Question 1

What is the relationship between MiL.k and MLK?

Accepted Answer

MiL.k is a platform that integrates reward points from partner brands, and MLK (Milk Coin) is a utility token used on the platform for exchanges and marketing rewards. Its core role is to act as an intermediary between different partners’ points: users can convert eligible partner points into MLK, then use MLK to exchange for points supported by another partner. Therefore, MLK is not the points of any single partner brand, nor is it equity in the company operating the platform. In this model, it connects points that would otherwise be used separately across different service systems through one unit exchangeable within the platform; the actual types of exchangeable points and scope of services still depend on the partners and arrangements available on the platform at the time.

Question 2

How does MLK connect points from different partner brands?

Accepted Answer

The basic path for a points conversion is “partner points → MLK → another partner’s points.” A user first processes partner points that are connected to the MiL.k platform and meet the exchange conditions; once those points are converted into MLK, MLK can serve as an intermediary to exchange for other partner points supported by the platform. Whether the conversion can ultimately be completed depends not only on holding MLK, but also on whether points at both ends are connected, whether that exchange is open at the time, and the conditions set by the platform. This path means users do not need brand A and brand B to establish a direct points-swap relationship with each other; MLK connects them as a common unit instead. However, the project’s business paper does not guarantee that the platform will provide a fixed quantity, quality, or range of goods and services, so holding MLK should not be understood as an unconditional redemption right for any particular points, discount, or service.

Question 3

What does blockchain specifically do in MiL.k points exchanges?

Accepted Answer

In MiL.k’s design, blockchain primarily provides the infrastructure for recording and verifying multi-party points transactions; it does not replace the points rules of partner brands themselves. The platform synchronizes data with connected partner brands. When a points transaction occurs within the platform, the relevant transaction is written to the blockchain ledger and shared with the issuer of those points. This arrangement lets participating parties jointly verify the record of “which points conversion the user made”: partner brands remain responsible for their own points systems and services, while the platform uses a shared ledger to preserve transaction records. This provides a basis for exchanges, settlement, and consistent records among multiple independent service providers. It does not mean that an on-chain record itself guarantees an exchange will be open or that any service will be supplied.

Question 4

Does holding MLK represent an interest in the MiL.k platform?

Accepted Answer

No. MLK is a utility token; the project’s business paper explicitly states that the token does not grant holders any equity, shares, debt claims, beneficial interests, securities rights, or rights to participate in the operation of the platform business. This also means a holder cannot claim dividends, profit distributions, a right to request disposition of profits, or voting rights merely by holding MLK. The platform may conduct cooperative marketing or distribute MLK rewards to participants, but those activities cannot be interpreted as giving MLK holders ownership of the platform or a fixed return.

Question 5

Why did MLK migrate to Arbitrum One, and what did the migration change?

Accepted Answer

MiL.k completed its mainnet migration from Luniverse to Arbitrum One on April 10, 2025, at 18:00 (KST); MiL.k services on Arbitrum One have been provided since App 3.0.0. This was not simply a change to the displayed network name: both the network on which MLK exists and the wallet addresses used by users changed as a result. Before the migration, MLK used the Luniverse network; after completion, it is used on Arbitrum One. For the MiL.k App and exchange channels that supported the migration, the official notice stated that assets would be moved to the new network. However, assets in personal wallets or exchanges that did not support migration do not automatically become usable at any address because of a network upgrade; holders need to follow the network-migration process specified by the project.

Question 6

How should old-network MLK in a personal wallet or an exchange that did not support migration be handled?

Accepted Answer

Before transferring MLK to the MiL.k App, an exchange, or a personal wallet, first confirm that the recipient supports the Arbitrum One network and that the address is a new address created after the migration. The official notice explicitly warned that sending assets to an old Luniverse address after migration could cause irreversible asset loss; therefore, being the same MLK does not mean an old-network address can still receive it directly. If assets were held in a personal wallet or an exchange that did not support migration, the official process was to enter an Arbitrum One-compatible receiving address on the dedicated migration page and obtain a system-assigned Luniverse collection address; deposit MLK on the Luniverse network into that collection address; then, after the deposit is confirmed, the project sends the migrated assets to the entered Arbitrum One address. Each step exists to identify the old-network assets first and then confirm the new-network receiving address; the network conversion cannot be skipped by depositing directly into the app or an exchange.

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