MILC is a media platform,and just like any other ICO, it will need funding from the community. Budgeting is also essential if any massive company is going to succeed in anything. MILC is definitely the next big thing for the media industry especially with its final launching happening in 2019. By this time, most people will already want to join the platform after the mass awareness programs being held.
Speaking of how to fund the platform, the community has been involved in the road map which started in early 2018. Well, through being involved in series (long hours movies) funding, MILC aims at boosting their license stock of the media platform and in general improving the platform trading laws. Let us look at how MILC developers have distributed their budget and which sectors community funds are going to work on.
Budgeting
1) Expansion and Video Platform Launch Costs
For at least 6 months, MILC plans to extend the development process. The video platform has already been established and launched,and now the developers think it is a good idea to expand the video platform and touch on areas like design and interface. To top it all up, the developers have thought about a phase test which will scrutinise the platform and be combined with the smart contract payment structure. Through this, many people will consider joining the MILC media platform.
2) Platform Operations
The MILC platform does a lot of things for all parties involved. Therefore, operation costs should be included in the budget. Downloads and uploads fall on the hands of the platform not to mention the smart contract feature which applies for every payment which is made on the platform. The requirement of the contracts between buyers and sellers is also a responsibility of MILC. When problems develop, platform users depend on the developers to offer help,and this can only be done if customer support providers are involved. All these among other functions are managed by the MILC platform. There is, therefore, the need to make a budget which can support the platform for the next 12 months.
3) A Block chain Programming Budget
You never thought block chain was free of charge,did you? Well, the team behind the MILC platform is involved in developing the technology to run the transactions on the platform. The block chain is required to be kept up to date and maintain international standards. This also includes managing smart contract payment feature.
Where Does Community Funding Go To?
Out of 40 million tokens contributed by the community, MILC found it worth to distribute them on some sectors depending on their needs. The co-production sector has received 19 million tokens which are the largest share. Other sectors include sales which have been distributed into various regions of the world.
Europe is the first area to receive funding am guessing because Germany is one of them. The rest which follow include the American region followed by Asia. The other regions have found themselves in the rest of the world category.
Block chain development is also in the calculations and has a few tokens allocated to it. Block chain development and creation of a video platform have the smallest amount of allocation.
With such a comprehensive budget and funding plan, MILC should prove to you as a good platform to buy and sell content.
Website Link : https://www.milc.global
whitepaper Link : https://welt-der-wunder.s3.eu-central-1.amazonaws.com/ico/pdfs/ICO_WhitePaper_WdW_EN.pdf?cache=7
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