Mass Vehicle Ledger, MVL, is a blockchain mobility ecosystem aiming to address trust issues in the mobility industry through blockchain and Ethereum's smart contracts. It records participants' mobility data, unites key data into one, and enables its transparent exchange.
MVL is the ecosystem's native coin.
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What Is MVL
MVL is an acronym for Mass Vehicle Ledger and is an incentive-based mobility blockchain protocol hosted on the Ethereum blockchain.
The MVL crypto ecosystem aims to help automobile-related companies, services, and the trade industry connect and keep data of car-related transactions, such as movements, traffic accidents, maintenance, etc., into the blockchain for quick access.
MVL brings the power of cryptocurrency to the mobility and vehicle services industry to facilitate the transparent and fair exchange of users' mobility data.
MVL mobility services such as TADA, the ride-hailing service, Onion mobility, and TADA delivery have already been operating in Singapore, Vietnam, and Cambodia, with 1 million Southeast Asian users. Users can interact with MVL’s mobility data ecosystem on the blockchain through Tada.
MVL is the native protocol token. It's an ERC20 utility and reputation token on the Ethereum blockchain aiming to restore trust in the mobility industry.
MVL Founders
MVL is a mobility startup based in Singapore. It was founded by Kay Kyeongisik Woo in 2018 with the mission to create Singapore’s first Zero commission ride-hailing service leveraging the power of blockchain.
Woo earned a Master's degree in Statistics at Columbia University in New York and a BSC in Electrical Engineering from Seoul National University.
In a mission statement, he highlighted his perspective on blockchain and what he feels his MVL creation is all about:
"MVL’s role in the blockchain community has been simple and clear. We focus on solving real-world problems and connecting our solutions to the blockchain, which creates a basis of trust among all participants. By retaining this fundamental connection to the blockchain community, we are safe from the volatility of crypto and set ourselves apart from the typical blockchain projects that bear high risks."
The MVL team has raised over $20 million since its inception in 2019.
How Does MVL Work
The MVL ecosystem provides incentives to participants who save data on the blockchain. It offers high returns to motivate active data logging. Rewards are awarded in the form of MVL Points that can be converted into MVL tokens.
The MVL ecosystem has three major components which work together to power the ecosystem:
- MVL Bridge
MVL Bridge allows MVL tokens to be transferred to multiple chains.
MVL Bridge currently supports switching between Ethereum-based MVL tokens (ERC20) and BNB-chain-based MVL tokens (BEP20).
- MVL Treasury
MVL Treasury is a funding pool designed for the MVL ecosystem's smooth running. Treasury's funds are used as incentive resources for MVL ecosystem participants, and the sources and expenditures of the funds are disclosed on-chain.
- MVL Blockchain
All MVL mobility services are developed based on the MVL Protocol. Data generated from mobility services also belongs to the MVL Protocol.
The MVL ecosystem is built by members who provide their data. All data, including the mileage, insurance, parts and the frame of vehicles, etc., are recorded and hosted on the MVL blockchain, built on Ethereum.
Where to Buy MVL Coin
You may buy your MVL tokens on several cryptocurrency exchanges, including Upbit, Binance DEX, Liquid, MEXC Global, etc.
Check the current top MVL markets across all crypto exchanges for trading in MVL stock based on the highest 24h volume on CoinStats.
The highest price paid for MVL since it was launched or listed was $0.069730468214 on Apr 02, 2021, and its lowest price was $0.000146603983 on Mar 13, 2020.
