Introduction

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

	BRC-20	Ethscription	MVC-20
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

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.