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MVL and keep up to date with us!
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Check the past news about MVL and

keep up to date with us!

Announcement of MVL Token Recirculation Plan

12 Dec 2023


Since its foundation in 2018, MVL has been devoted to building a circular token economy based on its mobility businesses including TADA and ONiON Mobility. 


In pursuit of this firm aim, we prioritized the establishment of a solid foundation and mass adoption of our mobility businesses. Now, we proudly demonstrate our successful achievement through the mobility services which are essential for the millions of users in their daily lives across various regions, notably in Singapore and Cambodia. Thanks to your unwavering support, MVL is set to expand MVL’s Web3 mobility ecosystem into the whole Asia. 


The year 2023 was a pivotal moment for us. 

This year, MVL’s mobility business experienced substantial overall growth, entering the stage of consistent value creation. As a result, we solidified the foundation of what we envisioned and promised in our early start of 2018. Consequently, we now intend to take the first step of returning and circulating value within the MVL ecosystem.

Introducing “MVL Token Recirculation Plan”


Moving forward, we plan to regularly buy back MVL tokens from the market using the revenue generated by our mobility business such as TADA. The acquired tokens will be securely stored in the MVL’s Open Treasury and offered to drivers and other MVL community participants in the points format providing its user-friendliness.


This initiative is designed to strengthen the participation and engagement of the MVL’s ecosystem users. Through this journey, it will put MVL tokens in high demand which will eventually catalyze its further circular growth. Moreover, this will strengthen our credibility within the community by enhancing the transparent measurement, compensation, and transaction processes of all participants.


The ultimate goal of this plan is to ensure the sustainable development and expansion of the MVL ecosystem, thereby contributing to the mass adoption of blockchain. We appreciate your continued interest and support. 


Your actions such as simply using TADA and ONiON Mobility services, holding MVL tokens, and actively participating in the community are already making fundamental shifts in the MVL’s mobility ecosystem with us.


Your ongoing support and participation is always appreciated. 


Thank you. 


Trust-Driven 

MVL

40 Sin Ming Ln, Singapore 573958

ⓒ MVL Foundation Pte. Ltd. All rights reserved.

40 Sin Ming Ln, Singapore 573958

ⓒ MVL Foundation Pte. Ltd. All rights reserved.