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About Million
Key Points:
- Million is a decentralized digital currency with a fixed supply of 1 million tokens.
- It is pegged to USDC, but can be worth more and has no upside limit.
- Founder TechLead claims to have backed up the supply with his own $1 million.
- Million has been launched on Ethereum and Binance Smart Chain.
- It has been listed on Pancakeswap and Uniswap V3.
- Trading began on July 13, 2021, and reached an all-time high of over $200.
- As of August 2021, TechLead’s YouTube channel has over 1 million subscribers
About Million: Empowering a New Era of Cryptocurrency Trading
Introducing Million (MM): A Comprehensive Overview
Million, a self-proclaimed “Decentralized Digital Currency for Millionaires by Millionaires,” is an intriguing social experiment conceived by its founder. With a fixed supply of one million tokens, Million boasts a unique value proposition: limited downside risk coupled with unlimited upside potential. Notably, its founder has pegged Million to USDC, ensuring that its value will never dip below 1 USDC. Unlike traditional stablecoins, however, Million’s value can appreciate indefinitely, unhindered by an upside limit.
In its roadmap, Million outlines ambitious plans to deploy on all major blockchains and forge strategic partnerships with other projects, although the specifics of these collaborations remain to be seen. The project also promises to unveil innovative non-fungible tokens (NFTs) in collaboration with esteemed digital artists. Furthermore, Million aims to list on additional exchanges in the coming months and enlist the support of influential celebrities to promote the token. If the project achieves a market capitalization of $1 billion, it will celebrate with a lavish “jacuzzi bar super party”.
The Visionaries Behind Million: A Founding Story
Million was founded by TechLead, a renowned YouTuber, whose real name is Patrick Shyu, a US-based software developer and former software engineer at Google and Facebook. Prior to launching Million, he had a stint at Google from 2014 to 2018, during which he created videos about his experiences of getting hired and eventually leaving the tech giant. Subsequently, he worked at Facebook for a year before allegedly being terminated due to his YouTube channel.
He launched his YouTube channel in February 2018, and by August 2021, it had amassed an impressive following of over 1 million subscribers. Shyu boasts of being a multimillionaire, although the exact figure of his net worth remains undisclosed. In a YouTube video, he offered a detailed breakdown of his influencer income: AdSense generated $158,000; Tech Interview Pro yielded a substantial $800,000 to $1,000,000; YouTube backstage brought in approximately $10,000 per month; and affiliate and sponsor commissions ranged from $50,000 to $100,000 per annum.
Unveiling the Unparalleled Excellence of Million
Million defies categorization as a classic meme coin, yet it cannot be regarded as a conventional cryptocurrency either. While its founder, TechLead, prefers to describe it as a social experiment and an opportunity, others have been more skeptical, labeling it a scam. The significant price surge of Million was largely attributed to TechLead’s substantial following, which was further fueled by its prominent feature in crypto news outlets and lively discussions on Twitter.
The most intriguing aspect of this scenario is that TechLead allegedly backed the initial supply of Million with a substantial investment of $1 million from his own pocket. Furthermore, he has made a bold promise to personally guarantee the peg of Million, ensuring it will never plummet below the 1:1 parity with USDC. Nevertheless, a chorus of skepticism has emerged from other YouTubers and Twitter users, who accuse him of deceiving buyers with these claims.
A prominent YouTuber, Coffeezilla, boasting a substantial following of 600,000 subscribers, released a video that sparked controversy by alleging, based on blockchain transaction analysis, that TechLead had invested a mere $50,000 of his own capital and was siphoning liquidity from the pools. TechLead vehemently denied these claims. Nevertheless, it is imperative for investors to exercise caution, conduct thorough due diligence, and form their own opinions before investing in a potentially volatile currency. Meanwhile, Million has undoubtedly garnered significant attention with its distinctive token design.
What Is the Circulating Supply of Million (MM) Coins?
The total supply of MM is capped at 1 million, rendering it deflationary, as the circulating supply will never exceed this predetermined limit.
The Million Network’s Robust Security Framework
Initially, Million debuted on Ethereum as an ERC-20 token, but it has since expanded its presence to Binance Smart Chain (BSC), where it exists as a BEP-20 token. Notably, it has successfully undergone a rigorous smart contract audit by Certik, a renowned auditor for a diverse range of tokens.
ERC-20 has emerged as a ubiquitous token standard among newly minted tokens. Ethereum boasts the most extensive and robust developer network across all blockchains, earning its reputation as one of the most secure blockchain platforms, renowned for its smart contract capabilities. The network’s security is underpinned by a proof-of-work consensus mechanism, which necessitates the mining of new Ether by miners. A decentralized network of nodes validates transactions, thereby ensuring the integrity and security of the Ethereum blockchain.
The Binance Smart Chain (BSC) is fortified by the proof-of-stake consensus mechanism, which ensures the integrity of the network. Every 24 hours, a cohort of 21 validators is elected to validate transactions and safeguard the blockchain’s security. To be eligible for this role, these validators must stake a predetermined amount of BNB coins with Binance, thereby demonstrating their commitment to the network’s stability.
When Will Million Trading Commence?
Million commenced trading on July 13, 2021, and swiftly surged to an all-time high of over $200 within a remarkable 24-hour period. However, it has since been mired in a steady downtrend, with its value currently hovering around $40, a precipitous decline just a month after its launch.
Where to Acquire Million (MM) Tokens?
Million is now accessible for trading on esteemed decentralized exchanges, notably Pancakeswap and Uniswap V3.
For those interested in delving into the world of cryptocurrency investment, we invite you to explore our comprehensive guide, which provides a step-by-step introduction to getting started with buying cryptocurrencies.
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