MVL, a blockchain mobility business, has just announced that it is now live on Bitget’s USDT market, a global cryptocurrency exchange.
TakeAway Points:
- Blockchain mobility business MVL announced its listing on Bitget.
- MVL aims to increase the number of users worldwide and strengthen its brand recognition internationally through being listed.
- However, the report states that MVL has been running SEA market-focused mobility services since 2018.
MVL is on BitGet
Following its previous announcement post on X about its listing today on Bitget. MVL aims to increase the number of users worldwide and strengthen its brand recognition internationally. A number of airdrop events are taking place on the Bitget exchange to mark this milestone.
Candy Bomb is one of the events being held to commemorate this achievement. There are three pools in the Candy Bomb event: USDT investment, MVL trading, and referral. The total reward pool is 3,571,428 MVL tokens. Other events include the MVL earn event and the net deposit debate event.
Kay Woo, MVL CEO, had earlier expressed that this listing would attract a sizable number of users from throughout the globe.
“This listing will attract a substantial international user base and elevate our global brand recognition. We have ambitious plans to further our presence in the global blockchain industry.” Woo said.
About Bitget
According to CoinMarketCap, Bitget, which has its headquarters in Singapore, is one of the top 10 exchanges for spot trading and one of the top 5 for futures trading. To enhance user experience and reduce barriers to entry for cryptocurrencies, Bitget offers sophisticated trading capabilities, including copy trading and smart trading. With users from more than 100 countries, the platform has over 20 million users.
In an effort to revolutionise the mobility sector using blockchain technology, MVL has been running SEA market-focused mobility services since 2018. These services include the ride-sharing platform TADA and the energy infrastructure and electric car manufacturing firm ONiON Mobility.
The zero-commission strategy of MVL has allowed its TADA to grow significantly in the Singaporean market, and it has now extended its services to include Thailand, Vietnam, and Cambodia.
“TADA has emerged as the second-largest platform in the Southeast Asian market, experiencing notable growth and achieving profitability in 2023. We intend to expand our services to various regions of Asia in the near future.” Woo stated this in a recent interview, according to sources.
MVL
In addition, MVL is developing a token economy that distributes profits from its profitable real-world operations to holders of MVL tokens and ecosystem participants. In order to make this easier, MVL is putting in place a recirculation programme and a buyback programme for tokens that are financed by the company’s actual profits.
Furthermore, MVL recently revealed on Twitter that it is creating a decentralised physical infrastructure network called DEPIN. By incorporating the enormous volume of data gathered from its physical mobility business with blockchain technology, MVL hopes to add further value. In addition, MVL is currently using blockchain technology to store data from electric tricycles made by ONiON Mobility in order to create new NFT financial products.
