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The Media Licensing Token (MLT) is a cryptocurrency used on the Media Industry Licensing Content (MILC) platform, a Metaverse that connects professional and non-professional media content providers with a global community. MLT serves as a medium of exchange, contract-signing currency, and revenue-sharing method, facilitating transactions and interactions within the platform.
The Media Licensing Token (MLT) is the native cryptocurrency of the Media Industry Licensing Content (MILC) Platform. It is used as a medium of exchange and operates as a contract-signing currency within the platform. MLT's main utility is to simplify the licensing process by removing the need for complicated or time-consuming procedures. It facilitates contract signature, approval, and payment, making it a convenient solution for the media industry.
In the MILC Platform, MLT is used to incentivize buyers and vendors to accept it as a payment method. Discounts and surcharges are offered to encourage the use of MLT, which helps to streamline transactions within the platform. Additionally, MLT provides a revenue-sharing method for passive income opportunities across the entire Metaverse and ecosystem.
To securely store your MLT tokens, consider using a hardware wallet. Hardware wallets are physical devices designed to store your tokens safely. They provide an additional layer of security compared to digital storage methods, ensuring your MLT tokens are protected from unauthorized access.
To buy Media Licensing Token (MLT) tokens, follow these steps:
Choose a Crypto Exchange: Select a reputable cryptocurrency exchange that supports MLT, such as gate.io and MEXC. Ensure the exchange accepts customers from your country and offers the necessary trading features for your needs.
Create an Account: Register a free account on the chosen exchange. You will need to provide personal information, including your name and email address. Some exchanges may require KYC verification to increase withdrawal limits and unlock additional features.
Deposit Funds: Deposit funds into your account using a credit or debit card, or transfer cryptocurrencies from another wallet. The specific deposit methods may vary depending on the exchange.
Place a Buy Order: Navigate to the MLT trading pair and place a buy order. You can set the amount of MLT you want to purchase and the price you are willing to pay. Once the order is executed, the MLT tokens will be added to your exchange wallet.
Store Your MLT: For long-term storage, consider transferring your MLT tokens to a secure, personal wallet. This will help protect your investment from potential exchange security breaches.
Monitor Your Investment: Keep track of your MLT investment performance by regularly checking the token's price and market trends. This will help you make informed decisions about buying, selling, or holding your MLT tokens.
By following these steps, you can successfully purchase and manage your Media Licensing Token (MLT) investment.
The history of Micro Licensing Coin (MLT) is not extensively documented, but here are some key points:
- Initial Offering: MLT had an Initial Coin Offering (ICO) with a rating of 8.4 out of 10, indicating a relatively successful fundraising event.
- Trading: MLT tokens are traded on decentralized exchanges like PancakeSwap and Uniswap V2, as well as centralized exchanges like Gate.io. The token's trading volume and market capitalization are tracked by CoinGecko.
- Price Performance: MLT's price has experienced fluctuations, with an all-time high of BTC0.00001280 on November 30, 2021, and an all-time low of BTC0.00064545 on July 31, 2021. The current price is significantly lower than the all-time high.
- Market Capitalization: The market capitalization of MLT is calculated by multiplying the token price with the circulating supply, which is currently 150 million tokens. The fully diluted valuation assumes a maximum of 200 million tokens in circulation.
While there is no detailed history of MLT's development or milestones, its market performance and trading data are available through various cryptocurrency tracking platforms.
The Media Licensing Token (MLT) is a cryptocurrency designed to facilitate the licensing of media content within the Media Industry Licensing Content (MILC) platform. This platform aims to create a blockchain-driven marketplace where content creators and buyers can interact directly, eliminating the need for intermediaries. Here's how MLT works:
Key ComponentsMetaverse Platform: The MILC platform combines virtual reality, blockchain technology, and artificial intelligence (AI) to create a comprehensive ecosystem for the media industry. This platform bridges the gap between content producers and their audiences.
Community: The community aspect of MILC focuses on establishing open communication among all participants within the ecosystem. This includes content creators, buyers, and other stakeholders.
Project: The project's primary goal is to address the challenges faced by the global media industry, such as global content availability, buyer discovery, complex licensing, and early audience feedback.
Content and Media Hub: The Content and Media Hub is a marketplace where sellers and buyers can execute transactions. It handles various aspects, including offering, marketing, rights management, contracting, and delivery of content in various technical formats.
Tokenized Micro-Licenses: MLT tokens are used to remove the need for complicated licensing procedures. Each token contains an embedded license with programmable terms (smart contracts) and human-readable (legal) terms. This allows for flexible and customizable licensing agreements.
Revenue Sharing: MLT tokens can provide a revenue-sharing method for passive income opportunities across the entire Metaverse and ecosystem.
Contract Signing: MLT tokens are used as a contract-signing currency, ensuring transparent and secure transactions.
Discounts and Incentives: Discounts and surcharges are implemented to incentivize buyers and vendors to accept MLT as a payment method within the platform.
Token Supply: The maximum supply of MLT tokens is capped at 200 million.
Blockchain: MLT operates on the Binance Smart Chain (BSC) and is listed on several exchanges.
Wallets: MLT can be stored in various wallets, including the Coins Mobile App.
- Explorers: Transactions can be tracked on explorers like Etherscan and BSCScan.
The founder of the MILC project is Hendrick Hey, who serves as the Managing Director. The project is under development and supervision by Welt der Wunder TV (World of Wonder TV), an independent entertainment TV network based in Germany and Switzerland.
In summary, the Media Licensing Token (MLT) is a cryptocurrency designed to streamline the licensing process for media content within the MILC platform. It uses tokenized micro-licenses to provide flexible and customizable licensing agreements, ensuring transparent and secure transactions.
The strengths of the Media Licensing Token (MLT) include:
- Platform Usage: The demand for MLT tokens is expected to increase as the MILC Platform grows, which could lead to higher token value and usage.
- Direct Access: MLT provides users with direct access to content creators, allowing them to participate in the production chain more actively.
- Token Burns: A portion of MLT tokens used for purchases on the MILC Platform are burned, which can help reduce the token supply and potentially increase its value.
- Buybacks: MLT tokens are bought back from the market when purchases are made with fiat currency, which can help stabilize the token's price.
- Governance: MLT token holders have a say in platform upgrades and community actions, giving them a level of control over the platform's direction.
- Staking: MLT holders can earn interest on their tokens through staking programs, incentivizing long-term holding and supporting the platform.
- Diverse Use Cases: MLT is used for various purposes, including content licensing, governance, and staking, which can increase its utility and adoption.
- Metaverse Integration: The MILC Platform is a Metaverse that connects content providers with a global community, offering a comprehensive ecosystem for media professionals and users.
These strengths contribute to the overall value proposition of the Media Licensing Token and its potential for growth within the MILC Platform.
The financial risks associated with the Media Licensing Token (MLT) include:
Market Risks: MLT is exposed to market volatility, which can lead to significant price fluctuations. The token's value can drop due to various market factors, such as changes in supply and demand, regulatory updates, or broader economic conditions.
Liquidity Risks: MLT's liquidity is crucial for its market performance. If liquidity providers withdraw their support or trading volumes decrease, it can lead to price instability and make it difficult for investors to buy or sell the token.
Credit Risks: As a token, MLT is not backed by any traditional assets, making it vulnerable to credit risks. If the underlying project or its partners experience financial difficulties, it can negatively impact the token's value.
Operational Risks: MLT's reliance on blockchain technology and smart contracts introduces operational risks. Technical issues, such as bugs or hacks, can compromise the integrity of the token and its ecosystem.
Regulatory Risks: The regulatory environment for cryptocurrencies is still evolving and can be unpredictable. Changes in regulations or laws governing MLT's use and trading can significantly impact its value and adoption.
Cyber Risks: As a digital asset, MLT is susceptible to cyber-attacks, which can result in the theft or manipulation of tokens. Weak governance and security measures can exacerbate these risks.
- Concentration Risks: MLT's market capitalization and trading volumes are relatively small compared to other cryptocurrencies. This concentration can make it more vulnerable to market manipulation and volatility.
These financial risks highlight the importance of thorough research and due diligence before investing in the Media Licensing Token (MLT).
- Hendrik Hey: Founder & Managing Director
- Eugen Nussbaum: Business Director
- Esther Hey: Head of Sales
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