Mileverse purchases 500 million won worth of MVC
To our valued MileVerse community,
As part of our ongoing efforts to ensure the stability and growth of the MileVerse ecosystem, we are excited to share an important update regarding our market strategy for MVC, our platform’s utility token. Recognizing the need for decisive action to maintain the token’s value the MileVerse team has embarked on a strategic initiative focused on the purchase and subsequent incineration of MVC.
This initiative is aimed at reducing the circulating supply of MVC, thereby contributing to the stabilization of its market value and enhancing the overall integrity of our mileage payment system. We are committed to executing this plan with the utmost transparency and diligence, ensuring that our community is kept informed every step of the way.
MVC Purchase Schedule and Scale
- Purchase Period: From February 14th (Wednesday) to March 31st (Sunday).
- Purchase Scale: A total of 500 million KRW worth of MVC will be targeted for purchase.
MVC Incineration Information
- Schedule: Incineration will be conducted following the completion of the purchase.
- Quantity to be Incinerated: Details will be updated post-purchase.
- Incineration Wallet Address: To be announced in a future update.
Our commitment to creating a safer, more transparent mileage payment system remains unwavering. These measures will significantly contribute to the long-term viability and success of the MileVerse platform. We thank you for your continued support and trust in our vision.
For those who haven’t yet explored our app, the MileVerse platform can be easily accessed by downloading our app from the Google Play Store and the Apple App Store:
Download the MileVerse App on Android or iOS
- Android Version: https://bit.ly/2LkYoSJ
- iOS Version: https://apple.co/3qIn3B0
