MVL Chain (Mass Vehicle Ledger) is an Incentive-based Blockchain Mobility Ecosystem.
Elapsed Time :
Raised Funds : 20,700,000 USD
ICO Score : 7.8 Out of 10
The MVL Chain Ecosystem gathers all data in one centralized database and utilises blockchain technology. With the MVL Chain Ecosystem, we can maintain records of all activities relating to a particular vehicle for the entire duration of the vehicles “lifetime”.
In the past, a limited number of centralized services monopolized data, but now the power of who owns the information is distributed evenly to the people. Various participants in the vehicle market can continue to add trustworthy data and be connected in one ecosystem.
Through the reward system, participants will receive MVL Points (MVP) in exchange for accurate and active data collecting. Those who play their role and put in different types of data to earn MVP, which they can use to promote how well their business is doing or exchange it to MVL Coin (MVL).
MVL Chain can be traded with other participants in exchange for goods and services such as gas, repairs, or car rental. All sellers of car-related goods and services will be appropriately licensed/approved to sell such products and any such sale will occur within national boundaries.