What is MLV Chain and its ecosystem?

MVL Chain is a vehicle data collecting ecosystem based on blockchain technology. It is a blockchain-based ecosystem that connects all services, like the car dealer shops, mechanic shops and car rental companies, that touch your car to collect its lifetime data. Participants from automobile-related companies, services or trade industry will be connected and they will insert core data related to driving, traffic accidents, repairs and other car-related transactions into the blockchain. Participants who provide data related to automobile will receive MVL Point (MVP), a reward system used to encourage contribution to the ecosystem.

Mass Vehicle Ledger Ecosystem (MVL Ecosystem, pronounced as “em-buh l” Ecosystem) is a new blockchain-based ecosystem created for use in the vehicle industry. Participants of the ecosystem are expected to be individuals familiar with the vehicle industry — for example, car owners, motor vehicle manufacturers/retailers, motor vehicle repair and/or modification service providers, motor vehicle insurance companies — and their participation in the ecosystem will allow them to upload core data relating to a specific car, including information regarding traffic accidents or repairs, into the blockchain.

MVL Ecosystem will tackle these problems by gathering all data in one centralized database and utilising blockchain technology. With the MVL Ecosystem, we can maintain records of all activities relating to a particular vehicle for the entire duration of its “lifetime” and ensure that such records are kept free from corruption. Only the owner will have the authority over his or her data stored on the decentralized blockchain. 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.

The MLP can be exchanged for crypto tokens like MVL (and vice versa) or used for marketing purposes. The MVL token is an ERC20 token integrated into the MVL Chain ecosystem. A mainnet will be launched to handle the potentially high volume of data storage, and before the launch of the mainnet the MVL token will be the only way to purchase MVP.

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 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.

What are the missions of MVL Chain?

1. All vehicle-related services connected in one ecosystem
2. They value safe driving and good service
3. Vehicle data on the blockchain brings various benefit

The Price of MVL Chain Tokens (MVL)

1 MVL = US$0.002. The total supply is 30,000,000,000, with 29% available for the token sale.

Tokens not purchased in the ICO will be burned in the event of the soft cap being reached. If the soft cap is not reached, all funds will be returned to investors, and if the hard cap is reached at any time during ICO or Pre-ICO the offering event will end and the team will begin allocating project funds.

For more details visit https://mvlchain.io/