What is the current price of MiL.k?
The current price of MiL.k is $0.03963 with a 0.76% change in the last 24 hours.
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MiL.k is a South Korean loyalty point integration platform that lets people convert reward points earned at one company into points usable at another, using a token as the settlement layer in between. Airline miles, travel booking points, convenience store stamps, cinema rewards, and telecom or retail loyalty balances are normally trapped inside the issuer that created them. MiL.k buys those points in, converts them to its token, and lets the holder convert out into a different partner's points or hold the token instead.
MLK is that token. It is the exchange medium between partner loyalty programs, the unit users hold in the MiL.k app, and the asset that can be staked inside the app for additional rewards.
MLK is not a blockchain of its own. It is a token contract, and since 2025 the network it primarily lives on is Arbitrum One, the Ethereum layer 2. This page describes the contract at 0x374c5fb7979d5fdbaad2d95409e235e5cbdfd43c, which a direct on-chain read confirms is deployed at that same address on both Arbitrum One and BNB Smart Chain, reporting the name "MiL.k", symbol MLK, and 8 decimals.
Official sources:
MiL.k is operated by Milk Partners, a Korean company led by chief executive Jayden Jo. The project launched around 2019 and built its position domestically first, signing loyalty partners in travel, retail, convenience, and entertainment before expanding into Southeast Asia.
MiL.k has also moved chains. The token originally ran on Luniverse, an enterprise blockchain platform operated by Lambda256. In February 2025 Milk Partners announced a migration to Arbitrum One, citing the need for infrastructure better suited to global Web3 partnerships, and said it would continue working with Lambda256 afterward. The migration was carried out in April 2025 alongside version 3.0.0 of the MiL.k app, and the company reported in May 2025 that more than 80,000 users had moved their MLK to Arbitrum within five weeks.
That migration is the single most important thing to know when researching MLK, because a large amount of older third-party material still describes the token as living on a different chain.
Point acquisition MiL.k contracts with loyalty program operators so a user can move points out of a partner program into MiL.k. From the user's side this is a conversion inside an app rather than a blockchain transaction.
Conversion into MLK Converted points become MLK at a rate set by the platform. MiL.k has historically offered conversion incentives, so moving a stranded point balance into MLK is worth more than letting it expire.
Conversion out to another partner The holder can then convert MLK into a different partner's points. This is the actual product: a bridge between reward currencies that would otherwise never touch.
Holding, staking, and app utility MLK can be held in the app's wallet, staked for additional MLK rewards, or used for in-app activities such as daily check-ins and promotions. Because MLK is a standard token contract, it can also be withdrawn to a self-custody wallet and traded on exchanges.
The blockchain's role here is narrow and deliberate. It is not trying to decentralize the loyalty programs themselves; it provides a neutral, transferable unit and an auditable ledger so value can cross a boundary that the partners' own databases cannot.
Publicly cited partners over the project's history include the travel platform Yanolja, the SK Group loyalty program OK Cashbag, Lotte's L.POINT, the CU convenience store chain, the Megabox cinema chain, the airline group AirAsia, and GetPlus in Indonesia. Partner lists in loyalty businesses change as contracts renew, so the current roster should be checked in the app or on the official site rather than taken from any secondary article.
MLK is used for:
Project documentation describes a fixed maximum supply of 1.3 billion MLK, pre-minted at the token generation event, with tokens released gradually according to a distribution schedule rather than mined or minted on demand. The amount actually issued to date sits below that ceiling. This matters for expectations: MLK is not an uncapped inflationary token, but scheduled releases mean the issued amount has grown over time.
MiL.k solves a problem that exists outside of crypto and is felt by ordinary consumers. Loyalty points are a large liability on corporate balance sheets and a persistent frustration for users, who accumulate small balances that expire unused. A neutral exchange medium is a sensible answer, and MiL.k built one with named, recognizable partners rather than hypothetical ones.
The second point is distribution. The platform's user base came from consumer apps and loyalty programs rather than crypto-native channels, which is unusual for a token of this size and gives it a demand source that is not purely speculative.
Compared with general-purpose rewards tokens, MiL.k is narrower and more concrete: it is an exchange between specific existing programs, not an attempt to replace them with a new rewards currency.
Compared with fan token or engagement platforms such as Chiliz, the value proposition is utility rather than affinity. A MiL.k user is trying to make a stranded balance spendable, not to buy into a team or brand community.
Compared with Korean gaming and content token ecosystems such as WEMIX or BORA, MiL.k is not building a chain or a game platform. It is an application that settles on someone else's chain, and it changed chains once already when that made commercial sense.
The consequence is that MLK's value is tied to the health of the partner network and the operating company, not to the security or throughput of a blockchain it controls.
MLK's on-chain security is inherited. On Arbitrum One it depends on the layer 2's sequencer, fraud proof system, and ultimately Ethereum settlement; on BNB Smart Chain it depends on that network's validator set. The token contract itself is a standard fungible token, so the usual contract risks apply but the surface is small.
The more meaningful security question is off-chain. Point conversion, the exchange rates, in-app staking, and custody of balances held inside the MiL.k app are operated by Milk Partners. Those are company obligations, not smart contract guarantees. A user who holds MLK in the app is relying on the operator; a user who withdraws to a self-custody wallet holds a normal token but gives up in-app functionality.
MiL.k is one of the clearer examples of a token used as plumbing rather than as a product. The blockchain is not the pitch; the pitch is that fragmented loyalty balances become usable, and the token is how value crosses between systems that will never integrate directly. Whether or not it succeeds commercially, it is a useful reference for what a consumer-facing, partnership-driven token business looks like, including the operator dependence that comes with it.
MLK is listed on centralized exchanges, with the strongest presence historically on Korean and Asian venues, and it is also tradable on decentralized exchanges on the networks where it is deployed. Availability, pairs, and deposit networks vary by venue and jurisdiction.
MLK is often available on:
Common pairs include MLK/KRW and MLK/USDT where supported.
After purchase, MLK can be held:
Confirm the network before withdrawing. Arbitrum One and BNB Smart Chain share the same MLK contract address, which makes it easy to select the wrong network by accident.
You can compare MLK with related projects on Coinrithm:
Track MiL.k live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for MiL.k on CoinRithm before using real money.
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Read the complete paper trading guideThe current price of MiL.k is $0.03963 with a 0.76% change in the last 24 hours.
The daily trading volume is $51,593.77 representing a 59.44% change in the past 24 hours.
The market capitalization of MiL.k is $23,016,953, ranking #496 globally.
The fully diluted valuation (FDV) of MiL.k is $51,514,657, calculated assuming the maximum supply of 1,300,000,000 MLK is in circulation.
Circulating: 580,845,159. Total: 986,245,419. Max: 1,300,000,000.
In the last 24 hours, MiL.k traded between a low of $0.0389 and a high of $0.04039.
MLK/USDTTether USDT0.03963 USDT
