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.

Read more: MVC DAO Manifesto

https://www.mvc.space/announcement/detail/2

Official Site: https://www.mvc.space/

Discord: https://discord.gg/RGHWazu9eS

Twrtter: https://twitter.com/mvcglobal

Medium: https://medium.com/@mvcglobal

Intagram: https://www.instagram.com/mvcglobal/

Telegram: https://t.me/mvcofficial

Linkedin: https://www.linkedin.com/in/mvc-mvcglobal-3a3a24248/

Blockchain Scalability Problem

MVC, Born for Web3

MVC Is Operating in DAO

Future Plans of MVC DAO

MVC DAO Labs Introduction

Welcome to join MVC

Scaling Is the Major Issue in Blockchain Industry

The core problem of the blockchain industry is scaling, which means it is impossible to be used by the vast market. The well-known trilemma of blockchain is still unresolved. Many scaling solutions have emerged in recent years, including sharding, Rollup, DAG, etc.

Web3 industry face enormous challenges with progressive talents joining the Web3 revolution. It is almost impossible for everyone to migrate from Web2 to Web3 with the insufficient capacity of the existing blockchain facilities.

The traditional Web2 platforms still use physical tapes, optical disks and hard disks to store data. When it comes to massive data storage and backup, losses and damages are easy to occur. Like the Facebook–Cambridge Analytica data scandal, companies cannot guarantee data security even utilizing top-tier data storage services. Web3 should be the hope of ensuring data security and lowering the data size. Currently, the transaction volume that a blockchain can accommodate affects the possibility of scaling. Extensive files on chain were prone to cause a dramatic swell of the data storage device, so many blockchains set a limit to the size of transactions and blocks due to the design limitation by nature.

Debates are rising that the rapid development of blockchains like Ethereum is leading us into a new situation: extremely high fees. More users flood in and higher fees are charged. How could you not be nostalgic about the free Web2 experience when you have to pay dozens of dollars to upload one piece of data to the blockchain?

MVC, Blockchain for Web3

MVC is short for MicroVisionChain. It represents how everyone’s small vision can turn into the Metaverse. We believe the Internet Revolution is always bottom up and the future of Web3 is built step by step by every entrepreneur.

Quite a few people in the industry realize that the original design of bitcoin provides the possibility of unlimited scaling. In general, the UTXO model is considered flawed, such as the lack of the Layer-1 smart contract and account-based user model. MVC is reinventing the original bitcoin design and bringing up a revolutionary scaling solution, we can

• Apply the UTXO model to achieve high concurrency.

• Apply Big Blocks to scale infinite blocks with years of testing.

• Apply PoW consensus to ensure a high level of decentralization, and ensure super nodes to empower every miner to handle massive data.

• Apply the advanced algorithm developed by the HPC from the world’s leading university.

MVC is the revolutionary blockchain with multiple innovative technologies. With the UTXO model and PoW consensus, it unprecedentedly achieves high performance, very low fees, and high level of decentralization simultaneously. With the Layer-1 data structure and smart contract, MVC is solving the blockchain trilemma: speed, security and decentralization, hence presenting to the world a revolutionary blockchain with the original design of bitcoin, layer-1 smart contract, DID, and unlimited scalability.

We believe MVC will be the dreamland for Web3 entrepreneurs. On MVC, Web3 believers can build an infinite Metaverse with boundless imagination since MVC will be the only blockchain capable of running massive Web3 applications in the future.

MVC, the Blockchain Run in DAO

MVC is run in the most decentralized method, DAO. MVC DAO’s initial team members consist of Scholars of the Chinese Academy of Sciences, Tsinghua University, National University of Singapore, Web2 founders, Crypto OGs, and builders. As a low-profile new blockchain with firmed infrastructure, MVC does not have a monopolistic sponsor or venture capital behind it. It is a builder-centered Web3 blockchain with only DAO initiators.

MVC token, SPACE, is distributed through the method of Proof of Building (Builder’s Foundation). Near half the SPACE (Resources on chain) will be allocated to the major ecosystem contributors to ensure their benefit.

In the first stage, we will recruit no more than 100 DAO members to support MVC test net launch.

In the second stage, we will demonstrate how

• With or without learning curves, developers can build Web3 businesses with no limit using MVC.

• MVC breaks the convention of high fees led by the large number of users in existing blockchains. MVC will show the magic of how the transaction fees reduce to zero with the growth of user transactions.

• MVC deploys smart contracts and stores files simultaneously.

In the third stage, we will launch the mainnet and focus on helping the developers to migrate Web2 business to Web3 from scratch, for example, we expect to see Web3 twitter, Web3 youtube and so on.

In the fourth stage, we will gradually build the next generation of the Internet with a growing number of contributors to MVC.

MVC DAO Future Plan

This year, we will launch multiple Web3 programs:

MIT Program, it is short for the MVC Incentived Testnet Program. MIT is designed for potential users and miners to join the testnet in advance. Participants will enjoy SPACE Airdrop when they finish specified tasks as rewards.

MCB Program, it is short for the MVC Community Building Program. MCB is designed to help further builders and content contributors to join the community. Participants will enjoy SPACE Airdrop when they finish speficified tasks as rewards.

MIP Program, it is short for the MVC Incubation Program. MIP is designed to incentivize Web3 startups to join the MVC ecosystem. If you are an enthusiast with innovation, passion, and talent, we extremely welcome you to join our MIP program to build blockchain infrastructure like DeFi, GameFi, etc. Contributors will be rewarded with SPACE tokens in the Proof of Building consensus.

MVH Program, it is short for the MVC Hackathon. MVC values crypto assets and data security at heart so MVH is a bounty program designed for bug hunters and sophisticated developers to reward with SPACE tokens.

MPT Program, it is short for the MVC Programmer Training Program. The program aims to educate Bitcoin language sCrypt and Ethereum language Solidity and bring more developers to build Web3.

What are MVC DAO Labs?

MVC Labs is affiliated with MVC DAO. It is the core developing team of MVC and an innovative Web3 laboratory.

Web3 builders have to face enormous challenges such as high fees, network shutdowns, traffic jams, data lagging, hackers’ attacks, etc. Those haunting reasons are also obstacles to the massive adoption of Web3 applications.

Therefore, MVC Labs is dedicated to providing valuable Web3 guidance to those who are endeavoring to seize the opportunity in the new wave of Internet revolution.

MVC Labs is anticipating:

1. To guide newbies to understand the crypto industry.

2. To help users to learn, work and build in Web3.

3. To embrace every new business opportunity via innovative business models and technology innovation from the Web3.

We are looking forward to hear from you, and more info about MVC Labs can be found at: https://www.mvc.space/team.html

Welcome to Join the MVC DAO !

If you are a Web3 advocate and agree with our value, you are more than welcome to join the MVC DAO! We want all kinds of talent in this Web3 journey, including but not limited to developers, designers, marketers, etc. Let’s jump into the Web3 through MVC blockchain!

Official Channls

Discord: https://discord.gg/RGHWazu9eS

Twrtter: https://twitter.com/mvcglobal

Medium: https://medium.com/@mvcglobal

Intagram: https://www.instagram.com/mvcglobal/

Telegram: https://t.me/mvcglobal

Linkedin: https://www.linkedin.com/in/mvc-mvcglobal-3a3a24248/