# Welcome to MVL

#### MVL is a project that shares the value of data with all ecosystem participants.

<figure><img src="/files/UVEhmtrgxpB72Raj6ypA" alt=""><figcaption></figcaption></figure>

Mobility platform companies enhance their value by utilizing user service usage data. The increase in value of mobility platform companies is significantly contributed to by individual users as well as the platform company itself. However, traditional mobility platform companies have monopolized all mobility data in a centralized manner.

This is where MVL comes in. The MVL team wants to share the value of data monopolized by mobility service platform companies with all ecosystem participants.

#### Over the past five years, we have completed a broad mobility ecosystem ranging from ride hailing to vehicle manufacturing.

<figure><img src="/files/661SajoGulMers9O2HmK" alt=""><figcaption></figcaption></figure>

TADA, a mobility service brand, directly operates taxi and ride-hailing services. Over the past five years, TADA has achieved explosive growth in several Southeast Asian countries, including Singapore and Cambodia, and has now become a popular service. In addition, we provide a variety of solutions to our partners based on our technology and experience across all areas of mobility, including delivery, logistics, truck management, limousine reservations, and designated driving.&#x20;

ONiON Mobility, an eco-friendly vehicle brand, provides services for all life cycles of vehicles, including vehicle manufacturing, operation management, vehicle finance (sales, loan, rental), and driver management (credit evaluation, loan, insurance). In particular, we directly operate infrastructure such as battery asset management and eco-friendly charging stations, and are continuously expanding our service scope into the eco-friendly energy sector.

#### The convergence of mobility and blockchain can create greater value.&#x20;

MVL provides a variety of blockchain protocols to support the growth of mobility services. 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.&#x20;

In the MVL ecosystem, various mobility data are generated in real time. MVL records these data in DePIN (Decentralized Physical Mobility Infrastructure Network). This data is being utilized for the development of new services and products, like vehicle RWAs.


# TADA Ride-Hailing

<figure><img src="/files/f1rpS25SS344u0godzVV" alt=""><figcaption></figcaption></figure>

#### **TADA Ride-Hailing is a popular ride-sharing service in Southeast Asia, used by approximately 2 million people.**

Currently, TADA RH service is operating in 4 countries: Singapore, Cambodia, Vietnam, and Thailand, particularly recording a market share similar to other large services in Singapore.

In particular, with lower fees compared to other services and DePIN service using MVL Token, TADA has accumulated 3+ million riders and 300,000+ drivers. Notably, the number of daily trips has increased by more than 2000% compared to 2020, and this growth trend is still ongoing.

#### **TADA RH provides the best mobility experience for both drivers and passengers.**

Despite the economic downturn during the COVID-19 pandemic, TADA has shown consistent growth since 2020, powered by low fees, data-driven operation strategies, blockchain incentives, and secured the second-largest market share in the Singapore ride-hailing market in 2023, surpassing Gojek.

With such significant growth, the number of drivers recorded on the platform has increased to 260,000, and the number of registered users has exceeded 2.5 million. The number of daily matched trips of TADA, which has been well-received by customers, has increased more than 12 times compared to 2020.

#### **In the future, TADA plans to grow as the best RH service player in Southeast Asia.**

As the TADA RH service expands, the MVL Token incentive program will also be refined in a tailored manner for each country. Future DePIN policies will be operated more strategically, considering the growth stage of service in each country, the response of drivers and passengers, the degree of government regulation, and so on, and methods of using MVL Token within the service will also be introduced.

{% hint style="info" %}
**TADA Download Link**

* IOS : [***https://apps.apple.com/us/app/tada-ride-hailing/id1412329684***](https://apps.apple.com/us/app/tada-ride-hailing/id1412329684)
* Android : [***https://play.google.com/store/apps/details?id=io.mvlchain.tada***](https://play.google.com/store/apps/details?id=io.mvlchain.tada)
  {% endhint %}


# ONiON E-Vehicle & Infra

<figure><img src="/files/td2gppscB0COWuFXaDdf" alt=""><figcaption></figcaption></figure>

#### **ONiON Mobility is an electric vehicle and battery charging infrastructure brand launched in 2021.**

Currently, ONiON has established its own factory in the capital of Cambodia and is producing environmentally friendly battery-exchangeable E-TukTuk and E-Truck. ONiON is also building a national energy network, starting with the establishment of charging infrastructures like E-Stations.

In the future, ONiON plans to lead the eco-friendly mobility trend in Southeast Asia by expanding the distribution of eco-friendly vehicles and infrastructures to all over Southeast Asia and providing vehicle management services based on real-time data.

#### **Launch of Electric Tricycle T1s & T1l and Electric Bike X-Series**

In June 2023, ONiON Mobility upgraded its flagship electric tricycle T1 and introduced the new T1s and T1l models. The new models boast a top speed improved by 28% compared to the existing models and have reduced noise by 50% to provide customers with a more convenient means of transportation.

In November 2023, ONiON Mobility launched the X-Series electric bike lineup as part of its efforts to promote the electrification of motorcycles, a popular mode of transportation in Southeast Asia. The X-Series electric bike boasts excellent performance with a top speed of 80km/h and a maximum driving distance of over 75km on a single charge.

#### **In the future, we plan to expand the sales of ONiON vehicles to various Asian countries.**

We plan to develop new products and introduce them to various countries. In addition, we also plan to provide various solution technologies such as vehicle management and battery management using real-time data.

We are also considering a new vehicle financial service model that links various data and authorities generated from vehicles and batteries in the form of NFTs.


# Mobility Solutions

<figure><img src="/files/2q8CFKGm1XcWzatwr79r" alt=""><figcaption></figcaption></figure>

### **Delivery & Retail Management**

#### Single Delivery Solution

Single Delivery focuses on delivering fresh food items in a single delivery and revolves around matching between restaurants, drivers, and customers. Currently, the service is available in regions such as Cambodia.

#### Bundled Delivery Solution

Bundled Delivery is a solution optimized for small-scale bundle deliveries in urban areas. It mainly collaborates with retail companies within Singapore and has temporarily launched "TADA Fresh Market" that supports online sales of five traditional markets within Singapore, especially during the COVID-19 period. In addition, in Thailand, it has collaborated with SevenEleven and achieved a cost reduction of about 30-50% compared to the existing method through bundle delivery via ONiON T1C truck.

### **Truck & Cargo Management Solution**

Truck Management is a solution that allows shippers, customers, and truck drivers to manage logistics transportation processes in real-time, mainly operating in Vietnam. Through this solution, business owners can manage real-time logistics flow of the entire process from loading to unloading of the trucks, and provide the optimal freight transportation route to drivers.

### **Energy Infra Management Solution**

Through Energy Infra Management, numerous batteries can be efficiently operated and managed.

Franchisees and battery owners can access the ONiON Dashboard to continuously monitor real-time location, remaining capacity, cumulative charging count, remaining lifespan, and more of their owned batteries. In addition, they can receive accumulated usage revenue from the entire process from generation to disposal, accumulate eco-friendly credits, and also receive sales commissions upon disposal.

Electric vehicle drivers can check energy information through the ONiON App. They receive real-time information on the remaining capacity of the battery installed in the vehicle, the location of nearby stations, and the quantity of batteries held.

### **Driver Credit Evalutions Solution**

Southeast Asian drivers often have difficulty obtaining loans due to a lack of bank accounts. However, MVL operates an alternative credit rating system by examining drivers' work history and earnings records who use the TADA service.

As a result, since 2021, Shinhan Bank and other local Cambodian banks have launched a driver loan business, and ONiON operates a loan and rental business that combines finance and rental based on its accumulated experience.

### **Connected Vehicle Communicating Solution (V2X)**

All vehicles and battery assets in the MVL ecosystem can communicate in real-time with the control center and V2X (Vehicle-to-Everything) technology.

Therefore, ONiON drivers can receive various traffic information, as well as vehicle and battery levels, gas station information, etc. through a smartphone app, and can also receive emergency alerts in case of danger. This technology and service are already being applied to various vehicles such as the 500 E-TukTuks and E-Trucks currently in operation.


# Partnerships

<figure><img src="/files/K8oNkc9VJ8CvY958V7U2" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/9o1ilY2ryy3bSTTx9KZt" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/WnqpSjU3DZwA3vY3ufFb" alt=""><figcaption></figcaption></figure>

MVL has technology capabilities that span across all fields of mobility and operational experience and expertise with 2 million users, 500 vehicles, and energy infrastructure in Southeast Asia.

Accordingly, MVL is collaborating with various companies in related industries such as fintech and retail services, as well as mobility fields including global mobility, energy, and vehicle manufacturing.


# MVL Blockchain

<figure><img src="/files/VSmylaUFoXsm9uLv6gGP" alt=""><figcaption></figcaption></figure>

MVL innovates the mobility industry with blockchain technology.

Since 2018, we have 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. Based on these successful real-world mobility projects, we are solving problems in the existing mobility industry with blockchain technology.

1. MVL DePIN

   In the MVL ecosystem, massive mobility data is generated from drivers, passengers, vehicles, batteries, etc. in real time. Data providers receive token incentives based on their contribution, and these data can be utilized in the blockchain network to create new businesses such as market analysis, autonomous driving, and financial commercialization.
2. MVL Fi

   With the significant growth of TADA mobility services, which have been successfully implementing the DePIN narrative since 2018, MVL has implemented a value-sharing mobility ecosystem. Accordingly, MVL is operating a sustainable staking program that shares value with MVL Token holders based on profits generated from actual business.
3. MVL RWA (Musubi)

   Vehicle assets depreciate based on mileage, but when combined with a rental program, they can become a new financial product. MVL Blockchain plans to launch an innovative vehicle RWA product by connecting investors from developed countries looking for new investments with vehicle buyers from emerging countries such as Southeast Asia.
4. Clutch

   Clutch is MVL's official cryptocurrency wallet designed for participants in the MVL Web 3.0 ecosystem. Clutch is tightly integrated with MVL's mobility services, TADA and ONiON Mobility, allowing users to conveniently and securely manage, store, and utilize the incentives and rewards earned through their contributions.

MVL's mobility vision involves approximately 250,000 drivers, more than 2.6 million passengers and more than 700 owned vehicles. The MVL team is a well-established company with over 300 employees worldwide, including in South Korea, Singapore, and Southeast Asia, and the cumulative equity investment to date has reached approximately $30 million.


# MVL DePIN

<figure><img src="/files/7nS7NHAXvGljzPbLTmaj" alt=""><figcaption></figcaption></figure>

#### **In the MVL ecosystem, massive amounts of data are generated in real time.**

The Ride-Hailing service generates real-time trip data such as trip engagement numbers, payment information, and travel routes for 260,000 drivers and 2.5 million riders. The E-Vehicle and Bike service manages life cycle data directly related to the HW of the vehicle, such as vehicle production, driving, maintenance, and battery replacement, and additional service data such as owners, drivers, and financing. The Energy Infra services records life cycle data such as the real-time location of 16 charging stations and 3,000 replaceable batteries, the remaining charge capacity and frequency, and the remaining lifespan.

#### **These data are created with MVL ecosystem participants.**

Mobility services in the MVL ecosystem provide various incentive programs for participants. Incentive protocols can improve the service quality of drivers and increase the service experience of passengers. In addition, it is effective in improving strategic services, such as targeting improvement of passenger reuse rate or resolving the demand-supply imbalance at a specific time.

In particular, incentive strategies that take into account service growth stages and demand-supply status have contributed significantly to TADA's explosive growth.

Users receive token incentives based on their contribution through the Clutch wallet connected to TADA and ONiON. This MVL incentive system is operated transparently and reliably using blockchain technology.

#### **MVL uses DePIN to create new services.**

These TADA's DePIN data not only improves the quality of mobility services, but also creates added value by combining them with data from other fields. For example, when combined with map data, the accuracy of mobility services and matching ratios are improved by identifying the location of major calls and traffic patterns by time.

In addition, MVL provides MVL RWA services through DePIN data. MVL RWA comes in the form of NFTs. These NFTs are actually real-life, assetized electric vehicles operating in Southeast Asia. Owning NFTs will return the vehicle rights and income generated from the electric vehicles to the owners. MVL allocates drivers with high creditworthiness through DePIN and vast TADA data, and allows for rapid driver replacement in the event of an emergency.

In particular, Web3 is an area where added value can be easily created through data fusion, so MVL DePIN's mobility network data is expected to gradually increase in utilization in the future.

In the future, we will combine DePIN data with data from various fields to build more useful and innovative services.

{% hint style="info" %}
**More details are available on the site below.**<br>

#### [*https://depin.mvlchain.io/*](https://depin.mvlchain.io/)

{% endhint %}


# MVL Fi

<figure><img src="https://lh6.googleusercontent.com/rlzn7BNNFmJqIO4AksBCJxa-bUk9BoRhEI1rezw_1floXU_hDIHKgmqEMtPkpdW5Jac9hU4McI0X_j8kwkeqPDbRtU48FBALIOlfqiL25RH1UdjmqBU1v8Fnp9du5xjdls-lQys9_hwSm4E6HY0qXujjQg=s2048" alt=""><figcaption></figcaption></figure>

#### **Millions of users who use MVL Mobility Services will be connected to the Web3 ecosystem.**

MVL's mobility services such as TADA and ONiON are popular services used by millions of Southeast Asian users every day. Real-time transactions are still occurring and MVL Token incentives are provided based on them.

In the future, numerous on-chain transactions of MVL Tokens are expected to occur through Clutch wallet. Various plans are underway to incentivize user activity on Clutch, such as exchanging MVL Tokens for mobility points and depositing MVL Tokens for discounted purchases of mobility services.

#### **Therefore, it is important to provide on-chain liquidity for MVL Token, the core asset of the ecosystem.**

For the sustainable growth of the MVL ecosystem, stable value exchange of MVL Token, the central asset of the ecosystem, must be ensured. This means that anyone should be able to buy or sell any desired amount of MVL Token at any time, and that the fluctuation of MVL Token's value in the market and user losses should be minimized.

In particular, for the mobility users newly entering the MVL ecosystem, the on-chain Token Swap method through Clutch Wallet can be more convenient and familiar than purchasing MVL Token through CEX exchanges.

#### **Participate in building the foundation infrastructure of the MVL Mobility ecosystem through MVL Staking.**

MVL Bridge website is operating a Staking program to secure on-chain liquidity of MVL Token. Anyone who holds MVL Token can participate, and proper rewards will be given according to the contribution.

Now, two types of Staking programs are being operated on ETH and BNB networks. Please check the User Guide section for detailed participation methods for each program.

* LP Staking (Farms)
  * Contribute to the liquidity supply of MVL token on ETH and BNB networks.
* Single Staking (Pools)

  * Contribute to the preparation work for side chains, mainnet, etc. that need to be reviewed in case of an increase in on-chain transactions in the future.

{% hint style="info" %}
**MVL Staking Links**<br>

#### MVL & bMVL Single Staking : [*https://mvlfi.mvlchain.io/pools*](https://mvlfi.mvlchain.io/pools)

#### ETH-MVL & BNB-bMVL LP Staking : [*https://mvlfi.mvlchain.io/farms*](https://mvlfi.mvlchain.io/farms)

{% endhint %}

{% hint style="info" %}
**MVL Staking User Guide**<br>

#### [***https://docs.mvlchain.io/user-guide/token-use-cases/mvl-staking***](https://docs.mvlchain.io/user-guide/token-use-cases/mvl-staking)

{% endhint %}


# MVL RWA (Musubi)

<figure><img src="/files/5xZPzaPPRKMOXnuWdMQu" alt=""><figcaption></figcaption></figure>

#### **MVL RWA operates an innovative financial program that is unlike any other in the world.**

Drivers working in ride-sharing services such as TADA are attracting attention as an excellent, highly profitable and stable job in the Southeast Asian market. However, in order to purchase a vehicle required for service, drivers must pay a high interest rate of more than 20%, and even this is difficult to obtain a loan.

On the other hand, in developed countries such as Korea and Japan, interest rates as low as 0% continue, and many investors are looking for various investment options. In particular, investors in developed countries with a high level of awareness are considering the ‘impact’ aspect of their investments, which means that their investments will contribute to a better world and a better environment.

MVL is implementing a new financial model that can satisfy the needs of both Southeast Asian drivers and developed country investors through MVL RWA. The core competitiveness of this is to reduce investment risks by utilizing MVL's mobility technology, operational experience, and technical characteristics of blockchain.

#### **The entire MVL RWA process utilizes both mobility technology and blockchain technology.**

The TADA RH App generates data such as profits and work continuity of drivers active in TADA, and uses this to operate an alternative credit rating model. Additionally, drivers can automatically pay a portion of TADA App profits every month, so the loan principal and interest repayment rate is also very high.

ONiON Mobility operates a rental program in addition to vehicle production. Vehicles sold under an installment model are continuously managed in the system, and managers can easily manage rented vehicles and payments through the dashboard. If the driver continues to fail to pay the rental fee, an alarm message will be sent through the ONiON App. and TADA App. We also have V2X technology that allows remote stopping of vehicles if non-payment accumulates over a long period of time.

MVL Blockchain technology can significantly lower the psychological barriers of overseas investors. Investors who purchase a vehicle will receive an NFT linked to the vehicle, and the ownership and rental rights of the vehicle are recorded through the NFT. Additionally, investors can increase the stability of their assets by being able to view vehicle data, driver information, investment returns, etc. recorded on the dashboard at a glance.

#### **MVL NFT, the core commodity of the Financing Protocol, can have various scalability in the future.**

Currently, you can prove ownership and rental rights of a vehicle through NFT. You can also access vehicle dashboards and various data boards to easily check your vehicle assets in other countries in real time.

Anyone can check real-time mileage data for ONiON vehicles and bikes at [***MVL Depin***](https://depin.mvlchain.io/vehicle-networks). The vehicle network provides detailed information about the vehicle's real-time driving status, location, and mileage.

Currently, MVL's energy infrastructure network carries out joint management of battery assets and joint recording of lifetime data with several partners, including PTT and Total Energy.

In the future, MVL plans to expand awareness and influence through more collaboration and marketing in the global blockchain scene.

{% hint style="info" %}
**More details are available on the site below.**<br>

#### [***https://musubi.fi/en***](https://musubi.fi/en)

{% endhint %}


# Musubi A/R FAQ

This FAQ covers key information to review before using Musubi A/R.

For step-by-step instructions on how to use Musubi A/R, please also refer to the Musubi A/R User Guide.

{% content-ref url="/pages/gz1j1kzFZaGi7XzHtoak" %}
[Musubi A/R User Guide](/mvl-blockchain/mvl-blockchain/mvl-rwa-musubi/musubi-a-r-user-guide)
{% endcontent-ref %}

### 1. About Musubi A/R

#### 1.1 What is Musubi A/R?

Musubi A/R is a platform that tokenizes receivables arising from mobility-related businesses and enables eligible users to purchase, manage, and redeem those tokenized receivables onchain.

Each offering displays key information such as face value, purchase price, payment due date, guarantee option, redemption method, applicable fees, and risk disclosures.

Tokenized receivables may provide a potential return, but they also involve risks, including the risk of loss. Please review the terms, conditions, and risk disclosures of each offering carefully before making any purchase.

#### 1.2 What does A/R mean?

A/R stands for Accounts Receivable.

In accounting, accounts receivable refers to the right to receive payment in the future, such as trade receivables or other payment claims.

In Musubi A/R, A/R refers to future payment claims arising from mobility-related contracts.

#### 1.3 What is a tokenized receivable?

A tokenized receivable is a receivable whose relevant information and ownership-related records are recorded on the blockchain as a token.

In Musubi A/R, users can check the holding status and redemption status of the underlying receivable through the tokenized receivable.

#### 1.4 What types of receivables does Musubi A/R handle?

Musubi A/R primarily handles short-term receivables generated from mobility-related businesses in emerging markets.

Please review the details of each individual offering on the relevant information page before making a purchase.

#### 1.5 Are the receivables based on real businesses?

Yes. The receivables handled by Musubi A/R are generated from real mobility-related businesses.

On each tokenized receivable’s detail page, users can review information such as the underlying business or contract, the original creditor, the obligor, the payment due date, and guarantee conditions.

Please review this information carefully before purchasing.

#### 1.6 What does face value mean?

Face value refers to the amount that the obligor is expected to pay for the relevant receivable.

Users may purchase all or part of the face value displayed for each tokenized receivable.

#### 1.7 What is the purchase price?

The purchase price is the amount a user pays to purchase the relevant receivable.

It is calculated by subtracting the discount amount set by the original creditor from the face value.

#### 1.8 What is the discount amount?

The discount amount is the difference between the face value and the purchase price.

If guarantee fees or other fees apply, the actual amount received and the effective return may differ from the displayed discount amount.

#### 1.9 What is the difference between USD and USDC?

USD is the currency unit used to display the face value or payment amount of a receivable.

USDC is the stablecoin used for purchase and redemption.

Musubi A/R distinguishes between the currency used to display the receivable amount and the currency actually used for purchase and redemption.

***

### 2. Returns, Guarantees, and Risks

#### 2.1 How are returns generated?

In Musubi A/R, returns are generated when a user purchases a receivable at a price lower than its face value and receives redemption in accordance with the terms of the tokenized receivable after the payment due date.

However, the actual amount received and the timing of redemption may be affected by factors such as the payment status of the obligor, guarantee conditions, fees, and other terms.

#### 2.2 How is the displayed annualized rate calculated?

The displayed annualized rate is an estimated annualized value calculated based on factors such as the purchase price, face value, number of days until the payment due date, and discount rate.

If guarantee fees or system usage fees are deducted separately, the effective return after fees may differ from the displayed value.

#### 2.3 What does the indicative annualized rate mean?

The indicative annualized rate is an annualized estimate based on the face value, purchase price, payment due date, and discount conditions confirmed at the time of purchase, assuming redemption is made at full face value.

However, the actual redemption amount or redemption timing may be affected by the payment status of the obligor, guarantee conditions, fees, or other factors.

#### 2.4 Are principal and returns guaranteed?

No. Principal and returns are not guaranteed.

For offerings with a guarantee option, guarantee coverage may be provided within a specified scope in accordance with the applicable guarantee terms.

However, the scope, procedures, exclusions, and execution of any guarantee are subject to the terms of the relevant offering and the applicable guarantee terms.

Please review the relevant terms and conditions before purchasing.

#### 2.5 Does 100% guarantee coverage mean the full amount will always be paid?

No. 100% guarantee coverage means the guarantee coverage ratio is set at 100% of the face value.

It does not mean that the full face value will be paid unconditionally in all circumstances.

The execution of any guarantee is subject to the applicable guarantee terms, the terms of the relevant offering, the smart contract design, and any required procedures.

#### 2.6 Who is the guarantor?

The guarantor is the party that provides a guarantee for the relevant obligation within a specified scope.

For offerings with a guarantee option, the name of the guarantor will be displayed on the relevant offering page.

#### 2.7 How are funds reserved for guarantee execution managed?

Funds reserved for guarantee execution are locked in a smart contract.

This structure is designed to restrict the guarantor from freely transferring those funds and to support the ability to perform guarantee obligations in accordance with the applicable terms.

#### 2.8 Does a guarantee eliminate the credit risk of the obligor?

No. Although locking guarantee funds in a smart contract is designed to separate certain credit risks of the individual obligor, it does not eliminate all risks.

Risks related to guarantee conditions, smart contracts, operations, laws and regulations, and other factors may still remain.

#### 2.9 What types of fees may apply?

Depending on the offering, fees such as guarantee fees, system usage fees, and gas fees for blockchain transactions may apply.

Fees other than gas fees will be displayed on the purchase page, confirmation screen, or dashboard.

#### 2.10 When are guarantee fees and system usage fees deducted?

In accordance with the relevant offering terms, if the screen indicates that a fee is “deducted at redemption,” the fee will be automatically deducted from the redemption amount.

#### 2.11 Is the displayed rate before or after fees?

The displayed estimated annualized rate is shown before the deduction of guarantee fees.

#### 2.12 What risks should I consider?

Key risks include non-payment or delayed payment by the obligor, risks related to guarantee conditions, liquidity risk, blockchain and smart contract risks, wallet operation errors, legal, tax, and accounting risks, and risks related to foreign exchange and stablecoins.

Please review the terms and risk disclosures of each offering carefully before purchasing.

#### 2.13 Is there a possibility of loss?

Yes. Losses may occur.

Losses may arise due to non-payment by the obligor, non-application of a guarantee, redemption delays, wallet operation errors, blockchain-related issues, or other factors.

Please review the relevant terms and risk disclosures before purchasing.

#### 2.14 What is liquidity risk?

Liquidity risk refers to the risk that a purchased receivable or token cannot be sold at the desired time or price.

#### 2.15 What is smart contract risk?

Smart contract risk refers to the risk that purchase, token issuance, redemption, guarantee execution, or other processes may be affected by program defects, unexpected behavior, network failures, external service failures, or similar issues.

#### 2.16 What is stablecoin risk?

Stablecoin risk refers to risks related to stablecoins such as USDC, including risks involving the issuer, reserve assets, regulations, liquidity, price stability, and supported transfer networks.

***

### 3. Purchase, Currency, and Wallet

#### 3.1 How do I purchase a receivable?

Select the relevant offering from the tokenized receivables list and enter the face value amount you wish to purchase.

After confirming the purchase price, guarantee fee, payment due date, redemption method, risk disclosures, and other information, approve the payment using the wallet connected to the Musubi A/R official website.

Once the onchain transaction is completed, the purchase will be reflected on your dashboard.

#### 3.2 What should I check before purchasing?

Before purchasing, please review all information shown on the offering page and purchase confirmation screen.

In particular, please check the following items carefully:

* Face value
* Purchase price
* Payment due date
* Guarantee coverage
* Fees
* Redemption method
* Risk disclosures
* Wallet network

Blockchain transactions cannot be reversed.

Please make sure you fully understand the relevant terms and risk disclosures before proceeding.

#### 3.3 Can I cancel after purchasing?

No. Once an onchain transaction is completed, it cannot be canceled.

Please review the relevant terms, payment amount, payment due date, guarantee conditions, and risk disclosures before purchasing.

#### 3.4 Can I purchase multiple offerings at the same time?

Yes. Multiple offerings may be purchased.

However, the terms, payment due dates, guarantee fees, and other details of each tokenized receivable should be reviewed individually.

#### 3.5 Which currency is supported?

Currently, Musubi A/R supports USDC on the Base network.

ETH on the Base network may also be required as gas for blockchain transactions.

#### 3.6 What happens if I send USDC on the wrong network?

If you send USDC on the wrong network, you may lose your assets.

Before purchasing, please make sure your wallet is connected to the network specified by Musubi A/R.

#### 3.7 Why does Musubi A/R use the Base network?

Base is suited for low-cost, fast onchain transactions using USDC.

Musubi A/R uses Base to make processes such as purchasing receivables, issuing tokens, and redemption more efficient.

Support for additional chains may be considered in the future.

#### 3.8 Are gas fees required?

Yes. Gas fees may be required for transactions on the Base network.

How gas fees are displayed may vary depending on your wallet and the transaction details.

Please check the information shown in your wallet before completing any transaction.

***

### 4. Redemption, Transfer, and Onchain Records

#### 4.1 How does redemption work?

Redemption is carried out after the payment due date in accordance with the terms of the relevant offering.

Once the tokenized receivable becomes redeemable, the redemption button on the dashboard will become available. Users should complete the redemption process by following the instructions on the screen.

#### 4.2 What is redemption?

Redemption is the process of receiving funds when a purchased tokenized receivable reaches its payment due date, in accordance with the relevant terms.

The amount received is calculated based on factors such as the face value, applicable fees, guarantee fees, the payment status of the debtor, and guarantee conditions.

#### 4.3 What happens if the obligor does not pay on the payment due date?

If the obligor is late in making payment, redemption may also be delayed in principle.

However, for offerings with a guarantee option, payment may be executed in accordance with the guarantee conditions. As a result, even if the obligors payment is delayed, users may still be able to receive payment on the scheduled date.

Please review the terms of each offering and the applicable guarantee terms for details.

#### 4.4 How is the redemption amount determined?

The redemption amount is determined based on the face value, guarantee fees, system usage fees, payment status, whether the guarantee applies, and other conditions.

The dashboard may display an estimated redemption amount after fee deductions.

#### 4.5 Can I sell the token before the payment due date?

At this time, Musubi A/R does not support transfers of tokenized receivables to third parties or secondary trading.

Support for this feature is planned for future updates.

#### 4.6 What can I check on the dashboard?

On the dashboard, users can check information such as the purchase price, face value, payment due date, guarantee coverage, guarantee fee, estimated redemption amount, redemption status, and transaction history of purchased tokenized receivables.

#### 4.7 Why is the redemption button not clickable?

The redemption button becomes available once the payment due date has arrived.

However, the button may be temporarily unavailable while the system is processing or conditions are being checked.

If the situation does not change after some time, please contact support.

#### 4.8 How are payment records stored?

Registered payment records and transaction history are recorded on an electronic ledger called a blockchain.

Due to the characteristics of blockchain technology, these records are stored in a way that is difficult to alter.

#### 4.9 What is a transaction hash?

A transaction hash is an identifier used to distinguish a specific transaction on the blockchain.

It will be displayed on the purchase completion screen. We recommend keeping it for reference in case any issue occurs.

#### 4.10 Is information recorded on the blockchain public?

Yes. Due to the nature of blockchain technology, transaction information recorded onchain is public.

***

### 5. Eligibility, Troubleshooting, and Security

#### 5.1 Who is the original creditor?

The original creditor is the party that owns the relevant receivable and sells it through Musubi A/R.

#### 5.2 Who is the obligor?

The obligor is the party that is obligated to make payment under the underlying contract.

In the case of a vehicle rental contract, the obligor is typically the driver using the vehicle.

#### 5.3 Why is the obligor’s personal information not displayed?

If the obligor is an individual, their personal information is strictly managed.

Only a unique ID will be displayed on the platform.

#### 5.4 Can Musubi A/R be used from outside Japan?

If you access Musubi A/R from outside Japan, you are responsible for checking and complying with the laws and regulations of your country of residence or place of use.

If use of Musubi A/R is not permitted under local laws or regulations, please refrain from using the service.

#### 5.5 Can anyone use Musubi A/R?

No. Musubi A/R is not available to everyone without restriction.

Sanctioned persons, anti-social forces, persons prohibited from using the service under applicable laws or regulations, and any other persons deemed inappropriate by Musubi A/R may not use the service.

Additional checks or usage restrictions may be applied where necessary.

#### 5.6 Is KYC required?

In principle, KYC is not required.

However, identity verification or submission of additional information may be requested in the future depending on legal requirements, the relevant offering, or usage conditions.

#### 5.7 How should I think about taxes and tax filing?

The tax treatment of income, gains, or losses arising from the use of Musubi A/R may vary depending on your country of residence, transaction details, holding status, and other circumstances.

Please check the relevant tax treatment yourself or consult a qualified tax professional if necessary.

#### 5.8 What should I do if the screen freezes during the purchase process?

First, please do not close the browser tab and wait for a while.

Then check the actual transaction status using your wallet or a blockchain explorer to confirm whether the transaction has been completed.

If the issue continues, or if the transaction appears to be completed but is not reflected on the platform, please contact support with the transaction hash and details of the screen where the issue occurred.

#### 5.9 The payment appears completed in my wallet, but it is not shown on the dashboard. What should I do?

After a blockchain transaction is completed, it may take some time for the information to be reflected on the dashboard.

If it still does not appear after some time, please contact support.

#### 5.10 Can mistakenly sent funds be recovered?

If USDC is sent to an incorrect address, sent on an unsupported network, or sent directly to a contract address, recovery of the funds may not be possible.

Before sending any funds, always confirm the network, wallet address, and transaction details shown on the purchase screen.

#### 5.11 What information should I provide when contacting support?

To help us resolve the issue quickly, please provide as much of the following information as possible:

* Wallet address
* Offering name or invoice ID
* Transaction hash
* Screen where the issue occurred
* Time of occurrence
* Detailed description of the issue

Private keys, secret recovery phrases, and passwords are critical information for asset management.

Musubi A/R and its support staff will never ask for this information. Never share it with any third party.

#### 5.12 How can I protect myself from fake websites and scams?

When using Musubi A/R, always access the service through the official website, official social media accounts, or official announcements.

Please be careful with search ads and links shared by third parties.

Before connecting your wallet or completing any transaction, always check the URL and transaction details carefully.

#### 5.13 Do I need to share my private key or recovery phrase with support?

No. You do not need to share them.

Musubi A/R and its support staff will never ask for your private key, secret recovery phrase, or password.

If you share this information with another person, you are highly likely to lose all assets in your wallet. Never share it with anyone.

***

### Closing

Musubi A/R marks the beginning of a new RWA experience powered by real-world mobility.

We look forward to making RWAs more accessible, practical, and transparent for users around the world.

[Musubi A/R User Guide](https://x.gd/ESVtw)

***

*This page is provided for general informational purposes only and does not constitute a recommendation to purchase tokenized receivables or use crypto assets. Before using Musubi A/R, please make sure to review the terms, conditions, important notices, guarantee details, and risk disclosures for each tokenized receivable.*


# Musubi A/R User Guide

```
Start your Musubi A/R experience with USDC on Base 🌐🚙
```

## Musubi A/R: Purchase and Redemption Guide

Musubi A/R is a Mobility RWA product that allows users to purchase and redeem tokenized receivables generated from real mobility businesses on the Base network.

This guide provides an overview of how to purchase Musubi A/R tokens and how to redeem them after the payment date.

Before getting started, please make sure you are accessing Musubi A/R from a PC browser and that you have **USDC and ETH on the Base network**. USDC is used to purchase Musubi A/R tokens, while ETH is used to pay gas fees for on-chain transactions.

## How to Purchase

### **Step 1: Connect your wallet**

* Open the [**Musubi A/R website**](https://musubi.fi/musubi-ar) from your PC browser.
* Click **Login** in the upper-right corner of the screen.
* Select **Continue with a wallet** and connect your wallet, such as MetaMask.
* After logging in, register a passkey in security settings for easier biometric logins (Face ID, fingerprint, etc.) without MetaMask.

⚠️ Before purchasing or redeeming, please make sure your wallet is connected to the **Base network.**

<figure><img src="/files/gZ1zLJTuFQStWJPxFRRE" alt=""><figcaption></figcaption></figure>

### **Step 2: Select a tokenized receivable**

* Click **Marketplace** in the header.
* Choose the tokenized receivable you would like to purchase based on conditions such as due date or estimated APY.

ℹ️ Musubi A/R tokens can be purchased from **10 USDC**. There is a unit incremental of purchasable amount. If you see an “Invalid Amount” message, please click the suggested value below.

<figure><img src="/files/ArnJLqRHlMKzpmzQF4Su" alt=""><figcaption></figcaption></figure>

### **Step 3: Enter the purchase amount and add it to your cart**

* Enter the face value amount you would like to purchase.
* Review the details and click **Add to Cart**.
* Go to the Cart page, check the token(s) to purchase.

ℹ️ To change the purchase amount, click **Edit**. To remove the item from your cart, click **Delete**.

<figure><img src="/files/Pzo7AFbD6UjcgFdo1EK1" alt=""><figcaption></figcaption></figure>

### &#x20;**Step 4: Review and approve your purchase**

* If everything in your cart looks correct, click **Confirm Purchase**.
* Read the important information before purchase and mark the checkbox.
* Approve the transaction in your connected wallet.

⚠️ Before approving the transaction, please make sure to review your purchase details, the terms, and all important information carefully. Once a transaction is submitted on-chain, it is not possible to cancel it.

<figure><img src="/files/qW0zyfceUT9ksB8dn1qc" alt=""><figcaption></figcaption></figure>

### &#x20;**Step 5: Confirm your purchase**

* When the following screen appears, your purchase is complete.
* Click **Go to Portfolio** to view your purchased receivables and purchase history.

<figure><img src="/files/3459lHCgAqMtIfUbTJIL" alt=""><figcaption></figcaption></figure>

## **How to Redeem**

Once the payment date arrives, the redemption button for the relevant token will become active on your dashboard.

Redemption is not automatic. After the payment date arrives, please complete the redemption process by yourself.

### **Step 1: Open your dashboard**

* Click **Dashboard** in the header.
* Find the token whose due date has arrived.
* Click the active redemption button for that token.

<figure><img src="/files/xd0K0cZe6QhPDSO0GLoj" alt=""><figcaption></figcaption></figure>

### Step 2: Review the redemption details

* A redemption confirmation pop-up will appear.
* Review the checkbox content and check the checkbox.
* Click the redemption button in the lower-right corner.

<figure><img src="/files/XoA3zbKbpBiYMibZFXf7" alt=""><figcaption></figcaption></figure>

### Step 3: Confirm redemption completion

* When the redemption completion screen appears, the redemption process is complete.
* Click the transaction ID shown below the redeemed amount to view the transaction on BaseScan

<figure><img src="/files/VI06bT7aiTAoQ98yhAJB" alt=""><figcaption></figcaption></figure>

## FAQ

### **1. What do I need before purchasing?**

To use Musubi A/R, you will need a crypto wallet, USDC on the Base network, and a small amount of Base ETH for gas fees.

### **2. Why is the redemption button not visible or not clickable?**

The redemption button becomes active only after the payment date arrives. Please check the payment date of the token on your dashboard or on the token detail page.

### **3. How can I check whether my transaction was successful?**

After purchase or redemption, you can check the transaction status on BaseScan using the transaction ID shown on the screen.

### **4. What should I do if my purchased token does not appear?**

It may take a short time for your portfolio to update after the purchase is completed. Please wait a moment, then check your portfolio again.

* Login button in the upper-right corner of the screen.
* When the login screen appears, click "Continue with a wallet" and connect your crypto wallet, such as MetaMask.


# Clutch Wallet

<figure><img src="/files/QVODjdDU4FYOMSDeWt3N" alt=""><figcaption></figcaption></figure>

#### **Clutch is the official mobile cryptocurrency wallet of the MVL Mobility ecosystem.**

Most mobility users are not yet familiar with blockchain. Global wallet services still have barriers to the mass adoption of Web3 services, such as inconvenient UI/UX, private key management, and fee issues.

Clutch Wallet was created to improve existing wallet services and lead millions of mobility service users come to Web3. Considering the needs of local users in Southeast Asia, we focused on implementing user-friendly UI/UX such as social login method, 2/3 private key recovery mechanism, preferential use of MVP (MVL Point) connected 1:1 with MVL Token, and inducing them come to the blockchain step by step.

Users can easily acquire, use, and manage various cryptocurrencies, including MVL, through Clutch. It also supports key features such as receiving, sending, and on-chain transactions (swap) with other tokens. It currently supports Ethereum, Binance, Tezos, and Klayton networks, and plans to expand to various multi-chain networks and add support tokens in the future.

<table><thead><tr><th width="166"> </th><th>BNB Chain</th><th>Ethereum</th><th>Tezos</th><th>Klayton</th></tr></thead><tbody><tr><td>Mainnet Coin</td><td>BNB</td><td>ETH</td><td>XTZ</td><td>KLAY</td></tr><tr><td>Support Token</td><td>bMVL, BTCB, USDT, BUSD</td><td>MVL, USDT</td><td>tzBTC, kUSD, QUIPU</td><td>GXA</td></tr></tbody></table>

#### **Various mobility services, users, goods, and data in the MVL ecosystem are connected through Clutch.**

Users participate in various missions through Clutch's Mission tab and receive MVP as a reward. It is divided into missions related to mobility services, partnership programs with partner blockchain products, and missions provided by Clutch itself.

In addition, goods of various mobility services that apply the Incentive Protocol provided by MVL can also be exchanged for MVP and MVL through Clutch. Currently, rewards such as TADA Points given as rewards within the TADA service can be exchanged for MVP through Clutch.

The MVP received as a reward can be used again in partnership mobility services. This is provided in various forms of coupons and products in the Shop tab and plans to gradually expand from TADA Ride coupons and ONiON Battery Swap coupons to various product categories.

The majority of mobility users come to the Web3 ecosystem through the Clutch wallet. This starts with the user exchanging the same amount of MVP they possess for MVL Tokens at a 1:1 ratio. Users can send MVL Tokens to exchanges or exchange them for other coins at any time, and can also gain additional rewards by contributing to the creation of the MVL blockchain infrastructure through Staking.

#### **The first step come to the MVL ecosystem, Clutch Wallet!**&#x20;

**Download it now and enjoy various benefits.**

{% hint style="info" %}
**Clutch Download Links**<br>

* IOS: [***https://apps.apple.com/us/app/clutch-wallet/id1598853856***](https://apps.apple.com/us/app/clutch-wallet/id1598853856)
* Android: [***https://play.google.com/store/apps/details?id=io.mvlchain.wallet***](https://play.google.com/store/apps/details?id=io.mvlchain.wallet)
  {% endhint %}

{% hint style="info" %}
**Please refer to the Clutch User Guide.**<br>

* [***https://docs.mvlchain.io/user-guide/clutch-wallet-guide***](https://docs.mvlchain.io/user-guide/clutch-wallet-guide)
  {% endhint %}


# Web2-Web3 Bridging

#### **With Clutch Wallet, the Web3 entry barrier for mobility users disappears.**

For those who are new to blockchain wallets, they must endure the registration process, warnings about the risk of losing their private keys, and the inconvenience of having to store their Seed Phrase, which is a major entry barrier for Web3.

Clutch Wallet has introduced a step-by-step login system to provide users with sufficient adaptation time before entering Web3. This minimizes the entry barrier.

1. **Non-Login**\
   When mobility users first download Clutch, they can view major content without separate service registration.<br>
2. **Social Login**\
   If users want to receive incentives acquired from the mobility service or participate in various missions in Clutch, they only need to proceed with a one-click social login process. In particular, the entry barrier has been lowered by providing methods familiar to Southeast Asian mobility users, such as Google, Apple, and Facebook. At this stage, the function of swapping mobility service points for MVL Points is also activated.<br>
3. **Create and use blockchain wallet**\
   Users will become more familiar with Web3 through their activities in Clutch. If users want to exchange the MVL Points they have accumulated for actual MVL Tokens, they can create a blockchain wallet at this stage. The process of creating a Web3 account, such as recording the Seed Phrase and managing the Private Key, can be complicated for new users, so they can proceed at any time considering their own time availability, internet status, and help from acquaintances.

#### Web2 Mobility points can be exchanged for Web3 Crypto Asset.

Most Web2 mobility services operate their own point currency as part of their incentive system. These point currencies hold a stable value equivalent to cash within the service.

Clutch Wallet provides a Point to Token swap solution for Web2 mobility services to enter the Web3 ecosystem. The user's mobility points held in Clutch Wallet will be exchanged with MVL Points, which can be converted to actual MVL Tokens at any time. As a result of the exchange process, periodic settlements occur between the mobility service and MVL Foundation, which effectively has the same effect as MVL buybacks.

Users only need to connect their Clutch Wallet and mobility service account once. After that, users can exchange various mission rewards obtained from the mobility service into MVL at any time through Clutch Wallet.

#### MVL contributes to blockchain mass adoption through groundbreaking UI/UX improvements.

While maintaining the security, we have introduced a solution for distributing private keys to alleviate concerns about storing personal seed phrases. The user's private key fragments are distributed among the user, MVL, and a third party, and recovery can be carried out if 2 out of 3 parties match the user's social login account. This reduces the user's concerns about losing their private key.

We have improved the wallet UI to allow users to view various token assets from multiple networks at a glance. In the future, various missions will be carried out on Clutch Wallet, and users can also acquire third-party tokens. We have improved convenience so that users can easily view these various assets without selecting a network.

In addition, various on-chain activities can also be easily carried out through Clutch. Currently, connection to the Web3 homepage through the Dapp browsing function, on-chain swap (Trade) that helps exchange between tokens, and participation in various liquidity supply programs (Staking) provided by MVL are prepared. In the future, we plan to provide various on-chain programs for MVL token holders through Clutch.


# Assetization of Mobi Datas

#### **Clutch is an infrastructure that implements new products and services that combine mobility and blockchain.**

Various mobility data generated in the MVL ecosystem can be reborn as new products on the blockchain network through incentive protocols, financing protocols, and more.

These products are implemented in standardized asset form on an open blockchain network for everyone. Therefore, it can reach a new user base with a different nature from existing Web2 markets and can have great scalability, such as collaboration programs with various Web3 services.

#### **TADA and other mobility services can introduce products such as coupons and passes to Web3 users.**

The mobility services in the MVL ecosystem can not only apply the incentive protocol, but also sell their own service products at Clutch Shop.

Based on their accumulated experience, the MVL team supports successful first meetings between partnership services and Web3 users by providing consulting on appropriate discount rates, price ranges, token utilization for sales and settlements, as well as events and marketing within Clutch.

In the long term, we are also considering NFT-izing mobility service passes and tickets to provide benefits in the secondary market.

#### **Mobility assets and infrastructure such as vehicles and batteries can be linked to NFTs and commercialized directly.**

If you connect various data sets generated by vehicles and batteries to NFTs in a 1:1 manner, you can manage various rights such as ownership and rental rights in the form of NFTs. In other words, models are being considered such as investors proving vehicle ownership as NFTs, lending it to taxi companies to earn rental income, and remotely managing assets through NFTs.

This will be operated directly through MVL's financing protocol, and is expected to play a significant role in the rapid expansion of new vehicles and infrastructure, especially in the Southeast Asian mobility market.


# Open Infra for Mobility

#### **Clutch Wallet is an open infrastructure in which all Web2 mobility companies and users can participate.**

Clutch Wallet will evolve into an independent open infrastructure for connecting numerous Web2 mobility services worldwide, not just TADA and ONiON, which are directly operated by MVL.

To expand the Clutch infrastructure, securing mutual connectivity with Web2 services is crucial. Therefore, over the past two years, Cambodia's TADA has separately conducted the creation, sale, and management of service products such as user incentives, service re-entry, and coupons through an independent Clutch Wallet app. Through this, we have derived various improvements for Clutch Wallet and are continuously improving it.

#### **Clutch Wallet provides various benefits for mobility companies.**

You can adopt MVL Protocol for the rapid growth of existing services. MVL offers solutions such as Incentive Protocol for platform services such as TADA RH, Financing Protocol for manufactured services such as vehicles and infrastructure such as ONiON, which runs through Clutch.

You can also meet with Web3 users who are active on Clutch. As most Clutch users are Asian users, companies can use Clutch for securing initial users in the Asian market, branding, and more.

It is also possible to develop new products in the Web3 format. Selling service products such as mobility coupons and various vehicle products is possible, and support for developing and launching NFT and Tokens, as well as promotion, is also available if needed.

#### Our plan is to complete the MVL Mobility Blockchain ecosystem in Clutch Wallet in the long run.

The data transactions in the mobility sector are massive, as evidenced by the daily occurrence of over 100,000 payment transactions in TADA Singapore alone. If multiple services participate in the MVL ecosystem in the long term, it will be a huge burden to pay the massive transaction fees to the public network.

Therefore, we are considering a Mainnet ecosystem in collaboration with mobility companies participating in the MVL ecosystem in the long term. Mobility companies can participate as validators in the blockchain and receive rewards accordingly. These rewards can be reused to reduce service fees or introduce incentives to activate the service.

If this large MVL mobility ecosystem is implemented, entry and participation in the blockchain core infrastructure of services and users, partner service connections, Dapp ecosystem implementation will all be carried out within Clutch Infra. Please continue to follow Clutch Wallet's continuous updates and ecosystem growth.


# MVL Token Economy

<figure><img src="/files/mtj8hFLWXXbKL7ffxKOY" alt=""><figcaption></figcaption></figure>

#### **The core of MVL Economy is a circular token economy based on mobility real business.**

The external value generated from mobility services such as TADA flows into the token ecosystem. The inflow of this mobility value goes through Clutch Wallet and into Open Treasury.

Due to the limited issuance of MVL Tokens, the circulation of the tokens must be organically integrated for the utility function to continue in the ecosystem. This economic cycle is transparently carried out through Buy & Store & Release via Smart Contract in Open Treasury.&#x20;

For the circulation of the economy, Tokens purchased from mobility business profits will be stored in the Treasury and redistributed back to the MVL ecosystem. In the future, major ecosystem policies such as MVL Token distribution ratios by category will be determined through Governance(the consensus of MVL Token Holders).

#### **MVL Token is a core asset of the MVL Mobility ecosystem.**

MVL Token can be used in various services and products within the MVL Mobility ecosystem as a Utility Token. The use cases of MVL Token, such as purchasing coupons and swapping points in Clutch Wallet, paying fees for partnership services and companies, will be expanded in the future.

The on-chain Governance will also be introduced to allow MVL holders to directly participate in major decisions of the ecosystem. From the initial MVL Treasure ecosystem distribution process, you can actively propose various opinions and receive rewards accordingly.

#### **Participate in liquidity supply (staking) provided by the MVL ecosystem network.**

MVL Token is an asset on major public networks such as ETH and BNB. In order to expand the usability of the token and strengthen governance functions in the future, it is essential that the acquisition and sale of MVL Token be smoothly conducted on the on-chain.

To this end, the MVL Bridge website has a LP staking system. Any MVL holder can provide liquidity between mainnet coins such as MVL-ETH and bMVL-BNB and receive rewards accordingly.


# Token

## **MVL Token**

MVL is building a platform that utilizes blockchain to collect, store, and utilize various data generated in the mobility ecosystem such as vehicles and users. Currently, it transparently manages activity records of drivers and riders in mobility services, as well as purchase, driving, accident, and maintenance records of vehicles, and provides an environment to directly utilize them through the Clutch wallet.

MVL Token is used as a means for exchanging and rewarding data (including products utilizing data) within the MVL platform. In particular, users and vehicles in the MVL ecosystem can receive MVL Tokens as rewards according to their participation, which can be reused in mobility services.

## **MVL Token Specs**

#### ***Name & Contracts***

* MVL(ERC20) : [***0xa849eaae994fb86afa73382e9bd88c2b6b18dc71***](https://etherscan.io/token/0xa849eaae994fb86afa73382e9bd88c2b6b18dc71)
* bMVL(BEP20) : [***0x5f588efaf8eb57e3837486e834fc5a4e07768d98***](https://bscscan.com/token/0x5f588efaf8eb57e3837486e834fc5a4e07768d98)
* jMVL(TON) : [***EQD2yazA2wf5AY2joEzGUDGk0cQWxEa2NdiP4Zgf9-eF04tp***](https://tonviewer.com/EQD2yazA2wf5AY2joEzGUDGk0cQWxEa2NdiP4Zgf9-eF04tp)

#### ***ERC20↔BEP20 Bridge***

* [***https://mvlfi.mvlchain.io/***](https://mvlfi.mvlchain.io/)

#### ***Circulation***

* Total Circulation : **30,000,000,000 MVL**
* Max Circulation : **27,802,958,863 MVL** (**2,197,041,137 MVL Burned**)
* Current Circulation : [***https://www.gopax.co.kr/unlock-schedule?token=MVL***](https://www.gopax.co.kr/unlock-schedule?token=MVL)

#### **CoinmarketCap & CoinGecko**

* CoinmarketCap : [***https://coinmarketcap.com/currencies/mvl/***](https://coinmarketcap.com/currencies/mvl/)
* CoinGecko : [***https://www.coingecko.com/en/coins/mass-vehicle-ledger***](https://www.coingecko.com/en/coins/mass-vehicle-ledger)

## Exchanges

<figure><img src="/files/Ov8lTFCMOKLjLNvlTDLW" alt=""><figcaption></figcaption></figure>

## **Token&#x20;*****Utility***&#x20;

* Used to purchase MVL’s mobility NFT
* User compensation based on participation in mobility services
* Protocol usage fees from affiliated mobility service companies
* Purchase and use of products from affiliated mobility services
* MVL Network liquidity supply and compensation
* Participate in major ecosystem decisions.

{% hint style="info" %}
**MVL Token Total Analytics**

#### [***https://dune.com/mvlchain/mvl-token-total-analytics***](https://dune.com/mvlchain/mvl-token-total-analytics)

**Data is updated once on Mondays.**
{% endhint %}


# Governance

## What is Governance?

Governance refers to a system in which members of a community can freely present their opinions and collectively make key decisions.

In general, in blockchain projects, governance refers to a series of processes where token holders of the project propose various development strategies, engage in discussions, and make decisions through voting for the growth, development, and benefits of the ecosystem.

In particular, a voting system targeting token holders is one of the tools that realizes governance in a very intuitive and rational manner. Token holders actively and carefully participate in ecosystem decision-making because the voting results are linked to the growth of the ecosystem and directly related to individual interests. As a result, most blockchain projects operate governance targeting token or NFT holders.

## MVL Governance Rules

<figure><img src="/files/vwayyjqWTvfy0NcL3ZxC" alt=""><figcaption></figcaption></figure>

#### Step 1 **Discussion (TBA)**

* MVL holders can share various opinions on all projects in the MVL ecosystem.
  * Holders can suggest various opinions, such as future project development directions and modifications to the current project.
* If the proposals from MVL holders meet certain conditions, they will be raised as official voting items through a snapshot.
  * The criteria for selecting proposal voting items will be announced after the discussion system is established in the future.
* The MVL Team is currently considering introducing a separate governance-specific page to facilitate smoother opinion collection and constructive discussions, which will be announced later.
* Items that cause discomfort to others, such as profanity or excessive offensive expressions, may be deleted without prior notice.

#### Step 2 **\[ MIP ] Agenda**

* Proposals that meet certain conditions will be elevated to official voting items through a **snapshot**. The MVL team will directly handle the upload, content creation, and voting proposal for official items.
* To review the proposed content in the snapshot and participate in future voting, you must first join the MVLChain snapshot community.
  * MVL snapshot website : [***https://snapshot.org/#/mvlchain.eth***](https://snapshot.org/#/mvlchain.eth)
* After official items are posted on the snapshot, MVL token holders can express their opinions through voting for a certain period of time.

#### Step 3 **Vote**

* To vote in the snapshot, you need to **connect a blockchain wallet address that holds MVL tokens, bMVL tokens, or NFTs used in the MVL ecosystem.**
* **The more MVL+bMVL+NFT you have, the more influence you can have.**
* For detailed instructions on using the snapshot, please refer to the following Gitbook:
* For inquiries about voting, please use the Google Form in the snapshot community.
  * The method of inquiry may change to "inquiry within the self-forum" or other methods in the future.

#### Step 4 **Announcement**

* The final voting results and MVL Foundation's future action plans will be announced through the snapshot MVL community and official MVL Social Media channels approximately one week after the voting ends.
* The MVL Foundation plans to reflect the voting results in future business and development schedules, and will continuously notify the community of the progress.

{% hint style="info" %}
**First, we plan to proceed with \[ MIP ]Agenda → Vote → Announcement in the initial stage.**

**Once the governance is sufficiently activated through several governance votes in the future, we plan to operate a separate governance page where participants can engage in mutual discussions.**&#x20;

We kindly request active governance participation.
{% endhint %}

{% hint style="info" %}

* **Governance Voting Site**

  [***https://snapshot.org/#/mvlchain.eth***](https://snapshot.org/#/mvlchain.eth)

* **Governance User Guide**

  [***https://docs.mvlchain.io/user-guide/token-use-cases/governance***](https://docs.mvlchain.io/user-guide/token-use-cases/governance)&#x20;
  {% endhint %}


# Treasury

<figure><img src="https://lh5.googleusercontent.com/E-QmTxr6KDHLd_oqvxvdgxdET0ITkDeIJp6pTCt08PV2uGx5HmGok5sh0XvbVE4TUM0jaQy6IHDRfS3NbOc7rvw7VoM6p7mqgv6ssqIxQ-5Hur9ClGVDacsVHrwjBopTksKkCc-0qQg2L9qalHaG2kmQRQ=s2048" alt=""><figcaption></figcaption></figure>

#### **MVL aims to establish a robust Token Economy based on actual mobility businesses.**

One of the problems that most Web3 projects face is that the circulation of all values starts and ends with Crypto Assets. This can make it difficult to operate a stable ecosystem in the long run, as user numbers, revenue, rewards, and more vary greatly depending on real-time fluctuations in Crypto values.

However, the MVL ecosystem is a circular structure that starts with actual operating mobility services and continues to mobility services. In particular, MVL Token Economy is organically linked to mobility services, such as TADA, which are steadily growing and generating stable revenue.

Accordingly, stable and long-term Token Economy planning is possible. By organically connecting actual mobility businesses and Token ecosystems, the model of service-token co-growth that all Web3 projects pursue can actually be realized.

#### **As mobility services grow, MVL value also grows together.**

Mobility in the MVL ecosystem is connected to the MVL Token Economy through Clutch. As a result, Clutch generates various on-chain and off-chain revenue, such as the sale of mobility coupons, point swaps for mobility users, and the utilization fees of affiliated companies' protocols.

The mobility-related product sales generated by Clutch are periodically channeled into the Open Treasury. In this process, the transfer of value ultimately occurs in the form of MVL Tokens, and the MVL Buy-Back algorithm can be systemically activated during this process.

MVL Tokens channeled into the MVL Open Treasury must undergo a certain period of store. Since this is controlled through Smart Contract, store cannot be arbitrarily released mid-term.

Tokens that have completed the store period are generally kept in the treasury. If token release is necessary for ecosystem expansion and circulation, detailed arrangements will be made through governance voting. Governance is led by MVL Token holders, who will make rational decisions for the growth of the MVL ecosystem value.

Based on the "Mobility Sales → MVL Token → Store → Governance → Release" economy system, a structure is completed where the growth of mobility services and MVL value are organically linked.

#### **We plan to establish a separate Treasury for the efficient operation and risk management of new products.**

In the future financing protocols, we will operate new mobility products using NFTs, such as "rental (subscription) service for vehicles purchased" and encourage user participation in these new products. For risk management, a separate Risk Treasury may be established.

For example, a portion of the new product's revenue will be placed in the Risk Treasury, and if the product is successfully operated for three years and the store is released, the company will be motivated to make more efforts for the product's success during the three-year operational period. If this process is done through a Smart Contract, a new mobility blockchain product with lower risk, higher transparency, and reliability can be established.

* **General Purpose**
  * The net profit from MVL Mobility Economy circulation goes to MVL Clutch Net Profit, and this net profit goes to MVL Open Treasury. The process of net profit going into MVL Open Treasury is called Value In.
  * If the net profit from MVL Mobility Economy circulation goes to Ecosystem Revenue Fund, it will be stored up for two years.
* **Specific Purpose**

  * Users who purchase NFTs linked to ONiON TukTuk operated in Cambodia cannot cash out their NFTs for three years. In other words, the NFT is stored up for three years.
  * If a driver fails to pay MVL three times or more on time, the money will be automatically withdrawn according to the Smart Contract.

{% hint style="info" %}
**MVL Treasury Information**

#### [***https://dune.com/mvlchain/mvl-treasury-information***](<https://dune.com/mvlchain/mvl-treasury-information >)

**Data is updated once on Mondays.**
{% endhint %}


# Milestone & Road Map


# Milestone

<table><thead><tr><th width="95">Year</th><th width="84">Month</th><th>Key Progress</th></tr></thead><tbody><tr><td>2018</td><td>7</td><td>TADA launched in Singapore for the first time</td></tr><tr><td> </td><td>9</td><td>MVL conducted a smart mobility R&#x26;D project supervised by the Ministry of Land, Infrastructure and Transport of Korea</td></tr><tr><td></td><td>11</td><td>TADA Singapore acquired Taxi Brokerage Business License</td></tr><tr><td>2019</td><td>1</td><td>TADA launched in Vietnam</td></tr><tr><td> </td><td>5</td><td>TADA officially launched in Cambodia</td></tr><tr><td>2020</td><td>4</td><td>TADA opened delivery service</td></tr><tr><td> </td><td>11</td><td>TADA acquired Ride Hailing Service License (RSOL) from the Singapore Government</td></tr><tr><td> </td><td>12</td><td>MVL won the 4th Industrial Revolution Science and Technology Information and Communication Committee Chairperson Award</td></tr><tr><td>2021</td><td>4</td><td>MVL attracted Series B investment (cumulative KRW 34 billion)</td></tr><tr><td> </td><td>7</td><td>MVL signed driver data NFT contract with Tezos</td></tr><tr><td> </td><td>8</td><td>MVL signed an MOU with the Ministry of Education of Cambodia</td></tr><tr><td> </td><td>12</td><td>MVL supports bridge between ERC and BNB network</td></tr><tr><td>2022</td><td>2-3</td><td>ONiON Launched Electric Tricycle T1 and Opened Mega Station</td></tr><tr><td> </td><td>3</td><td>MVL minted NFT project 'DEMO'</td></tr><tr><td> </td><td>4</td><td>MVL launched exclusive wallet, Clutch Wallet</td></tr><tr><td> </td><td>5-7</td><td>ONiON launched its production plant and launched the T1c electric three-wheeler for cargo</td></tr><tr><td> </td><td>8-9</td><td>ONiON entered into a partnership with Total Energies, Petroleum Corporation of Thailand (PTT)</td></tr><tr><td> </td><td>9</td><td>MVL is invited to the G-20 Digital Networking Group and awarded</td></tr><tr><td> </td><td>10</td><td>TADA X MVL linked and launched the incentive protocol with Clutch Wallet</td></tr><tr><td><br></td><td>11</td><td>MVL launched LP Staking, Single Staking services for global holders</td></tr><tr><td>2023</td><td>3</td><td>Launched of Tezos network integration and incentive protocol service in Clutch wallet</td></tr><tr><td></td><td>6-7</td><td>MVL completely renewed the Clutch Wallet UI/UX<br> - Using MVP in Clutch which is backed and can be swapped 1:1 by MVL Token</td></tr><tr><td></td><td>11-12</td><td>TADA signed MOU with NPHVA and NDCA <br>ONiON launched the X-Series electric bike <br>MVL launched Governance</td></tr><tr><td>2024</td><td>1</td><td>ONiON expanded services to Siem Reap</td></tr><tr><td></td><td>2</td><td>MVL started the 1st Token Recirculation <br>MVL introduced Ecosystem Fund</td></tr><tr><td></td><td>3</td><td>TADA launched in Thailand <br>MVL was listed on HTX(Huobi), Bitget, and Gate.io exchanges <br>MVL disclosed the results of its vehicle RWA demonstration project (DEMO NFT)</td></tr><tr><td></td><td>4-5</td><td>MVL listed on GOPAX<br>MVL launched MVL DePIN <br>MVL established a Japanese subsidiary, JMVL <br>MVL has signed partnerships with IoTeX, PowerPod, IQ.wiki, Charge+ and Prom</td></tr><tr><td></td><td>6-7</td><td>MVL has signed partnerships with Art de Finance, AiGO and Yuliverse</td></tr><tr><td></td><td>9</td><td>TADA mini on Telegram launched in Singapore<br> - Bot user = + 2.6 Millions, X users =+150,000<br>TADA mini has signed partnership with TON  <br>TADA mini became a Travel Sponsor in Token2049<br>TADA mini hosted 1st Free &#x26; 50% Discount with $TON Event <br> - Trips over 7,500, Riders over 15,000 during Event Days <br>TADA mini has signed various partnerships with TON Ecosystem -Blum, Yescoin and so on </td></tr></tbody></table>


# Road Map

<table><thead><tr><th width="92.33333333333331">Year</th><th width="102">Month</th><th>Key Progress</th></tr></thead><tbody><tr><td>2024</td><td>10</td><td>TADA mini will expand to KH, VN and TH<br>TADA mini will collaborate with local Web3 Players<br>MVL will lauch New $MVL Token Economics <br> - B2B staking for support of partner cryptocurrencies, chains, and wallets<br> - Discounted Trip with $MVL Payment in TADA mini</td></tr><tr><td></td><td>11</td><td>MVL x ONiON plans to officially launch RWA utilizing vehicle assets <br>MVL will sign partnership with BASE</td></tr><tr><td></td><td>12</td><td>TADA will open in HongKong</td></tr><tr><td>2025</td><td>continue</td><td>TADA will leap forward as a mobility player across Asia</td></tr><tr><td></td><td>continue</td><td>TADA mini will collaborate with Driver Companies in Africa, Europe <br>TADA mini will collaborate with all Global Web3 Players</td></tr><tr><td></td><td>continue</td><td>MVL will introduce a data sales service using DePIN</td></tr><tr><td></td><td>continue</td><td>MVL will strengthen Token Utility</td></tr></tbody></table>


# Blog


# How Tokenization Could Drive Robotaxi Adoption?

<figure><img src="/files/FDulAgVWC2su2SO6Qy97" alt=""><figcaption><p>How Tokenization Could Drive Robotaxi Adoption</p></figcaption></figure>

Tesla is poised to unveil its robotaxi service on June 22nd in Austin, Texas, marking a pivotal moment in the evolution of urban transportation. This development represents more than the debut of a new ride-hailing option—it offers a glimpse into a future shaped by autonomous vehicle (AV) technologies.

As the autonomous mobility sector matures, the intersection with blockchain innovation—particularly asset tokenization—could play a critical role in accelerating its adoption.

This blog explores the rapidly evolving robotaxi landscape, the promise of autonomous transportation, and the powerful role tokenization plays in making this vision scalable and accessible to a global investor base.

***

### What Is a Robotaxi?

A robotaxi is an autonomous, AI-driven vehicle that offers on-demand ride-hailing services without the need for a human driver. These next-gen vehicles are equipped with cutting-edge hardware — LiDAR, radar, cameras, ultrasonic sensors — and software systems that process real-time data through machine learning and neural networks. This enables them to navigate complex environments safely and efficiently.

Unlike traditional ride-sharing or taxi services, robotaxis operate independently and are designed to minimize human error, optimize fuel usage or battery life, and reduce congestion through smart routing.

***

### The Robotaxi Industry: Current State & Key Players

The global robotaxi market is projected to grow exponentially, reaching **tens of billions of dollars** over the next decade. This growth is driven by a confluence of technological advances, urban mobility challenges, regulatory momentum, and environmental concerns.

To understand where current robotaxis stand, it's helpful to look at the **SAE levels of driving automation**, a standardized classification system:

* **Level 0:** No automation; all functions controlled by a human.
* **Level 1:** Basic driver assistance (e.g., adaptive cruise control); the driver must remain in full control.
* **Level 2:** Partial automation of acceleration and steering under specific conditions (e.g., Tesla Autopilot), but human oversight is mandatory.
* **Level 3:** Conditional autonomy; the vehicle can handle most tasks in certain environments but requires driver intervention when prompted.
* **Level 4:** High automation within defined operational design domains (ODDs); the system manages all driving tasks within set boundaries without requiring human input.
* **Level 5:** Full autonomy in any environment, eliminating the need for human drivers altogether.

Currently, most commercial robotaxi services operate within **Level 4**, typically restricted to specific zones with the option for remote human supervision.

**Market Leaders in Autonomous Ride-Hailing**

* [Waymo](https://waymo.com/): Backed by Alphabet, Waymo operates fully driverless services in Phoenix, San Francisco, and Tokyo, with plans for Austin. Their systems are built on extensive simulation and real-world data, and they deploy all-electric Jaguar I-PACE SUV as its primary vehicle.
* [Tesla](https://www.tesla.com/we-robot): Tesla aims to transition from Level 2 Full Self-Driving (FSD) features to a higher autonomy level. Their robotaxi service in Austin—starting with a limited fleet—is a step toward a fully autonomous ride-hailing model. Tesla’s data advantage and integrated hardware-software stack distinguish its approach.
* [WeRide](https://www.weride.ai/): This Chinese company operates across multiple continents, including China, the UAE, Singapore, and France. WeRide emphasizes sensor modularity and strategic partnerships to scale deployment in both domestic and international markets.

***

### Economic & Technological Advantages of Robotaxis

Robotaxis are not just about eliminating drivers — they’re a fundamental paradigm shift in urban mobility.

**1. Road Safety**

Human error contributes to over 90% of vehicle collisions. Robotaxis, designed with consistent and fault-tolerant logic, are expected to significantly reduce accidents, saving lives and reducing liability.

**2. Operational Efficiency**

Autonomous fleets operate 24/7, avoid peak-hour inefficiencies, and dynamically adjust to demand. This improves traffic flow, reduces travel times, and enhances the scalability of ride-hailing platforms.

**3. Cost Savings**

Removing the driver from the equation reduces operating expenses for ride hailing service operators. As hardware costs decline over time, robotaxi platforms can achieve more competitive pricing and higher margins.

4. **Technology Spillover**

The development of autonomous vehicles stimulates advancements in AI, sensor design, and urban systems, pushing forward adjacent technologies and infrastructure innovations.

***

### The Financial Challenge: Robotaxi Scaling Is Capital Intensive

Despite their long-term value proposition, robotaxis demand enormous **upfront investment**:

* R\&D and software development
* Vehicle manufacturing and retrofitting
* Sensor stacks (LiDAR, radar, HD cameras)
* Data infrastructure for AI training
* Regulatory and insurance compliance

Traditional financing models — limited to venture capital or debt financing — slow down deployment and concentrate ownership in the hands of large corporations. While robotaxis offer a compelling future, the immense capital required for fleets is a hurdle. This is where **tokenization** can be a game-changer.

***

### **What is Asset Tokenization?**

Asset tokenization refers to converting real-world assets into digital tokens recorded on a blockchain. These tokens represent ownership, rights, or economic interest in the physical asset—whether a car, building, or commodity.

In the case of robotaxis, tokenization can create digital representations of vehicle ownership or revenue-sharing rights, enabling fractional investment and broader access to capital.

More on this concept can be found in our [Beginner’s Guide to RWA Tokenization](https://docs.mvlchain.io/resources/blog/what-is-rwa-tokenization-a-complete-guide-for-beginners).

### **Real-World Asset (RWA) Market Overview**

The concept of tokenizing real-world assets is gaining significant traction across multiple industries. By bringing traditionally illiquid or fragmented assets onto the blockchain, tokenization is reshaping how value is stored, transferred, and accessed globally. Analysts estimate the tokenized RWA market could grow to [**$19 trillion by 2033**](https://ripple.com/insights/asset-tokenization-financial-services/), fueled by technological maturity, regulatory clarity, and growing investor demand for diversified digital portfolios.

**Examples of Tokenized RWA Categories:**

* **Real Estate:** Entire buildings, apartments, or land parcels are being tokenized to allow shared ownership. Platforms like RealT and BrickMark enable users to earn proportional rental income or capital gains from property appreciation.
* **Commodities:** Tokenized gold (e.g., PAXG, XAUT), silver, and oil provide exposure to commodity markets without the need to hold physical reserves. These tokens are typically backed 1:1 with assets stored in vaults, combining the tangibility of traditional assets with blockchain liquidity.
* **Corporate Bonds and Equities:** Companies are experimenting with issuing debt and equity instruments on-chain. These tokenized securities can offer real-time settlement, automated dividend payments, and 24/7 market access, reducing friction in capital markets.

**Advantages of Blockchain Technology:**

* **Enhanced Security:** Cryptographic security and distributed nature make records immutable and virtually impossible to alter.
* **Greater Transparency:** Permissioned participants can see the same information simultaneously, fostering trust.
* **Instant Traceability:** An unalterable audit trail documents asset provenance.
* **Increased Efficiency and Speed:** Streamlines processes by eliminating intermediaries.
* **Automation through Smart Contracts:** Self-executing contracts automate agreements when predefined conditions are met.

***

### How Tokenization Could Accelerate Robotaxi Adoption?

**Decentralizing Ownership for Rapid Scaling**

The research, development, manufacturing, and deployment costs for autonomous vehicles are astronomically high. Tokenization offers a powerful solution by **decentralizing ownership**. By converting ownership rights of robotaxis into digital tokens on a blockchain, AV developers can tap into a global pool of investors. This crowdfunding-like approach can significantly accelerate fundraising, enabling faster manufacturing and deployment.

For investors, this offers fractional ownership of high-value assets and the potential for passive income directly from the robotaxi's operations. This creates a strong incentive for investors to support the industry's growth.

**Global Acceptance and Emerging Market Opportunities**

Public perception of autonomous vehicles is evolving. While hesitancy remains in countries like the US and UK, other regions show high receptivity:

* **India and China:** [Acceptance rates exceed 75%](https://www.deloitte.com/uk/en/about/press-room/uk-drivers-among-most-sceptical-globally-about-ai-in-cars.html), driven by technological optimism and government support.
* **Singapore:** Recently announced to [push AV deployment](https://www.straitstimes.com/singapore/transport/singapore-aims-to-ramp-up-autonomous-vehicle-use-to-boost-public-transport-network) over the next five years to enhance public transport efficiency.

These developments signal growing institutional and public momentum in favor of autonomous mobility, particularly in Asia-Pacific and emerging markets.

**Investor Readiness and The Missing Link**

The financial landscape is also ready for asset tokenization. CoinGecko's [2025 RWA Report](https://www.coingecko.com/research/publications/rwa-report-2025?utm_campaign=rwa-report-2025\&utm_source=x\&utm_medium=social) highlights a significant surge in fiat-backed stablecoins, increasing by +$97 billion to reach an all-time high of $224.9 billion between 2024 and April 2025. This indicates growing investor comfort with digital tokens.

With clear capital needs, increasing public and government acceptance, and growing investor appetite for digital assets, the missing piece is an efficient and trusted platform to connect robotaxi operators with global investors.

***

### Musubi: MVL’s Vehicle Tokenization Platform

In the landscape of real-world asset tokenization, [Musubi](https://musubi.fi/en) stands out as a purpose-built solution tailored for the mobility sector. Developed by MVL, a blockchain mobility ecosystem operating ride-hailing and EV services in Southeast Asia, Musubi enables the seamless tokenization of vehicles, transforming them into accessible, investable digital assets.

Rather than treating vehicles as static assets, Musubi treats them as dynamic financial instruments. Each robotaxi or commercial vehicle integrated into the platform is linked to smart contracts that define ownership rights, lease terms, and revenue distribution logic. These rights are embedded into NFTs and digital tokens, each uniquely tied to a specific vehicle and its operational lifecycle.

What sets Musubi apart is its sector-specific architecture. It accounts for the complexities of real-time vehicle data — such as maintenance schedules, mileage, GPS data, and revenue logs — and ensures that all of this information is securely recorded on-chain. This not only builds trust among investors but also makes the underlying asset more transparent and verifiable.

Furthermore, Musubi holds a potential to bridge the gap between robotaxi fleet operators and global investors by enabling capital inflow without traditional intermediaries. Fleet owners gain immediate access to tokenized funding, while investors gain exposure to income-generating physical assets with full blockchain traceability. The system creates a circular ecosystem where real-world usage drives token value, and token holders help scale the physical infrastructure of urban transportation.

By offering a vertically integrated blockchain layer for vehicle financing, Musubi positions itself as the missing financial infrastructure needed to unlock robotaxi scalability on a global level.


# What’s on X Space? – Part 2

<figure><img src="/files/HY0mHsCy94NDwjG1o3kr" alt=""><figcaption></figcaption></figure>

Welcome to Part 2 of our “What’s on X Space?” recap!&#x20;

In this blog, we’re unpacking the key questions raised by our incredible global ambassadors.

Whether you missed the live session or just want a refresher, we’ve got you covered.\
\
Let’s dive in!

***

### Q1: Who is in charge of designing and auditing the smart contracts for the MVL lending protocol?

The MVL lending protocol is based on the Morpho protocol, which provides a reliable and already-audited smart contract foundation. Instead of developing contracts from the ground up, we are integrating Morpho into our ecosystem.

Our blockchain development team, led by our CTO, is overseeing this integration and ensuring it aligns with our platform's requirements. The focus is on secure and efficient integration, leveraging Morpho’s proven architecture.

### Q2: Can you provide more information about the MVL mobility incentive protocol for drivers?

MVL's mobility incentive protocol is designed to reward drivers based on their contributions to the MVL ecosystem, particularly through TADA, our ride-hailing service. From the beginning, we adopted a zero-commission model, allowing drivers to keep most of their earnings, compared to the traditional model that takes 20\~30% commission. This approach improved drivers’ livelihoods, increased their activity on the platform, and boosted the overall transaction volume

In the initial stage, drivers had the opportunity to earn MVL points based on their consistent driving and customer service ratings, which they could optionally swap to MVL tokens. These MVL incentives played a crucial role in addressing TADA's driver supply issues, enhancing overall service quality, and building a strong drivers’ community. Learn more about [TADA’s growth history](https://docs.mvlchain.io/resources/blog/what-is-depin-real-use-case) in this blog.&#x20;

### Q3: I’ve been following Musubi and the RWA NFT initiative closely. It’s a fascinating concept. Does holding one of these vehicle ownership NFTs offer any real-world benefits, such as discounts on TADA rides?

Our team is always exploring ways to integrate Musubi NFTs into the MVL ecosystem in meaningful and utility-driven ways.

For example, if an NFT holder—such as a Japanese investor—visits a region like Cambodia or Singapore where their vehicle is operating, and the TADA system matches them with that vehicle, they may be eligible for a ride discount. This type of utility concept could be considered to reward the holders.

Another concept we’re exploring is fractional ownership, where a single vehicle is divided into multiple ownership NFTs. Rental payments generated by that vehicle are then distributed proportionally to NFT holders. This approach lowers the entry barrier for investors, increases liquidity for the platform, and provides essential vehicle supply for drivers.&#x20;

Currently, Cambodia serves as our comprehensive pilot hub, combining:<br>

* [TADA](https://tada.global/): 0% commission model ride hailing platform
* [ONiON Mobility](https://en.onionev.com/): EV manufacture and battery swap infrastructure
* [Musubi](https://musubi.fi/en): RWA vehicle financing platform<br>

These real-world trials are helping us refine a scalable framework, which we plan to replicate in new markets by applying the same principles and sustainable vehicle ownership models to promote inclusive growth.

### Q4: Is there any plan and strategy to increase the value of the MVL token?

We understand the community’s interest in MVL’s price outlook, especially in the short term. Our approach is grounded in real-world utility and steady value capture.

TADA is already generating real revenue and profit in fiat currencies such as SGD and USD. ONiON Mobility contributes by manufacturing vehicles and supplying them to drivers, supporting TADA’s service capacity. Musubi connects investors to the ecosystem by allowing them to fund vehicles that are then rented to drivers, creating additional streams of income.

A portion of this fiat revenue will be used strategically to purchase MVL from the market. The tokens acquired through this process will be held in the MVL treasury, gradually reducing the amount of MVL in circulation. We plan to make treasury holdings transparent, allowing the community to track accumulation over time.

As more rides are completed, more vehicles are added, and rental activity increases, the volume of MVL buybacks will naturally expand. This creates consistent demand for MVL while decreasing its available supply.

Our mid to long-term target is to capture the majority of MVL tokens into treasury custody within five years. While this is not a short-term pump strategy, it is a solid, sustainable plan based on real product growth.&#x20;

### Q5: Do you have any plans to hold an AMA specifically for the Korean community?&#x20;

We truly appreciate the continued support from our Korean community. We understand that many Korean holders are seeking more direct communication and opportunities to engage, especially during this important phase of growth.

While we don’t have a confirmed schedule yet, we’ll take this suggestion back to the team and discuss it internally. Holding a Korean AMA is definitely on our radar, and we’ll explore the best way and timing to make it happen.

<br>


# What’s on X Space?– Part 1

<figure><img src="/files/9OG00s7kUNMSfA3y3x3A" alt=""><figcaption></figcaption></figure>

Last week, on June 5th, we hosted an exciting X Space featuring MVL CEO Kay Woo and our amazing global ambassadors. We discussed our brand-new ‘Earn’ feature on MVL Fi website and gave a sneak peek into MVL’s long-term vision and future roadmap. <br>

In Part 1 of our “What’s on X Space?” recap, we’re diving into: What is a lending protocol and how does it tie into MVL’s big picture?<br>

Whether you missed the live session or just want a refresher, we’ve got you covered. Let’s dive in!

***

### **Q1: Can you explain what a decentralized lending protocol is?**<br>

In simple terms, a decentralized lending protocol lets people lend and borrow funds without middlemen like banks and third party intermediaries. \
\
Instead, everything runs through smart contracts on blockchain, which keeps it secure, transparent and automatic. That means no need for a bank to manage the funds or approve the transactions.&#x20;

***

### Q2: Now that we know what a lending protocol is, can you tell us about MVL Fi’s new ‘Earn’ feature and how it works?<br>

It’s a similar concept to how a savings account works at a bank. When you deposit money into a savings account, you get interest in return.

With MVL Fi’s ‘Earn’ feature, it works the same way, but in a decentralized way. Users deposit USDC on the Ethereum network into the ‘Earn’ vault, and earn APY (Annual Percentage Yield) over time.

The important part is that no intermediary is involved to touch or allocate the funds in the vault. The funds are controlled by a smart contract, and only borrowers can access them through the protocol. That’s how DeFi lending protocols ensure lenders' funds stay secure and transparent.

***

### Q3: One of the biggest concerns for users is safety. If someone deposits money into MVL Fi’s ‘Earn’ vault, how can they trust that their funds are secure? What protections are in place?

\
Safety is at the core of how DeFi lending protocols work and we’ve taken extra steps to protect our users.

First, the beauty of DeFi lending is that the system is designed to protect lenders. Even if a borrower can’t repay, smart contracts manage risk and ensure lenders get their funds back.

That said, a potential risk in DeFi is smart contract security. To address this, we’ve built on top of Morpho, one of the most respected and well-tested DeFi lending protocols. It’s trusted across the industry for its performance and safety.

We’re also partnering with Api3 which delivers first-party oracle price feeds to ensure accurate data, prevent value leakage, and optimize yields. To start, we’re keeping a small liquidity pool to minimize initial risk. But with strong real-world use cases like Musubi and TADA, we expect the volume to grow significantly.

With smart contract protections, secure infrastructure, trusted partners, and a real-world business model, we’ve designed our lending protocol more safer and transparent.

***

### Q4: What makes MVL’s lending protocol special is that it’s tied to MVL’s real-world mobility ecosystem. Can you explain how that works?

\
At MVL, our mission is to develop innovative solutions to problems in the mobility industry using blockchain technology.

We started in 2018 with TADA, a zero commission ride-hailing platform. As we grew, we expanded into EV manufacturing and energy infrastructure to better support and attract more drivers, building a full-fledged real-world mobility network.

One major problem we identified, especially in Southeast Asia, is that many drivers struggle to get vehicle loans from banks due to strict credit requirements and high interest rates. To address this, we created Musubi, an onchain vehicle financing platform that connects investors with drivers.

Now that we have both a solid real-world infrastructure and working blockchain-based products, we can integrate the MVL token more deeply into the ecosystem and create more value. This is where MVL Fi’s lending protocol comes into play. <br>

* Lenders deposit USDC into MVL Fi’s Earn vault and receive APY over time.
* USDC is borrowed using MVL tokens as collateral.
* The borrowed USDC is used to purchase vehicle ownership NFTs via the Musubi platform.
* These vehicles are rented to drivers, who pay rental fees in fiat each month.
* The incoming fiat is used to buy back MVL tokens from the market and store them in custody to maintain the protocol.

\
In short, the MVL Fi lending protocol connects crypto investors to a real-world mobility network, with USDC and $MVL token playing a central role in powering the ecosystem.

***

### Q5: Why is a mobility project like MVL getting into DeFi? How does the Earn feature and lending protocol fit into MVL’s bigger vision?

MVL Fi and its lending protocol are the final piece of this ecosystem puzzle. It brings USDC capital into the system, allowing us to fund vehicle purchases through Musubi.

Then, we’re turning real-world value, cash from TADA rides and vehicle rentals, into MVL token, strengthening the token utility and creating a circular economy.

We aim to capture a significant portion of MVL’s market supply through a continuous cycle of converting real-world fiat into the blockchain ecosystem. This will increase the scarcity and value of MVL, while reinvesting that value to:<br>

* Empower more drivers,
* Expand to more regions,
* Scale services like TADA and Musubi.

\
MVL is proving that blockchain can transform the mobility industry. We’re building a system where investors, drivers, and users all grow together.

<br>


# MVL Mainnet: Unlocking the Full Potential of Mobility Data

<figure><img src="/files/9ndTH4w4Z1ZJfpZdfnYF" alt=""><figcaption></figcaption></figure>

We recently launched MVL mainnet powered by @base, unlocking a new phase of our journey to bring the real-world mobility industry fully onchain. By integrating our operational mobility services, ride-hailing and vehicle RWA financing, directly with MVL mainnet, we are aiming to capture the untapped potential of mobility data and infrastructure. This strategic move allows us to create a transparent, efficient, and scalable mobility ecosystem that bridges onchain and offchain operations.

## What We Have Achieved So Far

MVL was founded with a vision to power all of the world’s movements through blockchain. We believed that if every movement—of people, goods, and vehicles—could be recorded and shared on an open ledger, the result would be a more efficient, energy-saving, and demand-generating mobility system.

However, this idea runs into a classic dilemma: while the total value of shared mobility data could benefit society as a whole, mobility service providers often prefer to protect their private interest by withholding data. In response to this, we made a bold decision—to operate mobility services ourselves.

We chose ride-hailing as our first vertical. Ride-hailing generates significantly more data per vehicle compared to private cars, and presents an opportunity to challenge giant platform monopolies that have alienated both drivers and riders. In 2018, we launched TADA with a zero-commission model in Singapore and have since expanded to five countries, with a U.S. launch scheduled for this July.

Recognizing the broader EV transition in the mobility space, we also began building electric vehicle infrastructure in Southeast Asia. Today, we supply EV tuk-tuks and battery swap stations in Cambodia, creating synergies with our ride-hailing operations. To connect strong local financing demand for EVs with global liquidity, we launched Musubi, our RWA (Real World Asset) financing platform.

Our ride-hailing fleet and EV sensors generate massive real-time data. While we’ve stored portions of this data in decentralized networks like IoTeX, bringing all of it onchain was technically and financially infeasible. The true potential of a blockchain-powered mobility network remained out of reach—until we discovered a viable solution with the Base Appchains.

## To the Next Phase: MVL Mainnet

On April 9, we officially launched the MVL mainnet powered by Base Appchains infrastructure. This was a transformative moment for us, as Base Appchains solves one of our most persistent challenges: the need for scalable, low-cost, real-time data infrastructure.

Unlike general-purpose blockchains, the Base Appchains architecture enables us to tailor the network specifically to our needs—low-latency, high-frequency data ingestion from vehicles and ride activity across the MVL ecosystem. It combines Ethereum’s security with modular scalability, allowing us to build a chain optimized for mobility use cases.

The primary current use case of the MVL mainnet is real-time uploading and validation of data from our operational mobility network. This includes two major categories:

#### RWA Vehicle Tracking Data

In RWA (Real World Asset) financing, the most critical requirement is to verify that the tokenized asset truly exists, that its activity can be tracked, and that its onchain representation remains reliably pegged to reality. This becomes particularly complex when the underlying asset is a vehicle running on the road.

MVL mainnet addresses this complexity by enabling verifiable, real-time tracking of vehicles—recording data like location, distance traveled, and battery health directly onchain. This provides an auditable foundation for Musubi, our RWA financing platform, increasing asset traceability and investor confidence.

The global vehicle financing market is valued at over $300B annually—yet crypto has largely overlooked this domain. MVL mainnet will unlock the potential to bridge this enormous traditional market with crypto liquidity, enabling a new frontier for decentralized capital allocation into real-world mobility assets.

#### Ride-hailing Trip Related Data

In rideshare platforms, the supply side—drivers—is the backbone of the ecosystem. Many drivers have voiced dissatisfaction with opaque fare distribution and platform commissions. TADA’s zero-commission model resonated across various markets precisely because of this demand for transparency.

MVL mainnet brings cryptographic transparency to trip-level economics, recording both passenger fares and driver earnings in a privacy-preserving yet verifiable manner. This provides a clear, auditable breakdown of how value flows between riders, drivers, and platforms—without compromising user privacy.

The result is a significant competitive advantage: platforms built on MVL mainnet can guarantee earnings transparency and fair pricing, addressing one of the most persistent frictions in ride-hailing.

## New Token Economy for the Next Phase

With the mainnet activation, there will be a fundamental shift in the utility of the $MVL token—evolving into the economic engine that drives real-world mobility infrastructure.

#### MVL as the Native Gas Token

For the first time, MVL functions as the native gas token of the mainnet. This means users no longer need to hold ETH to interact with the network. Transactions such as data uploads, token transfers, and smart contract executions on mainnet can all be powered by MVL. This significantly lowers the barrier to entry for ecosystem participants.

In particular, real-time data uploads from vehicles and rideshare operations will require MVL for gas fees. As the volume of mobility data recorded on-chain grows, so does the demand for MVL. This gives the token recurring utility directly tied to the scale and activity of the mobility ecosystem.

#### MVL in DeFi and RWA Financing

Beyond gas fees, MVL will also unlock new DeFi opportunities. We are preparing to launch DeFi products collateralizing MVL, allowing users to deposit crypto and gain exposure to vehicle financing via our Musubi RWA platform.

Unlike NFT-based ownership models, our approach allows depositors to indirectly finance real-world vehicles in emerging markets—earning yield while contributing to EV adoption and infrastructure growth. As Musubi scales, the utility of MVL as a gateway into RWA-backed financial products will grow in parallel.

## What’s Coming Up Next

We are currently building a real-time dashboard that visualizes live data from our mobility network. This includes both vehicle tracking data for RWA token and trip-level pricing data from our ride-hailing service. Whether you’re a Musubi investor, a TADA driver, or a curious participant in the mobility economy, you’ll be able to verify on-chain activity with full transparency and confidence. This dashboard will serve as a public window into the real-world movement of tokenized vehicles and the fare distribution dynamics within our rideshare network.


# What Is RWA Tokenization? A Complete Guide for Beginners

This beginner-friendly guide explains what real-world assets are, how they can be tokenized, and what it means for the future of ownership and investment.

<figure><img src="/files/QyV1qFeSo6UGRFJrq794" alt=""><figcaption></figcaption></figure>

Real World Assets (RWAs) refer to tangible or traditional financial assets like real estate, vehicles, or commodities that hold inherent value in the physical world. Thanks to blockchain technology, these assets can now be digitally mirrored through a process called **RWA tokenization**. This involves creating secure, programmable digital tokens that represent ownership of real-world assets, enabling them to be traded, accessed, and managed on-chain just like cryptocurrencies.

### TL;DR

* **RWA tokenization** turns physical assets into tradable digital tokens.
* These tokens represent ownership of real world assets in both physical and digital worlds, allowing users to trade, access, and manage them on-chain.
* Tokenized assets can include real estate, vehicles, commodities, and more.
* Blockchain technology ensures security, transparency, and accessibility.
* MVL's[ RWA tokenization platform Musubi](https://musubi.fi/en), allows users to invest in tokenized vehicles and earn yields from its well-established mobility infrastructure.

### 1. What Are Real World Assets (RWAs)?

Real World Assets are physical or traditional financial assets that hold value. These can include:

* Real estate (homes, buildings, land)
* Vehicles (cars, buses, robotaxis)
* Precious metals (gold, silver)
* Financial instruments (bonds, invoices)

Traditionally, investing in assets required large sums of money and significant effort in management. RWA tokenization is rapidly changing that.

### 2. What is RWA Tokenization?

RWA tokenization is the process of creating a digital representation of ownership for a real-world asset on a blockchain. Instead of using physical paperwork or intermediaries to prove who owns what, blockchain-based tokens do the job — transparently, securely, and efficiently. These tokens are issued through smart contracts and backed by the actual asset in the real world.

#### 💡 Simplified Example:

Imagine you own a delivery van. Through tokenization, you can create a digital token that directly represents ownership of that specific van. This token is stored on a blockchain and can be transferred, tracked, or even programmed to distribute rental income — without manual paperwork. It’s like holding a digital key to a physical object, with all transactions and ownership records stored on an immutable ledger.

#### Why Tokenize RWAs?

* **On-Chain Ownership**: Enables secure, real-time tracking of ownership without intermediaries.
* **Fractional Ownership**: Breaks high-value assets into affordable shares.
* **Increased Liquidity**: Makes it easier to buy and sell ownership stakes.
* **Accessibility**: Anyone with internet access can invest and own RWA tokens.
* **Transparency**: Blockchain keeps a tamper-proof record of all transactions.

#### What Can Be Tokenized?

Tokenization isn’t limited to luxury condos or fine art. Theoretically, any asset that has value and can be digitized legally and operationally is a candidate. Here are some key examples:

* **Vehicles**: Ride-hailing fleets, electric delivery vans, autonomous robotaxis
* **Infrastructure**: Solar energy farms, data centers, IoT-enabled devices
* **Commodities**: Coffee, gold, oil
* **Receivables**: Future revenue streams, leasing contracts

### 3. How Does RWA Tokenization Work?

#### Step 1: Asset Identification and Legal Setup

The asset is selected and verified. Legal frameworks are established to ensure the token represents actual ownership.

#### Step 2: Asset Valuation

The asset’s market value is assessed to determine the price of each token.

#### Step 3: Token Creation on Blockchain

Smart contracts generate tokens that represent shares of the asset.

#### Step 4: Distribution and Trading

Investors can purchase tokens through a platform. Tokens can be traded on marketplaces or held for returns.

### 4. RWA Tokenization Use Case

A great [use case of RWA tokenization](https://musubi.fi/en) is **MVL’s Musubi platform**, which converts vehicles into on-chain assets.

Through Musubi, users can invest in **NFTs (Non-Fungible Token) tied to physical vehicles**. Then the actual vehicles are rented out to ride hailing drivers. Investors earn rental income from real-world operation, all without managing or maintaining the vehicles themselves. It’s a way to own a piece of mobility infrastructure — fully on-chain.

#### How Musubi Works

* MVL tokenizes vehicles manufactured and operated by its subsidiary, [ONiON Mobility](https://en.onionev.com/).
* These vehicles are rented by drivers on MVL’s ride-hailing platform, [TADA](https://tada.global/).
* Investors purchase tokenized vehicle NFTs through the Musubi platform, each representing ownership in a specific vehicle.
* NFT holders can access vehicle operational data, part of which is publicly viewable through MVL’s [DePIN dashboard](https://depin.mvlchain.io/vehicle-networks).
* By holding these tokens, investors earn returns from real world rental and ride hailing operations.

Musubi is also designed for scale — MVL is open to collaborating with other OEMs to bring more vehicle assets into the digital world.

#### Operational Back-End

MVL has been operating a [ride-hailing service TADA](https://tada.global/), known for its zero-commission model, since 2018. It has gained strong adoption across Southeast Asia and is now expanding into the U.S. market. The company is supported by a global team of over 200 professionals and has accumulated years of experience in both vehicle operations and blockchain development.

Additionally, MVL runs [ONiON Mobility](https://en.onionev.com/), an electric vehicle manufacturing and energy infrastructure subsidiary based in Cambodia. ONiON Mobility has tailored its solutions to Southeast Asia’s user preferences, offering innovations like [battery swapping stations](https://www.linkedin.com/posts/onion-mobility_womenempowerment-onion-morethanjustatuktuk-activity-7219629716247392257-Tyeq?utm_source=share\&utm_medium=member_desktop\&rcm=ACoAADXwxJUBuEUsvAwtkpbsuwP34yvZsGGto20) that reduce EV charging time to just five minutes. This not only improves the efficiency of ride-hailing services but also enhances income opportunities for local drivers.

### **5. Benefits of RWA Tokenization**

RWA tokenization brings meaningful advantages to both investors and asset owners, reshaping how we think about access, ownership, and participation in traditional markets.

#### For Investors:

* **Diversified Exposure**: Investors can gain access to real-world asset classes — such as real estate, vehicles, or commodities — that were traditionally limited to institutional buyers or accredited investors.
* **Yield Generation**: Many tokenized RWAs, especially income-generating ones like rental properties or fleet vehicles, offer steady returns. Investors can earn passive income with less operational involvement.
* **Lower Entry Barriers**: Tokenization breaks down high-value assets into manageable, fractional units. This allows everyday investors to participate in previously inaccessible markets with minimal capital.
* **Improved Liquidity**: Unlike traditional asset sales that are slow and paperwork-heavy, tokenized assets can be bought or sold on digital marketplaces with ease, improving exit options for investors.
* **Global Access**: Through blockchain, investors from different geographies can participate in RWA markets without intermediaries or cross-border restrictions.

#### For Asset Owners:

* **Access Global Capital**: Tokenization opens new funding opportunities, allowing asset owners to tap into a broader, borderless pool of investors.
* **Enhanced Asset Utilization**: By tokenizing and distributing ownership, underused or idle assets can become income-generating investment products.
* **Transparency and Trust**: Blockchain's immutable record-keeping builds greater trust in asset performance, ownership history, and financial returns, especially for newer or decentralized platforms.

### 6. Challenges and Considerations

Despite its potential, RWA tokenization also comes with challenges. Regulatory uncertainty remains a key concern, as different countries have varying definitions and rules around digital assets and securities. Ensuring that tokenized ownership aligns with legal recognition is still a work in progress in many jurisdictions.

Additionally, real assets like vehicles or properties require ongoing maintenance and oversight — something that blockchain cannot automate entirely. This means a reliable operational backend is crucial for ensuring that the on-chain representation reflects a functioning, valuable real-world constructs.

### 7. Final Thoughts

RWA tokenization is not just a buzzword—it’s a practical innovation with the power to reshape how we invest and own. Whether you're looking to diversify your portfolio, generate passive income, or simply explore the Web3 frontier, platforms like Musubi offer a beginner-friendly gateway.

Stay tuned as we dive deeper into RWA in future blogs.


# The Future of Blockchain Mobility

MVL mainnet launch - Built on Base

![](https://cdn.imweb.me/upload/S20210416bccc442510498/e0d338ee87431.jpg)

\
**MVL’s Vision and the Path to Its Mainnet**

\
MVL has envisioned building its own mainnet since its initial whitepaper. However, at the time, the business foundation and blockchain infrastructure necessary to realize this goal were not yet in place. As a result, MVL initially launched its token on Ethereum’s ERC-20 standard and focused on expanding its real-world utility.

Over the years, MVL has rapidly grown its ecosystem through key services such as TADA (ride-hailing platform), ONiON Mobility (EV manufacturing and energy infrastructure), DePIN (decentralized physical infrastructure network), and Musubi (vehicle digitization RWA platform). With this solid foundation in place, MVL is now ready to launch its independent mainnet.

MVL’s mainnet will debut as the exclusive DePIN partner on Base, a blockchain developed by global exchange Coinbase.

Base provides high scalability and low transaction fees while leveraging the security and liquidity of the Ethereum mainnet. This allows MVL to operate its own mainnet in a stable and efficient environment.

***

**MVL Mainnet: Maximizing Network Effects**

\
The MVL mainnet marks a major shift in unifying the MVL ecosystem into a single, interconnected network. Currently, MVL’s mobility value chain operates as follows:

* **TADA:** Ride-hailing platform connecting passengers and drivers
* **ONiON Mobility:** EV and energy infrastructure development
* **DePIN:** On-chain mobility data and economic incentives
* **Musubi:** Borderless investment platform for vehicle ownership through digitization

Until now, MVL’s data has been distributed across multiple networks, including Ethereum, Base, IoTeX, and cloud servers, creating limitations for external service providers. The MVL mainnet consolidates this data into a unified blockchain, providing a standardized infrastructure for external partners and new service providers. This integration amplifies network effects and fosters a more scalable mobility ecosystem.

***

**MVL Mainnet: Unlocking Economic Value**

\
As the MVL ecosystem expands, the value generated will be shared among network participants through the MVL token. The mainnet introduces key economic mechanisms:

1. **MVL Staking & Network Participation**
   * Participants must stake or utilize MVL tokens to access various dApps and services on the mainnet. Token demand will scale with service usage, incentivizing active participation and long-term engagement.
2. **MVL Gas Fees**
   * Transactions on the MVL mainnet will be powered by MVL tokens as gas fees. Increased network activity will drive token demand, reinforcing the ecosystem’s value.
3. **DApp & Service Utility**
   * Services running on the MVL mainnet will be built around MVL tokens. Higher service adoption will enhance token utility, benefiting all network participants.

This economic framework accelerates network growth while strengthening MVL token value.

***

**Looking Ahead**

\
MVL’s mainnet represents a pivotal milestone in building an on-chain mobility ecosystem tailored for the industry’s evolution. By integrating real-world mobility services with blockchain technology, MVL is set to unlock new opportunities for token holders and network participants alike.

Stay tuned for MVL’s next steps in shaping the future of blockchain-powered mobility.

Trust-Driven

\
MVL


# What is DePIN? Real Use Case

![](https://cdn.imweb.me/upload/S20210416bccc442510498/5aafbaa9d7b0c.jpg)

\
In today's landscape, various DePIN projects are emerging across diverse industries, with many still in their early stages, focused on attracting initial users through token incentives. As the DePIN sector grows at a rapid pace, the success achieved by MVL and TADA in becoming widely adopted public services has garnered significant attention within the global crypto community.

Back in late 2018, the TADA ride-hailing service was launched, grounded in blockchain philosophy and technology that prioritizes transparent incentives and community-driven decision-making. TADA's initial market strategy under "value-sharing mobility", including its zero-commission model and MVL incentives, quickly gained traction among drivers. This approach posed a formidable challenge to the established norms of the mobility market, dominated by monopolistic platform companies.

Fast forward six years, and MVL's TADA ride-hailing service has navigated numerous obstacles to establish itself as a prominent mobility provider in Southeast Asia. Along the way, the decentralized physical infrastructure network (DePIN), facilitated by robust MVL incentives and a strong driver network, played a pivotal role in TADA's initial growth.

In this blog, we delve into the compelling growth journey and history of MVL and TADA, topics that have piqued the curiosity of many.

***

### **TADA's Growth History**

![a1ef166f0a679.png](https://cdn.imweb.me/upload/S20210416bccc442510498/a1ef166f0a679.png)

TADA's growth story over the past six years involves numerous challenges and the efforts of local team members to overcome them, making it difficult to simplify into a few points. Notably, after successfully entering initial markets in 2019, the outbreak of COVID-19 presented significant hurdles for MVL and TADA's expansion efforts. Consequently, TADA had to strategically prioritize certain countries for service growth amidst the global pandemic's constraints.

From the perspective of MVL's blockchain, TADA's journey over these six years can be segmented into three distinct stages:

1. **Initial Market Development Stage:** This phase focused on attracting crypto-friendly drivers in Singapore, establishing a foothold in a supportive regulatory environment and building initial user trust.
2. **Growth Stage:** Here, TADA concentrated on enhancing service applications based on feedback from its driver community. This iterative improvement process aimed to refine user experience and operational efficiency.
3. **Stable Stage:** During this phase, TADA demonstrated sustainability and scalability by expanding its service offerings further across Southeast Asia. This stage highlighted TADA's ability to adapt to diverse markets while maintaining service quality and reliability.

In this blog series, we will delve into detailed explanations of TADA's growth journey at each of these pivotal stages, offering insights into the challenges faced and the strategies employed to achieve success.

***

### **Initial Stage (2019-2020): MVL Token Incentives and Community Building**

\
Since TADA's launch in Singapore in 2018, it entered the market with innovative strategies like Zero-Commission and MVL Incentives. These approaches resonated strongly with drivers who were grappling with high commission rates ranging from 20% to 30% imposed by monopolistic companies. As a result, many drivers started flocking to TADA. The introduction of MVL incentives further encouraged their active participation, fostering the growth of a robust driver community.

\
![b3ec8013f8ce9.png](https://cdn.imweb.me/upload/S20210416bccc442510498/b3ec8013f8ce9.png)<br>

\
At that time, TADA drivers across different countries had the opportunity to earn MVL points based on their consistent driving and customer service ratings, which they could optionally convert into MVL tokens. These MVL incentives played a crucial role in addressing TADA's driver supply issues and enhancing overall service quality.

However, many drivers were initially unfamiliar with cryptocurrency and faced challenges using blockchain wallets. Despite this, driver communities actively engaged in sharing questions and answers about managing MVL tokens. This collaborative effort not only helped drivers overcome technical hurdles but also fostered strong bonds among them, creating a core support base for TADA. Particularly during the COVID-19 lockdowns, when the ride-hailing service faced significant stagnation, driver communities were more active than ever, sharing short-term job opportunities and encouraging each other.

![e333b0e6c999c.jpeg](https://cdn.imweb.me/upload/S20210416bccc442510498/e333b0e6c999c.jpeg)

In summary, by securing loyal drivers through MVL incentives, TADA was able to partially solve the initial driver supply issue. Additionally, driven by enthusiastic drivers' recommendations, the number of drivers tripled within the first year of launch. While the platform transitioned to offering mission-based cash incentives instead of tokens since late 2022, over 20,000 drivers in Singapore alone continue to hold MVL tokens.

***

### **Growth Stage (2021-2022): Service Quality Improvement for Mass Adoption**

TADA entered the traditional mobility market with a distinctive strategy centered around cultivating a robust driver community, which soon became its strongest supporters and advisors.

From the outset, ongoing and detailed discussions about the service took place within this driver community. These drivers not only provided valuable feedback but also contributed extensive mobility data through their continuous operations. Leveraging this wealth of data and feedback, TADA embarked on a full-scale service quality improvement, enhancing key aspects such as matching accuracy, reducing waiting times, navigation, and price flexibility to meet public expectations.

![4286f739cea88.jpg](https://cdn.imweb.me/upload/S20210416bccc442510498/4286f739cea88.jpg)

\
As a result, users (riders) experienced noticeable improvements in their ride-hailing experiences with TADA. Despite offering a similar quality of service as existing ones, TADA's more affordable fare structure made it a service anyone could confidently recommend. This positive response among local riders played a significant role in TADA's growth as a public service.

While focusing on enhancing service quality, MVL also ventured into experimental initiatives to integrate cryptocurrency usage within TADA. One notable endeavor involved conducting field tests in Cambodia, where general passengers unfamiliar with cryptocurrency participated. These tests provided valuable insights for MVL's future strategies aimed at mass crypto adoption.

Some interesting cases include testing whether incentives using more well-known cryptocurrencies like Bitcoin (BTCB) and Tezos (XTZ) could be attractive to general passengers. Consequently, several field campaigns such as "Ride TADA and Earn Bitcoin," "Invite a Friend to TADA and Earn Bitcoin," and "Ride TADA and Earn Tezos" were conducted. However, contrary to expectations, these campaigns did not receive significant uptake. Survey results highlighted that the inconvenient user interface and user experience for cryptocurrency usage posed significant barriers. Moreover, convincing individuals who had never used cryptocurrency for investment to purchase crypto solely for ride-hailing purposes proved to be a challenging proposition.

![3612e6bbfde2d.jpeg](https://cdn.imweb.me/upload/S20210416bccc442510498/3612e6bbfde2d.jpeg)

These trials provided significant experience to the MVL blockchain team, leading to substantial improvements in MVL blockchain services. Firstly, a separate Clutch Wallet was developed to easily connect services and accounts between TADA and MVL wallets. A point-to-token exchange mechanism was introduced to facilitate easy transfer of assets between the two applications, and indirect payment methods such as purchasing TADA coupons with MVL tokens were adopted to comply with regulations.

![ca9ce8ad782c3.jpg](https://cdn.imweb.me/upload/S20210416bccc442510498/ca9ce8ad782c3.jpg)

Moreover, to promote crypto mass adoption in the mobility sector, MVL is considering providing various routes for existing cryptocurrency users to easily use TADA services rather than encouraging general passengers to use cryptocurrency.

***

### **Stable Stage (2023-Present): TADA as a Public Service**

Having evolved through DePIN strategies, TADA has matured into a public service that consistently generates revenue and profits. This indicates that the majority of TADA users today are members of the general public who may not be familiar with cryptocurrency.

In response to this evolving user base, there is a need to adjust the existing Token Incentive strategy to better align with public demand. Consequently, MVL incentives are undergoing restructuring. The previous system, which distributed small amounts of MVL tokens to many drivers, has been replaced with a mission-based incentive model aimed at fostering ecosystem growth. For example, a driver mission program now incentivizes increased activity during busy Friday nights.

Furthermore, to cater to user convenience, drivers now have the option to choose cash incentives instead of token incentives. This adjustment reflects MVL's commitment to adapting its incentive structures to better serve its growing and diverse user base.

![306f18ae05587.jpeg](https://cdn.imweb.me/upload/S20210416bccc442510498/306f18ae05587.jpeg)

\
Furthermore, strategies aimed at distributing the value generated by the growing ecosystem to MVL token holders are actively being implemented. A portion of the revenue generated from TADA is allocated towards buying back MVL tokens, which are then distributed to holders through a circulating token economy.

Since the end of 2023, approximately $1 million worth of MVL tokens have been repurchased and distributed to holders through a staking mechanism on the MVL-Fi website. This differentiated staking program, grounded in real business activities, offers the advantage of providing a consistent and stable mechanism for sharing value.

This initiative not only enhances the value proposition for MVL token holders but also reinforces the sustainability and attractiveness of the MVL ecosystem.

![32924e40c6e92.png](https://cdn.imweb.me/upload/S20210416bccc442510498/32924e40c6e92.png)

***

### **Future: Towards Crypto Mass Adoption with Payment and DePIN**

Today, TADA has established itself as a regional powerhouse and the second-largest player in the region. With over 2.5 million riders and 250,000 drivers, TADA is expected to reach around $1 billion in trip payments within this year. Building on TADA's success, MVL's mobility ecosystem is expanding into new areas, including ONiON Mobility electric vehicles and energy infrastructure.

As TADA continues to expand under the DePIN narrative, current crypto projects are closely monitoring MVL and TADA's future blockchain initiatives with great interest.

Moving forward, TADA aims to adopt more crypto-friendly strategies. This includes increasing its engagement with the crypto community within the TADA platform. While specific details cannot be disclosed currently, preparations are underway to facilitate various cryptocurrencies for trip payments through partnerships with payment license companies and prominent projects in the crypto industry.

Moreover, TADA plans to enhance its role as a significant provider of extensive mobility data. MVL's current data framework encompasses diverse mobility data categories such as trips, vehicles, and energy usage. Over the past decade, MVL has developed comprehensive mobility solutions that span various services including ride-sharing, delivery, freight, and chauffeur services. Looking ahead, MVL intends to leverage its expertise in geospatial mobility information to make substantial strides in the crypto sector, particularly in areas critical for fields like data storage and artificial intelligence applications.

![042c4139352d2.jpg](https://cdn.imweb.me/upload/S20210416bccc442510498/042c4139352d2.jpg)

Furthermore, MVL is actively developing a stronger token economy to ensure that the MVL token becomes a crucial and valuable component in all upcoming processes.

In the next blog, we will delve into the structure and utilization of the vehicle and energy network within the DePIN framework. Specifically, we will introduce several concepts from the perspective of data's significance in the financialization of vehicles, such as vehicle RWA.&#x20;

Thank you.


# Unlocking the Power of Mobility Data Through DePIN

![](https://cdn.imweb.me/upload/S20210416bccc442510498/a98ffca2cd59f.jpg)

\
**DePIN: Mobility infrastructure network built together with users**

\
MVL is innovating the mobility market through blockchain. At the heart of this innovation are TADA, Singapore's second-largest ride-hailing service operated by MVL, and ONiON Mobility, an electric vehicle and energy infrastructure operator in Southeast Asia.

In this way, the solid mobility infrastructure that MVL has built over the past six years is generating vast amounts of mobility data with many users in major cities in Southeast Asia. This mobility data is not only used to improve mobility service quality, but is also used in various fields such as real estate, urban policy, and AI-based analysis to create new value. Additionally, in the MVL ecosystem, participants can share their mobility data and receive compensation based on their contribution.

This extensive mobility data ecosystem that MVL is building is known within the blockchain industry as the keyword DePIN (Decentralized Physical Infrastructure Network). The key concept of these DePIN services is decentralized infrastructure operations, where multiple participants can operate the data infrastructure together and share the value of the data generated.

MVL's mobility DePIN can be broadly divided into three parts depending on the characteristics of each service and the type of data collected from participants.

**1. Mobility Network**\
&#x20;

![](https://cdn.imweb.me/upload/S20210416bccc442510498/cbd2ed1a25962.png)

\
TADA is a ride-hailing service used by more than 3 million drivers and passengers in four Southeast Asian countries: Singapore, Cambodia, Vietnam, and Thailand. MVL's mobility network essentially serves as a comprehensive data system tracking the movement of both people and capital throughout the entire service region. Each driver and rider utilizing TADA acts as an individual node, collectively forming a trip network in real-time. Afterward, these users become eligible to receive MVL token incentives according to their data contributions, which they can then utilize again within the service.

Anyone can access a fraction of this massive mobility network data that MVL has established through the [MVL Depin](https://depin.mvlchain.io/mobility-networks) website. At present, real-time trip requests, trip frequency, and data regarding the pick-up and drop-off locations of TADA users are accessible on this website, and we plan to gradually expand our disclosure.

![](https://cdn.imweb.me/upload/S20210416bccc442510498/b80ed0a2c13c1.png)

\
TADA's DePIN data not only improves the quality of mobility services, but also creates added value when combined with data from other fields. For example, when combined with map data, we are identifying major call occurrence locations and traffic patterns by time zone to improve the accuracy and matching ratio of mobility services. Additionally, through collaboration with partners, it can be used for real estate valuation, commercial analysis, and urban planning support. In particular, the merging of data in Web3 presents an opportunity for creating more value. As a result, we anticipate that the utilization of MVL DePIN's mobility network data will continue to grow over time.

&#x20;**2. E-Vehicle & E-Bike Network**\
&#x20;

![](https://cdn.imweb.me/upload/S20210416bccc442510498/c1f21bd6e753d.jpg)

ONiON Mobility, a subsidiary of MVL, specializes in producing and selling electric vehicles and electric bicycle infrastructure. In Cambodia, there are over 700 electric vehicles and bicycles in operation daily, including the ONiON T1 and ONiON X series. Owners of ONiON vehicles enjoy the advantages of affordable electric vehicles and also receive token incentives for sharing driving data.

![](https://cdn.imweb.me/upload/S20210416bccc442510498/c8fd8bb93fac7.png)

\
Given the way vehicle assets depreciate with mileage driven, driving data stands out as the most crucial factor in determining their value. This data is still used in the existing traditional vehicle market to determine used car sales, rental, and lease financing prices.

In addition to the value of the vehicle asset itself, new financial products can be created by combining the vehicle's financial information, such as rental fees and operating expenses associated with the vehicle. In particular, utilizing blockchain technology makes it easy to combine various data and rights, providing a better basis for proving the existence of assets and assessing their value. This enables investments in real assets that span across borders.

MVL plans to enhance the reliability of key data, such as the model year and mileage of vehicles operating in Southeast Asia, through collaboration with several blockchain specialist groups, including data oracles and validators. With this framework, investors can monitor the location of their vehicle assets and review their driving history at any given time, empowering them to invest with confidence. This model, which combines vehicle life cycle data (vehicle DePIN) and financial data (private data) as NFTs on the blockchain, forms the cornerstone of MVL's initiative in Real-World Assetization (RWA) for vehicles.

![](https://cdn.imweb.me/upload/S20210416bccc442510498/9e8a1aca78247.png)

\
As mentioned earlier, anyone can access the real-time mileage data of ONiON vehicles and bikes at [MVL Depin](https://depin.mvlchain.io/vehicle-networks). The vehicle network provides detailed information about the vehicle's real-time driving status, location, and mileage. It also offers interactive features that display the driving route, total distance traveled, and connected battery status and performance for each individual vehicle.

**3. Energy Infrastructure Network**&#x20;

![](https://cdn.imweb.me/upload/S20210416bccc442510498/905aca2de46c9.jpg)

\
In addition to mobility services, MVL’s DePIN extends its reach into energy infrastructure, with a network of over 2,500 swappable batteries and 16 E-stations in the two largest cities in Cambodia. There are plans to expand this network to other countries in the near future. MVL's energy infrastructure network enables seamless integration with electric vehicles and other energy-dependent systems.<br>

![](https://cdn.imweb.me/upload/S20210416bccc442510498/c23e5b6bd9aad.jpg)

\
MVL's energy infrastructure network entails the collaborative management of battery assets and the joint recording of battery life data with various partners, including PTT and Total Energy. MVL plans to collaborate with multiple partners, utilizing asset management and blockchain technology, to introduce innovative products like battery assetization (RWA), energy collaborative management networks, and other offerings.

**Introducing MVL's Innovative Ventures: Mobility DePIN and RWA**

Looking back at 2018, MVL's TADA entered the ridesharing market, which was dominated by large monopolies, as a latecomer and many thought it would not succeed. However, over the past six years, we have changed the traditional mobility market by utilizing completely new strategies such as DePIN and zero commission.

Lately, the blockchain landscape has seen a surge in new projects aiming to bridge the gap between the physical world and blockchain, such as DePIN (Decentralized Physical Infrastructure Network) and RWA (Real-World Assets).&#x20;

In light of this trend, we've been receiving numerous collaboration proposals from various partners, including TADA's successful integration with DePIN and ONiON's partnership for vehicle RWA. As a result, MVL plans to enhance its visibility and impact by engaging in more collaborations and marketing efforts within the global blockchain community.

In our upcoming blog, we'll delve deeper into TADA's success story, showcasing how it has leveraged DePIN's capabilities—an aspect that many people are eager to learn about.

Thank you.

MVL


# Real World Asset (RWA) Tokenization Use Case

DEMO NFT Final -  Pilot Project Results

![](https://cdn.imweb.me/upload/S20210416bccc442510498/b6113cf8ec72f.png)

Hello, this is the MVL team.&#x20;

MVL is continuously innovating the mobility industry using blockchain technology.

Since 2018, MVL’s actual mobility businesses such as the TADA ride-sharing service and ONiON Mobility, a vehicle and energy ventures, have seen significant growth in Southeast Asia, now reaching a stage of stable profitability. Consequently, we are steadfastly fulfilling MVL's initial promise of creating a 'mobility ecosystem where participants share value' through initiatives like ecosystem funding and sustainable staking programs.

Now, we're thrilled to announce that one of the key drivers for MVL's future growth, the Vehicle RWA-NFT project, is beginning to take shape. In particular, the new attempt of 'Vehicle Assetization' integrates blockchain technologies such as data management and NFT into the mobility service, encompassing MVL's actual vehicle assets and rental finance.

Through this initiative, MVL believes it can bridge the financial infrastructure gap between developed and developing countries in the mobility industry and create an inclusive financing tool, benefiting a greater number of people.

***

\
**Contents and Results of Vehicle RWA Pilot Project (DEMO NFT)**

The DEMO NFT, a pilot project for vehicle RWA initiated two years ago, has a structure that grants partial ownership of actual vehicles. In line with the fundamental principle of RWA, which involves tokenizing real assets on the blockchain, DEMO NFT can be considered a financial product where profits are received upon maturity.

In accordance with this, we would like to share the results of the vehicle RWA (DEMO NFT) conducted over approximately two years from March 2023, and as promised, distribute actual profits to existing DEMO NFT holders.

**First of all, the basic structure of MVL’s vehicle RWA is as follows.**

![](https://cdn.imweb.me/upload/S20210416bccc442510498/7d2bc2b32c137.png)

The rights to the vehicle, encompassing both the vehicle asset itself and the revenue generated from rentals, are integrated into NFTs.

All our ONiON vehicles currently in operation throughout Southeast Asia are connected vehicles. This implies that crucial ownership data of the vehicle asset, including real-time location, mileage, and pertinent certificates, are seamlessly integrated into the MVL protocol. Additionally, since these vehicles are rented out to local TADA drivers, the driver's monthly payments, and also financial data are also synthesized into the NFT.

\
Moreover, all our ONiON vehicles deployed across Southeast Asia are connected vehicles, ensuring that essential ownership data, such as real-time location, mileage, and relevant certificates, are effortlessly incorporated into the MVL protocol. Furthermore, as these vehicles are leased to local TADA drivers, their monthly payments—comprising financial data—are also integrated into the NFT ecosystem.

Traditionally, verifying vehicles situated in foreign countries or accurately gauging rental revenue poses significant challenges, impeding the widespread adoption of such products. In MVL's RWA protocol, vehicle data, various proof of ownership, rental revenue streams, are connected and synthesized on the blockchain, making it possible to implement them simply as a single NFT.

In essence, owning MVL's RWA NFT means holding all rights to the actual vehicle, including ownership and rental income. This allows vehicles to transform into mainstream financial assets.

**Let's move on to the profitability aspect of vehicle assetization.**

![](https://cdn.imweb.me/upload/S20210416bccc442510498/fb8a413cd678e.png)

\
The MVL team has developed and piloted the vehicle RWA NFT model in Southeast Asia over the last two years. Initially, there were apprehensions regarding feasibility, stemming from limited experience in vehicle production and sales. However, as the business landscape has stabilized, establishing it as a viable financial product has become feasible.

\
Here are the structure and profitability details of the vehicle RWA pilot project, DEMO NFT:

![](https://cdn.imweb.me/upload/S20210416bccc442510498/63b772ff2322d.png)

\
In March 2022, DEMO NFT was priced at approximately $500 per unit upon sale. This valuation amounted to about one-tenth of the value of the connected vehicles at the time.

\
As of March 2024, two years later, the measured value of the NFT has increased to approximately $876 per unit. This value is determined by combining the residual value of the connected vehicle assets and the accumulated rental fees over the period.

Accordingly, the final return on investment (ROI) for MVL's vehicle RWA, DEMO NFT, is as follows:

![](https://cdn.imweb.me/upload/S20210416bccc442510498/88d801c00ac17.png)

\
In this demonstration model, a significantly higher ROI, reaching a maximum of approximately 94.67% based on the 2-year ROI, was observed compared to other products. This is attributed to a combination of factors including the cumulative rental income from vehicles over the past two years, increased vehicle occupancy rates per NFT due to local vehicle production efficiency, and the appreciation of MVL's value as a primary means of payment.<br>

\
**Here are more specific results regarding the marketability of vehicle RWA.**

1. High Loan Interest Rates in Southeast Asia

The baseline profitability of MVL RWA NFT, with a primary focus on the Southeast Asian mobility market, is closely intertwined with the elevated interest rates prevalent in the region. Presently, in Cambodia, bank loan interest rates for drivers aiming to purchase vehicles hover around 25% annually. Conversely, ONiON's vehicle rental program offers drivers more favorable interest rates, while also providing a compelling opportunity for investors from developed countries to achieve higher returns compared to their domestic markets.

2. Low Driver Risk Due to Direct Operation of TADA Service

Despite the fact that ONiON T1 vehicles primarily used for commercial purposes, a majority of T1 drivers use our TADA software for their transportation service. Throughout this process, the assessment of driver creditworthiness and the payment of rental fees are managed through TADA's data and technology infrastructure. This streamlined approach effectively mitigates the risk of non-payment by drivers compared to traditional financial models.

3. Accumulating and Holding Rental Fees as MVL Tokens until Maturity

In this model, rental fees collected are steadily accrued and held as MVL tokens over a two-year period, disbursed upon maturity. Profits accumulated can be evaluated in both USD-based returns and an increase in the quantity of MVL tokens, providing investors with a potentially higher rate of return. Consequently, this model not only ensures stability in terms of profitability but also offers the prospect of additional gains if the value of MVL tokens appreciates.

4. Efficiency Improvements in ONiON's Vehicle Production and Operation

Since its establishment in 2022, ONiON has significantly improved its production efficiency and infrastructure operational capabilities. As a result, the proportion of vehicles occupied by a single NFT, initially valued at $500, has increased by approximately 25%, from 10% to 12.5%. In upcoming RWA NFT models, leveraging the current advancements in vehicle production capacity, we anticipate the introduction of more reasonably priced vehicle product models.

***

\
**Future Directions for MVL's RWA NFT**&#x20;

\
Through the DEMO NFT pilot project, we have verified that MVL's vehicle-based financial products can be materialized in the real-world. Additionally, we have identified areas for improvement and possibilities for mainstream adoption.

\
Building upon these achievements, MVL intends to actively advance the vehicle RWA project in the future.

\
The future direction for MVL's RWA NFT initiative :

\
In this pilot project, we've successfully established the foundational framework for vehicle asset management by integrating mobility financial data onto the blockchain. We've completed all essential development tasks, including linking vehicle asset data to NFTs, and we've also created detailed product pages.

\
We are currently working on refining our products based on the regulatory requirements of each country to ensure mass adoption.&#x20;

Firstly, we plan to publicly disclose the location and driving data of actual vehicles on a map-based platform. While a 10% annual interest rate on vehicle RWA may be appealing to investors from advanced countries, the inability for investors to directly verify and manage overseas vehicle assets can be a barrier to entry. To address this, it's necessary to prove the existence of vehicle assets with data and manage them on the blockchain. Additionally, this aligns with recent attention in the blockchain market on foundational technologies categorized under DEPIN (Decentralized Physical Infrastructure Network).

\
Furthermore, we are refining target countries for long-term growth, enhancing compliance and sales strategies. Currently, we are considering the Japanese market, where prolonged low-interest rates have popularized overseas asset investments. However, as RWA involves both physical assets and finance, compliance with regulatory authorities is crucial. Therefore, we are in the process of establishing a local MVL entity in Japan and undergoing final legal and tax reviews locally. Through these steps, we anticipate the first sales to commence as early as the second quarter of this year.

\
We've shared the progress and final results of MVL's vehicle RWA NFT empirical project conducted over the past two years. DEMO NFT holders can claim their profits through the link provided below:

\
&#x20;       DEMO NFT Claim 👉 <https://demonion.io/claim>&#x20;

\
Moreover, in 2024, we plan to introduce visible products such as MVL Staking linked to actual business performance, DEPIN Map as a mobility data hub, and the full launch of vehicle RWA NFTs.

\
Moving forward, MVL will continue to enhance innovation in the traditional mobility market and increase recognition in the global crypto market through our technological prowess. We deeply appreciate the continuous support and participation of the MVL community.

\
Thank you.

\
Trust-Driven&#x20;

MVL&#x20;


# How TADA mini Fuels MVL’s Token Ecosystem

![](https://cdn.imweb.me/upload/S20210416bccc442510498/134953a56ef32.jpg)

\
**About TADA mini**&#x20;

TADA mini is the first real-world Web3 ride-hailing service connected to TADA’s extensive network of over 300,000 drivers. Users can book rides with the TADA mini app on Telegram in just a few clicks by linking their web3 wallet and using various cryptocurrencies.

The successful launch of TADA mini at Token2049 in Singapore in September 2024 marked a significant milestone in the Web3 scene. Over 15,000 crypto and Web3 enthusiasts— 80% of all attendees— experienced TADA mini firsthand, witnessing this groundbreaking innovation in action.

What sets TADA mini apart is its seamless integration of Web3 technology into a service that remains simple, intuitive, and highly efficient. Riders can easily book rides without the hassle of downloading apps, or signing up. This simplicity, combined with TADA’s high ride-matching rate, has drawn significant attention, positioning TADA mini as a leader in driving the mainstream adoption of Web3.

Building on the success of this innovative service, the MVL team aims to further expand its ecosystem. A key initiative includes integrating MVL tokens into the TADA mini app, creating a more robust and valuable token economy. This connection will enhance the sustainable and long-term utility of MVL tokens, ensuring they are closely tied to the development of TADA mini.

***

\
**MVL’s Current Tokenomics: Buyback & Value Sharing**

![](https://cdn.imweb.me/upload/S20210416bccc442510498/afea98f62da8e.jpg)

\
The MVL token economy is designed to establish a real-world mobility ecosystem, where MVL tokens are actively utilized and circulated. Since 2018, MVL has been operating TADA, a ride-hailing platform in the Southeast Asia region, laying the foundation for this innovative mobility ecosystem. In early 2024, the MVL team implemented a “Buyback & Value-Sharing” initiative, strategically purchasing MVL tokens from the market using revenue generated by TADA. This value is then shared with ecosystem users through staking programs, fostering a sustainable and long term utility of tokens. In February 2024, MVL successfully completed its first buyback round, acquiring $1 million worth of tokens from the market.&#x20;

Looking ahead, TADA mini is set to elevate the MVL token economy even further. It not only facilitates seamless transactions by integrating Web3 wallets and cryptocurrencies into the ride-hailing process but also includes appealing features such as referral missions, recommended destinations for on-site events, and advertising functions. These elements are attracting numerous collaboration proposals from various projects. As these projects seek to partner with TADA mini, they will require MVL tokens, thereby increasing both the utility and scarcity of MVL tokens over time. This dynamic environment positions MVL for sustained growth and innovation in the evolving landscape of Web3.

***

**How TADA mini Fuels MVL's Tokenomics**

![](https://cdn.imweb.me/upload/S20210416bccc442510498/b3d5b73183e15.jpg)

**Enterprise (B2B) Staking for Supporting Partner Cryptocurrencies, Chains, and Wallets**

* TADA mini currently supports digital assets and wallets on the TON blockchain. Following its successful launch at the recent Token2049 event, there has been a surge in requests for collaboration and support for various tokens from major global blockchain mainnets and wallet services.
* To connect these individual products, mainnets, or tokens with TADA mini, companies are required to stake and lock up a certain amount of $MVL tokens. Unlike previous individual staking services, companies are offered new benefits such as payment services and advertising opportunities on TADA mini, instead of receiving $MVL token rewards.
* This enterprise (B2B) staking mechanism for MVL creates a strong system that continuously locks $MVL tokens in the on-chain ecosystem. This reduces the circulating supply of tokens and increases demand, which can positively affect the value of MVL. At the same time, it allows partner companies to provide their users with the powerful utility of real-world use cases, creating a long-term win-win structure.

**Fees Generated from Cryptocurrency-Based Trips**

* Currently, in addition to the initially supported TON and USDT, TADA mini is being updated to enable the use of MVL tokens. Alongside this, there are plans to offer certain benefits when using MVL tokens to increase their utility and transaction demand.
* To drive further growth for MVL, various project tokens will be onboarded to TADA mini. As payment support for these tokens is implemented, there will be demand for enterprise (B2B) staking, while also generating continuous fee revenue through individual trips.
* A portion of the fee revenue from these cryptocurrency payments will be used for MVL token buybacks, which will be deposited and stored in the on-chain treasury. This will be redistributed to MVL holders and mini-app users, creating a virtuous cycle that attracts new projects through the strengthened community.
* Moving forward, more project communities will be encouraged to use their tokens on TADA mini. In the long term, as TADA continues its regional expansion, particularly across Asia, the goal is for web3 users to use TADA mini in their daily lives, leading to numerous on-chain payments and an increase in the value of MVL.

**Online Missions and Advertising Programs**

* As mentioned earlier, TADA mini aims to become a part of the daily lives of the majority of crypto users in the long term. To encourage potential user engagement, quests and airdrop programs are currently underway. As of early October 2024, over 3.5 million global users have participated in these programs.
* This user base can be highly beneficial for future partnerships with various projects. Particularly, new projects or long-established ones launching their Telegram mini-apps for the first time have shown significant interest in TADA mini's online mission feature. As these projects purchase MVL tokens, a new business model will emerge where TADA mini provides user acquisition and advertising services.

**On-Site Advertising and Interactive Events**

* Unlike most Telegram mini-app projects such as T2E games, TADA mini operates a real business model in four Southeast Asian countries. Leveraging its strength of being connected to the real world, TADA mini can offer its distinctive services at numerous blockchain events held annually across Asia.
* This includes features like banner ads within TADA mini’s trip app or recommending side events hosted by other projects as one-click destination guides. Additionally, interactive features could be developed, such as allowing passengers to play games from other projects during a 30-minute ride and receive trip discounts. MVL tokens will also play a role in these on-site partnerships.

***

\
**Future Plans**

\
Moving forward, TADA mini plans to enhance its product with a focus on economic integration with the MVL token, secure various partners, and actively pursue new business models.

First, TADA mini will be gradually launched in four countries—Singapore, Vietnam, Cambodia, and Thailand—while supporting the use of MVL tokens. Additionally, through enterprise (B2B) staking, TADA mini will accelerate connections with various wallets and tokens. The promotion of new business models such as on-site trip events and online mission advertisements using MVL will also be actively pursued. Moreover, the mission and advertisement features will be enhanced to encourage greater participation from individual users in the ecosystem and provide them with more benefits.

The growth of TADA mini goes hand in hand with the growth of the MVL token. We are preparing various announcements, including collaborations with major partners and trip events in new regions, so please stay tuned and look forward to it!

Thank you.&#x20;

Trust-Driven&#x20;

MVL&#x20;


# Unique Crypto Wallet for the Mobility Blockchain Ecosystem

<figure><img src="https://cdn.imweb.me/upload/S20210416bccc442510498/14e33f3f63f68.jpg" alt=""><figcaption></figcaption></figure>

In our last episode of MVLog: Full-Fledged Start of MVL’s Blockchain Mobility, we covered the overall summary and introduction of the technology and business achievements that MVL has made since its founding in 2018. In this episode, we’re going to take a closer look at MVL’s recently revamped cryptocurrency wallet: Clutch.&#x20;

\
![](https://cdn.imweb.me/upload/S20210416bccc442510498/846a3f83f1ec9.jpg)

**Why has ‘Clutch wallet’ come into existence?**

MVL's official cryptocurrency wallet, Clutch, was first introduced to the world in March 2022. The name Clutch itself embodies two meanings - one related to a flat small handbag or wallet and the other to a device used for manual transmission in a car. These two meanings are reflective of the role that Clutch plays within the MVL ecosystem.

> 👨‍💻<br>
>
> ***Q. Why is it named ‘Clutch’?***&#x20;
>
> *PM: Clutch is an ambiguous word that can mean both a wallet and a device used for manual transmission in a car. We wanted to express a cryptocurrency wallet intuitively, while on the other hand, we also wanted it to symbolize the role of facilitating the connection in the blockchain and mobility ecosystem, much like how it connects and disengages power in a car to enable smooth gear shifting.*

**What sets Clutch Wallet apart from other crypto wallets?**

Currently, there are various cryptocurrency wallets in the market, such as MetaMask, Kaikas, Trust Wallet, and many other wallets, that take the form of hot wallets. While these widely used wallets are not very challenging for experienced crypto users to access, they still pose significant entry barriers for newcomers to blockchain due to unfriendly UI/UX, fees, and private key management issues. The majority of MVL Mobility Service users in Southeast Asia are newcomers to blockchain. Clutch Wallet was created to address the problems associated with existing cryptocurrency wallets and to provide an easy and convenient way for users like these to enter the Web3 environment.

Now let’s delve into how Clutch Wallet differs from typical cryptocurrency wallets and what efforts we have made to lower the entry barriers for users who are new to blockchain!

<figure><img src="https://cdn.imweb.me/upload/S20210416bccc442510498/da53cdd43a65a.jpg" alt=""><figcaption></figcaption></figure>

**One, 3-Step Login System and Social Login Feature**

Clutch introduces a 3-step login system, unlike regular cryptocurrency wallets, providing users with sufficient time to adapt to the Web3 environment. More information about this is explained below.

**Two, 2/3 Private Key Recovery Mechanism**

To maintain the security core of blockchain and alleviate concerns about private key storage, Clutch has implemented a solution for distributed management of private keys. In simple terms, a user's private key fragments are distributed among three entities: the user, MVL, and a third party. If two of these entities match the user's social login accounts, account recovery can be initiated. This reduces worries about losing one's private key for the user.

**Three, User-Friendly UI/UX and Diverse Contents**

Clutch focuses on implementing user-friendly UI/UX through continuous updates. One of its advantages is the ability to view various token assets from different networks without network changes. Users can also experience various contents, including missions and a shop feature.

**What else does Clutch do besides being a cryptocurrency wallet?**

MVL’s Clutch wallet plays a central role in connecting various mobility services, users, assets, and data to the blockchain within the MVL ecosystem. By implementing the MVL Incentive Protocol, users of TADA and ONiON Mobility can exchange the points they earn through using these services for MVP and MVL, enabling exchange into cryptocurrency as well as cash conversion (currently available in Cambodia). MVPs that are not cashed out can be utilized again in mobility services. These are offered as various coupons and products in Clutch's store feature, starting with TADA Ride coupons and ONiON Battery Swap coupons, and gradually expanding to various product lines.

Mobility service users enter the Web3 ecosystem by exchanging MVP for MVL tokens through the clutch. MVL tokens exchanged by users can be sent to exchanges, swapped for other cryptocurrency at any time, and can be further rewarded by participating in staking to contribute to the MVL blockchain ecosystem.

**Introducing our newly revamped Clutch!**

**So, what’s different now?**

<figure><img src="https://cdn.imweb.me/upload/S20210416bccc442510498/99c52f5626bf4.jpg" alt=""><figcaption></figcaption></figure>

Previously, Clutch was a simple crypto wallet that could be connected to TADA to receive ecosystem participation rewards, as well as store and manage cryptocurrencies and tokens. However, we are continuously developing it to become a hub that can create ecosystem synergy by connecting MVL, TADA, and ONiON Mobility. Therefore, with this revamp, we have improved the UI/UX to make it easier for users unfamiliar with crypto wallets and web3 to learn and experience blockchain-related features. This allows users to participate in continuous service provision and app activation, and contributes to making the blockchain ecosystem more accessible.

Here are more details about this Clutch update:

1. Users can explore all tabs except the Wallet tab in Clutch before logging in.
2. The UI has been improved to integrate the wallet structure that was separated by blockchain network, allowing users to view it on one screen without selecting a network. The settings UI and overall UI have also been improved to be more user-friendly.
3. Added the features to swap MVP to bMVL and transfer it to an external blockchain wallet, as well as the feature to transfer MVP between Clutch users.
4. Klaytn Network blockchain wallets have been added, and GXA tokens are now supported in Clutch.

**Full Implementation of the Mobility Incentive Protocol with MVP in Clutch**&#x20;

<br>

<figure><img src="https://cdn.imweb.me/upload/S20210416bccc442510498/a73dd6b8b70ad.jpg" alt=""><figcaption></figcaption></figure>

In Clutch, MVP stands as an incentive point system that holds a 1:1 value with MVL Tokens. What makes MVP point unique is its role in enabling access to Web3 for mobility services, distinguishing them from the typical web2 service point incentives. A crucial feature here is the point to token swap, which effortlessly converts MVP points into MVL tokens, reinforcing web3 connectivity.&#x20;

<figure><img src="https://cdn.imweb.me/upload/S20210416bccc442510498/ab86bc85a0e6f.jpg" alt=""><figcaption></figcaption></figure>

Earning MVP points is achievable through daily mission participation within Clutch. Additionally, users who connect their TADA account with Clutch receive MVP points as rewards. At any given time, users have the flexibility to exchange these accumulated MVPs at a 1:1 rate for MVL tokens.

To maintain a consistent value between MVP and MVL tokens, we employ smart contracts that carefully regulate the issuance and burning of MVPs. When MVL tokens are locked up, the system generates an equivalent amount of MVPs, and MVL tokens are only unlocked when MVPs are burned.

Furthermore, a "Shop" tab will be added to Clutch, allowing users to purchase vouchers and products from TADA and ONiON using MVP points to benefit from MVL mobility incentives. This interconnected asset structure is expected to boost the adoption of MVL tokens among Southeast Asian users and promote the overall growth of the MVL ecosystem.

**Ultimate User Guide to Clutch**

Users of Clutch are free to explore all tabs except the wallet tab, even without signing up. If you're curious about what Clutch has to offer, download the app to take a closer look!&#x20;

<figure><img src="https://cdn.imweb.me/upload/S20210416bccc442510498/ff6147d3c21a4.jpg" alt=""><figcaption></figcaption></figure>

* After signing up through social login, users will gain access to Clutch's Web2 features. With these, users can enjoy various benefits, such as earning MVP points through daily missions and mini-games, connecting with TADA, and receiving rewards for participating in MVL's ecosystem.
* The next step involves activating the blockchain wallet and utilizing Web3 to enable its functions. By enabling Web3 features, users can perform various actions, including exchanging MVL Tokens and conducting external transfers with their blockchain wallet.

Clutch employs a security system with three essential elements: a private key, a PIN, and a seed phrase. The PIN is a 6-digit password that enhances the accessibility of Clutch. The private key is securely stored on mobile phones, providing users with access to their wallets. This key is composed of random numbers and letters, ensuring strong security for users' wallets. In case users ever lose their private key, they can safely recover their wallet using the seed phrase.&#x20;

![](https://cdn.imweb.me/upload/S20210416bccc442510498/a92b0f2826988.jpg)

For more detailed information, check out the links down below.

Clutch User Guide: <https://docs.mvlchain.io/user-guide/clutch-wallet-guide>

Download Clutch: <https://link.mvlclutch.io/16mo>

In celebration of this renewal, we have prepared interviews of MVLers who are planning and developing Clutch. Find out the primary focus of this update and how Clutch will unfold in the future through the interview down below 🙂

> **👨‍💻 Mini interview 👩‍💻**
>
> ***Q: What was the primary focus of this Clutch renewal update?***
>
> *A: The ultimate goal was to create a more user-friendly wallet for everyone. Blockchain products can often be challenging for people who are not familiar with web3 services. This is especially true for users who are not familiar with the need to choose a specific blockchain network and use different wallets for each network.*
>
> *To address this issue, we've conducted the renewal of Clutch. Now, instead of managing multiple wallets for different networks, users can easily check and manage their coins across all networks on a single screen. Our primary focus during this Clutch renewal was simplification, making it easy for users to interact with blockchain wallets. Now, all they have to do is select the coin they want to use and the appropriate network will be automatically chosen.*
>
> ***Q: Why were the benefits related to Clutch updates prioritized towards Southeast Asia?***
>
> *A: Firstly, TADA and ONiON, which are MVL's core mobility businesses, primarily operate in Singapore and Cambodia. Given this, we made the strategic decision to focus on enhancing Clutch in this region, so that we can offer our customers a broader and more valuable range of benefits through Clutch. Particularly noteworthy is the fact that these two services are experiencing significant growth in Southeast Asia. We believe that by effectively utilizing the synergy that can be achieved through collaboration among these three companies, we can deliver services that users can truly experience and appreciate.*
>
> ***Q: What is the most challenging aspect of the development of Clutch?***
>
> *A: Clutch represents a unique challenge for developers, as it stands at the intersection of two distinct data and logic paradigms. It's neither a wallet relying solely on on-chain data nor a Web2 application dependent solely on server data. The complexity of development arises from its mission to create value by effectively integrating these two data sources and their respective logic.*
>
> ***Q: What benefits and conveniences can the Clutch app bring to mobility users?***
>
> *A: Firstly, it will be more closely connected with MVL's mobility services. For instance, we intend to purchase TADA discount coupons within the app, benefiting users who use TADA services in Cambodia. Moreover, we have plans to extend the advantages of Clutch beyond just passengers, including drivers and contributors in the mobility ecosystem, allowing them to benefit as well.*
>
> ***Q: How does Clutch differ from a standard crypto wallet?***
>
> *A: Clutch was created with genuine care and consideration for users, with both development and design prioritizing user-friendliness. We've strived to make every interaction as seamless and comfortable as possible. For instance, we've minimized unnecessary steps, reducing the complexity of actions users need to perform within the wallet. This user-focused approach sets Clutch apart and makes it more convenient for users.*
>
> ***Q: What features do you hope users will make use of in Clutch through this update?***
>
> *A: We encourage users to explore the mission function and strive to achieve MVP status daily. MVP points, equivalent in value to bMVL, can be easily earned by completing the missions we offer. These MVP points can be accumulated and used in our shop tab. We recommend purchasing a TADA coupon and utilizing it when using TADA services in Cambodia. Additionally, we have plans to introduce more missions in the future, so stay tuned for exciting updates!*
>
> ***Q: How would you describe the new Clutch app in one word?***
>
> *A: I would describe it as a crypto wallet that is easier, more convenient, and closely integrated to the mobility ecosystem.*
>
> ***Q: Tell us briefly about the future plans of Clutch.***
>
> *A: Ultimately, the goal is to serve as a central hub to connect all the participants in the MVL mobility ecosystem. In the short term, it will be used by mobility participants in Cambodia, including TADA riders and drivers. In the long term, it will expand to serve users of TADA services in other countries and ONiON EV users.*
>
> *Stay tuned and look forward to Clutch's continued growth!*

As stated in the interview, the ultimate goal of Clutch is to serve as the central hub of MVL's mobility ecosystem. The mobility ecosystem of MVL encompasses TADA ride-hailing services, ONiON Mobility electric vehicle and related infrastructure systems, and the MVL blockchain that connects all. We appreciate your support as we work towards connecting and growing this ecosystem.

We will see you again in the next post.

Thank you.

MVL


# History of MVL's Blockchain Mobility Ecosystem

![](https://cdn.imweb.me/upload/S20210416bccc442510498/7e9f9b70daedb.jpg)

**Reflecting on the Past 5 Years of MVL’s Journey**

Back in 2018, MVL embarked on a mission to revolutionize the field of mobility. As we stand five years after the launch of MVL’s first service, we find ourselves on the brink of unveiling projects that seamlessly merge mobility with blockchain technology. Before we do so, we would like to take the time to review our business achievements, technological advancements, and operational expertise that we have accumulated over this period.

As outlined in MVL's initial white paper from 2018, the core vision of MVL is to tackle the problems created by information asymmetry within the traditional mobility sector, along with challenges related to data monopolization and exploitative fees imposed by industry giants, all through blockchain technology. The fundamental principles of MVL encompass ensuring data transparency via blockchain, establishing trustworthy incentives for contributors within the ecosystem, and creating new added value for mobility data. In order to achieve this goal, it is necessary to ① establish technology covering all aspects of mobility; ② create services engaged by numerous individuals on a daily basis, and ③ construct blockchain platforms upon these foundations. Therefore, since 2018, MVL embarked on providing mobility services targeting the Southeast Asian market.

Initial Image of TADA

<figure><img src="https://cdn.imweb.me/upload/S20210416bccc442510498/39e43808e1b60.png" alt=""><figcaption></figcaption></figure>

The first step of MVL was the introduction of TADA, a zero-commission ride-hailing service that rolled out in Singapore in July 2018. Currently, the service has expanded to Cambodia and Vietnam, in addition to Singapore. While MVL had the vision to innovate the mobility sector through blockchain, the concept of blockchain was relatively unfamiliar to general mobility users back in 2018. Consequently, the primary focus was to establish the growth of the tangible business. Therefore, MVL has operated not only ride-hailing services but also various mobility services such as carpooling, chauffeur, and cargo delivery services either directly or indirectly. While some services emerged as pivotal drivers for MVL, others didn't gain widespread popularity. Nonetheless, each contributed to the accumulation of expertise and know-how in the mobility sector, thereby serving as valuable solutions.&#x20;

Building upon the past technology and expertise, we are currently concentrating on actualizing the authentic mobility innovation MVL pursued by focusing on three main areas: the TADA— a ride-hailing service, ONiON Mobility—an electric vehicle manufacturing and infrastructure company, and the MVL Blockchain.&#x20;

![](https://cdn.imweb.me/upload/S20210416bccc442510498/38f149b49b65b.jpg)

**The Present of MVL**

**TADA, ONiON Mobility, and MVL**

**TADA**

TADA has grown into a widely embraced ride-sharing mobility platform, catering to approximately 200,000 drivers and 2 million passengers (equivalent to a third of Singapore's population) across Singapore, Cambodia, and Vietnam. Since its first introduction in Singapore in 2018, it has gained substantial popularity due to its "zero commission" policy, which exempts drivers from platform fees. This approach has driven TADA's rapid rise in the market, focusing on providing services and infrastructure that prioritize driver earnings and convenience. Within the span of five years, TADA has emerged as a strong contender against industry giant Grab by currently handling nearly 100,000 daily trips and transactions. TADA has laid a strong foundation by securing a ride-hailing license from the Singaporean government - previously held by only three companies in Singapore. Furthermore, TADA's influence has expanded to Cambodia, where it's growing rapidly as a top-three service, competing alongside local giants like PassApp and Grab.

![](https://cdn.imweb.me/upload/S20210416bccc442510498/f2fcbaa28e91c.png)

**ONiON Mobility**

Meanwhile, ONiON Mobility is a company that manufactures electric vehicles and builds energy infrastructure. In 2022, ONiON Mobility established an electric vehicle and bicycle manufacturing plant in Cambodia. During the same timeframe, ONiON Mobility also collaborated with global companies such as Total Energies and the Thai National Oil Corporation (PTT) to establish "Mega Station" and "Hub Stations" in Phnom Penh, the capital of Cambodia. These stations function as community hubs offering charging and repair facilities for electric vehicles, as well as providing a relaxing space for drivers.

The map of ONiON Stations in Cambodia &#x20;

<figure><img src="https://cdn.imweb.me/upload/S20210416bccc442510498/0c7296a8303cb.png" alt=""><figcaption></figcaption></figure>

ONiON Mobility is operating in several key areas: ▲ Manufacturing battery-swappable electric vehicles ▲ Establishing and managing battery swap stations of electric vehicles  ▲ Developing user and manager app/web interfaces ▲ Collecting data and operating systems of ONiON Mobility vehicles. This journey began with the launch of ONiON T1, battery-swappable electric tricycle, in February 2022, followed by T1c, a commercial electric truck. Currently, over 500 commercial vehicles are actively operating there.

![](https://cdn.imweb.me/upload/S20210416bccc442510498/68b21c64fa5ba.jpg)

ONiON Mobility station and T1 vehicle

**MVL Blockchain**

Blockchain serves as MVL's core identity and a driving force for future expansion. Currently, MVL is focusing on creating synergy with MVL's fundamental services -  TADA and ONiON Mobility. Looking ahead, our objective lies in evolving into a blockchain platform that caters to all mobility services and users.

1. TADA X MVL Incentive Protocol:\
   TADA and MVL have joined forces to provide MVL tokens as incentives to outstanding drivers. This approach increases the utility of the MVL token, ensuring that exceptional drivers receive rewards for their contributions to the ecosystem. Furthermore, efforts are underway to improve user experience and develop services to utilize MVL tokens for various products and services through TADA and Clutch wallet. Through this protocol, the value of the MVL ecosystem is expected to expand, perpetually increasing the token's value.
2. ONiON X MVL NFT Financing:\
   ONiON Mobility and MVL are jointly developing vehicle rental models using NFTs. This innovative framework will establish a vehicle rental model between international vehicle owners and local drivers through NFTs. Consequently, drivers can easily use vehicles without relying on bank loans with high entry barriers, and it's projected to lead to a significant increase in vehicle users. For overseas car buyers, it provides them an environment to operate car rental businesses similar to taxi companies using NFT technology.
3. Reinforcing MVL Blockchain's On-Chain Infrastructure:\
   MVL is dedicated to establishing a robust blockchain infrastructure of Clutch wallet, built upon the MVL blockchain. We're utilizing MVL points to enhance the connectivity and usability between TADA and Clutch wallet and further broaden the scope of purchasable mobility products. In addition, to enhance investors' on-chain liquidity, we consistently provide on-chain liquidity through LP staking and strengthening our on-chain infrastructure.

Through these endeavors, MVL's blockchain is actively undertaking diverse challenges and efforts to create synergy between MVL's core businesses and ultimately moving closer to the future of mobility envisioned by MVL.

Now, as products combining mobility and blockchain gain more prominence, what will be MVL's primary focus in the next stage?

Let's explore further.

**MVL’s Journey Ahead**

**Full-fledged Operation of MVL Blockchain Protocol**&#x20;

From the second half of this year, MVL will introduce the new MVL protocol to present innovative future mobility services. The MVL protocol represents a groundbreaking mobility solution that combines mobility and blockchain. As mentioned earlier, up until 2023, MVL has concentrated on developing and launching two services - the incentive protocol and the financing protocol - and the Clutch wallet infrastructure has been launched to operate the protocol. In the future, MVL plans to introduce solutions in various fields such as environment and products based on data generated in the mobility ecosystem.

**MVL Mobility Incentive Protocol**

Currently, mobility services in the MVL ecosystem are provided with various incentive programs for ecosystem participants. In the future, MVL plans to design and implement incentive programs more strategically so that ecosystem participants can benefit sufficient rewards for their contributions.

* Our strategy involves introducing various missions based on service growth, driver-rider demand and supply patterns across different times of the day. This approach is anticipated to bolster TADA's next phase of expansion.
* We plan to initially focusing on Cambodia, where TADA currently operates, and subsequently expand to other nations, paying particular attention to each country's economic status, societal characteristics, and cultural attributes.
* We plan to expand partnerships in two ways: 1) by opening up the incentive protocol to other mobility services, and 2) by collaborating with blockchain companies so that mobility users can get various benefits from the Clutch wallet.

**MVL Mobility Financing Protocol**

ONiON has been managing all the real-time driving data and historical data of the vehicles MVL has sold, but MVL has been focusing on local sales and operations, so connecting with NFTs has been delayed. In the future, users will be able to prove the ownership and rental status of users’ vehicle through NFTs, accessing the vehicle dashboard and various data boards, and easily check vehicle assets in Southeast Asian countries such as Cambodia and others. Currently, we have completed building the real-time data sets, integration procedures, and development of visualizations such as dashboards. We are now in the process of launching and commercializing this system on Clutch.

The entire process of the financing protocol involves the integration of both mobility technology and blockchain technology. In the future, as the financing protocol expands, MVL plans to incorporate new and diverse services into the NFT itself. This integration will span across MVL's mobility ecosystem and encompass collaborations with various mobility partners.

**Big Change in the Clutch Wallet**&#x20;

Clutch Wallet Example Image&#x20;

<figure><img src="https://cdn.imweb.me/upload/S20210416bccc442510498/9258d91eab74d.jpg" alt=""><figcaption></figcaption></figure>

In the past, Clutch was a simple cryptocurrency wallet for TADA users to receive incentives. However, in the future, it will transition into a Web3 entry point not only for TADA but also various mobility services and vehicle manufacturers around the world, as well as a mobility blockchain platform.

To achieve the following plans, MVL has been updating Clutch through various empirical tests over the past year or so. For example, given that most mobility services operate on Web2 platform, the Clutch wallet supports the swap function between Web2 points and Web3 cryptocurrency. In addition, to simplify the process for mobility users, addressing challenges like complex private key management, we've introduced a gradual onboarding approach to Web3. This includes the option of social login, followed by the generation of private keys at a later stage during token swapping. In the future, Clutch wallet will evolve into a more expanded infrastructure where external mobility services can easily integrate MVL's blockchain protocol, and users can enjoy various missions and discounted purchases through the Clutch wallet. We will continue to share in-depth development insights and behind-the-scenes information through our blog.

**Application of the Token Economy**

MVL’s mobility driven real-world business token economy, which is the core of the MVL ecosystem will be activated in earnest.

MVL Token Economy Map&#x20;

<figure><img src="https://cdn.imweb.me/upload/S20210416bccc442510498/2c625f72cf320.jpg" alt=""><figcaption></figcaption></figure>

Seems a bit complicated, right? To simplify, external value generated by mobility services such as TADA flows through the Clutch wallet into the open treasury, the MVL's token ecosystem. Since MVL tokens have a limited supply, the token lockup and distribution must be interlocked in order for the utility function to be sustained in the MVL ecosystem. This value circulation will be transparently carried out according to the lockup and distribution policy through smart contracts in the open treasury.

For the economic cycle, unlocked tokens are distributed back in the MVL ecosystem after their lockup period in the treasury. The main policies of the ecosystem, such as the distribution ratio of MVL tokens for each major category, are determined via on-chain governance- essentially, the consensus of MVL token holders.

MVL tokens are utility tokens, which means they can be used for various services within the MVL mobility ecosystem, as well as purchase goods and more. With the features built into the Clutch wallet, users can purchase coupons, redeem points, pay fees for affiliate services and companies, and more, so stay tuned for more ways to utilize MVL tokens in the future!

In the near future, on-chain governance features will also be introduced, allowing MVL holders to directly participate in key ecosystem decisions and voting process. From the initial distribution of MVL Treasury to the ecosystem, participants will be able to actively propose various opinions and receive rewards in the long term.

**We invite you to take part in the staking program within the MVL ecosystem network🙂**

MVL Token is a commodity on major public networks such as ETH and BNB. To enhance the usability of MVL Token and strengthen governance functions, it is necessary to ensure that MVL Token is acquired and sold smoothly on-chain.

The [MVL Bridge](https://mvlbridge.io/) website provides LP staking system. All MVL holder can provide liquidity between mainnet coins such as MVL-ETH and bMVL-BNB and MVL tokens, thereby earning corresponding rewards. For more information, please refer to the announcement in the MVL community!

**Overall**

How's the first chapter of our blog? In this chapter, we've taken a quick look back at our achievements and challenges since 2018. Because MVL's mobility business operates in Southeast Asia, including Cambodia, Singapore, and others, it's challenging for individuals outside these countries to genuinely experience and deeply understand MVL. Furthermore, being the pioneer in integrating an actual  mobility business into the blockchain, MVL has raised numerous questions about the process of ecosystem development, from the media, other mobility services, MVL holders, and various stakeholders.

In response to this external curiosity, our team has chosen to document and update more insights about the MVL project in this blog. We’ll be sharing this blog within our community, primarily on our official website, as well as our Telegram channel and Twitter. Please stay tuned for the upcoming chapter!

Thank you.

MVL Team


# Onchain Activity on Hybrid Blockchain: Driver Passport NFT

![](https://cdn.imweb.me/upload/S20210416bccc442510498/1654ec8950010.jpg)

**Overview**

As mentioned in the last Development Blog (<https://mvlchain.page.link/kRVr>), the MVL team has recently launched Hybrid Blockchain.

As a result, real-time data generated in TADA Singapore is currently stored in Hyper Ledger, and histories of stored data and updates are stored in IPFS and Tezos Mainnet.&#x20;

At this time, we would like to briefly introduce the progress as of today.

* The portion of the Driver Passport including recent driver's information is completed.
* Information of the first 300 drivers is stored completely (stored in NFT format on Tezos Mainnet)
* All remaining drivers' information in TADA Singapore will be stored and all mapped NFT will be issued on Tezos Mainnet in the future.

For better understanding, a diagram of the Hybrid Blockchain is provided below.

![](https://cdn.imweb.me/upload/S20210416bccc442510498/895dbe2fb9593.jpg)

MVL's Hybrid Blockchain is divided into Hyperledger Fabric and Tezos Protocol. If you refer to the diagram, it will be easy to understand “which” data is stored in “where”.

***

**Details**

More details of the development situation are given below.

So far, a total of 277 "Driver Passports" have been created.

As briefly mentioned above, the Driver Passport contains various sensitive information about the Driver. Same as the passport we carry around for traveling abroad. Since there is only one passport for each individual in the world, Driver's passport is the only token in the world in form of NFT.

* Example of Driver Passport and Passport ID :

![](https://cdn.imweb.me/upload/S20210416bccc442510498/b2de35f0e5806.jpg)

The Contract address for “Driver Passport” is provided below.

* Smart Contract address of issued Tezos Driver Passport NFT: KT1WWHbD2pMhfB1UavXwLLCSizc2crkrqef9

&#x20;       (<https://tzstats.com/KT1WWHbD2pMhfB1UavXwLLCSizc2crkrqef9>)

* Click on Smart Contract storage above to check the number of NFTs issued so far.

![](https://cdn.imweb.me/upload/S20210416bccc442510498/24d61b1b47b1c.jpg)

If you go to the Token Metadata section in Smart Contract, you can also check each unique information on the issued NFT.

(<https://tzstats.com/KT1WWHbD2pMhfB1UavXwLLCSizc2crkrqef9>)&#x20;

![](https://cdn.imweb.me/upload/S20210416bccc442510498/f4c494065ebd4.jpg)

For better understanding, each token has its own **token\_id**, **IPFS address**, **hash**, and **name value**. The details are provided below.

* **Token\_id**: ID that shows the number of issued NFT
* **IPFS address**: Indicates corresponding NFT status (Minting or update), date of recent status change, and IPFS address of the previous status
  * IPFS address changes every time the status changes, therefore the previous IPFS address is stated as well.
  * <https://ipfs.tzstats.com/ipfs/QmXGw2DCworGL4Mw91goCWJxp3sEKGQgLcCsyi1GKrpHdA>&#x20;
  * ![](https://cdn.imweb.me/upload/S20210416bccc442510498/40d93ff249a08.png)<br>
* **Hash**: Hash value of data for Driver stored in the Hyperledger fabric&#x20;
* **Name value**: Passport ID value for the unique ID number of Driver stored in the Hyperledger fabric&#x20;
  * By connecting the name values of NFT and each Driver's Passport ID in Hyperledger Fabric, participants of Hyperledger Fabric can confirm the generation and updates on Driver's data stored in Hyperledger Fabric on Tezos public blockchain.

***

**Conclusion**

Since the launch of the Hybrid Blockchain, anyone can track “what” the MVL team is doing and its “achievement” from the works on Onchain.&#x20;

Today, we just shared the intermediate process of utilizing the Hybrid Blockchain. However, if anyone is wondering about when will all TADA driver passports be issued on NFT, check out at any time!

Once all the TADA driver passports are issued, Wallet and De-fi will be launched.

Please stay tuned for upcoming news on Wallet and De-fi.

We will be back with more details regarding the news.

Trust-Driven

MVL


# \[MVL 2.0 Concept Paper] 4. Driver Game & Roadmap

**Driver Game & Roadmap**

<figure><img src="https://cdn.imweb.me/upload/S20210416bccc442510498/990fd83428e10.jpg" alt=""><figcaption></figcaption></figure>

In any country, if we ask passengers ‘what do you want when taking a taxi?' Almost everyone answers the same thing: not being denied for moving to short-distance, high-quality service, going in the direction that I want, etc. Although taxi drivers are already aware of the needs of the passengers, it cannot be easily achieved. Why would this happen?

The answer is simple. If the drivers do not refuse the ride or provide better service to the passengers, they receive the ‘same wage' compared to the drivers who don't. The riding fees for taxis and delivery fees are determined by the country, so providing high quality services is not related to profit. Thus, being nice does not benefit much. There is no ‘added value' to the quality of service, but only profits are proportional to working hours.

Many global ride-hailing platforms such as Uber and Grab have been launched but nothing has changed. Customers can easily call taxis and drivers spend less time wandering around, but the essence of "no added value to labor" remains the same. In fact, this is not a simple transportation issue, but a problem for most platforms.

This problem is difficult to solve even by utilizing the drivers' driving Big Data. The MVL team has 130,000 drivers' driving Big Data, has a low frequency of transactions, and has difficulty measuring fair prices. In addition, it is difficult to give "significant compensation" to thousands of drivers just by selling and utilizing Big Data.

So, are there any ways to give added value to the work of drivers and even platform workers? If the traditional method is difficult to solve, let's try creating a new version that will take advantage of the driver's data. So the MVL team is trying to solve the problem by creating a new digital space called "game."

**"Driver Game": both MVLer and drivers can enjoy**

When you actually operate a taxi service or delivery service, the movement of the drivers expressed on the map is similar to that of a soccer game. Isn't it similar to drivers who move along the purpose of the call and soccer players who move along the purpose of the goal? Based on this, why not run a team of your own drivers? Just like the game ‘Football Manager'.

Let's give you a quick example. In fact, "my data" of actual drivers is similar to the ability values of soccer games. My data can be the ability to catch a call, customer satisfaction, speed, and more. Here, If we combine the platform attendance rate, which corresponds to how often you go to work on the TADA platform, and the number of trips a day, we can make a ‘call battle' game that satisfies both drivers and the MVL team.

Gamers form a team of 10 drivers and battle with other gamers for certain points. Selection and candidate drivers will be decided by the platform attendance rate, and the drivers of each team will play on the ground. The drivers will grab the call according to the ability to catch the call, give passengers a ride at a constant speed, and them certain tips if they provide a nice service. Also, after a certain period of time, the overall ability may decline due to the number of trips, so candidate players can be used. There will be times when drivers refuse short-distance calls.

If some of the revenue earned in a single match can be distributed to our team's players in the real world, this will be an opportunity for many drivers in the real world to flow into the TADA platform. If the digital world and the real world are connected, Play to Earn and Drive to Earn can be combined, the gamers, drivers, and the MVL team can win-win.

In particular, from the driver's point of view, it is very important that one good service in the real world can lead to hundreds of services in the digital world, and that is, added value to real labor. If a single sincere and nice service can give the opportunity to become rich, it could be the biggest hope for drivers. Moreover, more drivers can flow into the MVL ecosystem. Passengers will also welcome a nice service for short distances without refusing and safe driving service.

This is one of the reasons that the MVL team has been recording driver Passport data into the Hybrid Blockchain.

![](https://cdn.imweb.me/upload/S20210416bccc442510498/0bac41753fdb4.jpg)

The forms of the game will start as "Football Manager" and can be expanded into mini games for frequent transactions. In the future, it could be linked with NFT for racing games such as "Cart Rider" or racing battles such as "Mad Max", and even connected with metaverse. The MVL team plans to expand the digital worldview and is already prototyping and testing many games. However, no matter what type of game it is linked to, the concept of ‘definite compensation' by linking data with ‘certain contribution' in the real world will remain the same.

Ultimately, the service data of real-world workers will create new added value in the metaverse world, and we will fulfill this under the slogan of “Solve Real World Problems via Digital World." We can actually proceed with the business because of the MVLers who have been waiting for a long time. "Metaverse based on actual business" and "expansion of actual business utilizing metaverse" are areas that only our MVL team can try.

<figure><img src="https://cdn.imweb.me/upload/S20210416bccc442510498/98d5e6fed529f.png" alt=""><figcaption></figcaption></figure>

△concept of combining driver data and vehicle NFT.

Defi, NFT, and Game, which we mentioned earlier, are all being developed to connect with MVL's social wallet. In addition, this Wallet is not only a service for crypto users but also a space where users of various personalities, such as users from games and users from the NFT, can gather. Therefore, future plans will begin with the wallet, and we will continue to introduce the progress along with the Wallet update.

**Action Plan**

![](https://cdn.imweb.me/upload/S20210416bccc442510498/58d787f7e3c93.png)

The Action Plan of 4 themes will also be introduced here.

The MVL team is already making significant developments in line with the above plans and is trying to meet the plans as much as possible. We want to introduce our products to the community faster than anyone else, but we want you to know that we value direction and quality more than speed.

We would like to express our deep gratitude to all the communities who believed in the MVL team that operates services not available in different countries and even in the process of MVL 1.0, which has been laying the foundation for real business in Southeast Asia. In fact, MVL 1.0 takes a longer time than other projects due to the nature of mobility services, which are the core of real-life businesses, and nothing can be done without a service platform or vehicle that directly applies to blockchain services.

In the future, we will do our best to help bring the service closer and reward ecosystem participants appropriately for MVL 2.0, which deals with the digital world.

We will be back with MVL 3.0 after completing MVL 2.0. The MVL 3.0 will include rapid expansion to various countries, real-life payment, metaverse service planning, and the mainnet.

<br>

<figure><img src="https://cdn.imweb.me/upload/S20210416bccc442510498/286cc896e926a.png" alt=""><figcaption></figcaption></figure>

The Concept Paper will be uploaded to the ‘White Paper' section on the MVL official website, so please check for details.

Thank you.

Trust-driven,

MVL


# \[MVL 2.0 Concept Paper] 3. NFTs Including Vehicle’s Life Story

**NFTs Including Vehicle’s Life Story**

![](https://cdn.imweb.me/upload/S20210416bccc442510498/d9f9610a1767f.jpg)

Automobiles are depreciable assets, not value storage means such as real estate.&#x20;

Along with this, most automobile-related financial products have been developed in the direction of supplementing consideration of the depreciation of automobiles. Moreover, everyone accepts this as common wisdom.

However, many questions remain and one of them is: “Is it impossible for customers who purchase our vehicles to preserve the values as much as possible and perhaps have a higher value in the future?” As an answer to this, we thought that there is a way to minimize depreciation in the process of manufacturing and selling E-Tuktuk and this will be solved with a combination of **connected vehicles and vehicle data, a graphics-based NFT, and a metaverse world.**

**1. Connected vehicle & data**

ONiON, MVL’s electric three-wheeler (TukTuk), is a Connected vehicle in which all vehicle data is recorded and managed.

Each ONiON vehicle generates driving data in real-time while driving. Based on the real ONiON vehicle, the depreciation occurs throughout driving, but in the digital world, a new asset called driving data is generated. From the perspective of the vehicle's life cycle, even if the actual vehicle is scrapped at the end of its life, every data that the vehicle experienced, such as mileage, environment, accidents, flooding, etc., will remain forever as unique data.

Data recording has already started with drivers from TADA, MVL’s ride-hailing platform, and more advanced data will be recorded on the blockchain for ONiON vehicles as well.

[👉 Onchain Activity on Hybrid Blockchain](https://mvlchain.page.link/GLb3)

**2. NFT & Metaverse**

The fact that there has been increasing interest in NFTs (Non-Fungible-Tokens), which prove ownership and operating rights for various digital assets, is an issue and the media is also paying a lot of attention to it. In particular, it is very actively applied in works of art with a special history, such as CryptoPunk, where digital art is traded at a high price. Although the exact reason for the digital asset trend is unknown, many experts explain that the self-esteem of holding an NFT and the sense of belonging in the community will be the causes of creating this trend.

Also, as metaverse emerges, some projects are preparing to make their NFT compatible and utilizable in specific games and metaverse worlds. In particular, the game field is actively progressing to make certain items and goods compatible with other games.

Then, what if the MVL's ONiON is combined with NFT and metaverse?

If a vehicle, which cannot be a means of storing value, combines with NFT, a means of storing value, we can find the possibility of transforming depreciable vehicles into an asset that increases their value.

<figure><img src="https://cdn.imweb.me/upload/S20210416bccc442510498/316fe69356052.png" alt=""><figcaption></figcaption></figure>

Let's take a closer look at this content.

The depreciation process of a real vehicle, which is the unique life cycle of driving, maintenance, accidents, etc., is recorded in the data storage connected to the NFT. The NFTs prove the data ownership and utilization rights of real vehicles, and the life cycle data of real vehicles provide items that can be utilized in NFTs and linked services to maximize the value of NFT.

As mentioned above, ONiON is a Connected vehicle that can manage all information of the vehicle from MVL: generation-> sales-> driving-> charging-> maintenance-> scrappage. MVL collects driving and maintenance data generated by ONiON and utilizes it to increase the scarcity of NFT. In addition, we will provide NFT owners with items that can be used in linked services. In other words, it is a concept that the vehicle's driving data mines the items to use for NFT.

While the price of the actual vehicle declines over time, the price of the vehicle-related NFT may continue to rise. This makes the possibility that the price of the vehicle someone bought will remain the same over time or increase further. It can lead to explosive vehicle sales and expand the MVL ecosystem.

Then, what kind of data structure does MVL NFT have?

The MVL team will manage data related to vehicle NFTs into 4 main structures.

![](https://cdn.imweb.me/upload/S20210416bccc442510498/2a24ca4e6f8cd.jpg)

△ The NFT Data Structure&#x20;

&#x20;**1. Design**

Manages design data related to NFT visuals. It is divided into the design aspects and background design elements of the product itself, such as the body, headlights, and wheels of ONiON T1. Since each Part of ONiON T1 consists of different colors and designs, which will help to create various combinations and designs, such as police cars, fire trucks, or even neon signed TukTuk.

**2. Real Data**

Manages data from the actual vehicle. At this time, the data consists of basic data such as VIN (Vehicle Identification Number) and the data that the MVL team can manage directly with Connected vehicle technology, including mileage, driving data, maintenance in case of an accident, and event data from the insurance company. This is the only data from the real vehicle and provides unique value to each MVL NFT.

&#x20;**3. Item Data**

Manages ‘item data' linked to MVL Digital Eco, which will be expanded in the future. Item data is produced with new digital products and goods by combining various records generated by actual vehicle data with the design. For example, if a driver is arranged to one's actual vehicle, the NFT owner will receive a digital driver, and for the vehicle collision, an item such as a bumper will be produced. Also, special goods can be provided for an accident-free vehicle with a mileage of 10,000 km or more. Likewise, NFT owners will continue to receive these items and will be able to use or trade them in MVL Digital Eco.

&#x20;**4. Linked Services**&#x20;

Builds data to enable NFT holders to actually use NFTs in any service. For example, if a person who owns an MVL NFT accesses games or metaverse, the value of NFT will increase when this NFT can actually be used as an item. It would be even better if we could use the items produced by NFTs. Therefore, we are building our own services such as racing and card games, and at the same time preparing various collaborations with multiple games and metaverse companies. In the long term, we will continue to make efforts to increase the benefits of MVL NFT holders.

***

So far, we have described the MVL team's approach to the possibility of using vehicle data as a digital asset. Approximately 5,000 units of ONiONs, which will be sold by next year, will be converted to NFTs, which will create more diverse and unique new values as real vehicle drives. In addition, the NFT collaboration is being discussed with various vehicle manufacturers and used car manufacturers, so please continue to watch the progress of the MVL team.

In the next episode, we will take a closer look at how the data generated by the Ride hailing and Delivery services, which play a major role in the MVL team's business, will combine with the blockchain. In particular, it includes a core concept of how to utilize the data of more than 130,000 MVL drivers through "Game" and how MVL blockchain services can change the global mobility market based on this.

Please stay tuned for the last episode!

Trust-Driven

MVL


# \[MVL 2.0 Concept Paper] 2. DeFi : Support Nation's Environmental Policies

Last week (Nov 12), the theme of the MVL 2.0 Concept Paper was unveiled for the first time. The first concept was “MVLer and Wallet.” Through this concept, MVL introduced the missions and solutions to be carried out.

[👉 MVL 2.0 “ Wallet : Allow MVLers to Engage More in MVL Ecosystem”  ](https://mvlchain.page.link/7wmR)

Through this blog, MVL expressed the ambition to establish an appropriate compensation system for "mobility users" who use MVL's mobility platform and "MVL holders" who hold MVL tokens.

And now, we would like to introduce the second theme of the Concept Paper, “Defi and Supporting Environmental Policies.”&#x20;

**DeFi : Support Nation's Environmental Policies**

![](https://cdn.imweb.me/upload/S20210416bccc442510498/7e70d81cd7cc9.jpg)

*“How does DeFi connect to eco-friendly policies?”*

*“How does DeFi relate to additional compensation policies for holders?”*

Perhaps some of you had these questions as soon as you saw the theme of "DeFi : Support Nation's Environmental Policies.” Before we give you an answer, we would like to go through the definition of DeFi.

DeFi (Decentralized Finance) is a decentralized financial system, which is a blockchain protocol that can provide financial services such as deposits, loans, and currency exchange without a centralized institution. Still, most DeFi services are only used as speculation in the crypto market, but if their value can be linked to the real economy, they will have explosive power.

For example, the value of DeFi becomes even greater if the huge amount of money concentrated on DeFi is provided to real-world projects and the value is redistributed to DeFi participants. Let's take a closer look at the example in this part, citing the case of MVL and TADA.

MVL currently operates ‘TADA,' a ‘blockchain mobility service' that mainly operates in Southeast Asia such as Singapore, Cambodia, and Vietnam. The TADA services include ride-hailing, delivery, and logistics. Since the MVL ecosystem is centered in Southeast Asia, the service environment and infrastructure in Southeast Asia are very important factors that can directly affect both MVL's overall mobility business and ecosystem development.

These mobility infrastructures are closely linked to the livelihoods of TADA drivers, the largest partner in the MVL ecosystem. Producing ONiON T1, Cambodia's first electric three-wheeler is to help TADA drivers provide excellent services in a better working environment, as well as to provide them with a better profit model. Operating T1 is more eco-friendly and can provide a happier experience for both passengers and drivers than operating old three-wheelers\* full of smoke.

\*The main transportation and delivery systems in Southeast Asia are tuk-tuks and motorcycles. However, most tuk-tuks and motorcycles are made by importing old used motorcycles from overseas and remodeling them. One of the problems with such modified vehicles is that they produce a lot of smoke.

![](https://cdn.imweb.me/upload/S20210416bccc442510498/f1753f07142bc.png)

△ The road full of four-wheelers, three-wheelers, and two-wheelers in Cambodia

However, a fatal problem arises since most people cannot pay all in cash when they purchase cars. Most people usually take loans, such as credit cards or auto loans, when purchasing vehicles. Cambodia, MVL’s main business stage, has not yet advanced its personal credit evaluation standards like South Korea, so drivers' loan interest is quite high.

For example, if a local driver purchases a vehicle, the loan interest from the bank is issued at about 15% (the real interest rate is 30% if additional admin fees are included), which makes it more difficult to purchase a vehicle or raise living funds through loans than in South Korea.

This is why DeFi can play a big role in MVL projects for successful EV sales and local retention. With DeFi, EVs can be distributed more effectively and quickly with better conditions than local banks, and the MVL ecosystem will expand rapidly and widely.

**DeFi: Financial products for all participants in the ecosystem**

MVL DeFi is based on a ‘Landing Pool' where deposits and loans occur the same as a bank. Here, MVL is planning a model that allows some of the interest accrued on deposits & loans to be accumulated in the ‘Project Financing Pool,' and the funds accumulated in the Project Financing Pool are to be loaned by Governance so they can be used in the real economy.

In other words, DeFi users can use cryptocurrency deposits & loans services and supply funds to the real economy through the Project Financing Pool.

The first case (Use-Case) of DeFi project financing is scheduled for the sale of Cambodian EVs. If we proceed with large-scale projects such as road and power plant construction from the beginning, it will be difficult to get Governance approval, so we decided that the EV loan was appropriate for the first case.

And let's find out the main schemes of how the MVL DeFi project financing takes place.

![](https://cdn.imweb.me/upload/S20210416bccc442510498/dbc408cc4a711.jpg)

1\. For the rapid spread of ‘EV' in the MVL ecosystem, Cambodian drivers must be able to purchase it easily. However, if Cambodian drivers make loans from the bank and purchase EVs, the average interest will be around 15%. (the real interest rate will be 30% if additional fees are included)

2\. For DeFi users in developed countries with a loan rate of 3%, it can be an attractive investment condition even if only 10% of profits return stably.

3\. MVL Cambodia's TADA team proposes a project called "EV purchase and rental" to MVL DeFi Governance, and after the Governance is approved, the MVL TADA team will lend funds to the Project Financing Pool. Then, use these funds to proceed with the "EV purchase and rental" project.

4\. Cambodia's TADA team accumulates the remaining profits in the project pool, except for some of the profits from the project implementation. This will be delivered to the Governance Token, or the MVLers holding the MVL Token.

5\. This virtuous cycle loan system further promotes T1 sales and creates synergy with transportation infrastructure such as ONiON stations, which can rapidly build eco-friendly transportation infrastructure in Southeast Asia.

***

If MVL DeFi is established in this way, EV sales in Cambodia will be the first case (Use-Case) to link the real economy and the cryptocurrency economy, and it will be able to support the businesses of various partners, including the businesses in the MVL ecosystem.

In particular, many investors in developed countries want to invest in high-interest products in Southeast Asia, but it is a fact that it is difficult to proceed with investments due to risks such as creating and managing local accounts and distrust of local companies. The MVL team minimizes risks through blockchain-based decentralized financial service planning where real assets are secured as described above. At the same time, the MVL team built the model to be the basis for driving eco-friendly policies in Southeast Asia and built an eco-friendly mobility infrastructure with the De-Fi system in Cambodia.

<figure><img src="https://cdn.imweb.me/upload/S20210416bccc442510498/e9b87f87cf0a5.png" alt=""><figcaption></figcaption></figure>

The MVL DeFi project creates a connection between excellent companies and DeFi Governance, which initially carries out small projects such as EV Loans, gives them confidence in Governance, and gradually creates a structure to proceed with larger projects.

First, the **PF (Project Financing) pool, a channel to fund real-world projects, is composed of collecting fees rather than using the deposits of DeFi investors.** In other words, the MVL team will entrust the portion allocated to the team's sales, such as DeFi operation and maintenance fees, to the Governance to connect and support the real business and obtain the same profit as Governance. In the long term, as DeFi-based real business PF is activated and the need for expanding the PF pool increases, we will decide whether to expand the PF pool under the agreement of Governance.

In addition, the general PF business structure has a 1: 1 project-funding structure, so if one project fails, investors will receive damage. However, MVL's DeFi is a PF pool-used many-to-many structure that minimizes the risk of project failure.

Also, by configuring the interest pool separately, the disadvantages of the real business PF, which takes 1\~10 years to generate actual profits, have been improved. This means, it is a structure that constitutes an interest pool in which the profits of various projects such as short-term, mid-term, and long-term are collected in one place, and the Governance holders receive profits at the time they desire.

In other words, the deposit and loan fees of unspecified DeFi users will be partially in the project Pool, and the profits of the project utilizing the funds collected here will be into a separate interest pool. The profit will be shared by the DeFi Governance token or Staking format by the existing MVL Token Holder. Therefore, a strategy to hold Governance tokens will also be available to earn high interest in long-term projects.

The MVL's DeFi project is currently undergoing internal testing, and the details will be available early next year.

Please look forward to the official launch of the DeFi service, which can make a significant contribution to the MVL ecosystem and earn high-interest rates. The MVL team will put best efforts to launch a successful DeFi project.

***

In addition, there is one more ONiON business strategy of the MVL team besides the DeFi policy mentioned above. It is ONiON sales promotion by ‘NFT.’

The MVL team plans to promote EV sales and build eco-friendly infrastructure through NFT.

The detailed ONiON business strategy will be released in the “NFT” section of the next Concept Paper, so stay tuned!

We will be back with the next episode.

Thank you.

Trust Driven,

MVL


# \[MVL 2.0 Concept Paper] 1. Wallet : Allow MVLers to Engage More in MVL Ecosystem

In the first half of 2021, the basic concept of MVL 2.0 was unveiled through an online conference.

👉 [MVL 2.0 Online Conference](https://mvlchain.page.link/h6tu)&#x20;

MLV 2.0 is the beginning stage for breaking down the limits of the traditional mobility industry. It is an evolution for the existing MVL 1.0 which has built a real-world business foundation for the mobility ecosystem and aims to more closely connect the real business that has been developed so far with the blockchain.

And now, we would like to reveal the detailed concept from the MVL 2.0 Concept Paper.

<img src="https://cdn.imweb.me/upload/S20210416bccc442510498/448ba4242cf5d.png" alt="" height="401" width="569">

With the slogan of “Solve Real World Problems via Digital World,”  the MVL 2.0 Concept Paper includes MVL's missions and blockchain utilized solutions for MVL to solve in the mobility industry through four concepts: Wallet, De-Fi, NFT, and Game.

Among these four concepts, the first concept to introduce is "MVLer and Wallet.”

&#x20;**Wallet : Allow MVLers to Engage More in MVL Ecosystem**

![](https://cdn.imweb.me/upload/S20210416bccc442510498/d3ea72ef7667b.jpg)

Since introducing the MVL project to the world, the MVL team had fundamental concerns about maintaining the MVL ecosystem, which directly affects the success of the project. One of the main concerns was “an effective reward system for participants who voluntarily help to maintain the ecosystem.”

MVL ecosystem participants consist of "mobility users" who are using the MVL mobility service and "MVLer" who hold MVL tokens. In the previous MVL 1.0, the MVL incentive system for ‘mobility users’ was introduced to make a strong distinction from other ride-hailing competitors. In fact, the number of mobility users rewarded through the MVL intensive system is 20,000, and the amount of MVL provided through MVL incentive is about 30,000,000 MVL.

![](https://cdn.imweb.me/upload/S20210416bccc442510498/701235d8f7b84.jpg) ![](https://cdn.imweb.me/upload/S20210416bccc442510498/3d9bc471828dc.jpg)

In MVL 2.0, we aim to offer ‘MVLer’ a solid compensation system, same as the incentives received by mobility users and provide fair compensation to both MVLer and the mobility users participating in the ecosystem.

**The Influx of MVLer and More Rewards**

The first step to giving ‘MVLer' a solid compensation system is to help them use ‘MVL Wallet' outside of the exchanges. It is important to receive various participation rewards more easily and more quickly without going through the exchanges.

However, our team was concerned if problems such as the loss of Private Keys could cause somewhat significant damage to the entire business service. In addition, most Southeast Asian drivers are unfamiliar with blockchain services, so it is not easy for them to accept the concept of the possibility of losing entire assets by a single loss of Private Key. Therefore, if this part is not resolved, the expansion of blockchain services, the participation of holders, or compensation will not progress smoothly.

In response, the MVL team has begun to establish a compensation system for MVLers by creating a separate wallet that anyone can easily access and has less risk of losing private keys than the existing wallets.

<div><img src="https://cdn.imweb.me/upload/S20210416bccc442510498/060708dee2c0c.jpeg" alt="" height="478" width="220"> <img src="https://cdn.imweb.me/upload/S20210416bccc442510498/a283d65be1482.jpeg" alt="" height="522" width="224"></div>

△ portion of Wallet App&#x20;

The basic principles of Wallet can be summarized as follows.

* Anyone can easily sign up through social logins, such as Google.
* Private Key is distributed and stored in three places: individual, MVL team, and wallet solution team. If an individual loses the Private Key, he or she can restore it with support from two other places.

![](https://cdn.imweb.me/upload/S20210416bccc442510498/a571451e8ee1a.png)

The wallet can be linked with various blockchain services such as MetaMask and planned to expand the service to allow direct access to MVL's owned services, affiliated services, and the various metaverse. In addition, NFTs related to drivers and vehicle data mentioned in the past will also be stored in the relevant wallet.

👉 [MVL 2.0 NFT post](https://mvlchain.page.link/GLb3)

Then, what can MVLers do with their Wallet? Other than deposit/withdrawal, the basic function of the wallet.

MVLers will be able to access various MVL services through the ‘Wallet’. You can receive various Airdrops (including MVL tokens as well as other tokens’ Airdrops available for MVL services), and you can also participate in various events for MVL long-term holders, including De-Fi and Staking, with this Wallet.

In this way, the MVL Wallet will offer various options, except for trading, that can be done with MVL, and help MVLers play various roles as participants in the ecosystem. Further details will be released at the end of November 2021 with the official launch of the Wallet.

The Wallet's open specs only include deposit/withdrawal functions. However, the specs containing the functions for 'compensation' mentioned above, are updated sequentially in the wallet.

The update will not take a long time, so please wait patiently.

In the future, the MVL wallet will be the center of the MVL ecosystem to provide various services. The MVL team will put the biggest efforts for MVLers to easily participate in various services and enjoy the value increase within the ecosystem.&#x20;

Enjoy the MVL 2.0 reward system for MVLers with MVL Wallet!

***

“De-Fi,” which is connected to one of the compensation functions available in the Wallet, will be released within the next week through the second MVL 2.0 Concept Paper.

Please stay tuned for more.

Trust-driven,

MVL


# \[MVL 2.0] Launch of Hybrid Blockchain

![](https://cdn.imweb.me/upload/S20210416bccc442510498/8cbd56306b3f5.jpg)

> **Launch of Hybrid Blockchain**

As previously mentioned at the MVL 2.0 Conference, today we would like to inform you of MVL's new blockchain business structure.

MVL has envisioned a new blockchain business aiming for the “independence of Ethereum network” due to the high gas cost, slow transaction time, and others.

In this process, we decided that operating only Public Blockchain as existed ways has the following limitations:

* If data is only registered in the Public blockchain, all the data can be viewed easily, which eventually is difficult to implement effective data business with the Public blockchain alone.

&#x20;         → This is also the reason why MVL Foundation currently operates Github as an undisclosed Private repo.

Therefore, the newly envisioned blockchain business will be changed as:

* Hybrid blockchain: Public blockchain is only used to prove the integrity and updated history of related data, and record only practically sales-worth data at Permissioned blockchain.

&#x20;         → At the same time, we will open some Github and provide Evaluation Bot from overseas evaluation websites to give elements to prove the security of MVL's developing environment.

By including these changes, the integration with Tezos network has been completed, and after thorough testings, MVL Hybrid blockchain, which connects Tezos Public blockchain and MVL Permissioned blockchain, will be launched.&#x20;

Through MVL 2.0 Hybrid blockchain, we will accumulate Data Validation in the actual MVL ecosystem and will continue to develop a more advanced blockchain network with accumulated know-how.

***

**New Structure**

There are two key points of the new MVL 2.0 blockchain structure.

1\) Issue of NFT(Non Fungible Token)&#x20;

2\) Build a foundation for establishing exquisite incentive policy(calculate compensation amount and determine compensation recipients)

The details are provided below.

**1. Register driver’s information and trip information with issued NFT on Permissioned Blockchain and Permissionless Blockchain**

* In Hybrid Blockchain, two types of information are registered and stored.&#x20;

&#x20;       1\) Information on TADA SG RH Driver 2) Completed trip information by TADA SG RH&#x20;

* This information is stored in NFT format into Hyperledger Fabric, the Permissioned blockchain, and Tezos and IPFS, the Public blockchain.

&#x20;        The detailed reasons for selecting NFT, Tezos, and IPFS are given below.

* NFT
  * NFT stands for Non fungible Token, which means ‘the only token in the world’.
  * Since the information of each driver and each trip are unique, we have decided that it is most appropriate to store this information in NFT format.
  * Driver’s information will be stored as “Driver Passport\*” and information on the trip will be stored as “Trip Certificate\*” in NFT.
* Tezos
  * Tezos is a project which provides DApp-developing platform and smart contract with On-chain governance technology.
  * Tezos had a partnership with MVL to implement an effective data business.
  * Transaction fee occurs much lower than Ethereum.
* IPFS
  * IPFS is a distributed system for storing and accessing files, websites, applications, and data.
  * IPFS can be used to reduce the existing Tezos transaction Fee.
  * Rather than uploading all the data to the blockchain network, upload the actual data into IPFS and upload the Hash value of the data into the blockchain to maximize the efficiency of data management.

\* The Update Policy on Driver Passport NFT and Trip Certificate NFT is written below.

\* The whole implementation of the Update Policy will be completed in the near future.

\[Driver Passport NFT]

* Process and criteria of data registration<br>
  * First, Driver Passport is generated in Hyperledger Fabric(HLF).
    * The Data Field of the Driver Passport can only be viewed by MVL and MVL Data Customer who have the authorization to view Hyperledger blockchain.
  * Generate Driver Passport NFT of the same Driver in IPFS based on the Driver Passport information registered in HLF.
    * The NFT generated in IPFS will only show Data Fields that are allowed to be seen by anyone.
  * Generate Driver Passport NFT of Driver on Tezos with Hash saved in IPFS.
* HLF, IPFS, Tezos are all connected.
* Data updates reflect the status of TADA, but also, effectively limit the cost of transactions on the Public blockchain.<br>
  * HLF data updates occur every time events occur in TADA
  * Data update on IPFS and Tezos occur once a week

\[Trip Certificate NFT]

* Process and criteria of data registration
  * Trip Certificate NFT is generated on Hyperledger Fabric each time a trip is completed in TADA. Then, the Trip Certificate NFT is mapped with the Driver Passport of the Diver who completed the trip.
  * Hash is generated by collecting information on all trips occurred within a day, and Trip Certificate NFT of that Hash is generated in Tezos blockchain.
* Due to the purpose of business, the real-time Trip data cannot be published, therefore, only register one in Tezos blockchain every day.
* We do not open up the number of Trips to the public, but we publish the fact that all the Trip information is stored in the blockchain every day and ensure the reliability of the MVL project.

**2. Establish exquisite incentive policy**&#x20;

By utilizing NFT, we will reorganize previously operating MVL point and MVL incentive policy&#x20;

into a more exquisite structure.

* Operate Reward Engine to calculate the amount of compensation and the recipients on Hyperledger Fabric.

***

**Conclusion**

1\. In MVL 2.0, as mentioned above, we will increase the practical use and efficiency of blockchain-based data business by utilizing Permissioned blockchain, Public blockchain, and NFT.

2\. We will change the policy as ‘partially’ open Github to the public, so the public can check the current development status of the MVL team, and further correspond to the overseas project evaluation logic.

3\. MVL 2.0 update will be linked with Crypto Wallet and will become the foundation of various Crypto businesses.

We will come back with the next update.<br>

Trust-driven,\
MVL


# MVL Blockchain 2.0 Development Strategy

> **MVL Blockchain 2.0 Development Strategy**

Hello, this is MVL team.   &#x20;

Since many of you are wondering about MVL’s Blockchain development, today we would like to share more details of it.

***

<figure><img src="https://cdn.imweb.me/upload/S20210416bccc442510498/98438f75a1a4a.png" alt=""><figcaption></figcaption></figure>

At the end of March, we have been discussed on MVL’s future direction with 15,000 viewers at MVL Blockchain2.0 Conference.

([Re-watch MVL Blockchain 2.0 Conference on Youtube](https://www.youtube.com/watch?v=VoRMnz3zA0M))

Previous MVL was an ERC-20 based ecosystem which acquired a large transaction cost of Ethereum to store vast amounts of data which comes from mobility services.

Decrease in “efficiency” due to high cost was a serious problem that MVL Foundation had to consider, and as a result “independence of Ethereum network” mentioned at the conference has already started.

To give a few examples, MVL Foundation is currently testing hyper ledger fabric based permissioned blockchain for effective mobility data business.

The unique information of each driver will be stored using the NFT solution, and the driver's driving information and related other information such as completed trips will be managed separately from the driver's account. This will eventually solve high fees of Ethereum and low performance issues.

In addition, we are also testing bridge solutions to connect other blockchain and the permissioned blockchain, which mentioned above, in order to maintain the inflexibility of data continuously through public blockchain.

Due to the nature of the data business, it is hardly possible to register "all generated data without any exception" within MVL’s ecosystem; however, we will provide the encoded data to any customers who want to verify the inflexibility of data through comparison for the use of these data.

Once the tests mentioned above are completed successfully, the contents will be applied directly to the actual MVL blockchain system, and it is likely that the details can be given to the community at that time.

At this moment, it is rather difficult to speak out the detailed information. The details will be discussed once the expansions are completely applied to MVL ecosystem.

We will come back once the tests are complete.

Thank you.

Best,

MVL


# A Guide to Tokenizing Robotaxis

<figure><img src="/files/YM0MkDA1lGKM725SQ4BL" alt=""><figcaption></figcaption></figure>

Tokenization allows people to invest in physical assets through digital ownership. One of the most compelling use cases is robotaxis—autonomous vehicles that earn revenue by transporting passengers.

This guide explains how robotaxi tokenization works, why it’s useful, and how platforms like Musubi and TADA are making it possible. We’ll also cover related terms like fractional ownership, real-world assets (RWA), and decentralized governance in simple language.

***

### What Is Tokenization?

Tokenization is the process of turning a physical asset into a digital token on a blockchain. This token acts as proof of ownership.

For example, when a robotaxi is tokenized, investors can own small portions of it through blockchain-based tokens. These tokens are recorded and managed by smart contracts—automated programs that handle payments, ownership transfers, and rules without relying on intermediaries.

This approach improves transparency, reduces friction, and opens access to assets that were once only available to large institutions.

***

### Why Tokenize Robotaxis?

Most tokenized assets today, like artwork or collectibles, rely on market perception. Their value can rise, but they don’t usually generate regular income.

Robotaxis are different. They can earn revenue every day by providing autonomous ride services. With no need for a driver, robotaxis reduce labor costs and maximize returns. Investors benefit from this operational income, not just asset appreciation.

Public interest in autonomous rides is growing. Riders are showing strong demand and even a willingness to pay more for self-driving trips. This creates a clear path for sustained revenue.

Robotaxi tokenization also supports shared ownership models. Instead of fleets being owned by corporations, they can be held by a global community of individual investors. These investors may earn a share of the income and participate in governance decisions that affect the network.

***

### How Fractional Ownership Works

Fractional ownership means an asset is divided into small, verifiable shares on a blockchain. Each share is represented by a token.

In the case of robotaxis, owning a token means you hold a portion of a real vehicle that generates income. This is similar to holding company stock, but your returns are based on how many rides the vehicle completes—not stock market speculation.

Traditional fleet ownership is limited to large companies. Blockchain-based fractional ownership lowers the barrier to entry. People can start with smaller investments, often as low as $100 or $1,000, depending on the platform.

This model creates new opportunities for individuals to access transportation-based income that was previously out of reach.

***

### Opening Investment to More People

Tokenized robotaxi models make it easier for individuals to participate in the growth of autonomous mobility.

Instead of depending on venture capital or large corporations, robotaxi projects can attract funding from everyday investors. These investors support the network and receive income as the robotaxis operate.

The approach helps companies raise funds faster and gives communities a chance to earn passive income. It also creates stronger public engagement around robotaxi deployment and network expansion.

***

### Understanding Governance in Robotaxi Networks

Token holders may be given the ability to participate in governance decisions. This means they can vote on key aspects of how the robotaxi system is managed.

For example, decisions around ride pricing, operator rewards, or network upgrades can be proposed and voted on by the community. Each token counts as a vote.

This type of decentralized governance increases transparency and accountability. It also turns investors into active contributors to the platform’s success.

***

### What Infrastructure Is Needed?

Tokenizing a robotaxi involves more than creating a digital token. It requires coordination between several key players:

#### Tokenization Platforms

These platforms handle the creation and management of digital tokens. They ensure that tokens reflect real asset ownership and are legally compliant. They also connect vehicle data to blockchain records.

#### Ride-Hailing Operators

Operators manage customer rides, maintain the fleet, and handle logistics. They serve as the interface between autonomous vehicles and everyday users.

#### Autonomous Vehicle Manufacturers

These companies design and produce the self-driving vehicles. Their work includes software, sensors, and safety systems required for reliable service.

Each part of the system must function together to deliver returns to token holders.

***

### Real-World Example: Musubi and TADA

MVL Foundation has developed two platforms, Musubi and TADA, that demonstrate how robotaxi tokenization can work in practice.

#### Musubi: Tokenization Platform

Musubi is a blockchain platform that transforms vehicles into digital assets. It creates tokens and NFTs that represent ownership rights. These tokens are secure, traceable, and can be divided for fractional investment.

Musubi connects manufacturers, operators, and investors under one system, enabling simple and transparent asset ownership.

#### TADA: Ride-hailing Service Operator

TADA is a ride-hailing platform built with a zero-commission model. For robotaxis, this means more revenue goes to operators and investors instead of intermediaries.

TADA manages customer services, ride dispatch, and vehicle operations. This makes it easier for manufacturers to focus on building vehicles while TADA handles the operational layer.

#### Vehicle Supply Through Strategic Partnerships

While MVL currently manufactures electric vehicles, robotaxi fleets will require partnerships with companies that specialize in autonomous systems.

These partners will supply the vehicles. Musubi will tokenize them, and TADA will manage daily ride services.

***

### Looking Ahead

Robotaxi tokenization turns advanced transportation into an accessible investment. It connects physical assets, blockchain infrastructure, and decentralized ownership in a unified system.

With platforms like Musubi and TADA, this vision is moving toward reality. The combination of blockchain-based transparency and autonomous vehicle technology offers a new model for earning, investing, and participating in the future of urban mobility.


# DePIN for Mobility: The Future of Ride-Hailing

<figure><img src="/files/lVoCBp0moiQ4OA6Bkgyv" alt=""><figcaption></figcaption></figure>

The term **DePIN**, short for **Decentralized Physical Infrastructure Network**, refers to a new way of creating and operating real-world services and infrastructure using blockchain technology.

Rather than being controlled by a single company, DePIN enables a network to be run collectively by its community. People can contribute resources, share in ownership, and earn rewards. It represents a shift toward a more open, transparent, and participatory model for building essential infrastructure.

This blog explains what DePIN is, how it addresses persistent challenges in the mobility sector—particularly in ride-hailing—and the practical benefits it offers to both drivers and riders.

***

### Summary

* DePIN applies blockchain to real-world infrastructure, such as ride-hailing, in order to make it transparent, open, and community-governed.
* Current ride-hailing platforms face issues including high commissions, limited control for drivers, and opaque data practices.
* By contrast, DePIN can improve earnings for drivers, provide tamper-proof onchain records, and give participants a voice through governance mechanisms.
* Challenges remain, including varying user priorities, the complexity of blockchain tools, and legal requirements for operating transport services.
* Projects like **TADA** already demonstrate how a hybrid model—combining Web2 usability with Web3 transparency—can deliver tangible improvements in fairness and trust.

***

### Understanding DePIN

A **Decentralized Physical Infrastructure Network** is a framework where blockchain enables shared ownership and value distribution among the people who actively operate or maintain a physical service. The key difference from traditional systems is that value and control are not concentrated in a single corporate entity.

To illustrate, imagine a group of friends running a lemonade stand. Instead of one person acting as the boss and taking all the profit, everyone who brings supplies, serves customers, or promotes the stand receives a fair share. Sales are recorded in a ledger that cannot be altered, ensuring that everyone knows exactly what was earned and by whom. DePIN works on a similar principle, replacing the physical ledger with blockchain’s secure, tamper-resistant records.

In conventional business models, infrastructure and data are privately controlled. DePIN changes this by making information transparent and verifiable, enabling contributors to trust the system without relying on closed operations.

DePIN is emerging as one of the fastest-growing areas in Web3, alongside **Real World Assets (RWA)** and **AI**.

A [World Economic Forum report](https://www.weforum.org/publications/technology-convergence-report-2025/) projects that DePIN could reach a market capitalization of **$3.5 trillion by 2030**, with an estimated **375% compound annual growth rate**. This growth potential comes from DePIN’s ability to make infrastructure development and maintenance more efficient and equitable across sectors such as:

* Power grids
* Mobile telecommunications
* AI computing networks
* Decentralized cloud storage
* Mobility services, including ride-hailing

Among these, mobility stands out as a promising use case. Ride-hailing, in particular, suffers from inefficiencies and inequities that DePIN can help resolve.

***

### Problems in Today’s Ride-Hailing Industry

Ride-hailing services like Uber and similar platforms have made urban travel more accessible and convenient. However, the systems behind them often place both drivers and riders at a disadvantage.

#### 1. High Commissions and Rising Fares

Most platforms deduct a commission of 20% to as much as 50% from each fare. This means that a $10 trip may leave a driver with only $7 or less after fees and taxes.

At the same time, passenger fares have risen due to opaque pricing algorithms, surge multipliers, and added service fees. While platforms maximize revenue, the financial benefits for the individuals providing the service have diminished.

A [Business Insider report](https://www.businessinsider.com/how-much-uber-lyft-drivers-make-per-ride-2023-10) found that some drivers earned as little as $9–$12 per hour before accounting for fuel and maintenance, leaving net earnings below minimum wage in many cases.

#### 2. Lack of Bargaining Power and Monopoly Concerns

In markets where a small number of platforms dominate, drivers have limited leverage to negotiate better terms. Strikes and protests seen in regions from Indonesia to the United States, reflect frustration over unilateral policy changes, unfair revenue distribution, and consolidation that reduces competition.

#### 3. Opaque Data Practices

Transparency is scarce in the current model. Drivers lack clarity on how fares are calculated, why certain drivers receive more ride requests, or how performance ratings are determined. Riders are similarly left in the dark regarding fare breakdowns and price comparisons. This opacity erodes trust on both sides.

***

### How DePIN Improves Ride-Hailing

DePIN offers a structural alternative that promotes fairness, transparency, and community-driven control.

#### 1. Increased Earnings for Drivers

By removing centralized intermediaries, DePIN allows drivers to retain most of the fare paid by riders. This results in fairer income distribution and potentially lower passenger fares, since there are no large corporate service fees.

#### 2. Transparent and Immutable Data

Blockchain records are permanent and verifiable. Drivers can see detailed trip histories, earnings, and fare breakdowns. Riders can verify that they are charged fairly. The elimination of hidden algorithms fosters trust and creates a solid foundation for future services, such as onchain work history verification or access to financial products.

#### 3. Community Governance

DePIN platforms can integrate governance systems that allow stakeholders—drivers, riders, and other contributors—to influence policy decisions, vote on changes, and shape platform development. This democratic structure helps align the platform’s evolution with the community’s needs rather than solely with investor interests.

***

### Challenges to Full Decentralization

Despite its advantages, implementing DePIN in mobility services is not without obstacles.

**Different user priorities** mean that while Web3 participants may be enthusiastic about decentralization, most ride-hailing users prioritize reliability, simplicity, and immediate earnings.

**Blockchain’s complexity** remains a barrier for those unfamiliar with crypto wallets, transaction fees, and confirmation processes.

**Regulatory compliance** poses another hurdle, as ride-hailing operations require licensing, insurance, and adherence to safety standards which are responsibilities that decentralized networks must address.

**Customer support** expectations are also a concern; without dedicated teams to handle disputes or urgent issues, user trust can suffer.

These challenges suggest that a hybrid model—blending Web2 usability with Web3’s transparent infrastructure—may be the most practical path forward in the near term.

***

### A Working Example: TADA

[**TADA**](https://tada.global/), part of the **MVL mobility ecosystem**, illustrates how DePIN principles can be integrated into a functional, widely used ride-hailing service.

Launched in 2018, TADA operates on a zero-commission model, allowing drivers to keep most of their earnings after a small platform fee. The app maintains a familiar Web2 interface, ensuring that both riders and drivers experience the service without the added complexity of blockchain tools.

However, key operational data—such as fare allocation, driver income, and mobility patterns—is recorded on the MVL mainnet. This data is publicly accessible via the [MVL DePIN website](https://depin.mvlchain.io/mobility-networks), enhancing transparency and accountability.

By combining a seamless user experience with behind-the-scenes blockchain integration, TADA delivers the benefits of decentralization without sacrificing convenience. Its success in markets across Singapore, Thailand, Vietnam, Cambodia, and Hong Kong demonstrates the viability of this approach. A recent partnership with the Drivers Cooperative Colorado (DCC) brings the same model to the U.S., supporting cooperative rideshare services with MVL’s technology.

Furthermoe, DePIN’s intersection with Real World Asset tokenization represents the next frontier in mobility and finance. Understanding this synergy will be key to unlocking further innovation and global adoption—a topic we will explore in the next blog.


# jMVL(TON) to MVL(Ethereum)

### Step-by-Step Guide: Converting jMVL to MVL on Ethereum

Welcome! This guide will help you easily transfer your jMVL tokens from TON Network to MVL tokens on Ethereum using the official TON Bridge.

#### What You'll Need

* An active wallet on both TON and Ethereum networks
* Your Ethereum wallet address
* Some jMVL tokens to transfer
* A small amount of TON for transaction fees

#### Step 1: Access the TON Bridge

* Visit the official TON Bridge website: <https://bridge.ton.org/>
* This is the official bridge tool introduced by the TON Foundation

#### Step 2: Configure Your Transfer

* Make sure "The Open Network" is selected as your "From" network
* Select "Ethereum Network" as your "Destination" network
* For Asset, choose "Other tokens"
* Enter the jMVL token address: EQD2yazA2wf5AY2joEzGUDGk0cQWxEa2NdiP4Zgf9-eF04tp

<figure><img src="/files/2M9xaFj2ASh3mFnYM3bu" alt=""><figcaption></figcaption></figure>

#### Step 3: Enter Your Details

* Enter the amount of jMVL you want to transfer
* Input your Ethereum wallet address as the destination
* Make sure your Ethereum address is in the correct format: a hex string with 42 characters (including the "0x" prefix)

#### Step 4: Complete the Transfer

* Click the confirmation button to proceed
* Follow the remaining prompts on the bridge interface to complete your transaction

For additional guidance, you can refer to the official TON tutorial: [TON ERC-20 Bridge Tutorial](https://blog.ton.org/ton-erc-20-bridge-tutorial#transfer-from-ton-to)

If you encounter any issues during the process, please reach out through the support menu at the bottom of the TON Bridge page for assistance.


# TADA mini Booking


# TADA mini Booking Guide

{% content-ref url="/pages/vKWzc6J6FHUSPm8zDcgF" %}
[EN) TADA Mini on Base](/user-guide/tada-mini-booking/tada-mini-booking-guide/en-tada-mini-on-base)
{% endcontent-ref %}


# EN) TADA Mini on Base

```
⭐️ TADA mini is now in Denver, USA for ETHDenver 🚕 ✨
```

## **TADA Mini on Base: Your Web3 Ride-Hailing Guide**

Launched in 2024, TADA mini is an experimental and pioneering effort to integrate blockchain technology directly into everyday life. Inspired by the massive success of the original TADA ride-hailing service and MVL blockchain, the project does a collaboration with the Base network to continue this innovation.

By bridging the gap between digital assets and physical transportation, TADA mini serves as a real-world use case for decentralized finance. It allows users to book and pay for rides seamlessly using USDC via Coinbase’s Base Pay, removing the friction of traditional banking and currency exchange.

### **Quick instructions**

#### Step 1: Open the App

* Search: Open the Base app and search for TADA mini.
* Grant Permissions: Tap Start and allow the app to access your GPS location. This is required so the driver can find your pick-up point.
* Login is required using Base Smart Wallet.

#### Step 2: Set Your Route

* Pick-up & Drop-off: Enter your locations by typing, using search, or selecting from Frequently Visited Places.

#### Step 3: Set Your Ride & Contact Info

* Choose Vehicle: Select your preferred car type (e.g., TADA Body, Sedan, or Van).
* Contact Verification: Enter your name and verify your phone number via a code. This is a one-time setup so drivers can call you if they can't find you.

#### Step 4: Payment via Base Pay

* Check Fare: Review the total fare displayed.
* Book TADA: Tap the "Book TADA" button. A Base Pay wallet popup will appear.
* Confirm: Finish the payment in your wallet. The on-chain transaction will process immediately.

#### Step 5: Meet Your Driver

* Tracking: Once matched, you can see the driver’s real-time location on the map.
* Communication: Tap the phone or message icons to chat with your driver.
* Arrival: When you reach your destination, you can leave a tip to show your appreciation.

It's so easy-peasy, isn't? Still doubt? Please check detailed instructions as well.

### Detailed Instructions

{% hint style="success" %}

<p align="center"><strong>Open TADA mini app</strong> : <a href="https://base.app/app/tada-mini.mvlchain.io">https://base.app/app/tada-mini.mvlchain.io</a></p>
{% endhint %}

<figure><img src="/files/sHDe0GHNpHC1MdE6VTY2" alt=""><figcaption></figcaption></figure>

<p align="center">Follow the link below or Search for <strong>TADA mini</strong> on Base app.</p>

<p align="center"></p>

<p align="center"></p>

<p align="center">On your base app, and <strong>Get</strong> &#x26; <strong>Open TADA mini app</strong>, then it will start right away.</p>

<figure><img src="/files/ajgzLocQWqAzcofZgFxt" alt="" width="375"><figcaption></figcaption></figure>

<figure><img src="/files/Y0GFXBG5gGOX9S6DL6GY" alt="" width="353"><figcaption></figcaption></figure>

{% hint style="info" %}
To use TADA mini's full functionality, **GPS location must be enabled and location permissions must be granted to the Base app**.  Currently, iOS supported.
{% endhint %}

<p align="center"></p>

<p align="center"></p>

<div><figure><img src="/files/DK23ebHIp7kwHhA2LOI5" alt="" width="354"><figcaption></figcaption></figure> <figure><img src="/files/MXQfkKhgzsWL8Jl8lqmh" alt="" width="355"><figcaption></figcaption></figure></div>

<p align="center">When you open TADA mini app, Login request will be appeared. Please press <strong>Confirm</strong> button to continue using TADA mini service and it is required only for first time.</p>

<p align="center">If you cancel and continue to login again, please press <strong>Continue to login with Base</strong> button.</p>

{% hint style="success" %}
**\[New Update]** **Login is required** using Base Smart Wallet supporting SIWE authentication.
{% endhint %}

<p align="center"></p>

<p align="center"></p>

1. **Grant Permissions**: Tap Start and allow the app to access your GPS location. This ensures the driver can find your exact pick-up point.

<p align="center">This is onboarding guide and you can start booking a ride by clicking <strong>Start Riding</strong>. </p>

2. **Set your route**: Enter your **pick-up** and **drop-off** locations.&#x20;

<p align="center"></p>

(1)You can also use the map pin to be more precise.

<figure><img src="/files/BuohOCBl3DVeFbL73R6C" alt=""><figcaption></figcaption></figure>

(2)You can also set the destination by clicking thumbnail of **Frequently Visited Places.**

<figure><img src="/files/oQTXyV4jDPi7RlVsqFTP" alt=""><figcaption></figcaption></figure>

(3)You can also set the location by **typing** and **search**

<figure><img src="/files/0C4rxYKOZ3xcMuoIu9Jz" alt=""><figcaption></figcaption></figure>

3. **Select Car type**: Now **select the car type** you want to ride with.

<figure><img src="/files/dKJYsyPd0F05bG9JQ1ty" alt=""><figcaption></figcaption></figure>

4. **My contact set up:** Enter your name and get a code to verify your phone number in case your driver may contact to find your location to pick up. This is only for one time, and saved until you update.

<figure><img src="/files/TfHumELeBC7Ga0VZQQAY" alt="" width="375"><figcaption></figcaption></figure>

Once verified your phone number, it's saved now.

<figure><img src="/files/0REVMZ2cBwfhuzG4ev1F" alt=""><figcaption></figcaption></figure>

5. **Check your ride fare:** Your ride fare amount will be shown finally. You will finish payment with basepay by clicking **Book TADA** button.

<figure><img src="/files/ffrQRmbQTXAXsY9pVi0Y" alt=""><figcaption></figcaption></figure>

6. **Payment**

When you click Book TADA, base pay wallet popup will appear and you can confirm to finish the ride fare payment. Once confirmed, **onchain transaction** process will start immediately.

{% hint style="info" %}
Onchain transaction processing may take some time when many are active on the network.&#x20;
{% endhint %}

<figure><img src="/files/CLiyTB6zFMdJwdPp4gtM" alt=""><figcaption></figcaption></figure>

{% hint style="warning" %}
If you accidentally cancel or close the popup, simply click **Continue with basepay** button, then base pay popup will apprear again.
{% endhint %}

<figure><img src="/files/EN7FlHRWlOaP4sLqPZe5" alt=""><figcaption></figcaption></figure>

7. **Meet your driver and start your trip**

Almost done. as soon as you're matched with a driver, your driver will be on the way to pick you up.

{% hint style="info" %}
To chat with your driver, click the **phone** or **message icons**, and you can see the driver's real-time location on the map by clicking **View Map** button. Sometimes ***your driver might call you*** to find your location at the airport.
{% endhint %}

<figure><img src="/files/Q8P0i17JEZbESRWAEznk" alt=""><figcaption></figcaption></figure>

8. **You're arrived at destination, hurray!**

Your driver will finally get you to the destination safely. If you enjoyed the trip with your driver, you can also leave your appreciation. It goes 100% to your driver.

<figure><img src="/files/xYZheyIzLiytQ57xMUpX" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/VJ4ENci2Mi5oaoly5VYH" alt=""><figcaption></figcaption></figure>

<h3 align="center"></h3>

<h3 align="center">Enjoy you trip with TADA mini 🎉🚖</h3>

## **Things good to know**

#### **1. Cancellation & Refund**

{% hint style="warning" %}
If you want **to cancel** the trip **before** matching with your driver.
{% endhint %}

You can always cancel your trip before starting your trip, and the refund will be processed within 24 hrs(usually earlier than that) and the refund amount will be back to your wallet address you used with basepay.

{% hint style="warning" %}
If you want **to cancel** the trip **after** you matched with your driver.
{% endhint %}

There are **3 minutes grace periods** for **cancellation**, and **a fee may apply** after 3 mins passed and your driver is on the way to pick you up since they are committed to your trip.

{% hint style="success" %}
We provide your **onchain transaction hash for payments made via BasePay**, as well as the refund transaction hash, directly on the TADA mini app. We are working to process your refund as quickly as possible. Thank you for your patience.
{% endhint %}

#### **2. Driver had to cancel**

We're sorry, sometimes drivers got stuck on the road due to traffic. You can book your ride again by clicking **Try again**, or **cancel** your trip.

<figure><img src="/files/g6DcHB8YxKpNdpQjC5rI" alt=""><figcaption></figcaption></figure>

#### **3. CS contact information**

For Denver operation, **TADA mini is collaborating with COOP** in Denver, a licensed TNC, to provide ride-hailing operations for ETHdenver. For your inquiry, please contact to **COOP team**.

**Need Help?** You can find customer support contact information directly within the app. Clicking the support email will automatically generate a form for you to fill out.&#x20;

{% hint style="info" %}
Please **make sure to include your booking number** in the message to help us track your trip and resolve your issue faster.
{% endhint %}

Email: <support@coloradodrivers.coop>

Phone: (720)618-5961, From Monday to Friday, 10am to 3pm in local time<br>

Please note that terms and conditions apply. Any promotional amounts applied are non-refundable. For inquiries, please contact our CS team. Navigate Denver with TADA mini!


# \[TH Devcon ver.] EN

### ⭐️ TADA mini is now in Bangkok, Thailand! 🚕 ✨ Welcome to the Web3 Ride hailing World.

### Easy-peasy way to Use 🚕 Simply book your ride through TG Bot.&#x20;

{% embed url="<https://youtube.com/shorts/JwWOJun7wUc?feature=share>" %}

{% hint style="info" %}
**To use TADA Mini, GPS location must be enabled and location permissions must be granted to the Telegram app.**
{% endhint %}

<div align="left"><figure><img src="/files/MKQ7Ml5CHon7ouWWeT7r" alt=""><figcaption></figcaption></figure></div>

Follow the link below or Search for **TADA mini** on Telegram.

{% embed url="<https://t.me/TADA_Ride_Bot>" %}

<div align="left"><figure><img src="/files/LggDvFZmdnrdhh3nJtVX" alt=""><figcaption></figcaption></figure></div>

Click the **Start** button once you’ve opened TADA mini.

<div align="left"><figure><img src="/files/GikrRWx5TEJba36Se2k4" alt=""><figcaption></figcaption></figure></div>

Click **Book TADA** button.

<div align="left"><figure><img src="/files/LDEau012pGXbUYqUGA2z" alt=""><figcaption></figcaption></figure></div>

**Please allow TADA mini to access your location.** \
**This will enable TADA Mini to display your real-time location on the map.**

<figure><img src="/files/iS9DF0VtzUPspD7cLO0f" alt=""><figcaption></figcaption></figure>

If you want to learn more about the TADA mini Booking Guide, please click ? icon.

<figure><img src="/files/nX7l1TL1sQOQvzj0qCZI" alt=""><figcaption></figcaption></figure>

If you want to change the language, please press the global icon.

<figure><img src="/files/NU0E1X73akkfQ7SXbzbZ" alt=""><figcaption></figcaption></figure>

Please enter the pick-up and the drop-off locations, or click the map icon on the right to find it. **If you have allowed access to my location, touching the map icon will display your current location. This will help you book TADA mini more conveniently.**

Representative destinations can be found in “Recommend Destination”. \
If you want to go to a destination you have previously visited, please refer to “Trip History”.

<div align="left"><figure><img src="/files/q56GbQUe1nM8mnCIBjd4" alt=""><figcaption></figcaption></figure></div>

In case Airport pickup, please arrange exact pickup platform and exit with your driver.

<div align="left"><figure><img src="/files/5iTGxn1pXy5aW9d77l3M" alt=""><figcaption></figcaption></figure></div>

Once you have decided on the pick-up and drop-off locations, the optimal route is also shown.

<div align="left"><figure><img src="/files/PXlPSNRLGyc37jH1kAaJ" alt=""><figcaption></figcaption></figure></div>

Once you have selected your location, choose your preferred car type. \
Please note that the Estimated Trip fare will vary depending on car type, distance, and time.

<div align="left"><figure><img src="/files/Vu2kMJAFFQ4y9txjUnrQ" alt="" width="484"><figcaption></figcaption></figure></div>

You can process transactions with Wallet or Free Ride.

<div align="left"><figure><img src="/files/XzCQaAtN0t5rxJqIKPY5" alt=""><figcaption></figcaption></figure></div>

In the case of a Free Ride, you do not need to connect a wallet. \
You can get a discount of up to 1,000 THB. \
If the price is over 1,000 THB, you can not use a Free Ride.

<figure><img src="/files/jM8fblUJThteTeaLTHrH" alt=""><figcaption></figcaption></figure>

After entering your name and phone number(which does not have to be a local number), you should verify your phone number. After verifying, tap the "Book TADA" button.

<div align="left"><figure><img src="/files/rGGzU8xIXyHgWl7kXJfF" alt=""><figcaption></figcaption></figure></div>

When it comes to a wallet, you should complete a blockchain transaction. \
Depending on the condition of the network, the transaction may take some time. \ <mark style="color:red;">**We kindly ask you to avoid making another transaction at this stage.**</mark> If you accidentally make another transaction, the refund will be automatically processed within 24 hours.

When you click "Cancel Booking," the ride reservation will be canceled, and any used token will be refunded within 24 hours. \
When you click "Retry transaction," you will be redirected to the Wallet screen.

<div align="left"><figure><img src="/files/nZCVBgJvyie2WJQzzMzZ" alt=""><figcaption></figcaption></figure></div>

If the transaction has already been sent, then you can see a check icon in the Transaction sent pop-up. Please tap the close.

<div align="left"><figure><img src="/files/Ck4xNftQh4O4cqVsV18j" alt=""><figcaption></figcaption></figure></div>

Please wait while a TADA driver is being matched.

<figure><img src="/files/DB9j2rr2J2t5ea8OrxYl" alt=""><figcaption></figcaption></figure>

If driver matching is successful, information about the driver's name, car, and car Number will provided. \
Tap the phone icon to call a driver. \
Tap the chat icon to chat with a driver. \
Tap the Cancel Booking button if you wish to cancel the booking. \
In chat, you can take a picture of your current location and upload it.

<figure><img src="/files/OegwjPlEQPdK0vj0Jxxp" alt=""><figcaption></figcaption></figure>

<div align="left"><figure><img src="/files/FZAo10EF9VnMBI6aulxB" alt="" width="438"><figcaption></figcaption></figure></div>

Tap the location icon to track the driver's location.

Or If you click “Driver Location” on bot menu, you can also see the driver’s location. You can check the current status of your reservation through bot too.

<div align="left"><figure><img src="/files/CKmRN6g2weDnhts2AkDL" alt=""><figcaption></figcaption></figure></div>

In case Airport pickup, please arrange exact pickup platform and exit with your driver.

<figure><img src="/files/4iQGn99xtehOr7Hsbco9" alt=""><figcaption></figcaption></figure>

Once the pick-up is successful, a “Boarding completed" message will appear on Telegram, and "Pickup complete" will be marked as checked.

### Enjoy you trip! 🎉🚖


# Thai

### ⭐️ TADA mini มาถึงกรุงเทพ ประเทศไทยแล้ว! 🚕 ✨ ยินดีต้อนรับสู่โลกแห่งการเดินทาง Web3

### วิธีการใช้งานที่แสนง่ายดาย 🚕 เพียงจองการเดินทางของคุณผ่านแอป Telegram&#x20;

{% embed url="<https://youtube.com/shorts/JwWOJun7wUc?feature=share>" %}

{% hint style="info" %}
เพื่อใช้ TADA Mini จะต้องเปิดการใช้งานตำแหน่ง GPS และต้องให้สิทธิ์อนุญาตเข้าถึงตำแหน่งแก่แอป Telegram
{% endhint %}

<div align="left"><figure><img src="/files/MCFlP3Vhl5vMONbrX8Ni" alt=""><figcaption></figcaption></figure></div>

ติดตามลิงก์ด้านล่างหรือค้นหา TADA mini บน Telegram

{% embed url="<https://t.me/TADA_Ride_Bot>" %}

<div align="left"><figure><img src="/files/Dh7TC89lP5ZuVzks2WZO" alt=""><figcaption></figcaption></figure></div>

คลิกปุ่ม “START” เมื่อคุณเปิด TADA mini แล้ว

<div align="left"><figure><img src="/files/VU17Ye5cl1eurN8JXuLD" alt=""><figcaption></figcaption></figure></div>

คลิกปุ่ม Book TADA

<div align="left"><figure><img src="/files/xshiW4DIORIpDylji3CM" alt=""><figcaption></figcaption></figure></div>

**กรุณาอนุญาตให้ TADA mini เข้าถึงตำแหน่งของคุณ** \
**จะทำให้ TADA Mini สามารถแสดงตำแหน่งแบบเรียลไทม์ของคุณบนแผนที่ได้**

<figure><img src="/files/CJz2ufwJqfStfLXhOSeX" alt=""><figcaption></figcaption></figure>

หากคุณต้องการเรียนรู้เพิ่มเติมเกี่ยวกับคู่มือการจอง TADA mini โปรดคลิกไอคอน ?

<figure><img src="/files/rwBKqYHQCudMN9YxJbPA" alt=""><figcaption></figcaption></figure>

หากต้องการเปลี่ยนภาษา กรุณากดไอคอนสากล

<figure><img src="/files/IceAne0jyRh5tJiTriSa" alt=""><figcaption></figcaption></figure>

กรุณาระบุจุดรับและส่ง หรือคลิกไอคอนแผนที่ทางด้านขวาเพื่อค้นหา **หากคุณอนุญาตให้เข้าถึงตำแหน่งของฉัน การกดไอคอนแผนที่จะแสดงตำแหน่งปัจจุบันของคุณ ซึ่งจะช่วยให้คุณจอง TADA mini ได้สะดวกยิ่งขึ้น**

สามารถดูจุดหมายปลายทางที่เป็นตัวแทนได้ใน "Recommend Destination" \
หากคุณต้องการไปยังจุดหมายปลายทางที่คุณเคยไปเยี่ยมชม โปรดดูที่ "Trip History"

<div align="left"><figure><img src="/files/19wxDkGGzsYhB7vlb2q9" alt=""><figcaption></figcaption></figure></div>

ในกรณีที่มารับที่สนามบิน กรุณาจัดเตรียมจุดรับที่แน่นอนและลงรถกับคนขับ

<div align="left"><figure><img src="/files/dy6xRITeyLp9aXHBJdko" alt=""><figcaption></figcaption></figure></div>

เมื่อคุณตัดสินใจเกี่ยวกับสถานที่รับและส่งแล้ว เส้นทางที่ดีที่สุดก็จะปรากฏขึ้นเช่นกัน

<div align="left"><figure><img src="/files/t3d29zTJYhHT4hzWJZHM" alt=""><figcaption></figcaption></figure></div>

เมื่อคุณเลือกสถานที่แล้ว ให้เลือกประเภทรถที่คุณต้องการ

โปรดทราบว่าค่าโดยสารโดยประมาณจะแตกต่างกันไป ขึ้นอยู่กับประเภทรถ ระยะทาง และเวลา

<div align="left"><figure><img src="/files/ufSTJfikCRZx7TSAeunU" alt="" width="476"><figcaption></figcaption></figure></div>

คุณสามารถประมวลผลธุรกรรมด้วยกระเป๋าสตางค์ หรือขี่ฟรีได้

<div align="left"><figure><img src="/files/2dBEAuPM1D6gQVmfHI7b" alt=""><figcaption></figcaption></figure></div>

กรณีใช้สิทธิ์ขี่ฟรีไม่จำเป็นต้องผูกกับกระเป๋าสตางค์ ร\
ับส่วนลดสูงสุด 1,000 บาท \
หากราคาเกิน 1,000 บาท ไม่สามารถใช้สิทธิ์ขี่ฟรีได้

<figure><img src="/files/r9i2zHW3a4AtsNQYWbxp" alt=""><figcaption></figcaption></figure>

หลังจากป้อนชื่อและหมายเลขโทรศัพท์ของคุณ (ไม่จำเป็นต้องเป็นหมายเลขโทรศัพท์ในพื้นที่) คุณควรยืนยันหมายเลขโทรศัพท์ของคุณ หลังจากยืนยันแล้ว ให้แตะปุ่ม "จอง ธาดา”

<div align="left"><figure><img src="/files/k3TYs2bhB7U3gI7yUQcL" alt="" width="462"><figcaption></figcaption></figure></div>

เมื่อเป็นเรื่องของกระเป๋าเงิน คุณควรทำธุรกรรมบล็อคเชนให้เสร็จสิ้น การทำธุรกรรมอาจใช้เวลาสักครู่ ขึ้นอยู่กับสภาพของเครือข่าย **เราขอให้คุณหลีกเลี่ยงการทำธุรกรรมอีกครั้งในขั้นตอนนี้** หากคุณทำธุรกรรมอีกครั้งโดยไม่ได้ตั้งใจ การคืนเงินจะดำเนินการโดยอัตโนมัติภายใน 24 ชั่วโมง

"ยกเลิกการจอง" การจองการเดินทางจะถูกยกเลิก และ token ที่ใช้ไปแล้วจะได้รับการคืนเงินภายใน 24 ชั่วโมง

<div align="left"><figure><img src="/files/ASp7lD4zJ0JrzW5anHuW" alt=""><figcaption></figcaption></figure></div>

หากทำธุรกรรมเสร็จแล้ว คุณจะเห็นไอคอนเครื่องหมายถูกในป๊อปอัปธุรกรรมที่ส่งไปแล้ว โปรดกดปิด

<div align="left"><figure><img src="/files/5el6TWj3fpPhu43BkHkO" alt=""><figcaption></figcaption></figure></div>

กรุณารอสักครู่ขณะกำลังจับคู่ไดรเวอร์ของธาดา

<figure><img src="/files/2h1e0QboB4P5Mmkml3Rs" alt=""><figcaption></figcaption></figure>

หากการจับคู่คนขับประสบความสำเร็จ ข้อมูลเกี่ยวกับชื่อคนขับ รถ และหมายเลขรถจะแสดงขึ้น\
แตะไอคอนโทรศัพท์เพื่อโทรหาคนขับ\
แตะไอคอนแชทเพื่อแชทกับคนขับ\
แตะปุ่มยกเลิกการจองหากคุณต้องการยกเลิกการจอง

ในแชท คุณสามารถถ่ายรูปตำแหน่งปัจจุบันของคุณและอัปโหลดได้

<figure><img src="/files/tDUvVNyjFBtmtXVLA8rX" alt=""><figcaption></figcaption></figure>

<div align="left"><figure><img src="/files/zCbRi8FzY9LFGJQa1Xkp" alt=""><figcaption></figcaption></figure></div>

แตะไอคอนตำแหน่งเพื่อติดตามตำแหน่งของคนขับ

หรือหากคุณคลิก “ตำแหน่งคนขับ” บนเมนูบอท คุณก็สามารถดูตำแหน่งของคนขับได้เช่นกัน คุณสามารถตรวจสอบสถานะการจองปัจจุบันของคุณผ่านบอทได้เช่นกัน

<div align="left"><figure><img src="/files/kDew4vGCHIMsc5U0sorn" alt=""><figcaption></figcaption></figure></div>

ในกรณีที่มารับที่สนามบิน กรุณาจัดเตรียมจุดรับที่แน่นอนและลงรถกับคนขับ

<figure><img src="/files/WoFu1MWphofNx5Ojm2Zv" alt=""><figcaption></figcaption></figure>

เมื่อการรับสินค้าสำเร็จแล้ว ข้อความ “การขึ้นเครื่องเสร็จสมบูรณ์” จะปรากฏบน Telegram และ “การรับสินค้าเสร็จสมบูรณ์” จะถูกทำเครื่องหมายว่าเลือกไว้

### สนุกไปกับการเดินทาง! 🎉🚖


# How to Get Toncoin

## Tonkeeper

### What is Tonkeeper?

> **Tonkeeper** is a popular cryptocurrency wallet specifically designed for managing TON (The Open Network) tokens and interacting with the TON blockchain. It serves as a secure and user-friendly mobile application that allows users to store, send, and receive TON tokens.

### Download Tonkeeper

{% embed url="<https://play.google.com/store/apps/details?id=com.ton_keeper>" %}

{% embed url="<https://apps.apple.com/us/app/tonkeeper-ton-wallet/id1587742107>" %}

### Create New Wallet

<figure><img src="/files/8K3K7q4yaGWySNG2lR0c" alt=""><figcaption></figcaption></figure>

Tap <mark style="color:red;">**`Create New Wallet`**</mark> and Enter your four-digit password twice.

<div align="left"><figure><img src="/files/2Ih0WaGNhxKPElRLLylU" alt="" width="375"><figcaption></figcaption></figure></div>

After that, the wallet will be made soon.

### Import Existing Wallet

<figure><img src="/files/y0qgztukS63MeuILZ5r9" alt=""><figcaption></figcaption></figure>

Tap <mark style="color:red;">**`Import Existing Wallet`**</mark> and choose from the options.\
We recommend to use <mark style="color:red;">**`Existing Wallet_Import wallet with a 24 secret recovery words`**</mark>.

### Buy Toncoin

<figure><img src="/files/TshzfD8J5Iw2U0fH4elh" alt=""><figcaption></figcaption></figure>

Please click <mark style="color:red;">**`Buy & Sell`**</mark>.\
You can Buy TON through 7 routes now. Choose from these options.

## Telegram Wallet

### What is Telegram Wallet?

> The Telegram Wallet is an integrated feature within the Telegram messaging app that allows users to manage cryptocurrencies directly through the app. The Telegram Wallet provides a convenient way for users to send, receive, and store cryptocurrencies without leaving the Telegram platform.

### Download Telegram Wallet

First of all, **Download Telegram than,**

{% embed url="<https://play.google.com/store/apps/details?id=org.telegram.messenger>" fullWidth="false" %}

{% embed url="<https://apps.apple.com/us/app/telegram-messenger/id686449807>" %}

**Add this chat room,**&#x20;

{% embed url="<https://t.me/wallet>" %}

<figure><img src="/files/RjEnNhFpVaf6QgSCTJZL" alt=""><figcaption></figcaption></figure>

When you enter the chat room, you will see a blue <mark style="color:red;">**`START`**</mark> button at the bottom. Please click the <mark style="color:red;">**`START`**</mark> button.

### Create New Wallet

<figure><img src="/files/kRVf12RiSDNqibeKHcY1" alt=""><figcaption></figcaption></figure>

Agree to the <mark style="color:red;">**`Terms of Use`**</mark> and click the <mark style="color:red;">**`Continue`**</mark> button. And then, press the <mark style="color:red;">**`Let's go`**</mark> button.

<div align="left"><figure><img src="/files/CFskkG1LsH6yWwpSxhOk" alt="" width="375"><figcaption></figcaption></figure></div>

After that, the wallet will be made soon.

### Buy Toncoin

<figure><img src="/files/FsfC2m8gS1XU46P7lmkB" alt=""><figcaption></figcaption></figure>

Please click <mark style="color:red;">**`Add Crypto`**</mark> and than tap <mark style="color:red;">**`Buy Crypto`**</mark>.

<figure><img src="/files/RsrUQKTMhYEsxfj1AkiS" alt=""><figcaption></figcaption></figure>

After selecting <mark style="color:red;">**`Toncoin`**</mark> please tap <mark style="color:red;">**`Continue`**</mark> . After that, search for USD and press <mark style="color:red;">**`Done`**</mark>.

<figure><img src="/files/KRmlb7GKr5exS2bf9KLe" alt=""><figcaption></figcaption></figure>

Than, the <mark style="color:red;">**`Let’s get verified`**</mark> will appear. Click the <mark style="color:red;">**`CONTINUE`**</mark> and read the <mark style="color:red;">**`Verification requirements`**</mark>. If you agree to the Verification requirements, check <mark style="color:red;">**`I confirm that I meet the Wallet verification requirements`**</mark> and click the <mark style="color:red;">**`CONFIRM AND CONTINUE`**</mark>.

<figure><img src="/files/BJ7YzT4PDQLTbStRwhRw" alt=""><figcaption></figcaption></figure>

Than, the <mark style="color:red;">**`What is your phone number?`**</mark> will appear. Click the <mark style="color:red;">**`CONTINUE`**</mark>**.**\
If you enter the Telegram Wallet Chat room, you will see that your phone number has been shared.

<figure><img src="/files/Xo05sXK0UgBgpuUd9YSo" alt=""><figcaption></figcaption></figure>

Please enter you name and Date of birth. After that, tap the <mark style="color:red;">**`Send`**</mark>.

<figure><img src="/files/5QhOFttEwNpugodqnDgO" alt=""><figcaption></figcaption></figure>

Enter the quantity you wish to purchase and click <mark style="color:red;">**`Buy TON`**</mark>.\
If you want to change your purchase method, click <mark style="color:red;">**`Pay using`**</mark>. You can Buy TON through 4 routes now. Choose from these options.

## Other Exchanges

You can get Toncoin in many exchages like OKX, Bybit, MEXC, Huobi, Bitget and so on. If you would like to know exchanges more, please refer to the site below.

{% embed url="<https://coinmarketcap.com/currencies/toncoin/#Markets>" %}

**Please transfer the Toncoin stored in the exchange to Tonkeeper or Telegram Wallet.**

### How to check Toncoin Address

#### Tonkeeper

<div align="left"><figure><img src="/files/e8CEi7MLcZucHCvUt5lv" alt="" width="375"><figcaption></figcaption></figure></div>

Tonkeeper's wallet address can be checked on the main screen. Click <mark style="color:red;">**`W5`**</mark> to copy your Toncoin address.

#### Telegram Wallet

<div align="left"><figure><img src="/files/EaPtefdhVIhQNVSD9QAg" alt="" width="375"><figcaption></figcaption></figure></div>

In the Telegram Wallet’s Chat room, click <mark style="color:red;">**`Open Wallet`**</mark> or <mark style="color:red;">**`Wallet`**</mark>.

<figure><img src="/files/ohZRuta3hkh88PIJdWcp" alt=""><figcaption></figcaption></figure>

Please click <mark style="color:red;">**`Add Crypto`**</mark> and than tap <mark style="color:red;">**`External Wallet`**</mark>.

<figure><img src="/files/FyHP9KX5f0ff5o5yFS8k" alt=""><figcaption></figcaption></figure>

After selecting <mark style="color:red;">**`Toncoin`**</mark> please press <mark style="color:red;">**`Continue`**</mark> . Than you can see your Toncoin Address. Click <mark style="color:red;">**`Copy Address`**</mark> to copy your Toncoin address.


# How to Get bMVL & USDT & USDC & FDUSD in BSC

## bMVL

### What is bMVL?

> **bMVL** token is a **BEP20-based token** used in the MVL (Mass Vehicle Ledger) ecosystem and operates on the Binance Smart Chain. As part of the MVL project, bMVL plays a crucial role, particularly in blockchain transactions related to mobility services.

### Earn bMVL

#### Bridge

{% embed url="<https://mvlfi.mvlchain.io/>" %}

Convert your existing MVL to bMVL in MVL Fi.

<figure><img src="/files/QC5UTkxVUC5m6WVaxPKY" alt=""><figcaption></figcaption></figure>

Connect your wallet to the MVL Fi.

<figure><img src="/files/89AmKEIacslfK1luLb3o" alt=""><figcaption></figcaption></figure>

After clicking Bridge, please select the network as and the Token as MVL. Enter the MVL amount you want to exchange for bMVL, and click Next Step.

When converting MVL to bMVL through the bridge, **a fee of 10,000 MVL will be charged.** **A small amount of ETH will also be consumed as a gas fee.**

<div align="left"><figure><img src="/files/XDxWeZVgDpuwKtENK7jq" alt=""><figcaption></figcaption></figure></div>

Please check I have read and agreed to the information displayed above and click Transfer.

**The transaction will take approximately 10 minutes to complete, so please wait.**

<div align="left"><figure><img src="/files/MbclRgOFAIQZECInN0GF" alt="" width="375"><figcaption></figcaption></figure></div>

After checking the gas fee, click Confir&#x6D;**.**

<div align="left"><figure><img src="/files/qW7QmINaWRN2wrvp8r0u" alt=""><figcaption></figcaption></figure></div>

If the transaction is successful, the Success Transfer screen appears.<br>

#### Swap

{% embed url="<https://mvlfi.mvlchain.io/swap>" %}

You can also get bMVL through the Swap in MVL Fi.

<figure><img src="/files/WRxNsgvnwtfNmwtFSYrF" alt=""><figcaption></figcaption></figure>

In MVL Fi, select the network as Binance Smart Chain and click Swap.

Click Select Token to see a list of swappable tokens.

<figure><img src="/files/BGEoAdOj6HyrHVpgVKse" alt=""><figcaption></figcaption></figure>

Currently, BNB, bMVL, BTCB(BSC), USDT(BSC), BUSD(BSC) tokens are supported.

<figure><img src="/files/uDnODdZI0LdY9NY9B09V" alt=""><figcaption></figcaption></figure>

After selecting the token you wish to exchange, exchange it for bMVL.

**when swapping, please leave a small amount of BNB in your wallet as a transaction fee, and also please note that there will also be a Price Impact.**

{% embed url="<https://biswap.org/swap>" %}

Likewise, Swap can also be carried out on Biswap.

## USDT(BSC)

### What is USDT(BSC)?

> USDT(BSC) is the version of Tether(USDT) issued on the Binance Smart Chain(BSC). USDT is a stablecoin pegged 1:1 to the US dollar and is available on various blockchain networks. USDT(BSC), which follows the BEP20 standard, benefits from Binance Smart Chain's fast transaction speeds and low fees.

### Earn USDT(BSC)

#### Buy

<https://www.binance.com/en/price/tether>

You can buy USDT(BSC) on Binance.

#### Bridge

{% embed url="<https://www.mtpelerin.com/bridge/usdt>" %}

You can convert USDT on other networks to USDT on the BSC network using USDT Bridge.

#### Swap

{% embed url="<https://mvlfi.mvlchain.io/swap>" %}

You can also get USDT(BSC) through the Swap in MVL Fi.

<figure><img src="/files/c6r6M1OpFcFoWy1lZ8XD" alt=""><figcaption></figcaption></figure>

In MVL Fi, select the network as Binance Smart Chain and click Swap.

Click Select Token to see a list of swappable tokens.

<figure><img src="/files/99LHhdqbgh2DpjhGXe6H" alt=""><figcaption></figcaption></figure>

Currently, BNB, bMVL, BTCB(BSC), USDT(BSC), BUSD(BSC) tokens are supported.

<figure><img src="/files/Hl0bzsm89C8aP9hOCLD6" alt=""><figcaption></figcaption></figure>

After selecting the token you wish to exchange, exchange it for USDT(BSC).

**when swapping, please leave a small amount of BNB in your wallet as a transaction fee, and also please note that there will also be a Price Impact.**

{% embed url="<https://biswap.org/swap>" %}

Likewise, Swap can also be carried out on Biswap.

## USDC(BSC)

### What is USDC(BSC)?

> USDC on the BSC(BNB Smart Chain) network is a stablecoin issued under the BEP-20 standard. This token is pegged 1:1 with the U.S. dollar and benefits from the low transaction fees and fast processing speeds of the BSC network.

### Earn USDC(BSC)

#### Buy

<https://www.binance.com/en/price/usd-coin>

You can buy USDC(BSC) on Binance.

#### Bridge

{% embed url="<https://www.mtpelerin.com/bridge/usdc>" %}

You can convert USDC on other networks to USDC on the BSC network using USDC Bridge.

#### Swap

{% embed url="<https://biswap.org/swap>" %}

You can also get USDC(BSC) through the Swap in Biswap.

## FDUSD(BSC)

### What is FDUSD(BSC)?

> FDUSD(FUSD, First Digital USD) is a stablecoin pegged to the U.S. dollar at a 1 FDUSD = 1 USD ratio, backed by U.S. dollar assets held by the issuer. FDUSD on the BSC network benefits from BSC's low transaction fees and fast processing speeds.

### Earn FDUSD(BSC)

#### Buy

<https://www.binance.com/en/price/first-digital-usd>

You can buy FDUSD(BSC) on Binance.

#### Bridge

{% embed url="<https://cbridge.celer.network/1/56/FDUSD>" %}

You can convert FDUSD on other networks to FDUSD on the BSC network using cBridge.

#### Swap

{% embed url="<https://www.binance.com/en/convert/FDUSD/USDT>" %}

You can also get FDUSD(BSC) through the Swap in Binance.


# TADA mini Referral


# Referral Campaign: Reward Claim Guide

The TADA mini Referral Campaign has successfully concluded on October 25th, 2024. This guide explains how to claim rewards.

{% hint style="info" %}

#### **Please note:**

**Reward claim period:** 2024.11.21, 00:00 \~ 2024.12.31, 23:59 (UTC)\
TOP 100,000 users on the “Leaderboard” are eligible for rewards this time.\
Rewards will be distributed as jMVL (MVL on TON).\
Receive your rewards in supported TON Connect wallets (e.g., Tonkeeper, Telegram Wallet).\
The MVL team will cover all gas fees related to reward distribution.
{% endhint %}

<figure><img src="/files/Wl90R1t4NepAzDCaouRp" alt=""><figcaption></figcaption></figure>

1. Click “Connect Wallet” on the Leaderboard.
2. Select one of the supported TON Connect wallets to link your web3 wallet and claim your reward.

> **Note:**\
> If your wallet doesn’t support “Custom Tokens,” you can check your rewards by importing your seed phrase into a compatible wallet.\
> jMVL token address 👉 **EQD2yazA2wf5AY2joEzGUDGk0cQWxEa2NdiP4Zgf9-eF04tp**

3. Once the connection is complete, your wallet address and the reward amount will be displayed.&#x20;

> **Note:**\
> Reward amount varies based on your ranking tier 👉 <https://mvlchain.page.link/K7g1>

<figure><img src="/files/ZzrN3bWeoIidXwVErThn" alt=""><figcaption></figcaption></figure>

4. Check the reward amount, then click “Claim”.

> **Note:**\
> Gas fees are covered by the MVL team.\
> The distribution may take some time based on TON network conditions.

5. Click “Confirm” and wait for the transaction to complete.

<figure><img src="/files/9fnLiS7ENAQZvYGYh3DP" alt=""><figcaption></figcaption></figure>

6. If the transaction is in progress, "In Progress" will be displayed.
7. Once complete, the button will change to "Complete."

## &#x20;                              **🚨 Please Note This 🚨**

1. If your airdrop amount shows as 0 after connecting your wallet, you might be outside the top 100,000 and not eligible for rewards this time.
   1. Don’t worry— we will be back with more events with different reward structures!
2. The MVL team covers all airdrop gas fees, so users do not need Toncoin in their wallet to receive rewards.
3. If you encounter any issues claiming your reward, please check our FAQ post on Telegram. If you still can’t find an answer, fill out the Google form for further assistance.
   1. FAQ post on Telegram : <https://t.me/mvlchain_news_en/1458>


# Clutch Wallet Guide

## Clutch Wallet

Clutch Wallet is the official mobile cryptocurrency wallet of MVL.

With Clutch, you can store and manage various cryptocurrencies including MVL Token, and connect MVL's mobility services and token economy through various additional features.

For more detailed information, please refer to the following URL.

{% content-ref url="/pages/7jfj1sr3PAKaYTdMBNPp" %}
[Clutch Wallet](/mvl-blockchain/mvl-blockchain/clutch-wallet)
{% endcontent-ref %}

## MVL Token

MVL Token is a core asset of the MVL ecosystem and can be used for various purposes.

The incentive system in MVL Mobility Services is based on MVL Token. Depending on the conditions of each service, incentives can be applied in different forms such as points or simple counts, but users can ultimately exchange them for MVL Tokens. Conversely, MVL Tokens that have been paid out can also be used in the mobility service again in the form of coupons or purchases.

In addition, the use of MVL Tokens on the On-Chain platform is expanding. Various types of liquidity supply (staking) programs are currently being operated. In the future, proposals and participation rights (governance) in major ecosystem decision-making will be also being prepared.

For more information, please refer to the URL below.

{% content-ref url="/pages/dU2LtXUoCmnzC6MqpvV8" %}
[MVL Token Economy](/mvl-blockchain/mvl-token-economy)
{% endcontent-ref %}

## MVP

<figure><img src="/files/HFQlGvuyPJbjgnQs44a9" alt="" width="563"><figcaption></figcaption></figure>

MVP (MVL Point) is a point-based currency that corresponds 1:1 with MVL Token.

It was introduced to provide a more convenient experience for users when using MVL Token in Clutch Wallet. Since MVP always has the same value as actual MVL Token, users can exchange MVP used in Clutch Wallet with actual MVL Token at any time on a 1:1 basis.

For this purpose, the issuance and burning process of MVP is strictly managed by Smart Contract, which is structurally similar to token bridge technology between networks. In other words, only the same amount of MVP can be issued when MVL Token is stored up through Clutch Wallet, and MVL Token can only be released when MVP is burned.

MVP can be obtained through the following three methods.

1. By performing missions in the Mission tab within Clutch, you can obtain MVP as a reward.
2. You can exchange your own points obtained as participation rewards from affiliated mobility services such as TADA and ONiON for MVP according to the exchange rate agreed upon in Clutch.
3. You can purchase MVL Tokens from external exchanges and exchange them for MVP through the Wallet tab within Clutch.

MVP can be used in two ways:

1. You can purchase mobility service products through the Shop tab in Clutch. Currently, we are starting with service vouchers for TADA and ONiON, which are operated directly by MVL, but we plan to expand the product line through collaboration with various services in the long term.
2. You can exchange MVP with actual MVL Tokens at a 1:1 ratio. Users can exchange MVP for MVL or bMVL, and then proceed with sending and trading to external exchanges, as well as participate in various on-chain activities provided by MVL, such as Staking, and receive rewards.


# Sign Up

## Download

**The first step to enter the MVL ecosystem, Clutch Wallet!** \
**Download now and enjoy various benefits.**

{% hint style="info" %}
**Clutch Download Link**<br>

* IOS : [***https://apps.apple.com/us/app/clutch-wallet/id1598853856***](https://apps.apple.com/us/app/clutch-wallet/id1598853856)
* Android : [***https://play.google.com/store/apps/details?id=io.mvlchain.wallet***](https://play.google.com/store/apps/details?id=io.mvlchain.wallet)
  {% endhint %}

## Sign up and Create Wallet

For mobility users who are encountering blockchain for the first time, it can be extremely difficult to generate and store seed phrases and create complex wallets all at once. Most users of Web2 services feel barriers during this process and give up trying to enter Web3.

Therefore, Clutch adopts a step-by-step login structure, allowing anyone to easily access the service and gradually enter Web3 services through a UI.

Clutch adopts a 3-step login structure.

1. Non-Member - You can view all tabs except for Clutch's Wallet tab.
2. Member - Refers to the state of logging in to Clutch via social login. In this case, you can use Web2 functions such as acquiring MVP as a reward for participating in Missions and linking with TADA.
3. Web3 Integration - Refers to the state of logging in to Clutch via social login and creating a blockchain wallet. In this state, you can not only use Web2 functions but also utilize Web3 functions such as exchanging MVL Tokens.

Therefore, first-time users **can use Clutch without separate membership registration and login.**

However, by logging in, you can also participate in Missions and use the Wallet function, so **we recommend that you sign up for membership.**

### 1. Non-member

If you haven't signed up, you can browse all tabs in Clutch except for the Wallet tab.\
However, you won't be able to use the service in practice, so **we recommend that you sign up.**

### 2. Member

This means logging in to Clutch using social login.\
By doing so, you can use Web2 functions such as earning MVP as a reward for participating in missions, and linking with TADA.\
Please refer to the following for detailed membership registration instructions.

![](/files/O9Fn8SNG2qcm0dMwKP2u)

If you want to log in, please click on the Wallet tab.

![](/files/JFazOkrbWsl6bhDzXYx2)

If you click on the Wallet tab, a login window will appear.\
You can log in with your Google account, Apple account, or Facebook account.

<img src="/files/EQNp9V68D9B1y9ZY24ke" alt="" data-size="original">

Please agree to the TERMS OF SERVICE and click Confirm.

<figure><img src="/files/Bf2jidaAl7cgem12Paiu" alt=""><figcaption></figcaption></figure>

The PIN number setting window will appear.\
After setting a 6-digit PIN number, you can use various functions of Clutch.

### 3. Web3 Integration

This means logging in to Clutch with social login and creating a blockchain wallet.\
In addition to Web2 functions, Web3 functions such as MVL Token exchange can also be utilized.\
Please refer to the information below for detailed instructions on how to create a blockchain wallet.

![](/files/hAbZqEwptFBpHT0Vm4gz)

Please go to the Wallet tab and click on Activate BNB Wallet.

![](/files/dF3XA1FFSAd1MsB0t1tr)

Please enter the set PIN number.

![](/files/jCPh7NM1YQt2tgO1UdGt)

Please check and save your Seed Phrase.\
If you want to copy the Seed Phrase, please click on **Copy to Clipboard**.

<figure><img src="/files/uFOQdllwVfKtqktqPIg6" alt=""><figcaption></figcaption></figure>

Please enter the Seed Phrase that corresponds to the number.\
You can click on the eye to see the characters I have written.\
Once you have entered the Seed Phrase, please click on Confirm.

![](/files/eI8HnHmw5CunOU7aVqgl)

Wallet has been activated.\
Even activating only the BNB Wallet **will activate all other wallets as well.**


# Connect to Mobility

## Connect to TADA

<figure><img src="/files/iphvZ6qLbF8v5QoP4YHz" alt=""><figcaption></figcaption></figure>

If you go to **My Info > Account > Connect to Other Account**, you can connect to TADA Rider, TADA Driver, ONiON-DEV or ONiON. Please press the **Connect button** on the app you want to connect to.

<figure><img src="/files/fvhIaTRYd7OnmfmWRvyl" alt=""><figcaption></figcaption></figure>

If you press Connect three times, you can link Clutch with TADA Rider, TADA Driver, ONiON-DEV or ONiON. \
Note that TADA Rider, TADA Driver, ONiON-DEV or ONiON can be linked to Clutch at the same time.

## Exchange Point

### **MVP → bMVL**

You can exchange MVP for bMVL.\ <mark style="color:red;">**`1 bMVL has the same value as 1 MVP`**</mark>.\
Please refer to the information below for the exchange process.

<figure><img src="/files/81fYuw3U1n7C90vnp2Ef" alt=""><figcaption></figcaption></figure>

① Click on MVP in the Wallet tab of Clutch.

② Then click on Swap.

③ Enter <mark style="color:red;">**`the quantity you want to exchange`**</mark> and press <mark style="color:red;">**`the Swap button`**</mark>. You can see the amount of bMVL you can get in Estimated Swap Amount. <mark style="color:red;">**`MVP and bMVL can be exchanged at a 1:1 ratio`**</mark>. Please note that a small fee will be charged, so please be aware of this before exchanging.

### **bMVL → MVP**

You can also purchase MVP through bMVL.\ <mark style="color:red;">**`1 bMVL has a value of 1 MVP.`**</mark>\
Please refer to the following information for the purchasing method.

<figure><img src="/files/2hziZsXiSidXDedqaDb8" alt=""><figcaption></figcaption></figure>

① Select bMVL on the BNB Network from the Wallet tab on Clutch.

② Then click on Swap.

③ Click on BNB on the Swap page.

<figure><img src="/files/E1U27rwpgcZ3KfcMTTBA" alt=""><figcaption></figcaption></figure>

④ Select MVP from the list of tokens.

⑤ Enter the <mark style="color:red;">**`amount you want to exchange`**</mark> and press the <mark style="color:red;">**`Swap button`**</mark>. You can see the amount of MVP that you can get from Estimated Swap Amount. <mark style="color:red;">**`bMVL and MVP can be exchanged at a 1:1 ratio`**</mark>. Note that there may be **small fees** and **Price Impact**, so please exchange carefully.


# Main Function and Benefit

## #1 Mission

![](/files/qu0hVCi7G5C6mvaDeYAN)

When you enter Clutch, the first screen you see is the Mission.\
If you participate in a mission, you will receive MVP as a reward. The total MVP received as a reward can be checked in the upper right corner.

<figure><img src="/files/izof1yma3IjSVs8oftwI" alt=""><figcaption></figcaption></figure>

If you click on the mission group you want to participate in, you can check the detailed mission.

<figure><img src="/files/5TSEOlWgK0QsGu0Gmpcy" alt=""><figcaption></figcaption></figure>

If you click the <mark style="color:red;">**`More`**</mark> button, you can find out how to participate in each mission group.

## #2 Shop

<div align="left"><figure><img src="/files/BNoqdlzaJHdawNAogIRb" alt="" width="375"><figcaption></figcaption></figure></div>

At the Shop tap, you can use the MVP you have collected to purchase the coupons you want.

The coupons currently available for purchase are the TADA Ride Coupon and the ONiON T1 Battery Swap Coupon. \
These coupons are only available in Cambodia for a limited time. \
Various types of coupons that can be used in more regions will be added in the future.

Please click on the coupon you wish to exchange.

<div align="left"><figure><img src="/files/528MlTYc2YEoHwZVav92" alt="" width="375"><figcaption></figcaption></figure></div>

Check the MVP quantity corresponding to the coupon price and click the Buy button.

1 MVP is worth 1 bMVL. \
Therefore, **the quantity of MVP changes in real time according to the price of bMVL.** \
Please take note of this.

<div align="left"><figure><img src="/files/RmG3GH9JUiZdwpYhwQbY" alt="" width="375"><figcaption></figcaption></figure></div>

A detailed description of the coupon can be found in the description below.

<div align="left"><figure><img src="/files/yLIX4HlCtPOrNXnjspNS" alt="" width="375"><figcaption></figcaption></figure></div>

Please recheck the coupon and MVP quantity you wish to purchase and click the Buy button.

<div align="left"><figure><img src="/files/clCnq8tbUQbWqXtvSNtn" alt="" width="375"><figcaption></figcaption></figure></div>

Please enter your PIN number.

<div align="left"><figure><img src="/files/8zKC5AE1w8UlxlmpaHBL" alt="" width="375"><figcaption></figcaption></figure></div>

If the purchase is successful, the Success screen will appear.\
Please click Go to Purchase Items button.\
Please note that clicking the Shop button will direct you to the Shop tab.

<div align="left"><figure><img src="/files/5q3CG6pl932lHkOmZmG4" alt="" width="375"><figcaption></figcaption></figure></div>

If you go to Collection in Wallet, you can check the list of coupons you have purchased.

If you have connected Clutch and TADA in advance, the coupon number will be automatically registered in TADA's My Voucher when you purchase a TADA Ride Coupon.

Please see below for how to connect Clutch and TADA.

{% embed url="<https://docs.mvlchain.io/user-guide/clutch-wallet-guide/connect-to-mobility#connect-to-tada>" %}

<div align="left"><figure><img src="/files/mB7VpAN70Afnuxwdq1FH" alt="" width="375"><figcaption></figcaption></figure></div>

If the coupon was not automatically registered, click on the coupon you purchased.

<div align="left"><figure><img src="/files/KrM6twxizkVuk91gJWqu" alt="" width="375"><figcaption></figcaption></figure></div>

Please COPY the coupon code and enter the coupon number directly into TADA's My Voucher section. \
Or, click Go to use button to be redirected to TADA and register the coupon number.

## #3 Wallet

![](/files/schaQmbStbjLvYArcslU)

If you want to check the tokens on Binance Smart Chain, please click on the arrow.

![](/files/uMdT0IKYdiMHVDJaXz4Q)

By clicking, you can check the tokens that correspond to Binance Smart Chain and the quantity that you possess.

![](/files/TML75zY0b8TxzIPPvd98)

Tokens can be <mark style="color:red;">**`received, transferred, and exchanged`**</mark>.

### Receive

<figure><img src="/files/ccC1kvsCQMLmoGtLoAtC" alt=""><figcaption></figcaption></figure>

When receiving tokens, you can set the amount by using <mark style="color:red;">**`+ Amount`**</mark>.\
You can also send your own QR code to friends’ messenger through <mark style="color:red;">**`Share QR`**</mark>.

### Transfer

<figure><img src="/files/toeUHLn1D4aF8ue1jppD" alt=""><figcaption></figcaption></figure>

When sending tokens, enter the <mark style="color:red;">**`recipient address`**</mark> and <mark style="color:red;">**`amount to send`**</mark> and press the <mark style="color:red;">**`Send`**</mark> button to complete the transfer.

A small fee will be incurred when sending tokens. Tokens charged for **fees correspond to mainnet coins. The amount of fee required may vary depending on the amount of tokens being sent and the timing of the transfer.**

For example, when sending bMVL, a small amount of BNB is required as a fee, and when sending MVL, ETH is required as a fee.

Therefore, please keep in mind the fee when making a transfer.

<table><thead><tr><th width="187"></th><th>BNB Chain</th><th>Ethereum</th><th>Tezos</th><th>Klayton</th></tr></thead><tbody><tr><td>Mainnet Coin</td><td>BNB</td><td>ETH</td><td>XTZ</td><td>KLAY</td></tr><tr><td>Supported Token</td><td>bMVL, BTCB, USDT, BUSD, WBNB, BNB-bMVL</td><td>MVL, USDT</td><td>tzBTC, kUSD, QUIPU</td><td>GXA</td></tr></tbody></table>

### Exchange

<figure><img src="/files/pzHlhc05FugLXdig9m9n" alt=""><figcaption></figcaption></figure>

The BNB Chain and Ethereum network allow for exchange of tokens that use the same network.

For example, BNB can be exchanged for bMVL and ETH can be exchanged for MVL.

|                 | BNB Chain              | Ethereum  |
| --------------- | ---------------------- | --------- |
| Mainnet Coin    | BNB                    | ETH       |
| Supported Token | bMVL, BTCB, USDT, BUSD | MVL, USDT |

When exchanging tokens, enter the <mark style="color:red;">**`quantity to be exchanged`**</mark> and press the <mark style="color:red;">**`Swap`**</mark> button after confirming the <mark style="color:red;">**`quantity of tokens to be generated by the exchange`**</mark>.

Just like with transfers, **a small fee is incurred** when exchanging tokens.

In addition, you should also consider the provider and price impact.

**Provider refers to a decentralized exchange(DEX) used to complete the exchange.**

> **DEX**\
> \
> DEX stands for token exchange that operates as a smart contract. Unlike solicitation and selling, it is common for two types of tokens to be paired, and when one token is inserted, the other token is withdrawn (AMM DEX).&#x20;
>
> This means that if your contract contains a BNB-bMVL pair, you can send BNB to receive bMVL. The exchange rate between tokens on a DEX is maintained close to the centralized exchange rate by arbitrageurs.

BNB Chain is connected to the DEX(Decentralized Exchange) Biswap, while Ethereum is connected to the DEX Uniswap.

**Price Impact refers to the difference between the market price and the price incurred when swapping two tokens.** It is also referred to as Slippage.

Please refer to the following content for more information.

> **Price Impact**\
> \
> As mentioned earlier, AMM transactions work in such a way that the product of the two tokens deposited in the contract is always constant.&#x20;
>
> <mark style="color:red;">**`X*Y=k, (X,Y is the number of tokens, k is a constant)`**</mark>&#x20;
>
> However, according to this formula, when you trade, a price difference from the market price occurs, resulting in a certain amount of loss.&#x20;
>
> Let's look at the following example. Assuming the current price of Ethereum is 2,000 USDT,

<table><thead><tr><th width="163">Situation</th><th>ETH quantity</th><th>USDT quantity</th><th>ETH x USDT = k</th><th>Execution Price (USDT)</th><th>Price Impact</th></tr></thead><tbody><tr><td>Current Status</td><td>10</td><td>20,000</td><td>200,000</td><td>-</td><td>-</td></tr><tr><td>Sell ​​1 ETH</td><td>11</td><td>18,181.8</td><td>200,000</td><td>1,818.2 </td><td>181.8</td></tr><tr><td>Buy 1 ETH</td><td>9</td><td>22,222.2</td><td>200,000</td><td>2,222.2 </td><td>222.2</td></tr></tbody></table>

> In the example above, if you sell 1 ETH, AMM will put 1 ETH into the pool and take out the corresponding USDT, and if you buy 1 ETH, you will put USDT in and take out ETH. At this time, the product of the ETH quantity and the USDT quantity remains constant at 200,000.&#x20;
>
> However, the actual contract price is different from the Ethereum price of 2,000 USDT. If you sell ETH, you will receive 181.8 USDT less, and if you buy ETH, you will buy with 222.2 USDT more.&#x20;
>
> As an example, the price impact is the loss incurred by the token trader due to the AMM algorithm.

**If it is not a mainnet coin, in order to exchange assets, you must allow the smart contract to access the assets.** This process is executed **only once per token** and requires **a small fee**. Please refer to the details below for more information.

> **Smart Contract**
>
> A Smart Contract is a type of automated contract based on blockchain technology. It is written in programming code and automatically executed or produces results when certain conditions are met. Smart Contracts help to facilitate trustworthy transactions between contracting parties without intermediaries.&#x20;
>
> Unlike typical legal contracts, Smart Contracts are written in programming languages and deployed on blockchain networks. When the conditions defined in the contract are met, the code is automatically executed, leading to specific actions or transactions. Smart contracts are difficult to change and provide reliability and safety because the code is protected by the immutability and decentralized nature of the blockchain.&#x20;
>
> Examples of Smart Contracts include cryptocurrency transactions, asset exchanges, voting systems, and digital asset issuance. These smart contracts run in a transparent and reliable manner due to the nature of the blockchain. It also helps smooth transactions between contracting parties without intermediate intervention.

<figure><img src="/files/IritzxQnueZAPyshsot8" alt=""><figcaption></figcaption></figure>

① Click Approve on the **Approve Wallet** window.

② Please check the fee and click Confirm.

③ Once you enter your previously registered PIN number, the exchange of tokens will be possible.

### DApp

DApp is a tab for web browsing within Clutch. For websites that require wallet connection (such as DEX, DeFi protocols, NFT issuance sites, etc.), you can connect your Clutch wallet through the DApp Browser to use the DApp.

Please refer to the following instructions for detailed usage.

> **DApp**\
> \
> DApp stands for Decentralized Application, which refers to an application integrated with smart contracts. Although servers play many roles, Web3 applications that include smart contracts are generally called DApps. DeFi protocols such as DEX or Lending Protocol, NFT markets such as Opensea, and NFT publishing sites are commonly referred to as DApps.

<figure><img src="/files/qAGfvFzkImbLukqGxbuD" alt=""><figcaption></figcaption></figure>

① Select the globe image in the Wallet tab of Clutch.

② Click on the Ethereum image to choose the network as either Ethereum or BNB Smart Chain.

<figure><img src="/files/2OmZHGXRJhR3hskqaHRB" alt=""><figcaption></figcaption></figure>

③ If you enter the URL you want to go to and click confirm, a warning message will appear.

④ Click **I got it** in the warning message to go to the corresponding URL.

⑤ If you leave the URL, your search history will be recorded in the History.


# Security and Account

## Sign up & Recovery Process

<figure><img src="/files/G2KBrmvfGobomAxW9UhF" alt=""><figcaption></figcaption></figure>

When the wallet address is created, the private key is stored in My Device (in the case of the clutch, it is a mobile phone). If you delete the clutch or move the device, the private key will be deleted.

Having a private key on your phone means that you haven't deleted the clutch yet or moved your device. In this case, you can access the address of the clutch by entering the pin number you set.

Missing the private key means that the clutch has been deleted or the device has been moved. In this case, you can access the clutch address in two ways.

One way is to store and enter the Seed Phrase. This method is the most reliable and recommended. If you use Seed Phrase, you can recover the private key of your device. So you can access the clutch address.

Another way is to log in with your Google ID. This method is not recommended as it may cause errors. You can recover the private key of your device by logging in with your Google ID. So you can access the clutch address.

If you access the clutch address using the Seed Phrase or Google ID login method, you must set the Pin Number again.

## Three Elements of Wallet Security

{% hint style="info" %}
**Private Key** is responsible for giving permission to access the wallet address. \
So, if you have your **Private Key**, you can open your wallet. \
In addition, since the **Private Key** consists of random numbers and letters, you can keep your wallet safe.
{% endhint %}

{% hint style="info" %}
**PIN number** is used to avoid hassle each time you access your wallet.
{% endhint %}

{% hint style="info" %}
**Seed Phrase** is used to safely recover your wallet.
{% endhint %}

### Private Key

<figure><img src="/files/02D52n4F9ZufgjVBY8FY" alt=""><figcaption></figcaption></figure>

If you click on the gear icon in the Wallet, you can enter the Manage window.\
By clicking on the Private Key in the Manage window, you can check the Private Key of your wallet.\
To check the Private Key, please click on Confirm in Attention.

<figure><img src="/files/fffySsHQcK7D3kv4lOKw" alt=""><figcaption></figcaption></figure>

If you enter the **PIN number** you set up before, you can **check the Private Key of your wallet**.\
If you want to copy this Private Key, please click **Copy**.

### PIN number

<figure><img src="/files/GNAzbSgAZvRpvXtK1DIL" alt=""><figcaption></figcaption></figure>

If you want to change your PIN number, click **My Info > Account > Reset PIN number** and select the social media platform you used to log in before.

![](/files/LKBxVN7uX2rLeTwabrM9)

Alternatively, you can click on <mark style="color:blue;">**Forgot PIN number**</mark> in the PIN number input field.

<figure><img src="/files/NJdcVKhnUlHuCDCB3qdV" alt=""><figcaption></figcaption></figure>

Select the account you logged in to and re-register your PIN number.

### Seed Phrase

<figure><img src="/files/jywJ2wPrsLdk9YMDczc3" alt=""><figcaption></figcaption></figure>

If you click on the **gear icon in the Wallet**, you can access the Manage window.\
If you **click on the Seed Phrase** in the Manage window, you can verify the Seed Phrase for your wallet.\
To verify the Seed Phrase, please **click on Confirm** in the Attention section.

<figure><img src="/files/Gbk8MeNFVvOqppYfguxH" alt=""><figcaption></figcaption></figure>

If you enter the **PIN number you have set up**, you can **check your wallet's Seed Phrase**.\
If you want to copy this Seed Phrase, please click <mark style="color:blue;">**Copy to Clipboard**</mark>.

## Wallet Management

### Recover Wallet

<figure><img src="/files/oatptq5ELmClEyh8Mnqk" alt=""><figcaption></figcaption></figure>

**If you want to retrieve the wallet you used before, you can use the Recover Wallet feature.**

**Click the gear icon of the Wallet** to access the Manage window.

By **clicking the Recover Walle**t in the Manage window, you can retrieve the wallet you used before.

<mark style="color:red;">**Once you complete the Recover Wallet process, the wallet you used before will overwrite the current wallet you are using. Please note that if you do not recover the Seed Phrase of the wallet you are currently using, you will not be able to recover current wallet.**</mark>

When you **press Recover**, the following process will proceed.

<figure><img src="/files/j1VP7r1lBagIf0E52VDn" alt=""><figcaption></figcaption></figure>

**If you enter the 24 Seed Phrase of the wallet you were previously using and then enter Recover, the wallet you were previously using will be restored.**

You can click on the eye to check the words you wrote.

**Please note that the Recover Wallet function only supports Seed Phrases consisting of 24 words.**

<figure><img src="/files/Wq2D1s6N8cHviD9ziseO" alt=""><figcaption></figcaption></figure>

If you enter the **PIN number you previously set**, your **wallet that you used to use before will be restored.**

### Change Wallet

<figure><img src="/files/2fZ8qOfXhD8Yae0kcgA6" alt=""><figcaption></figcaption></figure>

In previous versions of Clutch, multiple wallet addresses could be created per network. However, with the Clutch redesign, only one wallet address per network can be used, and this will be maintained in the future.

To assist users who created multiple wallet addresses in previous versions of Clutch, the Change Wallet feature was created. With the Change Wallet feature, users can **merge multiple wallets into one**.

Click on the **gear icon of the wallet** to access the Manage window.

Click on **Change Wallet** in the Manage window to merge multiple wallets into one.

The selection range for the number of wallets is from 1 to 99, but **selecting 1 is recommended for smooth use of Clutch in the future.**

After selecting the number of wallets, simply press **Change**. Then, the multiple wallets will be merged into one.

Users do not have to worry about token loss because tokens that were previously scattered across multiple wallets will be merged into one wallet.

## Account Management

### Log Out

<figure><img src="/files/Cx7ApiTbvfVcCEkkFzuS" alt=""><figcaption></figcaption></figure>

If you go to My Info > Account, you will see the Log Out button. You can log out by clicking on the Log Out button.

### Delete Account

<figure><img src="/files/mRMXdpqNhzpIwVQdmyKN" alt=""><figcaption></figcaption></figure>

If you go to My Info > Account, there is a Delete Account button. Pressing the Delete Account button allows you to delete your account.


# Incentive Protocol Guide

Coming Soon!


# Financing Protocol Guide

Coming Soon!


# MVL Bridge

#### 1. Visit the [**MVL Fi website**](https://mvlfi.mvlchain.io/en).

<figure><img src="/files/ONsCzCfyS8Kkj7tGHxhV" alt=""><figcaption></figcaption></figure>

#### 2. Connect your wallet and approve the connection in your wallet.

<div><figure><img src="/files/vaGBPeuoDANqrsDBttrK" alt=""><figcaption></figcaption></figure> <figure><img src="/files/adrZbZ8Vl29S10QyIwOT" alt=""><figcaption></figcaption></figure></div>

#### 3. Select the source and destination networks.

* ETH → BSC
* BSC → ETH

<figure><img src="/files/U5wyjkAbHvz6DallO6cm" alt=""><figcaption></figcaption></figure>

#### 4. Enter the amount of MVL tokens you want to bridge and click “Next Step”

<figure><img src="/files/V2Y04SXu76J0Ce66ndnO" alt=""><figcaption></figcaption></figure>

#### 5. Click “Approve” to allow the bridge contract to access your tokens.

* This gives permission for the specified MVL amount to be used in the transaction.

<figure><img src="/files/cuUWMxG3lZ5cH2OFrBwM" alt="" width="540"><figcaption></figcaption></figure>

#### 6. Review the network fee and click “Confirm” in your wallet.

* ⚠️ <mark style="color:red;">Gas fees may vary depending on network traffic.</mark>

<figure><img src="/files/HW3xanwAJedZpemIELk2" alt="" width="361"><figcaption></figcaption></figure>

#### 7. After approval, click “Start.”

<figure><img src="/files/RGllDQjLLu9rrbTNu7GN" alt="" width="513"><figcaption></figcaption></figure>

* A pop-up will appear in your wallet.
* ⚠️ <mark style="color:red;">Review the network fee and confirm the transaction.</mark>
* <mark style="color:red;">⚠️ Gas fees may vary depending on network traffic.</mark>

<div><figure><img src="/files/jEuf6Ldb8hjUZN9Cnqza" alt=""><figcaption></figcaption></figure> <figure><img src="/files/0yn4Nql2Tg9zQC10gpBc" alt=""><figcaption></figcaption></figure></div>

#### 8. Once the transaction is completed, the bridge process will begin.

* This may take up to 6 minutes.

<figure><img src="/files/f33424dki89gtQcHShRR" alt="" width="560"><figcaption></figcaption></figure>

#### 9. When completed, the screen will display “Bridge Completed!”

* You can click the LayerZero Scan link to view transaction details.

<figure><img src="/files/0GjAUuvFDevd2kIlbCDB" alt="" width="510"><figcaption></figcaption></figure>

#### 10. Check your wallet

* Switch to the Binance Smart Chain network.
* Your bridged bMVL tokens will appear in your wallet.

<figure><img src="/files/ACRBS2TUMps7pktRV3Op" alt="" width="380"><figcaption></figcaption></figure>


# Token Use Cases


# Buy Products

<figure><img src="/files/mdcZ0SY0P67htxeFvLQQ" alt=""><figcaption></figcaption></figure>

You can purchase TADA ride coupons with Clutch points, MVP, through the Shop function within the Clutch app, MVL's own cryptocurrency wallet.

Purchasing TADA ride coupons is available now through either exchanging MVL tokens for MVP or earning MVP through mission completion in Clutch. TADA ride coupons are presently offered in values that vary from $1 to $5. Once purchased, the coupons are instantly redeemable on TADA app for ride-hailing services in Cambodia.

With this initiative, TADA and MVL are set to strengthen their direct collaboration. MVL plans to enhance the utility of MVL tokens in the realm of mobility services and also establish a deeper connection between the real economy, such as TADA service, and the MVL token economy.

We look forward to your continued interest and engagement in the Shop feature of Clutch, MVL’s own wallet, and its upcoming developments.

Please see below for detailed usage instructions.

{% embed url="<https://docs.mvlchain.io/user-guide/clutch-wallet-guide/main-function-and-benefit#id-2-shop>" %}


# Governance

## MVL Governance User Guide

In the future, the governance voting of the MVL ecosystem will be conducted using Snapshot, the most popular decentralized voting system.

<details>

<summary>What is a Snapshot?</summary>

Snapshot is a widely used governance tool in the majority of blockchain projects, including DAOs, DeFi protocols, and NFT communities. In particular, it allows anyone to participate in voting easily and without any additional gas fees, simply by signing in with a blockchain wallet that contains the assets for voting.&#x20;

</details>

The MVL Snapshot site is as follows.&#x20;

{% embed url="<https://snapshot.org/#/mvlchain.eth>" %}

Participation in the MVL community and governance voting is only available to the following members:

1. **MVL token holders on the Ethereum Mainnet network**
2. **bMVL token holders on the Binance Smart Chain Mainnet network**
3. **DEMO NFT holders**

In this case, **the more MVL, bMVL, and NFT holdings in your wallet, the greater impact you can have on the voting.**

Once the governance voting is launched within the MVL Snapshot community, you can enter the desired proposal and vote on the desired items.

The results of the voting will be reflected in the major progress of the project.

<figure><img src="/files/UvroxCDj4td3onNkMQJV" alt=""><figcaption></figcaption></figure>

If you search for MVL in the snapshot, you will find the MVL project. Please click the "Join" button here.

{% embed url="<https://snapshot.org/#/?q=mvl>" %}

<figure><img src="/files/hEmAhB3QSdLDRvIUXkVZ" alt=""><figcaption></figcaption></figure>

Please select the desired wallet and connect it. \
**You need to connect the wallet in order to participate in governance voting.**

<figure><img src="/files/Jsl8LsA6cEOTBbQAEMpj" alt=""><figcaption></figcaption></figure>

When you connect your wallet, the Join will be changed to "Joined".

<figure><img src="/files/mL5QIZ0QjYtfhDZBzGCH" alt=""><figcaption></figcaption></figure>

If you just want to check if there is any vote, please click on the MVL logo\~

<figure><img src="/files/nv2duUCe93FAMXAdiMaz" alt=""><figcaption></figcaption></figure>

If you click on the logo and enter, you can see all the proposals that have been made so far.

<figure><img src="/files/CwB0whbrFWAHRT4na5CO" alt=""><figcaption></figcaption></figure>

Please enter the proposal that you like among the ongoing proposals. \
After reading the description of the proposal, please vote for the desired item.

<figure><img src="/files/E9nAJBRblmkFjham3Tnd" alt=""><figcaption></figcaption></figure>

When you confirm your selected option and click the confirm button, it will be reflected in the voting results.

If you have any further questions about how to use snapshots, please refer to the official snapshot documentation.

{% embed url="<https://docs.snapshot.org/faq>" %}


# MVL Staking


# MUST READ

## MVL Fi terms and conditions

By using the MVL Fi Staking Product, you confirm that you have read, understood, and accepted all the terms and conditions outlined in this MVL Fi Staking Terms & Conditions (referred to as "T\&C") and the associated documents. You acknowledge and agree that you are bound by and will comply with the terms stated in this T\&C and the Documents. If you do not agree with these terms or the documents in their entirety, please discontinue the use of any services provided by MVL Pte. Ltd., including the MVL Fi Staking Product, immediately.

The terms and conditions in this T\&C supplement the MVL Terms of Service, Disclaimer, FAQ, and any Agreements, terms, policies, or related trading services published by MVL Pte. ltd when needed(collectively referred to as the "documents").

For clarity, the T\&C and the documents may be revised and amended as necessary whenever we need. By using any services provided by MVL Pte. Ltd., you agree to accept all terms in all updated versions of this T\&C and the documents. It is strongly recommended that you read all terms in this T\&C and the documents before using any services of MVL.

&#x20;

1. **MVL Fi staking product**

MVL Fi Staking Product is a service that provides you with a platform to engage in decentralized finance (DeFi) projects. MVL Fi will allocate interest income from Staking Products according to platform rules. In consideration of these DeFi services, MVL Fi may charge Fees and a margin.

By using MVL Fi Staking Product, you agree and acknowledge that:

* MVL Fi has the authority to stake your assets into smart contracts owned by relevant blockchain networks or protocols.
* Once staked, MVL Fi may not have legal or regulatory obligations toward your staked assets.

When using MVL Fi Staking Product, you will agree to terms provided by MVL Fi, including:

* Staking duration;
* Relevant blockchain networks or protocols;
* Staked assets;
* Estimated rewards;
* Reward calculation period;
* Flexible Redemption availability;
* Unstake availability with possible loss;
* Token types for rewards;
* Settlement timeline;
* Other specifics as outlined in each staking product description on the MVL Fi website.

For clarity:

* The estimated rewards shall be accrued and calculated based on the number of elapsed days over a 365-day year.&#x20;
* The estimated rewards will be shown on the MVL Fi’s open pool for each staking product and may change periodically and from time to time.
* For Flexible staking, the estimated rewards will be received with your staked assets every time you withdraw the staked assets.
* For Fixed staking, the estimated rewards will be lost when you withdraw the staked assets before the maturity date ends.
* MVL Fi does not guarantee receipt of estimated rewards shown at Staking. Representations regarding potential returns are estimates, not guarantees, based on rates of relevant blockchain networks and protocols, which may vary substantially over time and differ from those shown on respective network or protocol websites or other sources.

2. **Risks & Liabilities**

When utilizing the MVL Fi Staking Product, it is essential to acknowledge the inherent risks associated with digital asset investments and proceed with caution. You affirm that all investments made through MVL Fi reflect your genuine investment intentions, and you unequivocally accept the potential risks and rewards of your investment decisions.

In addition to the risks outlined in the documents, you may also be exposed to the following risks and liabilities by using MVL Fi Staking Product:\
\- The Digital Assets you subscribe to may be lost due to various reasons: (a) exploitation or hacking of smart contracts on the relevant blockchain network and protocol, poor economic models, or any cybersecurity risks; (b) suspension, discontinuation, or termination of business by the relevant blockchain network and protocol; (c) extreme volatility in token prices on the relevant blockchain network and protocol, significantly impacting estimated rewards.

Your staked assets are directly placed into the relevant blockchain network and protocol, which are not owned or controlled by MVL Fi. MVL Fi cannot guarantee the safekeeping of such staked assets or the estimated rewards.

There are inherent risks associated with the relevant blockchain network and protocol, including but not limited to smart contract rules, protocol vulnerabilities, and the utilization of your staked assets.

Under no circumstances shall MVL Fi, its affiliates, or operators of MVL Fi Staking Product be responsible or liable to you or any other person or entity for any direct or indirect losses (including loss of profits, business, or opportunities), damages, or costs arising from or in connection with any of the identified risks. This limitation of liability supplements those contained in the documents.

3. **MVL Fi’s Rights and Controls**

By using the MVL Fi Staking Product, you agree that MVL Fi will reasonably allocate and distribute interest income at its discretion.

MVL Fi reserves the right to temporarily pause or terminate the MVL Fi Staking Service and may suspend or discontinue the service in its entirety as necessary, without reason or prior notice.

MVL Fi may stop, suspend, or cancel your access to all MVL Fi services or MVL Fi platform, impose restrictions on your wallet addresses, suspend or terminate your participation in the MVL Fi Staking Product, or delay certain transactions under the following circumstances:\
`1)` You fail to provide additional information requested by MVL Fi to verify your identity or the source of your funds.\
`2)` You fail to comply with the laws of your country or your asset sources do not meet MVL Fi's legal and compliance standards.\
`3)` MVL Fi is required to comply with a court order or any Applicable Laws (including anti-money laundering or sanctions laws).\
`4)` MVL Fi is required to comply with a directive or instruction from a governmental body or agency.\
`5)` MVL Fi reasonably determines that the information you have provided is inaccurate, untruthful, outdated, or incomplete.\
`6)` You do not provide additional requested information to MVL Fi in a satisfactory or timely manner.\
`7)` MVL Fi has reason to believe that you may violate any laws, rules, or regulations under Applicable Laws.

The MVL Fi Staking Product may experience delays, suspensions, terminations, or deviations due to network latency, computer system failures, or other potential force majeure events. While MVL Fi strives to maintain stable and effective service operations, no guarantees are provided, and MVL Fi will not be held accountable for any unintended consequences resulting from such occurrences.

MVL Fi reserves the right to amend this Agreement periodically, with such modifications disclosed through website announcements. No additional notice will be provided. By continuing to use the MVL Fi Staking Product, you are deemed to have accepted and agreed to the modified terms.

\
\
4\. **General Terms**

* All terms and references used in this T\&C shall bear the same meaning and interpretation as in the documents unless specifically defined otherwise in this T\&C.
* These T\&Cs should be read in conjunction with the documents. In the event of any conflict or inconsistency between this T\&C and the documents, the order of precedence shall be as follows: first this T\&C, and then the documents.
* In the event of any conflict or inconsistency between this T\&C and the specifics outlined in each staking product description, the details provided in each staking product description shall take precedence.
* The T\&Cs may exist in multiple language versions. In cases of discrepancy, the Korean version shall prevail.

*Disclaimer:*\
*The content provided on this website is for informational purposes only and should not be considered investment advice. It is not intended to substitute professional financial advice, consultation, or recommendations. Users are strongly encouraged to consult with a qualified financial advisor before making any investment decisions. The website owners and authors do not accept any liability for loss or damage resulting from reliance on the information provided. All investments involve risks, and past performance is not indicative of future results.*


# Background

MVL is building **'Web3 Mobility Ecosystem'.**

As the first stage, MVL has established a solid business foundation for the implementation of Web3 mobility ecosystem.

For the past few years, MVL has successfully operated ‘**TADA**’, a fast-growing ride-hailing service in Southeast Asia, and ‘**ONiON Mobility**’, which develops and operates electric vehicle production and energy infrastructure.

Currently, MVL is in the process of connecting the mobility business and the blockchain ecosystem. Accordingly, the mobility incentive system that incorporates the bMVL token is being applied step by step from TADA Cambodia through owned blockchain wallet, Clutch.

From 2023, MVL plans to further expand the application of the mobility incentive system and Clutch wallet. Therefore, bMVL token transactions in Southeast Asia are expected to increase steadily. In preparation for this, it is necessary to grow the MVL blockchain infrastructure, such as securing the on-chain liquidity of the bMVL token.

For the growth of the MVL blockchain ecosystem, MVL launches **MVL Staking.**

MVL Staking is a basic service that MVL holders can directly or indirectly contribute to support convenient and safe landing of Web3 and better use of MVL token for mobility service users in Southeast Asia, such as drivers and riders.

MVL holders can contribute to the MVL mobility ecosystem in the following forms, and incentive will be given accordingly.

* **LP Staking (Farms)**
  1. Contribute for providing liquidity of bMVL tokens in the BNB network where MVL mobility incentives works
  2. Contribute for providing liquidity of MVL tokens in the ETH network
* **Single Staking (Pools)**
  * Contribute to pre-work for side-chains and Mainnet preparations to be considered when on-chain transactions increase

The details of each service will be explained in the next chapter.


# Staking Farms

## Basic Concept

Depositing two pairs of tokens in the AMM DEX to form a sufficient liquidity pool for token trading is called Liquidity Providing.

DEX provides LP tokens to liquidity providers as proof of deposit.

People who hold LP tokens, that is, liquidity-providing participants, can earn a certain amount of commission when a transaction occurs in the pool, but may incur impermanent losses due to the token price changes.

Sufficient liquidity providing is a very important aspect underlying the MVL Incentive Protocol, where active operation of MVL(ERC20) and bMVL(BEP20) tokens on-chain is important. Therefore, the concept of LP Staking is to provide rewards to those who participate in liquidity providing.

See below for more detailed concepts.

## Details

### DEX(Decentrallized Exchange) & AMM(Automatic Market Maker)

#### What is DEX(Decentrallized Exchange)?

It is a decentralized token exchange (DEX) that operates on the blockchain with smart contracts, in contrast to centralized exchanges (CEX) such as Binance and Upbit.

There are two main types of DEX: Order book type DEX and AMM type DEX. Order book DEXs include dYdX, and AMM DEXs include Uniswap, Sushiswap, Pancakeswap, and Biswap.

Among them, the method used for trading in Clutch wallet refers to AMM DEX, and we have signed a partnership with Biswap DEX, which is rapidly growing in BNB Chain, to provide liquidity.

#### What is AMM(Automatic Market Maker)?

Unlike the order book method in which trades are concluded by buying and selling orders on the order book, it is a method of trading with AMM through a pre-configured liquidity pool.

* This is an algorithm that works by depositing two types of token assets in a contract in advance (liquidity providing), and putting one token into the corresponding liquidity pool, and the other token coming out.

In the most basic and popular form of AMM, CPMM (Constant-Product Market Maker) AMM works by making the product of the quantity of two tokens deposited in the contract constant.

```
X*Y=k, (X,Y is the number of tokens, k is a constant)
```

* As an example of MVL, Biswap DEX currently provides a liquidity pool consisting of a BNB-bMVL token pair, and in Clutch wallet, you can use this pool to onchain trade such as sending BNB Coin and receiving bMVL tokens.

The AMM method has the advantage of always providing liquidity regardless of the token's transaction volume or the size of the liquidity pool, and that transactions can be concluded immediately.

However, it also has the following limitations.

* **Loss by trade volume (Price Impact)**

  When the size of the liquidity pool is small, price impact (slippage) occurs during trading. → It can be solved by **inducing sufficient liquidity** providing to market participants.
* **Impermanent Loss of Liquidity Providers (Imperment Loss)**

  If the price of the tokens, which composed the liquidity pool, changes, the amount of tokens may be lost. → It can be solved by **providing additional compensation** in addition to the fees to liquidity providers.

It is important for MVL holders to participate in liquidity providing for better operation of the Mobility Incentive Protocol that the MVL team is trying to implement. Therefore, MVL plans to provide LP Staking service.

### The Importance of Liquidity Providing

#### What is Price Impact in AMM DEX?

Swapping two tokens on the AMM DEX will result in a price difference from the market price. This is called Price Impact or Slippage.

As mentioned earlier, AMM transactions work in such a way that the product of the two tokens deposited in the contract is always constant.

```
X*Y=k, (X,Y is the number of tokens, k is a constant)
```

However, according to this formula, when you trade, a price difference from the market price occurs, resulting in a certain amount of loss.

Let's look at the following example. Assuming the current price of Ethereum is 2,000 USDT,

| Situation      | ETH quantity | USDT quantity | ETH x USDT = k | Execution Price | Price Impact |
| -------------- | ------------ | ------------- | -------------- | --------------- | ------------ |
| Current Status | 10           | 20,000        | 200,000        | -               | -            |
| Sell ​​1 ETH   | 11           | 18,181.8      | 200,000        | 1,818.2 USDT    | 181.8        |
| Buy 1 ETH      | 9            | 22,222.2      | 200,000        | 2,222.2 USDT    | 222.2        |

In the example above, if you sell 1 ETH, AMM will put 1 ETH into the pool and take out the corresponding USDT, and if you buy 1 ETH, you will put USDT in and take out ETH

At this time, the product of the ETH quantity and the USDT quantity remains constant at 200,000.

However, the actual contract price is different from the Ethereum price of 2,000 USDT. If you sell ETH, you will receive 181.8 USDT less, and if you buy ETH, you will buy with 222.2 USDT more.

As an example, the price impact is the loss incurred by the token trader due to the AMM algorithm.

#### The Importance of Liquidity Providing

Sufficient liquidity providing is critical to being able to absorb sufficient transaction volume on-chain.

The larger the amount of tokens pre-deposited in the liquidity pool on AMM DEX, the smaller the price impact when trading the same amount of tokens.

This makes it easier to trade tokens and reduces price volatility of tokens even when trading large amounts of tokens at one time.

As a result, many projects provide various incentives for participants to supply more token liquidity. The most representative method is LP Staking.

#### What is LP Token?

If you add liquidity to the liquidity pool of AMM DEX, you will receive a certain amount of LP tokens.

LP tokens are a proof that you have supplied tokens to a certain liquidity pool.

LP token holders can dismantle them and withdraw the tokens deposited in the liquidity pool at any time. At this time, the fees earned through the liquidity pool can also be recovered together.

### Precautions when liquidity providing - Impermanent Loss

#### What is Impermanent Loss?

Generally when liquidity is supplied to DEXs with LPs, impermanent losses are incurred.

Impermanent loss refers to the difference in asset value when the token price fluctuates as:

* when two tokens are bundled in LP
* simply kept as a single token

The impermanent loss occurs as the change in relative value between two assets increases.

There is no impermanent loss occurs if the relative value rises and falls at the same rate.

For a detailed explanation of the concept of impermanent loss, please refer to the document below.

* **Impermanent Loss**

  [***https://academy.binance.com/ko/articles/impermanent-loss-explained/***](https://academy.binance.com/ko/articles/impermanent-loss-explained/)
* **Impermanent Loss Calculator**

  [***https://dailydefi.org/tools/impermanent-loss-calculator/***](https://dailydefi.org/tools/impermanent-loss-calculator/)

### Need to introduce LP Staking

Liquidity providing from multiple participants is essential for MVL's Web3 project operation.

In order to provide incentives beyond impermanent loss to the liquidity providers, MVL team proceeds with LP Staking.

LP Staking is when a liquidity provider deposits LP tokens, which are the tokens for liquidity providing, in the LP Staking contract, the incentive is given in proportion to the deposit amount and deposit period.

## LP Staking (BNB-bMVL LP)

### Basics

When the MVL Incentive Protocol is officially launched, the users who achieve specific missions in Web2 services such as TADA can receive MVL as a reward. The MVL received at this time can be exchanged for real bMVL tokens at any time in the Clutch wallet. After that, the users can store and use bMVL tokens in the Clutch wallet, and also can trade bMVL tokens if necessary.

Transactions of bMVL tokens in Clutch Wallet hold on the BNB Blockchain Network. At this time, the liquidity providing for the transaction is carried out using Biswap DEX's BNB-bMVL Liquidity Pool.

From now on, providing sufficient liquidity for stable exchange and transactions of bMVL tokens is required. To encourage the participation of many holders, MVL Fi will provide BNB-bMVL LP Staking service.

### BNB-bMVL LP Staking Structure

BNB-bMVL LP Staking will follow the below structure.

<figure><img src="/files/aES7ONzhfOIyLn3eYRzR" alt=""><figcaption></figcaption></figure>

* Liquidity providing stage

  Provide liquidity to the BNB-bMVL pair on the Biswap DEX and receive BNB-bMVL LP tokens.
* LP Staking stage

  Deposit BNB-bMVL LP tokens in MVL Fi Farm and receive bMVL as an incentive according to the amount and period of deposit.

## LP Staking (ETH-MVL LP)

### Basics

Transactions of MVL tokens in Clutch Wallet hold on the ETH Blockchain Network. At this time, the liquidity providing for the transaction is carried out using Uniswap DEX's ETH-MVL Liquidity Pool.

From now on, providing sufficient liquidity for stable exchange and transactions of MVL tokens is required. To encourage the participation of many holders, MVL Fi will provide ETH-MVL LP Staking service.

### ETH-MVL LP Staking Structure

ETH-MVL LP Staking will follow the below structure.

<figure><img src="/files/bmf6inqGxp7lBl93QHQe" alt=""><figcaption></figcaption></figure>

* Liquidity providing stage

  Provide liquidity to the ETH-MVL pair on the Uniswap DEX and receive ETH-MVL LP tokens.
* LP Staking stage

  Deposit ETH-MVL LP tokens in MVL Fi Farms and receive MVL as an incentive according to the amount and period of deposit.

## **LP Staking Spec.**

**BNB-bMVL LP Token Address**

{% embed url="<https://bscscan.com/token/0xe01eda650632986b2e5b8167f629d7c7c759d4fd>" %}

**ETH-MVL LP Token Address**

{% embed url="<https://etherscan.io/token/0x3c8ad34155b83ddb7f43119a19503d34ed2b5c7a>" %}

**BNB-bMVL LP Token (Add Liquidity)**

* Add Liquidity on MVL Fi

{% embed url="<https://mvlfi.mvlchain.io/liquidity>" %}

* Add Liquidity on Biswap

{% embed url="<https://biswap.org/add/0x5f588EfAf8eB57e3837486e834fC5a4E07768D98/ETH>" %}

**ETH-MVL LP Token (Add Liquidity)**

* Add Liquidity on MVL Fi

{% embed url="<https://mvlfi.mvlchain.io/liquidity>" %}

* Add Liquidity on Uniswap

{% embed url="<https://app.uniswap.org/#/add/v2/0xa849eaae994fb86afa73382e9bd88c2b6b18dc71/ETH>" %}

**BNB-bMVL Liquidity Pool Monitoring**

* Dex.guru

{% embed url="<https://dex.guru/token/0xe01eda650632986b2e5b8167f629d7c7c759d4fd-bsc>" %}

**ETH-MVL Liquidity Pool Monitoring**

* Dex.guru

{% embed url="<https://dex.guru/token/0x3c8ad34155b83ddb7f43119a19503d34ed2b5c7a-eth>" %}

* Etherscan

{% embed url="<https://etherscan.io/dex/uniswapv2/0x3c8ad34155b83ddb7f43119a19503d34ed2b5c7a>" %}

**BNB-bMVL LP Staking**

* LP Staking on MVL Fi

{% embed url="<https://mvlfi.mvlchain.io/farms>" %}

* 1st LP Staking Contract (22.12.21\~23.12.23)

{% embed url="<https://bscscan.com/address/0xC948622856a40Efd50d74BA6e3624FE7100A95Ef>" %}

* 2nd LP Staking Contract (23.12.21\~24.12.21)

{% embed url="<https://bscscan.com/address/0xc81632E77Ea7262137EA815DC8BA7a47A5a01ab1>" %}

* 3rd LP Staking Contract (24.12.23\~)

{% embed url="<https://bscscan.com/address/0xDD71D03d70848F79a1C6df6eB0f6623236BBD85B>" %}

**ETH-MVL LP Staking**

* LP Staking on MVL Fi

{% embed url="<https://mvlfi.mvlchain.io/farms>" %}

* 1st LP Staking Contract (23.02.22\~11.22)

{% embed url="<https://etherscan.io/address/0x34fDA56b5c9Aa52DF9fa51b01666683b7b1434d6>" %}

* 2nd LP Staking Contract (23.11.24\~24.11.26)&#x20;

{% embed url="<https://etherscan.io/address/0xC0496C7B9D7150A81bD6fF1d015e95668BD4abeD>" %}

* 3rd LP Staking Contract (24.11.28\~)

{% embed url="<https://etherscan.io/address/0xf7EaeceBd69430b31E711df8BD9DD215a49B6d80>" %}


# Staking Pools

## B**asic Concept**

Staking Pools is a bMVL, MVL single token deposit service that will be conducted on the MVL Fi.

The main purpose of the service is to:

* Encourage ERC20 MVL token holders to switch to BEP20 bMVL token network to activate bMVL liquidity providing (BNB-bMVL LP creation) participation
* In the future, in addition to the MVL Bridge, provide and compensate network conversion liquidity to MultiChain DEX that supports ERC20 MVL ↔ BEP20 bMVL network conversion (to be introduced later)
* Considering the activation stage of bMVL, MVL transactions according to the step-by-step connecting between mobility services and blockchains, pre-checking specifications such as mainnet and side chains to be prepared in the future

## Single Staking (bMVL)

### **Basics**

* MVL Fi's Bridge function converts ERC20 MVL tokens into BEP20 bMVL tokens and deposits them in MVL Fi's Staking Pools, bMVL is paid as rewards according to the amount and period of deposit.

## Single Staking (MVL)

### **Basics**

* If you deposit MVL in MVL Fi's Staking Pools, MVL is paid as rewards according to the amount and period of deposit.

## **Single Staking Spec.**

**bMVL Token Address**

{% embed url="<https://bscscan.com/token/0x5f588efaf8eb57e3837486e834fc5a4e07768d98>" %}

**MVL Token Address**

{% embed url="<https://etherscan.io/token/0xa849eaae994fb86afa73382e9bd88c2b6b18dc71>" %}

**MVL ↔ bMVL Bridge**

* Bridge on MVL Fi

{% embed url="<https://mvlfi.mvlchain.io/>" %}

**bMVL Staking**

* Single Staking on MVL Fi

{% embed url="<https://mvlfi.mvlchain.io/pools>" %}

* 1st Single Staking Contract (22.12.01\~23.12.03)

{% embed url="<https://bscscan.com/address/0x0A3AC95445F3e02cC80267f02B9669ed75b71043>" %}

* 2nd Single Staking Contract (23.12.05\~24.12.07)

{% embed url="<https://bscscan.com/address/0x121E257f4A6fa763012eF0b6b6f68905F6D4b721>" %}

* 3rd Single Staking Contract (24.12.09\~)

{% embed url="<https://bscscan.com/address/0x8CeB404D939c293ad070A5B33fc197df3aF1AbB7>" %}

* Fixed Single Staking Contract (24.03.08\~24.06.06)

{% embed url="<https://bscscan.com/address/0x5a54ec1e6da36f19a806a9168fd4270fef697354>" %}

**MVL Staking**

* Single Staking on MVL Fi

{% embed url="<https://mvlfi.mvlchain.io/pools>" %}

* 1st Single Staking Contract (23.11.24\~24.11.26)

{% embed url="<https://etherscan.io/address/0x92Ec27935cE7b523cc70C2fFaf0728F1Fa6425dF>" %}

* 2nd Single Staking Contract (24.11.28\~)

{% embed url="<https://etherscan.io/address/0x742AB08EEc9f940beF657394720090F163f535Cc>" %}

* 1st Fixed Single Staking Contract (24.03.08\~24.06.06)

{% embed url="<https://etherscan.io/address/0x1BdFAa7aFAa454F491b5de40d24d681F0F3Adb1A>" %}

* 2nd Fixed Single Staking Contract (24.06.04\~)

{% embed url="<https://etherscan.io/address/0xB87A16fD301b3CFed03982D99840970328d185aD>" %}


# User Guide


# MVL Bridge


# Must Read Before Using the MVL Bridge

## **The purpose**

MVL is going to establish various blockchain services in Binance Smart Chain system. The MVL Bridge will allow MVL tokens be transferred from Ethereum network to Binance Smart Chain.

## Ratio

<figure><img src="/files/9UrvwGYnvTsef9eofYRl" alt=""><figcaption></figcaption></figure>

## Basic Terminology

![](/files/4yK5UX4hxkEnjmNMD4TT)

**MetaMask**&#x20;

MetaMask is an open source Ethereum wallet, and it supports all ERC20 tokens in Ethereum blockchain and network. Metamask could be used in an app, but please download web extension program for smooth utilization of the MVL Bridge. As of now, MetaMask supports browsers including Chrome, Firefox, Brave.

![](/files/UIINfDPZWkoAwx1Qd5NV)

**Binance Smart Chain(BSC)**

Binance Smart Chain, independent from the existing Binance, was newly developed to support and supplement smart contract dApp ecosystem. Binance Smart Chain is compatible with Ethereum Virtual Machine(EVM), and can support Ethereum ecosystem’s tools and dApps. MetaMask can be set to work in Binance Smart Chain, though it is an Ethereum wallet.

![](/files/02nnj95KdG9e7qejpk7k)

**MVL Bridge**&#x20;

MVL Bridge is a service supporting a cross-chain transfer of MVL ERC20 and MVL BEP20.


# Creating a MetaMask Wallet

## Installing an extension program

<figure><img src="/files/OYi6L57vRPAxzcBJGEtn" alt=""><figcaption></figcaption></figure>

① Install <mark style="color:blue;">**MetaMask**</mark> in Chrome Web Store.

## Creating a Wallet

![](/files/lr4ET5uhFXA2LK78hl5U)

① Click on “get started.”

<figure><img src="/files/vuWlF7PhfDj1CyqXuElb" alt=""><figcaption></figcaption></figure>

② Click on “Agree.”

<figure><img src="/files/T4m0y6JmXit9YAVQ8waE" alt=""><figcaption></figcaption></figure>

③ Click on “create a wallet.”

<mark style="color:red;">**※ Import a MetaMask wallet if you already have one.**</mark>

![](/files/oTS7Dj4mUFNSCvZ84GMg)

④ Type in password at New password and Confirm Password fields.

⑤ Check on terms of use and click on “produce”

## Checking Secret Recovery Phrase

<figure><img src="/files/CHGREnrUo9J26CDWXSq6" alt=""><figcaption></figcaption></figure>

① Click on “next.”

<figure><img src="/files/LJ1M9o5Ruj0xN5kxHqLV" alt=""><figcaption></figcaption></figure>

② Click on the dark area which says "CLICK HERE TO REVEAL THE SECRET WORD".

<figure><img src="/files/SYM5b19qcUIeIj67lXQg" alt=""><figcaption></figcaption></figure>

③ Please memo a secret recovery phrase and click on “next”.

<mark style="color:red;">**※ Never share your secret recovery phrase with anyone!**</mark>

<figure><img src="/files/lz2yv9xwYftGiVWnAUEy" alt=""><figcaption></figcaption></figure>

④ Click on the buttons respective to the order of the words you took memo. Click on the “Confirm” button after checking the phrase again.

## Finished Creating a Wallet

<figure><img src="/files/71iPr5SvmLGF5fHGuNPt" alt=""><figcaption></figcaption></figure>

① Click on “all done.”

<figure><img src="/files/X62RzlyMGCQUSPr7511a" alt=""><figcaption></figcaption></figure>

② Finished creating a wallet.

## **Connecting MetaMask Binance Smart Chain**

Reference : [***https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain***](https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain)

<figure><img src="/files/nqtix8iNVCdylu9AD4rO" alt=""><figcaption></figcaption></figure>

① Click on Networks, which is set as **“Ethereum mainnet.”**

② Click on “Add network.”

<figure><img src="/files/rUYG6EsSRtqWGsrypHxP" alt=""><figcaption></figcaption></figure>

③ Click on “Add network manually”

<figure><img src="/files/61XubrPrLRffoH8UQKzE" alt=""><figcaption></figcaption></figure>

④ Put in the details in the fields with the below info and click on “save.”

```
network name : Smart Chain
New RPC URL : https://bsc-dataseed.binance.org/
chainID : 56
currency symbol : BNB
Block Explorer URL (option) : https://bscscan.com
```

<figure><img src="/files/GvbvK5R9ml56L0GVCqYp" alt=""><figcaption></figcaption></figure>

⑤ MetaMask wallet is connected to Binance Smart Chain.

## Adding MVL token in Ethereum Mainnet

<figure><img src="/files/tDF41hJt9FCrbZ8nDBHA" alt=""><figcaption></figcaption></figure>

① Select Ethereum mainnet as the network and click on “get tokens” in MetaMask.

**※ MVL token quantity in MetaMask can be checked when adding MVL tokens in MetaMask.**

<figure><img src="/files/ALLrzVxbysG2Osu0YCCT" alt=""><figcaption></figcaption></figure>

② Put in MVL ERC20 contract address below in Token contract address field in “custom token” tab.

```
0xa849eaae994fb86afa73382e9bd88c2b6b18dc71
```

<figure><img src="/files/mG655dL5dKoxnbSDK8r2" alt=""><figcaption></figcaption></figure>

③ token symbol and token decimal point will be put in automatically.

④ Click on “Add custom token.”

<figure><img src="/files/ADqcjvbnDTZmRrYqA8Rn" alt=""><figcaption></figcaption></figure>

⑤ Click on “get token” after checking tokens to add.

<figure><img src="/files/a7Rgfg9XlGOFDXghxE11" alt=""><figcaption></figcaption></figure>

⑥ Adding tokens is now completed. Go back to main wallet screen.

<figure><img src="/files/03122OeUfXpEoaJJFjDu" alt=""><figcaption></figcaption></figure>

⑦ You can check MVL token added in the main wallet screen.

## Adding LP token in Ethereum Mainnet

<figure><img src="/files/NePPaH31D70QU9yAr0wn" alt=""><figcaption></figcaption></figure>

① Select Ethereum mainnet as the network and click on “get tokens” in MetaMask.

**※ LP token quantity in MetaMask can be checked when adding LP tokens in MetaMask.**

<figure><img src="/files/px3MxxoJwZP01vsZFRQq" alt=""><figcaption></figcaption></figure>

② Put in MVL LP contract address below in Token contract address field in “Custom token” tab.

```
0x3c8ad34155b83ddb7f43119a19503d34ed2b5c7a
```

<figure><img src="/files/p4CWUiK2amPpJxyApESo" alt=""><figcaption></figcaption></figure>

③ token symbol and token decimal point will be put in automatically.&#x20;

④ Click on “Add custom token.”

<figure><img src="/files/GMXQ5UcawAe41yzvizBc" alt=""><figcaption></figcaption></figure>

⑤ Click on “Import tokens” after checking tokens to add.

<figure><img src="/files/GI0pOi3RZQLHymRoJdmt" alt=""><figcaption></figcaption></figure>

⑥ Adding tokens is now completed. Go back to main wallet screen.

<figure><img src="/files/g4kLGjQIVyAblZVMJUx0" alt=""><figcaption></figcaption></figure>

⑦ You can check LP token added in the main wallet screen.

## Adding bMVL token in Smart Chain network

※ bMVL token is an abbreviation of the ʻMVL BEP20’ token.

<figure><img src="/files/2T4KtMvnJ6HPmdwUoF6h" alt=""><figcaption></figcaption></figure>

① Select Smart Chain as the network Click on “get tokens” in MetaMask wallet.

**※ bMVL token quantity in MetaMask can be checked when adding bMVL tokens in MetaMask.**

<figure><img src="/files/63NQ3NPLPqjCpMIsR9SS" alt=""><figcaption></figcaption></figure>

② Put in bMVL BEP20 contract address below in Token contact address field in “custom token” tab.

```
0x5f588EfAf8eB57e3837486e834fC5a4E07768D98
```

<figure><img src="/files/GmCxxtjGon1Pk2l18iD1" alt=""><figcaption></figcaption></figure>

③ token symbol and token decimal point are put in automatically.

④ Click on “Add custom token.”

<figure><img src="/files/tzjOGLOQHffIfsYJJhLB" alt=""><figcaption></figcaption></figure>

⑤ Click on “get token” after checking tokens to add.

<figure><img src="/files/f8ZNbyRhctXK7KfOqnwr" alt=""><figcaption></figcaption></figure>

⑥ Adding tokens is now completed. Go back to main wallet screen.

<figure><img src="/files/MeIeRSYimlb0aasosfQ7" alt=""><figcaption></figcaption></figure>

⑦ You can check bMVL token added in the main wallet screen.

## Adding LP token in Smart Chain network

※ LP token is an abbreviation of the ʻBSW-LP’ token.

<figure><img src="/files/VJvglPYPGGhyUIqwq6Fy" alt=""><figcaption></figcaption></figure>

① Select Smart Chain as the network. Click on “Import tokens” in MetaMask wallet.

**※ LP token quantity in MetaMask can be checked when adding LP tokens in MetaMask.**

<figure><img src="/files/xwNV5p62xX5clvcvh65X" alt=""><figcaption></figcaption></figure>

② Put in BSW-LP contract address below in Token contract address field in “Custom token” tab.

```
0xE01eDA650632986B2E5B8167F629D7C7c759D4FD
```

<figure><img src="/files/juMIr61hcbJCBiqMTntI" alt=""><figcaption></figcaption></figure>

③ Token symbol and Token decimal are put in automatically.

④ Click on “Add custom token.”

<figure><img src="/files/8RUV9ZkpkJ93OJOSnmr6" alt=""><figcaption></figcaption></figure>

⑤ Click on “Import tokens” after checking tokens to add.

<figure><img src="/files/3HNnw97Zr6E2bStcSJnX" alt=""><figcaption></figcaption></figure>

⑥ Adding tokens is now completed. Go back to the main wallet screen.

<figure><img src="/files/EDoMzgRWmBVSsVe0JInX" alt=""><figcaption></figcaption></figure>

⑦ You can check LP token added in the main wallet screen.


# Using the MVL ETH <> BSC Bridge

## Converting MVL → bMVL

<figure><img src="/files/1LvMOo8STUS0tDben7qq" alt=""><figcaption></figcaption></figure>

① Check whether MetaMask wallet is connected to the MVL Bridge.

<figure><img src="/files/UKzZ662Y55VeHW1SPuHj" alt=""><figcaption></figcaption></figure>

② Once you set MetaMask Wallet network to “Ethereum Mainnet,” From network will be set to “Ethereum Mainnet,” and To network will be set to “BSC Mainnet.”

<figure><img src="/files/9uUCjBNoipHGe6B5PU9B" alt=""><figcaption></figcaption></figure>

③ Input the amount of MVL ERC to be transferred to Binance Smart Chain.

④ Click on “Next Step”

<mark style="color:red;">**※ Service cannot be conducted if you input the amount above Available Balance.**</mark>

<figure><img src="/files/NcFlF6rG4SIGpddzzS4b" alt=""><figcaption></figcaption></figure>

⑤ Check the box after checking the Estimated Transfer time, Network gas fee(ETH) and Service Fee MVL.

⑥ Click on “Transfer”

![](/files/NPT8fMtbuWJAWMpLQWJI)

⑦ Check the MVL quantity to be transferred to another network and gas fee on MetaMask pop-up.

⑧ Click on “Confirm.”

<mark style="color:red;">**※ ETH to be used for gas fee must be in your wallet to transfer.**</mark>

<figure><img src="/files/Zrd3sH55dARUe0ZG2hZf" alt=""><figcaption></figcaption></figure>

⑨ Please wait and do not close the window until the transfer is complete.

<figure><img src="/files/LfpCFlwywLzIaDZn84Jr" alt=""><figcaption></figcaption></figure>

⑩ Click on “Transfer Successful” after the transfer is complete.

![](/files/xgbYdeWk1sNtc2RU0DoV)

⑪ Once MetaMask Wallet’s network is set to “Smart Chain,” you could check MVL quantity transferred to Smart Chain.

## Converting bMVL → MVL

<figure><img src="/files/1kIT5yVihgLevfwYs1F5" alt=""><figcaption></figcaption></figure>

① Check whether MetaMask wallet is connected to the MVL Bridge.

<figure><img src="/files/YJ9Ds4fOmXoE7PT84oNr" alt=""><figcaption></figcaption></figure>

② Once you set MetaMask Wallet network to “Smart Chain,” From network will be set to “BSC Mainnet,” and To network will be set to “Ethereum Mainnet.”

<figure><img src="/files/6REMm32EwXZbGGAHS01M" alt=""><figcaption></figcaption></figure>

③ Input the amount of MVL BSC to be transferred to Ethereum Blockchain.

④ Click on “Next Step”

<mark style="color:red;">**※ Service cannot be conducted if you input the amount above Available Balance. Displayed Available Balance is excluding Service fee MVL needed to transfer.**</mark>

<figure><img src="/files/ZhwrQabzaXwbP0aGdd6M" alt=""><figcaption></figcaption></figure>

⑤ Check the box after checking the Estimated Transfer time, Network gas fee (BNB) and Service Fee MVL.

⑥ Click on “Transfer”

![](/files/B4O8dJKByR3X5GZy8AFN)

⑦ Check the MVL quantity to be transferred to another network and gas fee on MetaMask pop-up.

⑧ Click on “Confirm.”

<mark style="color:red;">**※ BNB to be used for gas fee must be in your wallet to transfer. You can buy BNB on the Binance Exchange.**</mark>

<figure><img src="/files/CSAox26AfWfWPYPYblAu" alt=""><figcaption></figcaption></figure>

⑨ Please wait and do not close the window until the transfer is complete.

<figure><img src="/files/h4T3HIfOmkJVJMPvYUZA" alt=""><figcaption></figcaption></figure>

⑩ Click on “Transfer Successful” after the transfer is complete.

![](/files/uvAQw3ums1MowTyhAoB5)

⑪ Once MetaMask Wallet’s network is set to “Ethereum Mainnet,” you could check MVL quantity transferred to Ethereum Blockchain.

## Converting bMVL → BNB

<figure><img src="/files/zCiaJl0HQXSgC0HkqYvK" alt=""><figcaption></figcaption></figure>

① Check if the network is Binance Smart Chain.

<figure><img src="/files/bdnjwhGbsx242gS9hCJH" alt=""><figcaption></figcaption></figure>

② Click Swap.

<figure><img src="/files/lCQ6LMOzNDsZx7KxR8w5" alt=""><figcaption></figcaption></figure>

③ Choose **"From"** as bMVL and **"To"** as BNB.

(If you want to convert BNB to bMVL, select **“From”** as BNB and **“To”** as bMVL.)

<figure><img src="/files/SFbWfAzkWYjL9YzaCxl9" alt=""><figcaption></figcaption></figure>

④ Enter the amount of bMVL you want to convert and the corresponding amount of BNB will automatically be entered. After checking the BNB amount, click Trade.&#x20;

<mark style="color:red;">**Be aware of loss due to the price impact (Slippage) when swapping .**</mark>

![](/files/j63NgInaCpwg5jSknRTQ)

⑤ After checking bMVL, BNB, and Price Impact, click the Confirm button.

![](/files/YjfOLxPjD1PlMbag57rs)

⑥ Check the gas fee and press the Confirm button.

![](/files/jWz82YhpqSWXQpJ4pDun)

⑦ Check the converted bMVL and BNB and click Close.

<figure><img src="/files/ly2PG24mgQ6wl0hBfct6" alt=""><figcaption></figcaption></figure>

⑧ You can check the amount of bMVL and BNB converted through the Swap Balance.

<figure><img src="/files/D2FkG5f7jRdt5bzA3ngp" alt=""><figcaption></figcaption></figure>

In addition, you can convert bMVL to BNB or BNB to bMVL using Swap (biswap).


# Using Mainnet Bridge

## Converting  MVL From Base Chain To  MVL Mainnet

① Check whether MetaMask wallet is connected to the MVL **Mainnet Bridge** in MVLFI.

<figure><img src="/files/tOQP32P9jS9VzEGFOHc7" alt=""><figcaption></figcaption></figure>

② Input the "MVL amount" to convert from "Base Chain" to "MVL Mainnet" and click "Confirm".

<figure><img src="/files/fHciT8DbX87C9h3wmikl" alt=""><figcaption></figcaption></figure>

③ Once MetaMask appears, check "MVL amount" and click "Confirm".

<figure><img src="/files/gNiGPjV3VylHYE35wm8y" alt=""><figcaption></figcaption></figure>

<mark style="color:red;">**※ Service cannot be conducted if you input an amount above the Available Balance. Displayed Available Balance is excluding Service fee MVL for transfer.**</mark>

④ As the Next step, you will see "Transaction request" and click "Confirm".

<figure><img src="/files/h8JLIzS479RpUs6w62dG" alt=""><figcaption></figcaption></figure>

⑤ Once it's confirmed, conversion is successfully done.&#x20;

⑥ To view the transaction on Base Scan, please click "View Transaction."

<figure><img src="/files/vBL8b0XC9XTo4VslwaRS" alt=""><figcaption></figcaption></figure>

⑦ To return to the Mainnet Bridge page, please click "Back to bridge."

## Converting MVL From MVL Mainnet To  Base Chain

① Check whether MetaMask wallet is connected to the MVL **Mainnet Bridge** in MVLFI.

<figure><img src="/files/kzuyhphGGxNxeTxDsIhX" alt=""><figcaption></figcaption></figure>

② Make sure you convert from “MVL Mainnet” to “Base Chain” and your MetaMask wallet is connected correctly.

<figure><img src="/files/Q9qytfQbyvrO7wJ7kgsn" alt=""><figcaption></figcaption></figure>

③ Input the "MVL amount" to convert from "MVL Mainnet" to "Base Chain" and click "Confirm".

<figure><img src="/files/qN844LzveOf8NSQUeQ4B" alt=""><figcaption></figcaption></figure>

④ As the Next step, you will see MetaMask pop-up to check "MVL amount" to convert, and click Confirm.

<figure><img src="/files/NOeVk8hH2RMTMDUolLNb" alt=""><figcaption></figcaption></figure>

<mark style="color:red;">**※ Service cannot be proceeded if you input the amount above your Available Balance.**</mark>

⑤ Please wait until your claim is ready.

<figure><img src="/files/IfN3slUF1rXYudF3zF24" alt=""><figcaption></figcaption></figure>

⑥ Once the claim is ready, click "Claim".

<figure><img src="/files/m2osD4T3WNOonPfMxe7y" alt=""><figcaption></figcaption></figure>

⑦ Once MetaMask appears, check your wallet address and click “Confirm” to claim.

<figure><img src="/files/khmBve0L0pRtZVQoqCWo" alt=""><figcaption></figcaption></figure>

⑧ Once it's confirmed, conversion is successfully done. \
&#x20;⑨To view the transaction on Base Scan, please click "View Transaction."<br>

<figure><img src="/files/YQMV5Ltm43bNBIPAnVwj" alt=""><figcaption></figcaption></figure>

⑩ To return to the Mainnet Bridge page, please click "Back to bridge."


# Connect Wallet

## Connecting Metamask in PC

<figure><img src="/files/I1DJKDtgTm8M20ARYCP3" alt=""><figcaption></figcaption></figure>

① Click **\[Metamask]** Connect using browser wallet or click Connect Wallet in the top right corner.

![](/files/q9NqfwIsQ5tKMthio6Oy)

② The Metamask wallet installed in your browser will automatically launch. After selecting an account, click **\[Next]** and enter the password to complete the connection to the MVLBridge service.

<figure><img src="/files/E7hb3FhTEEz7KfIWfI3u" alt=""><figcaption></figcaption></figure>

③ When your Metamask wallet is connected, you can check the wallet address connected to the MVLBridge service on the PC screen.


# BNB-bMVL LP Staking

## Get LP Tokens

<mark style="color:red;">**※ Be aware of the possible impermanent loss when creating LP tokens.**</mark>

<figure><img src="/files/WAaPPCQyTssa5L5oM4Ev" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/3SDt44g58Na74dkzFs5n" alt=""><figcaption></figcaption></figure>

① Click **\[Liquidity]** or **‘Get LP’** on Farms tab and go to **\[Liquidity]** page.

<figure><img src="/files/MQndC3WLXuiWPtigs6fk" alt=""><figcaption></figcaption></figure>

② Click **\[Add Liquidity]** button.

![](/files/RtP0OO7GSZCM8m8UHRQh)

③ Enter the amount of BNB and bMVL in the proportion of 1:1 and check the amount of LP tokens you will receive. Once checked, click **\[Approve bMVL]** button.

![](/files/3ifN4Zgx4GqHgluSJHFf)

④ Your wallet will now ask to confirm the action. Once you have checked the estimated Gas Fee and related information, Click **\[Confirm]** button.

<mark style="color:red;">**(If your BNB is insufficient, you can swap BNB with your bMVL through**</mark> [<mark style="color:red;">**Biswap**</mark>](https://exchange.biswap.org/swap?outputCurrency=0x965f527d9159dce6288a2219db51fc6eef120dd1)<mark style="color:red;">**, but here again, be aware of the loss due to Price Impact (Slippage))**</mark>

![](/files/wxUecABQMysagGWn0vue)

⑤ Check the amount of LP token you will receive and BNB/bMVL you supplied, then click the **\[Next]** button.

![](/files/J8qQeMnxBPi5ESA2LoKa)

⑥ Click the **\[Confirm]** button.

![](/files/3ifN4Zgx4GqHgluSJHFf)

⑦ Once your wallet ask to confirm the action, check the estimated gas fee, then Click the **\[Confirm]** button.

![](/files/VHc0C6Mq1vYVPSoW42QJ)

⑧ Check the transaction details then click the **\[Close]** button.

<figure><img src="/files/ueDH3yPZIX0WngCeHf31" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/ZAioPVNoY5A5dJ6RxGDk" alt=""><figcaption></figcaption></figure>

⑨ Once getting LP tokens is successfully completed, you can check your BNB-bMVL LP tokens through **\[Liquidity]** Page → **‘My Liquidity’**, and **‘Available LP’** on **\[Farms]** page.

## Adding your LP Tokens into Farms

<figure><img src="/files/btDPlbhfOK34EJ4PQGrY" alt=""><figcaption></figcaption></figure>

① Click **\[Enable Farms]** on the **\[Farms]** tab

![](/files/INY0lwuTTnr83bG8U5oR)

② Your Metamask wallet will now ask you to confirm the action. Once you have checked the estimated Gas fee, Click **\[Confirm]** button.

![](/files/9yNQFTmlxFj85x97OptV)

③ You can see that the **\[Enable Farm]** button has changed to **\[Stake]**. Click the **\[Stake]** button to stake your LP tokens.

<figure><img src="/files/mZt7Li1Gqgu0avJN3LKJ" alt=""><figcaption></figcaption></figure>

④ Enter the amount of LP tokens you wish to stake. Then click the **\[Confirm]** button.

![](/files/INY0lwuTTnr83bG8U5oR)

⑤ Your Metamask wallet will now ask you to confirm the action. Check the estimated gas fee and click the **\[Confirm]** button.

<figure><img src="/files/WNaZT05jpTE3SxTEN6Wg" alt=""><figcaption></figcaption></figure>

⑥ Click the **\[Confirm]** button

![](/files/oX3EfUtaWILdjqVShMgx)

⑦ Once you successfully staked LP tokens, you can see bMVL being distributed in live.

## Withdrawing from LP Staking in progress

### Harvesting the rewards

![](/files/XwuLOMpBysSm1huqDCtE)

① Click the **\[Harvest]** button to withdraw bMVL leftover on the farm.

![](/files/6utnALh7yVBlrLrhifEY)

② Check the estimated gas fee and click the **\[Confirm]** button.

<figure><img src="/files/6Qfu5W5xM6iH9zfUSw1h" alt=""><figcaption></figcaption></figure>

③ Click **\[Confirm]** button. You can check the transaction details on **\[View on BSCScan]**

<figure><img src="/files/U2CTpeIZ23ocdCRu4au0" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/0iXxjgvOKXaPp6KgWbxr" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/m99Gm640o9oqSMa6QXw8" alt=""><figcaption></figcaption></figure>

④ You can check your harvested bMVL on Metamask wallet, **\[Bridge]** tab, and **\[Pools]** tab.

### Unstaking LP Tokens

<figure><img src="/files/Pz9ZOM77Ao7qErmFl0mD" alt=""><figcaption></figcaption></figure>

① To unstake the LP tokens, Click **\[Unstake]** button, then enter the amount of LP tokens you wish to unstake.

![](/files/nRhFubdf7vEEka23iLZx)

② Your wallet will now ask you to confirm the action. Once you check the estimated gas fee, Click the **\[Confirm]** button.

<figure><img src="/files/VWMqqPnug0bYBSdSK3tF" alt=""><figcaption></figcaption></figure>

③ Click the **\[Confirm]** button.

![](/files/f9B2KIy65LorFP46SEsa)

④ You can check the unstaked LP Tokens on **‘Available LP’**

### Removing LP Tokens from the Farms

<mark style="color:red;">**Depending on the relative value change between bMVL and BNB after LP creation, impermanent loss may occur when LP is released.**</mark>

<figure><img src="/files/GvjmRUyO4R4vN51JWUYV" alt=""><figcaption></figcaption></figure>

① Go to **\[Liquidity]** tab then click **\[Remove]** button on **‘My Liquidity’** to remove LP tokens from the farms.

<figure><img src="/files/cFx4Q3Ul6zrzCrHuOl8F" alt=""><figcaption></figcaption></figure>

② Enter the amount of LP tokens you wish to withdraw, then click **\[Approve]** button on **‘Withdraw Liquidty’.**

![](/files/6utnALh7yVBlrLrhifEY)

③ Your wallet will ask you to confirm the action. Check the estimated gas fee then click **\[Confirm]** button.

<figure><img src="/files/WA8XXsL3W7PEHpuo3bYb" alt=""><figcaption></figcaption></figure>

④ Click the **\[Withdraw]** button.

<figure><img src="/files/Y4OJAaDnGcKg5teuqw0z" alt=""><figcaption></figcaption></figure>

⑤ Check the Withdraw details then click the **\[Confirm]** button.

![](/files/6utnALh7yVBlrLrhifEY)

⑥ Check the estimated gas fee, then click **\[Confirm]** button.

<figure><img src="/files/VycUDsnRDMgTRSOw5fAk" alt=""><figcaption></figcaption></figure>

⑦ Click **\[Confirm]** button. You can check the transaction details on **\[View on BSCScan]**.

<figure><img src="/files/L4m3DJ1RLhUp1f0sOd9V" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/bK7vsQNvZgeYgonKdogO" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/BYupIyZeqJN245tFYNzS" alt=""><figcaption></figcaption></figure>

⑧ You can check your bMVL & BNB removed from the LP tokens on the Metamask wallet, and **‘Balance’** and Available bMVL on the **\[Bridge]** tab and **\[Pools]** tab.

## Withdrawing of expired LP Staking

### Withdrawing principal + rewards together

<div align="left"><figure><img src="/files/TfA93tgkSCp03ZeUpoEQ" alt="" width="375"><figcaption></figcaption></figure></div>

① If you want to withdraw principal(BNB-bMVL LP Token) and rewards(bMVL) at the same time, press the **\[Unstake]** button. **A small BNB fee is charged when unstaking.**

<div align="left"><figure><img src="/files/5SjN8R8FTKcEf9pvY75r" alt="" width="375"><figcaption></figcaption></figure></div>

② When the MetaMask notification appears, check the gas fee and click the **\[Confirm]** button.

<figure><img src="/files/6RRTI2glD9lk6r8tV8I1" alt=""><figcaption></figcaption></figure>

③ Click the **\[Confirm]** button and receive the principal and rewards. You can check the transaction details on **\[View on BscScan]**.

<div align="left"><figure><img src="/files/XY1JCofCZK2cF3a9MTqd" alt="" width="375"><figcaption></figcaption></figure></div>

④ After receiving the principal and rewards, the staked LP is changed to 0 LP and the Earned bMVL is changed to 0 bMVL.

<figure><img src="/files/DyTYh0goqGPwC827lrc4" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/2TFHndp2IGCSfQdvrnyo" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/XiPKAsOFQKDmQJfGZMif" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/TGCv9nzSRd0fe4uAISB8" alt=""><figcaption></figcaption></figure>

⑤ You can check your harvested principal(BNB-bMVL LP Token) and rewards(bMVL) on **Metamask wallet, \[Liquidity] tab, \[Bridge] tab, and \[Pools] tab.**

### Withdrawing rewards only

<div align="left"><figure><img src="/files/tqLbogBFBRcJEzLxtLyI" alt="" width="375"><figcaption></figcaption></figure></div>

① If you only want to withdraw rewards(bMVL), click the **\[Harvest]** button. **A small BNB fee is charged when withdrawing rewards.**

<div align="left"><figure><img src="/files/RrAmNjz0Av2f28gnmFNP" alt="" width="375"><figcaption></figcaption></figure></div>

② Check the estimated gas fee and click the **\[Confirm]** button.

<figure><img src="/files/e9vCOxoDeZTk8YpAsrjc" alt=""><figcaption></figcaption></figure>

③ Click **\[Confirm]** button. You can check the transaction details on **\[View on BscScan]**.

<div align="left"><figure><img src="/files/62kVa7Y8tL9i5ZrQ8cp7" alt="" width="375"><figcaption></figcaption></figure></div>

④ After receiving the rewards, the Earned bMVL changes to 0 bMVL.

<figure><img src="/files/QZuOZ4LyjvjhrBufw18o" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/vexiFqEAPVmLf0HzoJ2m" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/oLLto5NHLBEyYBZDdmA9" alt=""><figcaption></figcaption></figure>

⑤ You can check your harvested bMVL on **Metamask wallet, \[Bridge] tab and \[Pools] tab.**


# BNB-bMVL LP Staking

## Remove Liquidity

#### **1. Visit the** [**MVL Fi website**](https://mvlfi.mvlchain.io/en) **and connect your wallet**

* Click **“Connect Wallet”** at the top right.

<figure><img src="/files/NW5TY2o3EPwodgsChAUS" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/2Mf5Akgu4en0N6vwSQ5h" alt="" width="360"><figcaption></figcaption></figure>

#### 2. Select the “BNB Smart Chain” network at the top right

<figure><img src="/files/KWOo9mkVaD3gcKJDI9cX" alt=""><figcaption></figcaption></figure>

#### 3. Click the “Liquidity” tab, then select “Remove Liquidity”

<figure><img src="/files/eGEX7OiEk6bJSkRr0Jml" alt=""><figcaption></figcaption></figure>

#### 4. Go to the Biswap Legacy Liquidity page 👉 [Biswap LP staking v2](https://www.biswap.org/withdrawals)

Click **V2 Liquidity** and **connect the wallet** you have a position on Biswap.

<mark style="color:red;">**※ Please note Biswap has updated withdrawal pages.**</mark>

<figure><img src="/files/EgY99pgNTH2StozO1sms" alt=""><figcaption></figcaption></figure>

#### 5. **Click "Check V2 Liquidty positions".**

<figure><img src="/files/Nq94NhIiS8wn2z9PVpl4" alt=""><figcaption></figcaption></figure>

<mark style="color:red;">**※ Please note you should connect the wallet you used to provide liquidity.**</mark>

#### 6. Check your liquidity position information and click remove to withdraw.

Screen will show you how many positions you have in the connected wallet.

<figure><img src="/files/HHr5LuK1jcsiQptnTC4b" alt=""><figcaption></figcaption></figure>

#### 7. All done, c**heck your wallet balance.**

* &#x20;Once the transaction is complete, your tokens will appear in your wallet.
* You can view transaction details on **BscScan** if needed.

Once you remove the positions you have, you can disconnect the wallet and finish.

<figure><img src="/files/3Cqix9YV55XephTxlKhv" alt=""><figcaption></figcaption></figure>


# ETH-MVL LP Staking

## Get LP Tokens

<mark style="color:red;">**※ Be aware of the possible impermanent loss when creating LP tokens.**</mark>

<figure><img src="/files/xV1fve5DHj0yToBrMWal" alt=""><figcaption></figcaption></figure>

① Select Network as Ethereum.

<figure><img src="/files/Jw9R4c5Lcon6pUHLwo2y" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/wcCnYEyRhxCBlEG8ucHD" alt=""><figcaption></figcaption></figure>

② Click **\[Liquidity]** or ‘**Get LP**’ on Farms tab and go to **\[Liquidity]** page.

<figure><img src="/files/RnLJeHKFqubkGXCD0bR4" alt=""><figcaption></figcaption></figure>

③ Click **\[Add Liquidity]** button.

<figure><img src="/files/FXMkWmE8jatINJfYU1nb" alt=""><figcaption></figcaption></figure>

④ Enter the amount of ETH and MVL in the proportion of 1:1 and check the amount of LP tokens you will receive. Once checked, click **\[Approve MVL]** button.

![](/files/WD4mqdIgg948jpH7sQQS)

⑤ Your wallet will now ask to confirm the action. Once you have checked the estimated Gas Fee and related information, Click **\[Confirm]** button.

(<mark style="color:red;">**If you do not have enough ETH, please purchase ETH through an exchange.**</mark>)

<figure><img src="/files/LNSHXEJX86LSIiIEV17Q" alt=""><figcaption></figcaption></figure>

⑥ Check the amount of LP token you will receive and ETH/MVL you supplied, then click the **\[Next]** button.

<figure><img src="/files/01cQ7TW2bHTBKaYB3v16" alt=""><figcaption></figcaption></figure>

⑦ Click the **\[Confirm]** button.

![](/files/Gnrce2Ral80kAp6BYtKH)

⑧ Check the transaction details then click the **\[Confirm]** button.

<figure><img src="/files/QPXaqGj9biXS9b842p5x" alt=""><figcaption></figcaption></figure>

⑨ Check the transaction details then click the **\[Close]** button.

<figure><img src="/files/xnqoVNrWRFDzsfq5n7XH" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/dojNxJCfJnmDJet8OSTa" alt=""><figcaption></figcaption></figure>

⑩ Once getting LP tokens is successfully completed, you can check your ETH-MVL LP tokens through **\[Liquidity]** Page → ‘**My Liquidity**’, and ‘**Available LP**’ on **\[Farms]** page.

## Adding your LP Tokens into Farms

<figure><img src="/files/yL8OQFN2yX1zRLc8SM5b" alt=""><figcaption></figcaption></figure>

① Click **\[Enable Farms]** on the **\[Farms]** tab

![](/files/SrfNff2ysj491z7cm257)

② Your Metamask wallet will now ask you to confirm the action. Once you have checked the estimated Gas fee, Click **\[Confirm]** button.

![](/files/hxpQGMuwHZWvruGLTZmT)

③ You can see that the **\[Enable Farm]** button has changed to **\[Stake]**. Click the **\[Stake]** button to stake your LP tokens.

<figure><img src="/files/MUSPg0Y4eHp6SRlwE8IW" alt=""><figcaption></figcaption></figure>

④ Enter the amount of LP tokens you wish to stake. Then click the **\[Confirm]** button.

![](/files/6kB1AQLId7QhmKhRq0ld)

⑤ Your Metamask wallet will now ask you to confirm the action. Check the estimated gas fee and click the **\[Confirm]** button.

<figure><img src="/files/WdYanuiLbnqbNIm9HI1g" alt=""><figcaption></figcaption></figure>

⑥ Click the **\[Confirm]** button

![](/files/2RXmtNdTSj3eCLovc0fk)

⑦ Once you successfully staked LP tokens, you can see MVL being distributed in live.

## Withdrawing from LP Staking in progress

### Harvesting the rewards

![](/files/EJEbr3CKfu4rWDhJcJWr)

① Click the **\[Harvest]** button to withdraw MVL leftover on the farm.

![](/files/mSjX54zr8FB7wcDS2MKN)

② Check the estimated gas fee and click the **\[Confirm]** button.

<figure><img src="/files/KJaHpvRHFvRffTtaCdA2" alt=""><figcaption></figcaption></figure>

③ Click **\[Confirm]** button. You can check the transaction details on **\[View on Etherscan]**.

<figure><img src="/files/ZPPwG7mNSlZfx7c8dEtC" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/VaVc97I2DwymT3nbREfz" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/MMJ15X9ziuVSmd7YyM4r" alt=""><figcaption></figcaption></figure>

④ You can check your harvested MVL on Metamask wallet, **\[Bridge]** tab, and **\[Pools]** tab.

### Unstaking LP Tokens

<figure><img src="/files/LseetkzXdTqVMefwNsEJ" alt=""><figcaption></figcaption></figure>

① To unstake the LP tokens, Click **\[Unstake]** button, then enter the amount of LP tokens you wish to unstake.

![](/files/9uZnF7CvNe6UF50yHhXk)

② Your wallet will now ask you to confirm the action. Once you check the estimated gas fee, Click the **\[Confirm]** button.

<figure><img src="/files/eeeARw2BsUwvUUMM2ir2" alt=""><figcaption></figcaption></figure>

③ Click the **\[Confirm]** button.

![](/files/h1UyLT8hmA1g358QBdQs)

④ You can check the unstaked LP Tokens on ‘**Available LP**’

### Removing LP Tokens from the Farms

<mark style="color:red;">**Depending on the relative value change between ETH and MVL after LP creation, impermanent loss may occur when LP is released.**</mark>

<figure><img src="/files/HGnPDoV2fhsllBMsaBBo" alt=""><figcaption></figcaption></figure>

① Go to **\[Liquidity]** tab then click **\[Remove]** button on ‘**My Liquidity**’ to remove LP tokens from the farms.

<figure><img src="/files/bjbz9ijVMCkcIIhjCM5W" alt=""><figcaption></figcaption></figure>

② Enter the amount of LP tokens you wish to withdraw, then click **\[Approve]** button on **‘Withdraw Liquidty’.**

![](/files/HvnqaZCIYOVlFvT5g6qp)

③ Your wallet will ask you to confirm the action. Check the estimated gas fee then click **\[Confirm]** button.

<figure><img src="/files/CAxAdjjhuBEVFxuhLwon" alt=""><figcaption></figcaption></figure>

④ Click the **\[Withdraw]** button.

<figure><img src="/files/uJE2Fv04PNuvkG7Zp8F4" alt=""><figcaption></figcaption></figure>

⑤ Check the Withdraw details then click the **\[Confirm]** button.

![](/files/9SgBcRE25rN25pTJE0TP)

⑥ Check the estimated gas fee, then click **\[Confirm]** button.

<figure><img src="/files/DpvUz9KsnKW5VCfTAIQX" alt=""><figcaption></figcaption></figure>

⑦ Click **\[Confirm]** button. You can check the transaction details on **\[View on Etherscan]**.

<figure><img src="/files/KUnLB9Y5AhcGKmKNBna9" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/8NRmgeVxyEmVno8pOKTq" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/OJrdZm7oc2FLNTOpsG7z" alt=""><figcaption></figcaption></figure>

⑧ You can check your ETH & MVL removed from the LP tokens on the Metamask wallet, and ‘**Balance**’ and Available bMVL on the **\[Bridge]** tab and **\[Pools]** tab.

## Withdrawing of expired LP Staking

### Withdrawing principal + rewards together

<div align="left"><figure><img src="/files/TIBMqdd0cZN2TZrPWtOj" alt="" width="375"><figcaption></figcaption></figure></div>

① If you want to withdraw principal(ETH-MVL LP Token) and rewards(MVL) at the same time, press the **\[Unstake]** button. **A small ETH fee is charged when unstaking.**

<div align="left"><figure><img src="/files/zCeqECpEOHRPyjE7kjJW" alt="" width="375"><figcaption></figcaption></figure></div>

② When the MetaMask notification appears, check the gas fee and click the **\[Confirm]** button.

<figure><img src="/files/8x0xmb8YVox608JSwyW5" alt=""><figcaption></figcaption></figure>

③ Click the **\[Confirm]** button and receive the principal and rewards. You can check the transaction details on **\[View on Etherscan]**

<div align="left"><figure><img src="/files/PYBqTuPdodxCUoKdquEr" alt="" width="375"><figcaption></figcaption></figure></div>

④ After receiving the principal and rewards, the staked LP is changed to 0 LP and the Earned MVL is changed to 0 MVL.

<figure><img src="/files/7Hua3iDyuAuUafKhQALD" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/LjpEIPJBZ0NdymM5AjnA" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/QN0ZN1X2JJPp0UV7iUkd" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/pbm5mrAMP58vQCWX49De" alt=""><figcaption></figcaption></figure>

⑤ You can check your harvested principal(ETH-MVL LP Token) and rewards(MVL) on **Metamask wallet, \[Liquidity] tab, \[Bridge] tab, and \[Pools] tab.**

### Withdrawing rewards only

<div align="left"><figure><img src="/files/LPcLlf6oYeyQ0oSs2nwt" alt="" width="375"><figcaption></figcaption></figure></div>

① If you only want to withdraw rewards(MVL), click the **\[Harvest]** button. **A small ETH fee is charged when withdrawing rewards.**

<div align="left"><figure><img src="/files/4wvtJqXHqyKCZxaJzCX5" alt="" width="375"><figcaption></figcaption></figure></div>

② Check the estimated gas fee and click the **\[Confirm]** button.

<figure><img src="/files/Vl9SplGQWQxJ1mM5QIXa" alt=""><figcaption></figcaption></figure>

③ Click **\[Confirm]** button. You can check the transaction details on **\[View on Etherscan]**.

<div align="left"><figure><img src="/files/3bWUGg0qW9IUOxSdeChe" alt="" width="375"><figcaption></figcaption></figure></div>

④ After receiving the rewards, the Earned MVL changes to 0 MVL.

<figure><img src="/files/3cpDUWRxmgsMNTTPAxsO" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/PeJdc6sdXolv2g7in6Z5" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/9PB2myE2wMI8VLmpy4Er" alt=""><figcaption></figcaption></figure>

⑤ You can check your harvested MVL on **Metamask wallet, \[Bridge] tab, and \[Pools] tab.**


# bMVL Single Staking

## bMVL Single Staking

<figure><img src="/files/09OmG4bVnjOGnkYZ4h9b" alt=""><figcaption></figcaption></figure>

① On the MVL Fi homepage, select the network as **Binance Smart Chain** and then click the **Pools**.

<figure><img src="/files/HjAleMHGC9R8l2HsK7Bl" alt=""><figcaption></figcaption></figure>

② Among the pools available with bMVL, click the **Stake Now** button for the pool you want to stake in.

### Flexible Staking

● **What is Flexible staking?** \
It is a staking method that provides users with the flexibility to freely deposit and withdraw assets. Users can withdraw or add staked assets at any time, and also **gain accumulated rewards when withdrawing assets.**

<figure><img src="/files/wYZIeSsUwokn2V9sS3Wr" alt=""><figcaption></figcaption></figure>

③ Enter the amount to stake and click **Stake Now**.

### Fixed Staking

● **What is fixed staking?** \
This is a method of locking up assets in a cryptocurrency or blockchain network for a certain period of time and receiving rewards in return. You can withdraw or add assets during the staking period. **However, when you withdraw assets before the contractual period, any accumulated rewards will be permanently lost. Rewards for staking can only be gained after a set period of time.**

<figure><img src="/files/i5rbZzas5x0ospWOXPyn" alt=""><figcaption></figcaption></figure>

③ Enter the amount to stake and click **Stake Now**.

<div align="left"><figure><img src="/files/S3AfYLwRvns0dwnygURY" alt="" width="375"><figcaption></figcaption></figure></div>

③-① Please be noted that **Lock-up duration is required until the Maturity** to actually earn your ecpected rewards. If you agree to this, click **Yes, I confirm to stake.**

<div align="left"><figure><img src="/files/alMhY4vPME6lbDvB2Pp5" alt="" width="375"><figcaption></figcaption></figure></div>

④ **If this is your first time staking, to proceed staking, token approval in your wallet is required.** Check the estimated gas fees required for token approval and click **Approve.**

<div align="left"><figure><img src="/files/KnHan2YDNwKT88NmjG3C" alt="" width="375"><figcaption></figcaption></figure></div>

⑤ Check the transaction fee and click the **Confirm** button. **If this is your first time staking, you must go through the approval process one more time.**

<figure><img src="/files/2nQVHFslfcd82VZbEh0d" alt=""><figcaption></figcaption></figure>

⑥ When staking is completed, a **Success!** pop-up appears.

<figure><img src="/files/tPe9z9EVYovraBrAqU3C" alt=""><figcaption></figcaption></figure>

⑦ If you want to check your staking amount, please check **My Staking in the Pools.** \
&#x20;    If you would like to check the rewards you have earned so far, please check **My Reward in the Pools.**

## **Withdrawing bMVL Single Staking in progress**

### Unstake

<figure><img src="/files/qzus0sg5lVfmsRnOyCFH" alt=""><figcaption></figcaption></figure>

① Click the **Update Status** button for the pool you wish to unstake.

#### Flexible Staking

● **What is Flexible staking?** \
It is a staking method that provides users with the flexibility to freely deposit and withdraw assets. Users can withdraw or add staked assets at any time, and also **gain accumulated rewards when withdrawing assets.**

<figure><img src="/files/3K2TSPAKLTZJ815oRRXJ" alt=""><figcaption></figcaption></figure>

② Click Unstake, then enter the amount you want to unstake and click **Unstake**.

<div align="left"><figure><img src="/files/6Peqa4KWvqBDIcNr1Enx" alt="" width="375"><figcaption></figcaption></figure></div>

③ Check the transaction fee and click the **Confirm** button.

<figure><img src="/files/cu6RMyv3dx65xh1X1YJ0" alt=""><figcaption></figcaption></figure>

④ When the unstaking process is completed, a **Success!** pop-up appears. **When unstaking, the amount received is the sum of the unstaked amount and all rewards accumulated so far.**

#### Fixed Staking

● **What is fixed staking?** \
This is a method of locking up assets in a cryptocurrency or blockchain network for a certain period of time and receiving rewards in return. You can withdraw or add assets during the staking period.  **However, when you withdraw assets before the contractual period, any accumulated rewards will be permanently lost. Rewards for staking can only be gained after a set period of time.**

<figure><img src="/files/VF9XAQ0mD1NBpmkqU4ms" alt=""><figcaption></figcaption></figure>

② Click Unstake and then click **Unstake. In case of Fixed Staking, the total staked amount should be unstaked at once.**

<div align="left"><figure><img src="/files/hyKkzsRMs7JHPF8za0bV" alt="" width="375"><figcaption></figcaption></figure></div>

②-① Please be noted that **your earned rewards until now will be lost** if you unstake your staked assets before the contractual staking period ends. If you agree to this, click **Yes, I confirm to stake.**

<div align="left"><figure><img src="/files/wpSRuCKJs8g259PV9JfE" alt="" width="375"><figcaption></figcaption></figure></div>

③ Check the transaction fee and click the **Confirm** button.

<figure><img src="/files/Lj9Swk2X9D7e6EprEPWT" alt=""><figcaption></figcaption></figure>

④ When the unstaking process is completed, a **Success!** pop-up appears. **When unstaking, the amount received is only the unstaked amount.**

<figure><img src="/files/EuTnhQIlsiLBsq5aAfTu" alt=""><figcaption></figcaption></figure>

⑤ If you want to check your staking amount, please check **My Staking in the Pools.** \
&#x20;    If you would like to check the rewards you have earned so far, please check **My Reward in the Pools.**

### Claim

<mark style="color:red;">**Note : The claim is Not available for Fixed Staking until the Maturity Date passes.**</mark>

<figure><img src="/files/FhCseDPtHqBuF8N8crJF" alt=""><figcaption></figcaption></figure>

① To claim your rewards, you can choose a pool where your rewards are accumulated by clicking **Update Status** button.

<figure><img src="/files/VRtwOl5v7AUNDyYdAwMl" alt=""><figcaption></figcaption></figure>

② Click Claim and then click **Claim**.

<div align="left"><figure><img src="/files/dYKqTgkWiMo2CQN4Gfes" alt="" width="375"><figcaption></figcaption></figure></div>

③ Check the transaction fee and click the **Confirm** button.

<figure><img src="/files/qCPIPXYR2Tr0t2mceNUP" alt=""><figcaption></figcaption></figure>

④ When you complete receiving the rewards, a **Success!** pop-up appears. **When claiming, the amount you receive are rewards. If you want to receive the principal together, you can either unstake it or wait until the maturity date to receive it all.**

<figure><img src="/files/fvdMz2Kmv1xTP54At1SY" alt=""><figcaption></figcaption></figure>

⑤ If you want to check your staking amount, please check **My Staking in the Pools.** \
&#x20;    If you would like to check the rewards you have earned so far, please check **My Reward in the Pools.**

## **Withdrawing of Closed bMVL Single Staking**

### Claim

<figure><img src="/files/cPywiE48gMA2Bt3UQIqS" alt=""><figcaption></figcaption></figure>

① Click the **Claim** button for the pool you want to receive rewards from.

<figure><img src="/files/t8T1scw5299SIRPxVraU" alt=""><figcaption></figcaption></figure>

② After checking the Total amount you receive, click the **Claim All** button.

<div align="left"><figure><img src="/files/zKJ5KYqWmn3iaEGbi5Ij" alt="" width="375"><figcaption></figcaption></figure></div>

③ Check the transaction fee and click the **Confirm** button.

<figure><img src="/files/6EkW45soLoN1zCXftB4o" alt=""><figcaption></figcaption></figure>

④ When you complete receiving the rewards, a **Success!** pop-up appears. **When claiming, the amount you receive is the sum of Total Staked Amount and all rewards accumulated so far.**

<figure><img src="/files/6aS0GqeD547oeEYK6jKi" alt=""><figcaption></figcaption></figure>

⑤ When the claiming process is completed, the button changes to Closed, and My Staking amount and My Reward change to 0 bMVL.


# MVL Single Staking

## MVL Single Staking

<figure><img src="/files/Skzqz07Si8QFsyds9C4U" alt=""><figcaption></figcaption></figure>

① On the MVL Fi homepage, select the network as **Ethereum** and then click the **Pools**.

<figure><img src="/files/7hNqyz3iSJgNDeblEsGZ" alt=""><figcaption></figcaption></figure>

② Among the pools available with MVL, click the **Stake Now** button for the pool you want to stake in.

### Flexible Staking

● **What is Flexible staking?** \
It is a staking method that provides users with the flexibility to freely deposit and withdraw assets. Users can withdraw or add staked assets at any time, and also **gain accumulated rewards when withdrawing assets.**

<figure><img src="/files/fEb1fie2jmyrDhwPPX1m" alt=""><figcaption></figcaption></figure>

③ Enter the amount to stake and click **Stake Now**.

### Fixed Staking

● **What is fixed staking?** \
This is a method of locking up assets in a cryptocurrency or blockchain network for a certain period of time and receiving rewards in return. You can withdraw or add assets during the staking period. **However, when you withdraw assets before the contractual period, any accumulated rewards will be permanently lost. Rewards for staking can only be gained after a set period of time.**

<figure><img src="/files/wXH9D3ebqIVXeVIC7WX2" alt=""><figcaption></figcaption></figure>

③ Enter the amount to stake and click **Stake Now**.

<div align="left"><figure><img src="/files/GcsHsNE4CO89zc2Cbj54" alt="" width="375"><figcaption></figcaption></figure></div>

③-① Please be noted that **Lock-up duration is required until the Maturity** to actually earn your ecpected rewards. If you agree to this, click **Yes, I confirm to stake.**

<div align="left"><figure><img src="/files/9EfuDUOiAumhvMHLnq4c" alt="" width="375"><figcaption></figcaption></figure></div>

④ **If this is your first time staking, to proceed staking, token approval in your wallet is required.** Check the estimated gas fees required for token approval and click **Approve.**

<div align="left"><figure><img src="/files/GT23vLpbjacLmmpdb9Qc" alt="" width="375"><figcaption></figcaption></figure></div>

⑤ Check the transaction fee and click the **Confirm** button. **If this is your first time staking, you must go through the approval process one more time.**

<figure><img src="/files/Vo5Hy9PbXTKYxWpa0CYi" alt=""><figcaption></figcaption></figure>

⑥ When staking is completed, a **Success!** pop-up appears.

<figure><img src="/files/ik18mBqgDUopXi8hZVVV" alt=""><figcaption></figcaption></figure>

⑦ If you want to check your staking amount, please check **My Staking in the Pools.** \
&#x20;    If you would like to check the rewards you have earned so far, please check **My Reward in the Pools.**

## **Withdrawing MVL Single Staking in progress**

### Unstake

<figure><img src="/files/pAICrYbhBqzWq8KYqXpT" alt=""><figcaption></figcaption></figure>

① Click the **Update Status** button for the pool you wish to unstake.

#### Flexible Staking

● **What is Flexible staking?** \
It is a staking method that provides users with the flexibility to freely deposit and withdraw assets. Users can withdraw or add staked assets at any time, and also **gain accumulated rewards when withdrawing assets.**

<figure><img src="/files/I9V62qb8N9v86JewxZLm" alt=""><figcaption></figcaption></figure>

② Click Unstake, then enter the amount you want to unstake and click **Unstake**.

<div align="left"><figure><img src="/files/QZER1VKHexjDTHltN3WR" alt="" width="375"><figcaption></figcaption></figure></div>

③ Check the transaction fee and click the **Confirm** button.

<figure><img src="/files/1eJVgMTCMcj9dqKXisyW" alt=""><figcaption></figcaption></figure>

④ When the unstaking process is completed, a **Success!** pop-up appears. **When unstaking, the amount received is the sum of the unstaked amount and all rewards accumulated so far.**

#### Fixed Staking

● **What is fixed staking?** \
This is a method of locking up assets in a cryptocurrency or blockchain network for a certain period of time and receiving rewards in return. You can withdraw or add assets during the staking period. **However, when you withdraw assets before the contractual period, any accumulated rewards will be permanently lost. Rewards for staking can only be gained after a set period of time.**

<figure><img src="/files/pAAbhtkSZJqy63AIToTQ" alt=""><figcaption></figcaption></figure>

② Click Unstake and then click **Unstake. In case of Fixed Staking, the total staked amount should be unstaked at once.**

<div align="left"><figure><img src="/files/Ff2RaPBYBwlLEH547ye6" alt="" width="375"><figcaption></figcaption></figure></div>

②-① Please be noted that **your earned rewards until now will be lost** if you unstake your staked assets before the contractual staking period ends. If you agree to this, click **Yes, I confirm to unstake.**

<div align="left"><figure><img src="/files/Drcul6SFZurVquvVcdfH" alt="" width="375"><figcaption></figcaption></figure></div>

③ Check the transaction fee and click the **Confirm** button.

<figure><img src="/files/CnglRfNFZirYJR72KFV8" alt=""><figcaption></figcaption></figure>

④ When the unstaking process is completed, a **Success!** pop-up appears. **When unstaking, the amount received is only the unstaked amount.**

<figure><img src="/files/DTn6vY62pp0MctZ4w67j" alt=""><figcaption></figcaption></figure>

⑤ If you want to check your staking amount, please check **My Staking in the Pools.** \
&#x20;    If you would like to check the rewards you have earned so far, please check **My Reward in the Pools.**

### Claim

<mark style="color:red;">**Note : The claim is Not available for Fixed Staking until the Maturity Date passes.**</mark>

<figure><img src="/files/3OmrfYfOHLqt4vCqyJCh" alt=""><figcaption></figcaption></figure>

① To claim your rewards, you can choose a pool where your rewards are accumulated by clicking **Update Status** button.

<figure><img src="/files/p4iwRUQmo1ENbhYzfUN2" alt=""><figcaption></figcaption></figure>

② Click Claim and then click **Claim**.

<div align="left"><figure><img src="/files/vFZKyRgz5XVkL9m5cmJQ" alt="" width="375"><figcaption></figcaption></figure></div>

③ Check the transaction fee and click the **Confirm** button.

<figure><img src="/files/Ovv8KQYUdVpd07DBInwb" alt=""><figcaption></figcaption></figure>

④ When you complete receiving the rewards, a **Success!** pop-up appears. **When claiming, the amount you receive are rewards. If you want to receive the principal together, you can either unstake it or wait until the maturity date to receive it all.**

<figure><img src="/files/vuqElKXuy7HKhP9wLwla" alt=""><figcaption></figcaption></figure>

⑤ If you want to check your staking amount, please check **My Staking in the Pools**. \
&#x20;    If you would like to check the rewards you have earned so far, please check **My Reward in the Pools**.

## **Withdrawing of Closed MVL Single Staking**

### Claim

<figure><img src="/files/lnvM9xjLZUNUNbiYUZiS" alt=""><figcaption></figcaption></figure>

① Click the **Claim** button for the pool you want to receive rewards from.

<figure><img src="/files/nDCfl4Ez5dK7NLfMXpvI" alt=""><figcaption></figcaption></figure>

② After checking the Total amount you receive, click the **Claim All** button.

<div align="left"><figure><img src="/files/wqTfB1WyJJWh8kwoPKmy" alt="" width="375"><figcaption></figcaption></figure></div>

③ Check the transaction fee and click the **Confirm** button.

<figure><img src="/files/yoHRrnDE9awMpeQXjeRO" alt=""><figcaption></figcaption></figure>

④ When you complete receiving the rewards, a **Success!** pop-up appears. **When claiming, the amount you receive is the sum of Total Staked Amount and all rewards accumulated so far.**

<figure><img src="/files/WlTbWaJTZ20lgEP24vID" alt=""><figcaption></figcaption></figure>

⑤ When the claiming process is completed, the button changes to Closed, and My Staking amount and My Reward change to 0 MVL.


# FAQ


# MVL Bridge

## **What is the conversion rate?**

The conversion of existing MVL ERC20 tokens and MVL BEP20 tokens is carried out in a 1:1 ratio. However, additional fees are incurred for the MVL Bridge service.

## **How long does the cross-chain transfer take?**

If done according to the user guide "How to use the MVL Bridge", the cross-chain transfer can be done in about 10 minutes. (The time required may vary depending on the individual).

## **When is the cross-chain transfer completed?**

The Pending state persists for a while after the Confirmed Transaction notification from MetaMask pop-up. The transfer of assets between chains can be considered 'complete' only when the Success Transfer window appears within the bridge page.

## **How can I check the progress of the bridge service**?

In the MVL Bridge page, we inform you of the bridge progress through the waiting window (Pending screen). If you leave the waiting window, you will not be able to get the bridge progress, so please be careful not to close the waiting window. The cross-chain transfer is generally processed within 10 minutes after the completion of MVL transmission, but please note that it may take up to an hour depending on network conditions. A separate screen where you can check the bridge progress for your account at a glance will be supported in the future.

## **What should I do if the message "Insufficient funds" is displayed on Metamask?**

There is an ETH or BNB gas fee when transferring tokens, but if there is no ETH or BNB in the wallet more than the amount to pay the gas fee, the insufficient funds warning message is displayed and the transaction cannot be performed. Before using the bridge service, please secure the sufficient amount of ETH or BNB in your Metamask wallet through the exchange.

## **Where can I view the cross-chain transaction?**

The processed result of the cross-chain transactions can be viewed through Etherscan for MVL (ERC20) and BSC scan for bMVL (BEP20). You can also check your balance through the **\[Swap**] tab on MVLBridge Website.


# Wallet

## Which wallet should I use for MVL Bridge?

<figure><img src="/files/GghlWx5LYNUaLGEDZuOP" alt=""><figcaption></figcaption></figure>

To use the MVL bridge service, you should install one of the following wallets: Metamask (Clutch), OKX, Bitget, or Gate. Please download the web extension to use MVL Bridge smoothly.


# Staking

## Can I participate from a clutch wallet?

Staking can also be done in Clutch Wallet.

However, Clutch Wallet is currently undergoing multiple updates for stable connection with various Web2 services and UI/UX improvements.

Therefore, depending on the situation of each version of Clutch, participation in Staking service in Clutch may be unstable.

Therefore, please participate in Staking through Metamask (Chrome Web recommended) if possible.

## Can I withdraw immediately while staking is in progress? Is unstaking possible?

The currently released staking **does not have a separate lock-up period,** and you can freely unstake until the end period.

## Where can I check the staking end date?

You can check end date on **Ends in**, and when you click the block, you will be moved to the screen where you can check the end date.

## Where can I see my current earnings?

You can check your revenue in real time from Staking **Earned** tap.

## Can I participate on mobile?

You can participate from PC as well as mobile.

## How much is APR?

If you link your wallet on the staking screen, you can check your APR in real time. We can't tell the exact number because it fluctuates in real time.

## When doing LP Staking, why does APR change in real time even though Total Liquidity is the same?

In the case of LP Staking, even if the Total Liquidity is the same, the APR will continue to fluctuate according to the price of the token.

## What is the ratio of BNB and bMVL or ETH and MVL when creating LP tokens?

LP tokens are created by supplying BNB and bMVL or ETH and MVL, which **have the same value**, in a one-to-one ratio.

As the value of the token fluctuates in real time, the ratio also fluctuates in real time.

## What are the similarities and differences between bMVLBNB LP Staking and MVLETH LP Staking?

BNB-bMVL LP Staking and ETH-MVL LP Staking have the same structure and participation method. The structure can be checked at BNB-bMVL LP Staking and ETH-MVL LP Staking. Participation method can be checked at the User Guide.

However, there are major differences in the network, required tokens, and a reward.

BNB-bMVL LP Staking uses the Binance Smart Chain (BSC) network. BNB-bMVL LP Staking requires BNB and bMVL tokens. As a reward, bMVL is paid.

ETH-MVL LP Staking uses the Ethereum network. ETH-MVL LP Staking requires ETH and MVL tokens. As a reward, MVL is paid.


# Other Activity

## Democopter

<figure><img src="/files/HPQRWKmA0dUGwouu2Csi" alt=""><figcaption></figcaption></figure>

Democopter is a Tuk-tuk helicopter a renovated version of DEMO T1.\
Simply press and hold the screen, then it rises into the air competing with other users for the farthest distance and avoiding portals and buildings.\
Various contests such as ranking battles are coming soon.\
Complete the Democopter mission and get the MVP rewards.

## MVL Solitaire

<figure><img src="/files/CJAF75SKWKwx8qDveC5j" alt=""><figcaption></figcaption></figure>

Klondike Solitaire is a classic card game you can play alone with 52 standard cards. \
The object of the game is to move all the cards to the foundation deck.

### 1. Foundation

<figure><img src="/files/1c9xTRDDEvUQCw7fV177" alt=""><figcaption></figcaption></figure>

Four decks of cards are stacked **in order from Ace(A) to King(K) of the same suit and color.** \
**Click** the card you want to put on the foundation and the card will be raised to the foundation.\
( Order: Ace(A) → 2 → 3 → 4 → 5 → 6 → 7 → 8 → 9 → 10 → Jack(J) → Queen(Q) → King(K) )

Please take this example.

<figure><img src="/files/bjDAaQQU2i1hR4uc4Y2d" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/rbx9GIIoqggIJVJkZoRz" alt=""><figcaption></figcaption></figure>

### 2. Tableau

<figure><img src="/files/fSFYBlE1vT477xZjxQWd" alt=""><figcaption></figcaption></figure>

These are the 7 columns which consist of the main table. \
The tableau should **be arranged in order from King(K) to Ace(A), alternating two different colors.** \
Columns can move to each other. \
**An empty column can be filled with a king or a column with a king at the front.**\
( Order: King(K) → Queen(Q) → Jack(J) → 10 → 9 → 8 → 7 → 6 → 5 → 4 → 3 → 2 → Ace(A) )

Below is examples.

<figure><img src="/files/6CooHp1027P4fNzYJXAV" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/W8kEjMsqMMHQJyUktNsD" alt=""><figcaption></figcaption></figure>

### 3. Stock Deck

<figure><img src="/files/BlAHorCDC0MpNPFb5FJq" alt=""><figcaption></figcaption></figure>

1 deck of face-down cards.

### 4. Waste Deck

<figure><img src="/files/UlXGW17QEmUZyyobqY19" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/oE61zSYff2YlDTQBVV4M" alt=""><figcaption></figcaption></figure>

A card taken from the stock deck is placed. Click the stock deck to show a waste deck. \
**Only the top card can be placed on the tableau or foundation.** \
The cards on the back cannot be moved.

<figure><img src="/files/QEp0g0tpZ8aAuNwc3a3n" alt=""><figcaption></figcaption></figure>

**When you run out of stock deck cards, simply press the arrow to show another stock deck card. However, the order of the cards is the same as the original order.**

### Game Success

<figure><img src="/files/39OE9a7BF12YyaYtx54Z" alt=""><figcaption></figcaption></figure>

**When open all of the unopened cards without a stock deck or waste deck, all the cards are automatically moved to the foundation deck. Then the game ends.**

<figure><img src="/files/Ynl2wo41jThZ7gBoQuIv" alt=""><figcaption></figcaption></figure>

**There are also some rounds that you cannot end, so please keep this in mind when playing.**


# MVL Fi Earn

This guide will walk you through how to use the MVL Fi Earn feature, step by step.

1. **Go to the** [**MVL Fi website**](https://mvlfi.mvlchain.io/en)
   * Head to MVL Fi and click on the **“Earn”** tab in the menu.
2. **Check the Available Vault**
   * Right now, the **USDC Earn Vault** is open on the **Ethereum network**.
   * ⚠️ **Note:** You’ll need a small amount of **ETH** in your wallet to cover the network fees.

<figure><img src="/files/cvNP3WjkcxljPZz2tuV8" alt=""><figcaption></figcaption></figure>

3. **Connect Your Wallet**

* Click **“Connect Wallet”** and select the wallet you want to use.

<figure><img src="/files/rSWgm8XJjb4YEE6soTeo" alt=""><figcaption></figcaption></figure>

* Log in to your wallet and approve the connection.

<figure><img src="/files/ibQTaqKjX8vUeQ05rk8O" alt="" width="362"><figcaption></figcaption></figure>

4. **Enter Deposit Amount**

* Type in how much **USDC** you want to deposit.
* You’ll be able to see the **APY** (Annual Percentage Yield) along with your projected monthly and yearly earnings.

<figure><img src="/files/WQEdkwfu1lVJcIo4khS5" alt="" width="524"><figcaption></figcaption></figure>

5. **Make a Deposit**

* This will open a request in your wallet.
* Review the **spending cap** request and click **confirm**.

<figure><img src="/files/2z8bYH4pKlYBzGuFGiEQ" alt="" width="359"><figcaption></figcaption></figure>

* Review the **transaction details** and **network fee**, then click **confirm** again.

<figure><img src="/files/4Hn0IndguYTwZKxnOkSo" alt="" width="352"><figcaption></figcaption></figure>

6. **Check Your Deposit**

* Once confirmed, you can see your deposited amount anytime by going to the **“Withdraw”** section.


# Contact Us

### Linktree

[***https://linktr.ee/mvlchain***](https://linktr.ee/mvlchain)

### **MVL Homepage**

EN : [***https://mvlchain.io/***](https://mvlchain.io/)

KO : [***https://ko.mvlchain.io/***](https://ko.mvlchain.io/)

### **MVL Bridge & Staking**

[***https://mvlbridge.io/***](https://mvlbridge.io/)

### **MVL Telegram**

EN : [***https://t.me/mvlchain\_en***](https://t.me/mvlchain_en)

KO : [***https://t.me/mvlchain\_kr***](https://t.me/mvlchain_kr)

### **MVL Facebook**

[***https://www.facebook.com/mvlchain/***](https://www.facebook.com/mvlchain/)

### **MVL Coinmarketcap**

[***https://coinmarketcap.com/currencies/mvl/***](https://coinmarketcap.com/currencies/mvl/)

### **Clutch**

IOS : [***https://apps.apple.com/us/app/clutch-wallet/id1598853856***](https://apps.apple.com/us/app/clutch-wallet/id1598853856)

Android : [***https://play.google.com/store/apps/details?id=io.mvlchain.wallet***](https://play.google.com/store/apps/details?id=io.mvlchain.wallet)