MVL

MVL

MVL
$0.005924718%-0.60

Key Metrics

Price$0.005924718
Real Volume (24H)$7,232,655.9
Marketcap$146,950,533.71
Fully Diluted Valuation$96,746,362
ATH$0.06973
ATH Date4/3/2021, 2:40:00 AM
ATL$0.0001466
ATL Date3/13/2020, 5:04:01 AM
Circulating Supply22B
Total Supply28B
WhitepaperMVL whitepaper
Popularity Rank394
Chart
What is MVL?

Mass Vehicle Ledger (MVL) is a cutting-edge blockchain-based platform that revolutionizes the way the automotive industry operates. MVL is designed to create a transparent and fair marketplace for the exchange of mobility data among all participants. The platform also integrates all mobility-related services into one convenient location.

MVL's ecosystem allows users to record all activities related to a particular vehicle throughout its lifetime and ensures that these records cannot be corrupted. Only the owner has authority over the data stored on the blockchain, which gives power back to the individuals rather than centralized services that previously monopolized data. Various participants in the automotive market, such as used car dealers, self-driving car manufacturers, and insurance companies, can continue to add reliable data and connect to the ecosystem.

Users who contribute valuable data to the MVL ecosystem are rewarded with MVL points (MVPs). These points are an essential element of the reward system that promotes contributions to the ecosystem. Different users can make contributions such as providing accurate and transparent data related to vehicle management, driving, repairs, transportation services, and more. MVPs can also be used for marketing purposes as they represent a company's performance. Additionally, users can exchange them for MVL tokens.

The MVL ecosystem issues its native cryptocurrency, MVL coin, to reward blockchain miners who manage and record vehicle data. The MVL coin is used to interact with other MVL users and has various utilities such as car-sharing services, acquiring vehicle parts, paying for repairs and gas, and getting new vehicles. All automotive goods and services traders have the appropriate licenses to trade such products and exchanges are made within the legal boundaries.

The MVL team is led by experienced professionals in the automotive industry including CEO Kay Woo, CTO Jaehwa Han, CSO Woosung Son, and full-stack engineers Myunkyu Park, Jineok Kim, Jiwoong, and Park. The total supply of MVL tokens is 30 billion coins, and the whitepaper was published in January 2021. With the MVL ecosystem, the automotive industry is set to enter a new era of transparency, fairness, and convenience for all participants.

MVL's blockchain technology offers a secure and decentralized platform for the exchange of mobility data. All transactions on the MVL platform are recorded on the blockchain, providing an immutable record of all activities. This ensures that the data is tamper-proof and cannot be manipulated by any single entity.

The MVL platform also integrates all mobility-related services into one convenient location. Users can access a wide range of services such as car-sharing, vehicle parts, repairs, gas, and more. This makes it easy for users to find the services they need and allows them to make transactions using MVL tokens. This integration of services helps to create a one-stop-shop for all automotive needs.

Another key feature of the MVL platform is the ability for users to monetize their data. Users can earn MVPs by providing accurate and transparent data to the ecosystem. These MVPs can be used to trade for MVL tokens, which can be used to purchase goods and services within the MVL ecosystem. This allows users to earn a return on their data, which is a significant step forward in the fair exchange of data in the automotive industry.

MVL is also committed to helping the developing world by providing access to mobility data in rural areas. The company aims to achieve this by forming strategic partnerships with operators in these regions. This will help to bridge the digital divide and provide greater access to mobility data for individuals in rural areas.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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