MVL
Crypto Overview
Project Overview
MVL (Mass Vehicle Ledger) is a blockchain-based ecosystem for all vehicle-related services. The project aims to create a transparent and reliable database of vehicle-related information using blockchain technology.
Intended Utility
The MVL token serves as the native cryptocurrency of the MVL ecosystem, primarily used to incentivize data sharing and facilitate transactions within their mobility platform. It powers TADA, a ride-hailing service operating in Singapore, Vietnam, and Cambodia.
Business Model and Platform
The platform records various vehicle-related data points including driving patterns, maintenance history, and vehicle conditions. Users earn MVL tokens for contributing data, while service providers can access this data to provide better services. The ecosystem includes ride-hailing, car-sharing, and vehicle maintenance services.
Actual Implementation and Usage
MVL has demonstrated real-world utility through its TADA ride-hailing service, which has gained significant adoption in Southeast Asian markets. The platform has recorded millions of rides and maintains active partnerships with various automotive service providers.
Token Distribution and Governance
The token distribution includes allocations for platform development, team incentives, and ecosystem growth. The project maintains transparency regarding token vesting schedules and uses tokens primarily to incentivize platform participation and facilitate ecosystem transactions.
Technology and Revenue Model
The revenue model is based on transaction fees and data monetization, without involving interest-bearing mechanisms or forbidden activities. The platform focuses on providing legitimate vehicle-related services and maintaining a transparent ecosystem for all participants.
Crypto Impact
To assign a comfort level investing in MVL from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to MVL.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.