What does Military.Finance & MIL crypto claim to do?

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 What does Military.Finance & MIL crypto claim to do?
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Highlights 

  • Finance claims to use blockchain tech to help veterans and fund related causes
  • The MIL token of the project has a very low trading volume, and extreme caution is necessary.
  • The project claims DAO features, where donors can use the MIL token to manage donations

Cryptos made noise during the early days of the Russia-Ukraine war. The Ukrainian government sought donations in crypto assets like BTC and Ether. Reports suggest the country could raise tens of millions of dollars through this effort.

Proponents say this establishes a utility of blockchain-powered currencies, which can supposedly flow faster and with lesser costs. Now, one project seems to be extending this idea further to take it to war veterans. But before we know more about it, let’s also not forget that tens of thousands of blockchain-based currencies are already floating in the market, and hence, caution is the key for enthusiasts.

Military.Finance cryptocurrency project

The project claims to work for veterans and first responders by harnessing the potential of blockchain technology. On its website, it projects itself as a “movement”, which challenges the traditional approach to helping veterans with things like mental health issues.

Military.Finance appears to be a community-focused project, where like-minded people would use decentralized ledger tech to donate as well as manage how these donations flow. DAO or decentralized autonomous organization features underpin the arrangement, with the project declaring that approvals would be sought from the users before finalizing how funds flow toward a cause.

Military.Finance crypto

At the heart of this blockchain donation project is its native token MIL. The token would enable voting by users to decide on which cause to support. There are two choices available -- MIL BNB, and MIL ETH. The latter is said to be trading on PancakeSwap.

Also read: MANA, SAND & AXS: Top 3 metaverse tokens by market cap

Military.Finance crypto price

The MIL token does not feature in the top cryptos by market cap as of now, and the 24-hour trading volume of the crypto is also very low as compared to biggies like Bitcoin.

That said, the token was trading at nearly US$0.000002 as of writing, with its 24-hour trading volume and price data both in the green. CoinMarketCap data suggests that the token price surged to nearly US$0.00002 on February 20 this year before dropping back to the previous levels.

Also read: What is Anchor Protocol DeFi crypto & its ANC token?

That said, the token was trading at nearly US$0.000002 as of writing, with 24-hour trading volume and price data both in green. CoinMarketCap data suggests that the token price surged to nearly US$0.00002 on February 20 this year before dropping back to the previous levels.

Military.Finance crypto’s price prediction is not possible as its trade volume is very low and it may be influenced by a small number of traders.

Military Finance crypto price

Data provided by CoinMarketCap.com

Also read: Suncor (SU) & TC Energy (TRP): 2 TSX stocks to watch as oil prices rise

Bottom line

Over the past 24 hours, big cryptos like BTC, BNB and ETH have gained. But all cryptos, regardless of their market cap, are vulnerable to sharp rises and falls.

The MIL token doesn’t feature in the top cryptos, nor is its trading volume high. The Military.Finance project is claiming support to veterans through causes that are voted upon by the users.

This may attract enthusiasts, but things might become clear with time, and until then, caution is extremely important. The token may be trending of late because of the ongoing conflict in Ukraine.

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