Introduction
Last updated
Last updated
MVC-20 is a Fair Launch token issuance mechanism on the MVC network, a Layer-1 blockchain network. It is a token issuance solution that is based on Layer-1 smart contracts and has already established a preliminary ecosystem.
Layer-1 Smart Contracts: The token issuance mechanism is built on Layer-1 smart contracts, enabling interaction with numerous DeFi ecosystems and Web3 applications on the MVC network.
Fair Launch: MVC-20 uses a fair launch model to prevent frontrunners like bots and ensure equal opportunities for all participants during the token issuance process.
Scalability: MVC has solved scalability issues and can handle large user volumes. MVC-20 is expected to be the most scalable solution among many "Fair Launch" asset issuance mechanisms.
Blockchain
Bitcoin
Ethereum
MVC
Fair Launch
Yes
Yes
Yes
Permissionless Deploy
Yes
Yes
Yes
Indexer
Open Source(Not completed yet)
Open Source
Open Source
Layer-1 Token
No
Yes
Yes
DeFi Integration
No
Yes
Yes
Capacity
Low
Low
Very High
There is a significant difference between MVC-20 and other asset protocols such as BRC-20. MVC-20 introduces the Burn To Mint concept, which allows the deployer to set a customizable burning fee rate for deploying MVC-20 tokens. To mint tokens of a specific MVC-20 token, users must first burn a designated amount of SPACE tokens before proceeding with the minting process. The burning fee rate can be set between 0 and 10 SPACE tokens.