Miles Token Economics


MILES is the cryptographic token on the Miles application and network that powers its ecosystem. MILES is issued natively on Ethereum as an ERC-20 token and will be bridged to Cardano. This enables compatibility with the vast Ethereum ecosystem and infrastructure while enabling reward incentives for ADA pool stakers.
This document is prepared to describe the usage of the token and the economics of its token sale.

Token Topology

Miles is a token-powered Visa credit/debit card rewards platform that rewards users for everyday purchases and spending on their card. Users earn MILES tokens based on the total value of purchases made. MILES can be used to redeem airline miles, or goods and services through our exclusive travel partner network.
Below we describe how these tokens function within the ecosystem and drive value for their users.

Using Crypto-Supported Credit Card

The premise behind the Miles ecosystem is a crypto-supported credit card, combined with an integrated digital asset exchange.
The platform issues the credit card to successful applicants who can then load up their platform wallet or “accounts” with a number of supported currencies, initially BTC, ADA and ETH. As a user spends against their limit, they can pay down their balance using the crypto positions held on their platform wallet automatically.
The automated liquidations can even be structured to set a preferential order for liquidations, for example selling BTC first, then ADA, then ETH. Miles will feature an integrated exchange to sell any crypto positions into USD which can then be used to pay off any accrued credit card balances.

Earning Loyalty Tokens

By spending on the credit card, loyalty points will accrue at the rate of USD 25 worth of MILES tokens per USD 1,000 spent or equivalent to 2.5%, making it one of the highest reward cards of its kind.

The platform will work with participating airlines and other travel partners to enable the MILES tokens to be redeemed directly for products and services with the merchant partners. For example, USD 1,000 worth of MILES tokens can be redeemed directly with the airlines for USD 1,000 worth of airline miles.

Prior to this, MILES may be listed on secondary market exchanges which will allow users to convert MILES to USD as needed.

ADA Staking Node

In order to bootstrap working capital, the Miles platform intends to form a staking node on Cardana to allow holders to stake ADA in return for a highly competitive rate + additional staking bonuses in the form of MILES tokens, greatly incentivizing staking in the Miles ADA Staking Pool.

Miles will run a full Cardano staking node by creating a pool with a minimum of 2.4 million ADA with a target of 66M ADA.

Token Acquisition

Users will be able to acquire MILES through its token sale, as rewards, through ADA staking earnings in our staking pool or on the secondary market.

Profit Sharing

Miles employs a token buyback program which is funded by a portion of the platform’s profits. Miles earns a fee from the credit card issuer for every purchase performed.

The token buyback program is designed to drive value to the MILES token ecosystem through one or more of the below activities:

  • Token Burning – a portion of the repurchased MILES tokens is permanently destroyed via token burning. This immediately reduces the total supply of MILES. Burns occur on a regular basis, initially set at once per quarter but subject to community vote.
  • Staking Fund –a portion of the repurchased MILES tokens is used to fund the Staking Fund. MILES holders that provide liquidity to any of the MILES DEX liquidity pools earn a staking yield that is funded by these collections.
  • Treasury – a portion of the repurchased MILES tokens is used to fund the DAO Treasury. The DAO Treasury funds may be used for operations, marketing or other platform expenses. Use of funds may be subject to governance vote.


Post token sale, MILES is expected to be available on decentralized exchanges, however, no new MILES tokens will be created. New MILES can be redeemed exclusively through token staking.

MILES can be earned when participants add liquidity to the Miles DEX liquidity pool. Miles will create a staking contract that is activated when LP shares generated from liquidity providers are deposited into the MILES staking contract. MILES is paid into the staking pool and earned by LP miners based on their pro-rata share in the staking pool.

Staking is designed to reward participants who lock their MILES tokens while providing muchneeded liquidity to the DEX pool. In return, they are given MILES from the staking reserve.

MILES can also be earned by directly staking MILES tokens into the token staking contract. This enables participants to earn additional MILES in return for locking their MILES tokens within the staking contract. Staking reduces the overall circulating supply and may increase the value of
tokens given the same demand, however, the introduction of new tokens from earned rewards is inflationary to the token ecosystem over the long term, and therefore staking is designed to defer early speculative selling to provide the project with the time necessary to build and scale.

The staking reserve is a finite and exhaustible resource that is expected to incentivize early participants. Should the platform become profitable, the staking reserve may be replenished, whole or in part, by token buybacks.


Miles allows stakers that fulfill the minimum token holding requirements to earn additional bonuses from LP staking simply by staking these token balances. There are three tiers of bonus enhancement depending on the number of tokens held.

Example staking reward bonuses are detailed below:

APY Bonus

For example, if the LP staking rewards are set at 120% APY, then a Miles bonus tier participant will earn the equivalent of 144% APY.

Miles also enables committed, long-term stakers to earn additional bonus rewards for locking their tokens over increasing intervals of time as per the chart below:

Lock Duration
APY Bonus Multiplier
0 weeks
24 weeks
52 weeks

Governance and Voting

MILES tokens are also limited governance tokens that allow token holders to propose and vote on community changes to the platform. Votes run through a 3-step process starting with an initial solicitation of interest on the community forum, followed by a consensus vote in the form of a Miles Improvement Proposal and finally, implementation.

Examples of decisions that may be candidates for proposals and votes include uses for tokens acquired in buybacks, and votes around platform feature requests, improvements and enhancements.

Token Sale

MILES shall only be made available for purchase through its token sale or on the secondary exchange market.

Miles has created 45,000,000,000 (45 billion) MILES tokens at the token generation event as its total token supply. No other tokens will be created. These tokens will be sold according to the following structure:

Sale Period
Tokens Sold
Selling Price
Amount Raised
Seed Sale
USD 0.0001
USD 337,500
Private Sale
USD 0.00015
USD 1,012,500
Public Sale
USD 0.0002
USD 675,000
13,500,000,000 MILES
USD 2,025,000

Tokens created by the contract will be distributed based on the following:

Miles Token Distribution

Miles Token Distribution


3,375,000,000 MILES


Private Sale

6,750,000,000 MILES


Public Sale

3,375,000,000 MILES



6,750,000,000 MILES


Operations & Dev

4,500,000,000 MILES


Rewards Pool

9,000,000,000 MILES


Marketing & Growth

4,500,000,000 MILES


Staking Reserve

4,500,000,000 MILES


Exchange Liq. & MM

1,350,000,000 MILES



900,000,000 MILES