MVL, short for Mass Vehicle Ledger, is a cryptocurrency blockchain project. The team seek to create a mobility data sharing and exchange ecosystem for companies working in vehicle related services. Essentially, it hopes to connect services related to vehicles and transportation together via blockchain technology.
The MVL platform will collect data from and allow data generated by transportation vehicles to be shared between users. It hopes to use this collated data to improve services such as repairs, accidents, driving patterns, and more. The platform makes use of smart contracts to ensure that data remains secure, honest, and transparent.
MVL is the platform’s native cryptocurrency and is used to incentive users by rewarding participation, i.e. providing data, with MVL tokens.
What are MVL’s key features and how does it work?
The MVL platform will use blockchain technology to gather and collect data related to vehicles and transportation. The data can then be securely used in a variety of use cases, for example, on other decentralized applications.
Some examples of successful apps using MVL technology are:
- TADA A ride-hailing service based in Singapore that operates on a zero-commission basis.
- TADA Delivery A personalized courier delivery service that can offer same day services. The platform also has its own commerce tool integrated within the delivery platform.
The MVL platform also features a bridge that facilitates the transfer of tokens between multiple chains. Currently supported tokens include ERC20 and BEP20 tokens. The MVL treasury is in charge of ensuring the entire ecosystem is operating as it should be. The treasury’s funds can be used to grow the platform, including offering incentives and rewards to attract and retain users.
Where can you buy MVL?
MVL is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Upbit, MEXC Global, and Poloniex. The price of MVL will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for MVL market price, please view the price charts on this page.