# Introduction

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## What is MVC-20?

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.

## Feature

* 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.

## Comparison

<table><thead><tr><th width="167"></th><th width="175">BRC-20</th><th width="156">Ethscription</th><th>MVC-20</th></tr></thead><tbody><tr><td>Blockchain</td><td>Bitcoin</td><td>Ethereum</td><td>MVC</td></tr><tr><td>Fair Launch</td><td>Yes</td><td>Yes</td><td>Yes</td></tr><tr><td>Permissionless Deploy</td><td>Yes</td><td>Yes</td><td>Yes</td></tr><tr><td>Indexer</td><td>Open Source(Not completed yet)</td><td>Open Source</td><td>Open Source</td></tr><tr><td>Layer-1 Token</td><td>No</td><td>Yes</td><td>Yes</td></tr><tr><td>DeFi Integration</td><td>No</td><td>Yes</td><td>Yes</td></tr><tr><td>Capacity</td><td>Low</td><td>Low</td><td>Very High</td></tr></tbody></table>

## Burn to Mint

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.

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