On November 1st, MVL implemented its own governance system to actively incorporate the opinion of holders in crucial decisions that impact the ecosystem, such as determining its direction and activation.
In line with this purpose, the MVL Open Treasury, a fund dedicated to ecosystem revitalization, was created and a governance vote was conducted to guarantee holders' involvement in the fund's usage plan.
MVL's first governance vote took place until November 10th, covering key aspects like the extension of MVL staking and the structure of the MVL staking pool. According to the result of the voting, the total budget will be distributed equally among four staking pools, including LP and single staking, with each receiving 20 million MVL. This demonstrates to users that the MVL project's governance structure has tangible impact through the active participation of its holders.
Furthermore, MVL has plans to create an inclusive forum for MVL holders, where they can directly suggest and discuss ideas. The aim is to facilitate a lively discussion that brings a diverse range of perspectives, enriching the project's direction. |
MVL's subsidiary, ONiON Mobility, has recently launched its eco-friendly E-Bike lineup, the X-Series. On November 11th, a vibrant launch event was held at the mega station in Cambodia accompanied by Suzana Reth, a famous singer from Cambodia, serving as an ambassador. The launching event, which included a test drive of the electric bikes, concluded successfully with hundreds of attendees. ONiON Mobility's new electric bike X-Series consists of the X1 and X2 models, specially designed to enhance users' riding experience. They have been attracting great attention in the Southeast Asian market due to their high security and user-friendly charging system, providing great convenience. ONiON Mobility is excited to further engage with the general public in Southeast Asia through its E-Bike models and contribute to the continued growth of MVL's blockchain mobility ecosystem.
On November 1st, MVL implemented its own governance system to actively incorporate the opinion of holders in crucial decisions that impact the ecosystem, such as determining its direction and activation. In line with this purpose, the MVL Open Treasury, a fund dedicated to ecosystem revitalization, was created and a governance vote was conducted to guarantee holders' involvement in the fund's usage plan. MVL's first governance vote took place until November 10th, covering key aspects like the extension of MVL staking and the structure of the MVL staking pool. According to the result of the voting, the total budget will be distributed equally among four staking pools, including LP and single staking, with each receiving 20 million MVL. This demonstrates to users that the MVL project's governance structure has tangible impact through the active participation of its holders. Furthermore, MVL has plans to create an inclusive forum for MVL holders, where they can directly suggest and discuss ideas. The aim is to facilitate a lively discussion that brings a diverse range of perspectives, enriching the project's direction.
Reopening LP Staking and Introducing MVL Single Staking
On November 24th, MVL reopened the ETH-MVL LP Staking and introduced the new MVL Single Staking program. Both program offers participants the opportunity to earn MVL tokens based on the amount and duration of their deposits. Anyone can participate conveniently in MVL's staking program through the Bridge website. To celebrate the launch of the new staking programs, MVL is hosting a special event— the MVL Bridge fee exemption event, which runs until 23:59 AM UTC on December 31st. The overarching goal is to promote the revitalization of the MVL ecosystem through a rewarding structure designed for holders. In the meantime, the previous ETH-MVL LP Staking, which concluded on November 22nd, is accessible in the Finished section in the MVL Bridge Farm, allowing participants to collect their rewards at any point. Please check out the link below for more information and the user guide.
MVL is hosting a new ranker event on Zealy, a cutting-edge Web3 community platform. During the event period, a range of missions related to MVL will be kept updated on Zealy Quest. Participants can earn the assigned XP (experience points) for each mission they complete. The top 200 users with the highest XP points according to the Zealy leaderboard will receive a rewarding total of $500 USDT. The rewards will be sent exclusively to the wallet address registered on Zealy and cannot be altered. The event is expected to conclude on December 21st at 23:59 UTC, and we are looking forward to your active participation in the event.