MVL, a blockchain mobility firm, announced its listing on Gate.io, a leading global cryptocurrency exchange ranked in the top 10. This marks the company's third listing this month. MVL participated in Gate.io's new launchpad program, Startup, from March 24-26, distributing $80,000 worth of MVL tokens through a complimentary subscription offering. As a result, MVL(ERC20) tokens became available for trading on Gate.io's Spot trading platform in the USDT market on the 26th, the final day of the startup program.
MVL is transforming the mobility sector in Southeast Asia through the adoption of blockchain technology, managing both the ride-sharing platform TADA and the electric vehicle manufacturing and energy infrastructure firm ONiON Mobility. TADA, operated by MVL, offers driver-centric ride-sharing services free of commission fees in four nations: Singapore, Vietnam, Thailand, and Cambodia. Its significant growth in 2023 has propelled it to become the second-largest platform in the Southeast Asian region. MVL aims to further expand its services in Southeast Asia and extend its presence across Asia, including South Korea, Hong Kong, and Japan.
ONiON Mobility is championing the adoption of electric-powered tricycles, commonly known as Tuk-tuks, a popular mode of transportation in Southeast Asia. With 13 electric vehicle (EV) battery swap stations, the company is actively involved in manufacturing electric tricycles. Additionally, it introduced electric motorcycles in November last year, receiving positive feedback in the region. Currently, ONiON Mobility is expanding and diversifying its business operations.
Recently, MVL shared updates on its overall business status and future strategies through a Twitter Ask Me Anything (AMA) session. The company announced its commitment to incorporating blockchain technology into its expanding physical mobility business over the next six years. This move aims to enable active participation in the emerging RWA (Real-world asset) and dePIN (decentralized physical infrastructure network) sectors, which are increasingly prominent in the blockchain industry.
Kyungsik Woo, CEO of MVL, stated, "This listing will be utilized as a launching pad for global expansion. Additionally, it will be used to promote various news and actions of MVL to both domestic and international users with the aim of bolstering global brand recognition".