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.
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 lock-up. Since this is controlled through Smart Contract, lock-up cannot be arbitrarily released mid-term.
Tokens that have completed the lock-up 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 → Lock-Up → Governance → Release" economy system, a structure is completed where the growth of mobility services and MVL value are organically linked.
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 Lock-Up 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 locked 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 locked 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.