MVL is leading the revolution in the mobility industry using blockchain technology. Since 2018, we've been operating TADA and ONiON Mobility, value-sharing mobility businesses aimed at resolving data and value monopolization issues commonly seen in traditional mobility platforms. Our efforts have yielded significant success, particularly in the Southeast Asian region with Singapore as our focal point.
Building on these achievements, we aim to share this value through the MVL blockchain ecosystem and further expand it. Accordingly, we are officially launching the MVL Ecosystem Fund, valued at $10M, equivalent to around 2 billion MVL tokens.
This fund was composed of the results of the first buyback based on real business profits of approximately $1 million, MVL Foundation holdings, and revenue from on-chain products. The management and usage of this fund will be transparently conducted on the blockchain and regularly disclosed via the easily accessible Dune dashboard.
The introduction of the MVL Ecosystem Fund marks a crucial step in fostering the sustainable value growth of the MVL Web3 ecosystem while sharing the real business value with the MVL token holders.
Under this goal, the key uses of the MVL Ecosystem Fund are as follows.
MVL-Fi: The most easy and direct way to share the success of our mobility business with ecosystem users is through the MVL Staking program. Through this fund, we plan to expand the MVL Staking program linked to real-world business success, thereby offering sustainable programs with various reward options. Also, we are working on a revamp of the staking participation website to make it easier and safer for MVL token holders to participate.
MVL DATA & NFT: We will provide additional benefits to investors of the upcoming MVL Mobility RWA NFTs, along with various opportunities for content participation. Moreover, we plan to gradually release a wide range of location-based mobility data accumulated by MVL over the past 6 years, including vehicle, battery, station, and ride-sharing trip data, on the blockchain. More details will be provided soon.
Partner Collaboration: In order to boost MVL's presence in the global crypto market and attract more participants to the ecosystem, we plan to increase collaboration with external partners. Specifically, we're focused on strengthening cooperation with global exchanges to provide MVL holders with a wider array of trading options and opportunities to participate in exciting events.
Governance and Community Activation: The fund will also be utilized for various projects and events to activate the MVL community. In the long term, proposals from the community will be adopted through governance, thus establishing a participatory governance system to guide the fund's operations.
Through the introduction of the MVL Ecosystem Fund, we aim to build a more robust and sustainable blockchain ecosystem rooted in real business value. We deeply appreciate the continued interest and support from the MVL community and encourage active participation in the MVL on-chain services, where more benefits will be provided in the future.
Dune dashboard ๐ https://dune.com/mvlchain/mvl-ecosystem
Related article ๐ https://www.globenewswire.com/news-release/2024/02/28/2836622/0/en/MVL-Launches-10M-Ecosystem-Fund-to-Achieve-the-Value-Sharing-Vision.html
Thank you.
Trust-Driven
MVL
MVL is leading the revolution in the mobility industry using blockchain technology. Since 2018, we've been operating TADA and ONiON Mobility, value-sharing mobility businesses aimed at resolving data and value monopolization issues commonly seen in traditional mobility platforms. Our efforts have yielded significant success, particularly in the Southeast Asian region with Singapore as our focal point.
Building on these achievements, we aim to share this value through the MVL blockchain ecosystem and further expand it. Accordingly, we are officially launching the MVL Ecosystem Fund, valued at $10M, equivalent to around 2 billion MVL tokens.
This fund was composed of the results of the first buyback based on real business profits of approximately $1 million, MVL Foundation holdings, and revenue from on-chain products. The management and usage of this fund will be transparently conducted on the blockchain and regularly disclosed via the easily accessible Dune dashboard.
The introduction of the MVL Ecosystem Fund marks a crucial step in fostering the sustainable value growth of the MVL Web3 ecosystem while sharing the real business value with the MVL token holders.
Under this goal, the key uses of the MVL Ecosystem Fund are as follows.
Through the introduction of the MVL Ecosystem Fund, we aim to build a more robust and sustainable blockchain ecosystem rooted in real business value. We deeply appreciate the continued interest and support from the MVL community and encourage active participation in the MVL on-chain services, where more benefits will be provided in the future.
Dune dashboard ๐ https://dune.com/mvlchain/mvl-ecosystem
Related article ๐ https://www.globenewswire.com/news-release/2024/02/28/2836622/0/en/MVL-Launches-10M-Ecosystem-Fund-to-Achieve-the-Value-Sharing-Vision.html
Thank you.
Trust-Driven
MVL