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Million
About Million
Million (MM) is a cryptocurrency with a fixed supply of 1,000,000 tokens. Launched in 2021 by Patrick Shyu (TechLead), it was introduced as a social experiment with a liquidity-backed minimum value of 1.00 USDC per token. Despite this price floor, MM is not a stablecoin—its price is free-floating and determined by market activity. It operates across multiple blockchains, supports staking, governance, and utility within a broader Web3 ecosystem, including NFTs and metaverse applications. The project faced controversy shortly after launch over allegations of a pump-and-dump scheme linked to the founder's liquidity actions. Shyu denied wrongdoing, describing MM as speculative rather than an investment. While the project has seen reduced activity and its website is offline, the token remains tradable on decentralised exchanges.
Million (MM) is a cryptocurrency with a fixed supply of 1,000,000 tokens, originally launched on the Ethereum blockchain as an ERC-20 token. It is designed to maintain a minimum value of 1.00 USDC per token through liquidity backing, but it is not a stablecoin. Its market price is free-floating and can increase based on demand, usage, and circulating supply. The stated goal of the project is for the token to appreciate significantly over time, while maintaining a minimum liquidity floor.
MM is available across several blockchain networks via bridges, including Binance Smart Chain, Polygon, Solana, Avalanche, Moonriver (Kusama), and Harmony. These multi-chain deployments allow for broader access, scalability, and lower transaction fees. The token contract has been audited by CertiK, and MM is positioned as a decentralised, cross-chain asset within a wider Web3 ecosystem.
Million (MM) serves multiple functions across DeFi, governance, and Web3 applications:
- Store of Value: Due to its fixed supply and liquidity-backed price floor, MM is designed to function as a deflationary digital asset. Its scarcity is emphasised by the fact that only one million tokens exist.
- Governance: MM tokens provide voting rights within the project’s decentralised autonomous organisation (DAO), enabling holders to submit and vote on community proposals.
- Staking and DeFi: MM can be staked via the Million Pool or used to provide liquidity on decentralised exchanges such as QuickSwap, where users may earn yield rewards.
- NFTs and Metaverse: MM is integrated into NFT platforms, art collectives, and metaverse initiatives such as LionRun.io. It also functions as a utility token in associated Web3 experiences.
- Transactional Use: MM supports microtransactions and transfers across its supported blockchains, including Ethereum and low-cost alternatives like Polygon and Harmony.
- Access and Status: Holding MM can unlock access to gated events, digital auctions, or community features within the ecosystem, reflecting its positioning as a social token.