What is MVL (MVL)

1. Project Introduction
MVL ($MVL) is a blockchain-based mobility ecosystem designed to build infrastructure connecting the digital world with mobility businesses. Since 2018, the project has been carrying out a ride-hailing mobility service called "TADA" and an electric vehicle production, sales, and charging infrastructure business called "ONiON" in Southeast Asia, including Singapore. In the MVL ecosystem, various mobility data are generated in real time and recorded by MVL in the DePIN (Decentralized Physical Infrastructure Network); these data will be used to develop new services and products, such as vehicle RWA.
Summary: MVL aims to revolutionize the mobility industry with blockchain technology. By applying transparent and fair token incentives, users can be encouraged to continue participating in the service, and a reliable vehicle financing system can be implemented using NFT and smart contracts. The project's vision involves about 250,000 drivers, over 2.6 million passengers, and more than 700 owned vehicles.
2. Team & Investment Info
Kay Kyeongsik Woo: Founder, also founder of Onion Mobility and easi6, Inc. He graduated from Columbia University.
Jaehwa Han: CTO, co-founder & CTO of easi6, Inc., programmer at Tmax Data, and research scholar at IBM. He graduated from Seoul National University.
Woosung Son: CSO, venture investor at LB Investment and manager at NAVER. He graduated from Seoul National University.
Funding: According to public information, in April 2021, MVL announced that it raised $15 million in a series B round led by Central with participation from Trive Ventures.
3. Social Media URLs
X: https://x.com/mvlchain
Telegram (English): https://t.me/mvlchain_en
Telegram (Korean): https://t.me/mvlchain_kr
Reddit: https://www.reddit.com/r/MVL/
4. Token Info
Token Symbol: MVL
Total Supply: 30,000,000,000
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: https://etherscan.io/token/0xa849eaae994fb86afa73382e9bd88c2b6b18dc71
Token Distribution:
Community: 16%, TGE 0.17%, linear vesting over 91 months
Marketing & R&D: 30%, TGE 0.33%, linear vesting over 91 months
Advisor & Team: 25%, 6 months cliff, linear vesting over 24 months
Burn: 7%, TGE 7%, locked forever
Sale: 22%, TGE 2.7%, linear vesting over 6 months
5. Related Links
Official Website: https://mvlchain.io/
White Paper: https://docs.mvlchain.io/
Other Info:
https://www.rootdata.com/zh/Projects/detail/MVL?k=MjQ1&t=2

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.