M Vision Public Company Limited has recognized the potential for business expansion into digital assets with MVP Chain (Utility Type 1) and MVP Exchange, a key strategy to create new opportunities for the company in response to the growing demand in the digital market. Both MVP Chain and MVP Exchange will be developed to enhance the ecosystem of MVP Coin, with the following key plans outlined:
Launch of MVP Chain (October 30, 2024)
MVP Chain will support the growth of Utility Type 1 digital assets in a comprehensive manner, offering services for token creation and digital transactions. It aims to build a fully functional and scalable infrastructure that can expand to meet market demands more effectively.
Soft Launch of MVP Exchange (December 18, 2024)
MVP Exchange will be developed to allow users to conveniently and securely exchange and trade Utility Type 1 digital tokens only. The service will focus on competitive fees, ease of use, fast transactions, high security, and efficiency. With low fees and global transaction support, the platform will provide a competitive edge, suitable for both buyers and sellers who wish to utilize digital tokens.
The investment for the company’s working capital will be limited to no more than 1 million baht, covering the development and launch of MVP Chain (Utility Type 1) and MVP Exchange to ensure system readiness. The listing fee will not exceed 200,000 baht for the registration of tokens or digital assets on the platform. Trading fees will range from 0.5-3%, depending on market conditions, with fee adjustments based on user demand and usage at different times.
The expansion into digital asset businesses through MVP Chain and MVP Exchange will help create new revenue streams for the company, particularly from listing and trading fees, which will be key drivers in increasing revenue. The company will manage risks and carefully plan its expansion to ensure long-term growth.