature. As it now stands, the MilkPad, though free collects fees from featured projects, and contributes those fees to the treasury, as well as using them for buybacks and burning. In MilkPad v2, holding MilkShiba tokens will allow potential investors exclusive first-round priority to MilkPad launches.

Plenty More Sleeves, Plenty More Tricks


Despite this undertaking, the development team has no plans to rest on their laurels anytime soon. “Our treasury is looking real healthy right now,” said a spokesman. “After the release of MilkPad v1, we’re going to release additional staking options for holders so they can earn more ADA rewards through us, in addition to their regular rewards that they get through the Titano-style rebasing mechanics. After that, we’ve got our NFTs ready to drop before the end of the month. The idea behind them is they’ll give access to an exclusive ShibTools toolkit: we’re talking charts, sniffers, bots… the things people want, that give ‘em an edge in the space.”

Purchase of MilkShiba is now available on the MilkShiba website, as well as MilkySwap Exchange. Follow Milkshiba on Twitter for updates and news, or connect with the MilkShiba community through Discord and Telegram.

Disclaimer: All investment strategies and investments involve the risk of loss. Nothing contained in this article should be construed as investment advice. Any reference to an investment’s past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

Leave a Reply

Your email address will not be published. Required fields are marked *

Download our App for getting faster updates at your fingertips.

en_badge_web_generic.b07819ff-300x116-1

We Recommend

Top Rated Cryptocurrency Exchange

-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00