It is a blockchain-based ecosystem that connects all services, like the car dealer shops, mechanic shops and car rental companies, that touch your car to collect its lifetime data.
Participants from automobile-related companies, services or trade industry will be connected and they will insert core data related to driving, traffic accidents, repairs and other car-related transactions into the blockchain.
Participants who provide data related to automobile will receive MVL Point (MVP), a reward system used to encourage contribution to the ecosystem.
MVL Price Analysis
As of September 7 2024 MVL has a marketcap of $83M.
This is {{percentagefromath}} from its all time high of $0.06973.
In terms of its tokenomics, there's a total supply of 28B with 91% currently outstanding.
Keep in mind MVL has a fully diluted value of $91M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
