First, in the new car phase, a newly manufactured vehicle is handed over to an individual or a business owner. When data on the new vehicle is entered into the MVL Ecosystem, it will be the first time the car will interact with other participants in the MVL Ecosystem.
In the driving phase, participants drive their cars for personal use or business (e.g. driving a cab). The car owner and driver (whether they are individuals or companies) and the passenger will be the participants in this phase.
In the non-driving phase, a vehicle is evaluated, fixed and maintained. Here, other participants like the insurance company and mechanic shop who are neither the owners nor driver of the vehicle become involved. These participants upload data to the MVL Ecosystem that is important in assessing the value of a vehicle. Gas stations or car washers can also contribute data to the MVL Ecosystem in this phase.
The fourth phase is the used-car trade phase, where the owner of a car changes as a car is bought and sold. The ownership of a vehicle can switch from a company, such as a car rental company, to a private individual. The MVL Ecosystem seeks to ensure the car is accurately priced based on the data uploaded to the MVL Ecosystem in the new car, driving and non-driving phases. The final phase contemplates many transactions occurring among individuals and businesses alike. After a vehicle finds new owners, the vehicle goes through the driving, non-driving and used-car trade phases again until it is eventually scrapped.
1st PRE ICO has sold out early.
2nd PRE ICO:
• Schedule: 5/3 21:00 ~ 5/11 21:00 (UTC+9)
• Total MVL (Bonus Incl.):1,380,000,000
• Bonus rate: +15%, 20% bonus for purchases in first 48H
• Bonus lock policy: Bonus locked for 3 months
For more detail information, please contact us at
Website: https://mvlchain.io/
White Paper: https://mvlchain.io/papers/mvl_white_paper_en.pdf
Facebook: https://www.facebook.com/mvlchain
Telegram: https://t.me/mvlchain_en
My bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1308037