What We Know About the MVC Team (MVC Labs)
MVC will be entirely driven by the DAO as a pure public blockchain, but there is an initial contributor team.
MVC was built by 9 different teams from multiple countries and is a culmination of effort from dozens of people working together for almost three years. Most of the core players have worked on Bitcoin and believe that the UTXO model is the best... More
"The Blockchain for Web3"
Micro Vision Chain (MVC) $SPACE is an innovative new L1 blockchain.
Bitcoin + Smart Contracts + Decentralized ID + Scalability.
I'm very excited about this project, and it's one of the new ALPHA tokens that I fully expect to perform well over 100X by 2025.
There are so MANY reasons I love this project.
Here are just a FEW of the reasons why I'm stacking $SPACE:
+... More
One of the best tokenomics I've seen…
It's not often that you come across tokenomics with only THREE line items, but that's the case with Micro Vision Chain (MVC) $SPACE:
Initial Contributors - 10% PoW - 35% DAO - 55%
There are no private investors or pre-sale of any kind!
There's a fixed supply of 21M $SPACE, and the token officially launched on January 26, 2023, which is considered Day... More
No pre-minted token allocation: this is probably my ultimate criteria for sustainable economic model. I hate to see 50% of the supply being allocated for free to people. I can't stress enough how happy I am to see another project launching this way, it's very rare.
Released handle through Initial Contributors: 10%, PoW (mining) 35% of the supply, the other 55% through contribution of code, etc.... More
MicroVisionChain are branding themselves as the 'blockchain of web3'. In short from what I understand they are a highly scalable layer 1 blockchain and are claiming to outperform all existing other blockchains out there due to its unlimited scalability. One of the project's main aims is to become 'best side chain of Bitcoin' by acting like Bitcoin's external and scalable hard drive.
The thing... More
I love this project based on 30min research. Gives me Kaspa vibes. I wouldn't mind spending a whole day or two diving into this project's whitepaper, roadmap and other infos. Attached img shows a summary of what they are.
What I love:
I would like to see more marketing efforts from MVC's side. Currently, there are no prominent YouTube videos available about MicroVisionChain, despite there being a lot to share about the project. I strongly believe in the power of marketing and have previously expressed my support for the Golden Circle concept by Simon Sinek, especially when it comes to highly technical projects like MVC.
If... More
As an investor and reader, it is important to have transparency and knowledge of what lies ahead. I believe the roadmap would benefit from a more structured and detailed approach, incorporating elements such as smart planning and Scrum methodologies. These additions would enhance the roadmap's clarity and help investors understand the progress and future milestones. Due to the absence of these aspects, I feel compelled to give a lower rating.
I am a big fan of their tokenomics, however there are a few things I'm less of a fan regarding the whole project. They are a scaling solution and smart contract operator for the BTC network if I understand correctly (maybe they are entirely unrelated, so their website is not clear in that regard). If they are related, this is great since there are very few competitors to bolster the BTC network... More
Heshuchao, a member of the MVC Node Development Team, explained the need for a blockchain that can support massive web3 applications with specific features such as POW, low transaction fees, high concurrency, support for millions of users, turing-complete layer-1 smart contracts, and optimized DID solutions. According to Heshuchao, no existing chain meets all of these conditions, leading to the... More
MVC is a highly scalable layer-1 decentralized ID blockchain that outperforms all existing blockchains due to its unlimited scalability. It's a fair launch, community-driven public blockchain with a UTXO bitcoin structure and no official investor guide, VC, or IXO.
Despite having only 7677 followers on Twitter and 1422 on TG, MVC seems transparent in its communication and receives a good... More
After conducting a review of the on-chain activity, I can draw some conclusions regarding whether I should invest or not. One interesting aspect is the relatively low market cap of $2,647,347, which suggests significant growth potential. Additionally, the low trading volume of $11,970 stands out. Trading volume refers to the number of shares or tokens traded within a specific timeframe. A low trading volume can indicate a lack of interest in buying or selling. In certain situations, such as a downtrend, low trading volume can be seen as a bullish signal and may present an opportunity for investors to consider buying.
MVC currently has 14 applications on their ecosystem, a far cry from other ecosystems that only recently launched their MainNet (Sui has 44 applications as of 16 May), and it currently seems that most, if not all, of the applications on MVC are from Show3, or the MVC Team. It would be interesting to see how the project picks up steam with their progress and with more developers coming in, see if... More
In order to grasp the technology behind MVC, I had to review the Technical Document, which is available on their website and also included below in this review.
The biggest issue in the blockchain industry has always been the problem of scaling, or making blockchain systems handle a large number of transactions efficiently. Different blockchain projects have come up with various solutions to... More
Would I be stacking and buying $SPACE?
MVC has an extremely healthy tokenomics, with no VC unlocks, fixed token supply of 21M, and it feels like a strong callback to bitcoin but with stronger and better ecosystem growth, allowing users to hop in and to build on the space.
While reading up on the project, I got excited like when I first found out about bitcoin and crypto in general, and they... More
$SPACE has no pre-minted token allocation, which is something that has been extremely rare - we've been used to seeing ~50% of token allocation towards partnerships/teams/investors/pre-seed and the such, and to see that a project has all token distributed by workload is amazing. The breakdown is as follows:
MVC maintains communication channels through Twitter, Discord, Show3 (which is not commonly seen), Telegram, and email. While there is potential for growth in terms of numbers, the level of activity and engagement is noteworthy. I didn't observe any bot-like behavior, and the ratio between members and online activity is quite good. It's refreshing to have a "nerdy" chat platform like Show3, which... More
As the AMA with MVC is coming up, I decided to take a look into the project, and I was pleasantly amazed at how strong the project is.
They are looking to call themselves the "blockchain of web3", a strong claim, but they look to be able to back it up with high scalability (almost unlimited) and also claim to be able to "outperform all existing blockchains". It would be interesting to see how... More
I am impressed by the balance that is within the tokenomics of MVC. The token launch took place on January 26, 2023, and it was a successful and fair launch, not IDO, or ICO. The initial contributors provided the funding for the establishment, node operation, and executive operation. The maximum number of tokens available is 21 million, and they are distributed based on workload.
Proof of Work... More
Given the DAO nature of MicroVisionChain, you would expect a community feel in their socials. And in this area, the project doesn't disappoint.
The Twitter community has 5260 followers. There is a healthy level of engagement, likes and retweets here with regular updates on the DAO and the milestones that are being met along the project's timeline.
There are over 6k participants in Discord. To... More
MicroVisionChain SPACEMicroVisionChain (SPACE) is a cryptocurrency launched in 2023
