MVL Reveals the 1st Round Results of the Token Recirculation Program
The MVL token recirculation program is a crucial element in establishing the value-sharing blockchain mobility ecosystem. Beginning on December 12th, 2023, MVL initiated its first token buyback program, spanning 50 days, to channel profits from its operational activities into the blockchain ecosystem and distribute them among participants. In the 1st buyback round, based on profits generated from the growing popularity of MVL's ride-sharing service TADA, MVL's actual mobility business, was carried out on a scale of $1 million, with a total of 228,703,423 MVL tokens purchased.
Subsequently, as part of the recirculation initiative, tokens acquired through market buybacks will be shared to users via the MVL Bridge website as rewards for their participation in the MVL staking program. This process will gradually reduce the circulating supply of MVL on exchanges as tokens are distributed to users as staking rewards, ultimately benefiting the user base. MVL aims to share the value of its mobility business with the ecosystem users, strengthening the link between real world mobility and the blockchain ecosystem, and ensuring sustained growth.
For further details, please visit the link below.
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| MVL Launches the MVL Ecosystem Fund |
On February 28, MVL launched the "MVL Ecosystem Fund", totalling 2 billion MVL tokens, equivalent to approximately 10 million USD, sourced from recent buybacks, MVL Foundation holdings, and earnings from blockchain products. This fund is designed to share profits from MVL's real-world mobility operations with the blockchain ecosystem, accelerating ecosystem expansion. In line with this objective, the fund will be used for MVL staking rewards and to offer extra benefits for MVL NFTs. Furthermore, it will be utilized to support partnerships and events aimed at boosting MVL's global presence, thereby encouraging community engagement. Fund management will be transparently conducted through blockchain, and expenditure details will be accessible to everyone through the Dune dashboard. For more detailed information, please refer to the link below. |
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TADA Expands Services to Thailand |
On February 28th, TADA, MVL's ride-sharing service, officially launched its services in Thailand. Since December 12th, TADA has successfully conducted on-site launch tests in Thailand with the support of local partners and drivers. As of now, TADA provides its services in four countries, including Thailand. With a population of around 70 million people, which is 13 times larger than Singapore, Thailand not only represents a significant market but also demonstrates a strong interest in cryptocurrencies and crypto markets. As a result, the long-term collaboration between TADA's Thai service and MVL's circular token economy is anticipated to offer substantial growth potential for both companies. In the future, MVL aims to offer more benefits to users of the MVL ecosystem through the expansion of real-world businesses such as TADA. Please click the link below to read related news articles and learn more about TADA's expansion to Thailand. |
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ONiON Mobility Collaborates with the UK's "Great Education" Campaign
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MVL's subsidiary, ONiON Mobility, an electric vehicle manufacturing and energy infrastructure company, has collaborated with the British Embassy in Cambodia to provide promotional support for the "Great Education" campaign. This campaign aims to enhance education cooperation between the UK and Cambodia and foster educational relations between the two countries. As part of this initiative, Heather Wheeler MP, the UK's Prime Minister's Trade Envoy, recently made her second visit to Cambodia. To commemorate her visit, ONiON Mobility introduced the electric tuk-tuk T1, branded to align with the campaign's concept. This electric tuk-tuk is being utilized to widely disseminate news of the campaign in the bustling streets of Phnom Penh, the capital city of Cambodia. Further details are available via the link below. |
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The MVL token recirculation program is a crucial element in establishing the value-sharing blockchain mobility ecosystem. Beginning on December 12th, 2023, MVL initiated its first token buyback program, spanning 50 days, to channel profits from its operational activities into the blockchain ecosystem and distribute them among participants. In the 1st buyback round, based on profits generated from the growing popularity of MVL's ride-sharing service TADA, MVL's actual mobility business, was carried out on a scale of $1 million, with a total of 228,703,423 MVL tokens purchased. Subsequently, as part of the recirculation initiative, tokens acquired through market buybacks will be shared to users via the MVL Bridge website as rewards for their participation in the MVL staking program. This process will gradually reduce the circulating supply of MVL on exchanges as tokens are distributed to users as staking rewards, ultimately benefiting the user base. MVL aims to share the value of its mobility business with the ecosystem users, strengthening the link between real world mobility and the blockchain ecosystem, and ensuring sustained growth. For further details, please visit the link below.
On February 28, MVL launched the "MVL Ecosystem Fund", totalling 2 billion MVL tokens, equivalent to approximately 10 million USD, sourced from recent buybacks, MVL Foundation holdings, and earnings from blockchain products. This fund is designed to share profits from MVL's real-world mobility operations with the blockchain ecosystem, accelerating ecosystem expansion. In line with this objective, the fund will be used for MVL staking rewards and to offer extra benefits for MVL NFTs. Furthermore, it will be utilized to support partnerships and events aimed at boosting MVL's global presence, thereby encouraging community engagement. Fund management will be transparently conducted through blockchain, and expenditure details will be accessible to everyone through the Dune dashboard. For more detailed information, please refer to the link below.
TADA Expands Services to Thailand
On February 28th, TADA, MVL's ride-sharing service, officially launched its services in Thailand. Since December 12th, TADA has successfully conducted on-site launch tests in Thailand with the support of local partners and drivers. As of now, TADA provides its services in four countries, including Thailand. With a population of around 70 million people, which is 13 times larger than Singapore, Thailand not only represents a significant market but also demonstrates a strong interest in cryptocurrencies and crypto markets. As a result, the long-term collaboration between TADA's Thai service and MVL's circular token economy is anticipated to offer substantial growth potential for both companies. In the future, MVL aims to offer more benefits to users of the MVL ecosystem through the expansion of real-world businesses such as TADA. Please click the link below to read related news articles and learn more about TADA's expansion to Thailand.
MVL's subsidiary, ONiON Mobility, an electric vehicle manufacturing and energy infrastructure company, has collaborated with the British Embassy in Cambodia to provide promotional support for the "Great Education" campaign. This campaign aims to enhance education cooperation between the UK and Cambodia and foster educational relations between the two countries. As part of this initiative, Heather Wheeler MP, the UK's Prime Minister's Trade Envoy, recently made her second visit to Cambodia. To commemorate her visit, ONiON Mobility introduced the electric tuk-tuk T1, branded to align with the campaign's concept. This electric tuk-tuk is being utilized to widely disseminate news of the campaign in the bustling streets of Phnom Penh, the capital city of Cambodia. Further details are available via the link below.