Welcome to the MVC Incentivized Testnet

MVC is a revolutionary public blockchain integrated with multiple innovations. Based on the UTXO & POW model, it ground-breakingly achieved High Performance, extremely Low Fees, and high-level of Decentralization simultaneously. With the Layer 1 DID & Smart contract technology, MVC aims to become the №1 blockchain capable of helping 8 billion users enter the Web3 Era.

MVC Incentived Testnet (MIT) is the pre stage of MVC Mainnet Launch.

During testnet events, we welcome the MVC community to jointly build a scalable, decentralized, and high-performance Web3 blockchain for billions of future users.

How to Join：

https://www.mvc.space/mit

*Old users of ShowMoney please register a new MetaID account during the Testnet phase.

MIT Event Time UTC November 8th to 22th, 2022 (Please refer to the official site for the precise time)

MIT Tasks Finish 3 tasks to earn SPACE token rewards.

Campaign 1⃣ Explore MVC Ecology There are over 20 applications in the MVC ecology, covering from Social platforms and Games to NFT markets. Over 100K users have used the MVC ecosystem for over two years. It is a vivid ecosystem built by Web3 entrepreneurs from all over the world.

All the applications are built on a decentralized identity protocol, MetaID. It is the first Layer 1 DID on a UTXO-based blockchain worldwide. Only through a DID can the complexity and cost of developing Web3 applications on MVC be remarkably reduced, which is the premise of a large-scale popularization for Web3 applications.

*Please read “Learn More” before joining the campaign.

Campaign 2⃣ MVC Bug Hunt MVC is a revolutionary, builder-centered Web3 blockchain. Since MVC is featured with unlimited scaling, complete data on-chain, and low fees, applications on MVC might be insufficient in user experience, such as data on-chain upload failure, network error, a transaction failure, etc. This event aims to optimize the user experience by collecting bugs and feedback.

MVC is the only existing possible blockchain that solves the blockchain trilemma nowadays. Therefore, we welcome all the sophisticated developers and builders to discover and tackle emerging problems in this up-to-date technological experiment.

In the last three years, the ecosystem has been tested by over 150k users. Before the MVC mainnet launch, let’s gather to help us achieve the new Web3 endeavor on MVC!

Campaign 3⃣ MVC POW Mining The 10K SPACE mining reward is set to incentivize the mining of SPACE. During the event, miners who successfully mined at least one block of MVC are qualified to share the grand prize. The prize will be equally distributed to all winners. We welcome all users to follow the instruction and mine.

FAQ of MIT

What is SPACE? Think of MVC as a new universe, each block is an irreversible time unit, and a blockchain is an arrow of time. The number of resources of each block depends on users’ activities on MVC. The more digital activities users engage in, the more resources are contained in this block.

The Metaverse is the universe with Space and Time. Accordingly, each block resources (SPACE) and the arrow of block time constitute the MVC universe.

Therefore, the token of MVC is called SPACE, 1 unit of Space represents 100MB of available resources on the chain, which can be used for contract running gas, transactions, on-chain storage and many other functions (Usually 100MB resources can be used for about 1B times of transactions, execute 10K smart contracts, and store 100 photos). Available resources of 1 unit of SPACE on the chain will continue increase when the MVC ecosystem expands and the user numbers grow due to the competition of miners, which means the more users, the more extensive the ecology, and the lower the cost of use.

When will SPACE rewards be distributed?

Both users and miners can get the corresponding SPACE reward after completing the task. The rewarded SPACE is in ERC-20 format. After the MVC mainnet goes online, it can be exchanged for SPACE (mainnet format). During the Testnet stage, each MetaID can receive 0.02 SPACE (test format) per day, which is used in MVC applications and cannot be exchanged for the mainnet SPACE.We will detect malicious cheaters and exclude that amount of cheating from the actual airdrop.

Both users and miners can get the corresponding SPACE reward after completing the task. The rewarded SPACE is in ERC-20 format. After the MVC mainnet goes online, it can be exchanged for one-to-one SPACE (mainnet format). During the Testnet stage, each MetaID can receive 0.02 SPACE (test format) per day, which is used in MVC applications and cannot be exchanged for the mainnet SPACE. We will detect malicious cheaters and exclude that amount of cheating from the actual airdrop.

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Welcome to the MVC Incentivized Testnet

Read more: MVC DAO Manifesto

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