Milo is a Farcaster-native gamified hybrid DeFi/NFT project that aims to be the de facto dog token on Base. The project combines the $MILO fungible token with 1000 generative BabyMilo NFTs with hand-drawn traits for guaranteed uniqueness.

The $MILO token has a MAXIMUM supply of 1 billion tokens.

Distribution of these tokens will happen via the following mechanisms:

$MILO tokens will be available on the Base network via an in-frame mint or by sending ETH to the smart contract address. 40% of the supply has been allocated for distribution via this mechanism. Distribution will continue until all available $MILO has been minted.

A linear pricing curve will be applied.

The official liquidity pool will be opened once 37.5 $ETH is raised (roughly around the 157.20 million $MILO mark). Ether will be added alongside $MILO in strategic tranches to ensure the preservation of the market and combat bot activity.

Any additional funds raised will be allocated to the Treasury.

The Milo project is a successor of the original DiviDoge project with a refreshed team and overhauled tokenomics. To maintain a strong bond with the existing community without creating negative incentives for newcomers, $MILO will be redeemable on a compression curve. The outcome will still enable top holders to retain a significant advantage in the minting games while maintaining an equitable playing ground for smaller holders and new entrants.

For those migrating from the previous $DVDOGE token, please take note of the following:

• The claims will take place over 30 days.

• Up to 10% of the total $MILO supply will be redeemable.

• The original $DVDOGE team will not claim any $MILO, which accounts for roughly 8% of the total supply.

• Unredeemed $MILO will be available through the token sale.

• The redemption compression curve is designed as follows:

  Amount of $DVDOGE held	Redemption ratio ($DVDOGE to $MILO)
  ≤600 000	1:1
  1 000 000	1.16:1
  2 000 000	2:1
  4 000 000	3:1
  20 000 000	8:1

8 million $MILO are earmarked for participants in the Based Puppy Quest campaigns. These quests helped participants learn about the project and provided each participant with a Based Puppy NFT, which can be redeemed for 10,000 $MILO tokens during the TGE.

As of this writing, 723 NFTs have been minted (7,230,000 $MILO). If the remaining 770,000 $MILO are not claimed before TGE, they will be offered as part of the Token Sale.

BabyMilo owners can “leash” their NFT to earn staking rewards in $MILO. This emission curve enables holders to recover a portion of the $MILO they spend adopting their BabyMilo.

While $MILO is a token, the intention is for players to come and join the community for the game, not for the speculative value of the token. Additionally, meme coins are massively multiplayer PVP games in and of themselves. Further, the game will likely launch before the LP, assuming the 37.5 $ETH is raised after the first week of TGE.

Hence, much like multiplayer games employ Anti-Cheat Software, we employ Anti-Jeet Software to ensure an even and equitable playing ground for all participants.

The Anti-Jeet mechanics will be enabled only after launching the official liquidity pool.

Rogue liquidity pools (i.e., pools set up external to the official Treasury) will be taxed harshly. Again, since the token will be available and transferable before the launch of the official liquidity pool, this mechanism is an effort to ensure a fair and equitable launch and ongoing game mechanics.

Official LPs can be exempt from any taxation. All others will incur a 50% buy-and-sell tax in perpetuity. Any fees collected from these rogue actors will be reallocated to the Treasury.

$MILO’s primary utility is playing the in-frame minting “game.” Users lock a minimum of 200,000 $MILO for at least one epoch (roughly one week), and each week, a provably fair selection algorithm runs to select ten (10) lucky minters to adopt a BabyMilo NFT.

Each BabyMilo NFT costs 200,000 $MILO tokens.

Regardless of how much $MILO is locked, only 200,000 $MILO will be removed from the player’s balance if they successfully adopt a BabyMilo.

BabyMilo supply is fixed at 1000 Genesis NFTs.

The first 100 BabyMilo NFTs will be distributed via an in-frame mint to those granted access to the whitelist. Whitelist members include OG members of the community and selected Farcaster-native communities, including:

• Farcaster OGs

• Degen Haberdashers

• Proxy Studio

• DVDOGE Holders (pre-snapshot)

• Twitter comment WL

• Onchain Gaias

• Outcasts

• Swatches

• DIVI holders

• FID <30k

All players, regardless of whether or not they hold a whitelist spot, must hold and lock a minimum of 200,000 $MILO tokens.

Players can adopt a BabyMilo once per epoch (roughly one week).

Players can leash more than the minimum $MILO (200,000), increasing their chances of minting. However, only 200,000 $MILO will ever be spent on the mint.

Once a player adopts a BabyMilo, the 200,000 $MILO mint fee is burned.

BabyMilo owners can stake their NFTs to earn more $MILO, effectively reducing the overall cost of minting by roughly 20% over 1.75 years.

We are on-chain maxis and will continue to produce more fun and exciting on-chain, in-frame games in which BabyMilos will participate.