FAQ

Frequently Asked Questions

Why Burn To Mint?

MVC-20 has low transaction fees and no congestion issues, which means it could attract a large number of "miners" and frontrunners if minting tokens incurs no cost. To prevent this, Burn to Mint has been implemented. This adds a cost to every token creation transaction in the form of a burning fee set by the contract deployment. By doing this, fair competition among users is ensured and frontrunning is prevented. Furthermore, the burned Space value is converted into an intrinsic value for the MVC-20 token, thereby increasing its overall value. The burning fee will be sent to a black hole address, that is 1111111111111111111114oLvT2.

Can MVC-20 Token be listed on an exchange?

Yes.

The Dex that already supports MVC-20 are MVCSwap, Orders.

The CEX that already supports MVC-20 are: safe.Trade.

As MVC-20 is built on Layer-1 smart contracts and the MVC ASSETS INDEXER is open-source, it is expected that an increasing number of exchanges will support MVC-20 as more tokens are deployed on the blockchain.

Create Token Pair

1. Go to mvcswap create page.

2. Connect your wallet.

3. Copy the TokenID. You can find the TokenID in our Token List page, just click to copy it.

1. Input the TokenID

Back to the MVCSwap page, if you enter the correct Sensible ID (also known as Token ID), the interface will display the symbol and name of the respective token. You can then proceed to the next step.

5. Pay the fee for creating a trading pair.

6. Upload Token Icon.

After creating the trading pair, you can upload your token icon for display in MVCSwap. Visit github to learn how to update the token icon.