MVL Lists Token on Gate.io Exchange, Plans Global Expansion of Mobility Services

SEOUL, SOUTH KOREA, March 27, 2024 (GLOBE NEWSWIRE) – MVL, a blockchain mobility company, announced the listing of its digital token on Gate.io, a top 10 global cryptocurrency exchange. This listing marks the company’s third digital asset placement this month.

MVL participated in Gate.io’s Startup launchpad program from March 24-26, distributing $80,000 worth of MVL tokens via a complimentary allocation. The MVL (ERC20) tokens became available for trading on the USDT market via Gate.io’s spot trading platform at 8PM on the concluding day of the program, March 26. 

MVL is transforming mobility in Southeast Asia through blockchain, operating the ridesharing service TADA and the electric vehicle manufacturer and energy infrastructure company ONiON Mobility. TADA currently offers commission-free ridesharing across Singapore, Vietnam, Thailand and Cambodia, achieving the number two rank in the Southeast Asian market through significant 2023 expansion. The company aims to expand services across Southeast Asia as well as into South Korea, Hong Kong and Japan.  

ONiON Mobility advocates for electric tricycles and tuk-tuks through its 13 EV battery swap stations and electric vehicle production. The company also unveiled electric motorcycles in November, gaining traction in the region and broadening operations. 

In a recent Twitter AMA, MVL shared business updates and plans to integrate its growing physical mobility business with blockchain over six years, actively participating in the emerging RWA and dePIN sectors.

MVL CEO Kyungsik Woo stated, “This listing will facilitate global expansion and promote MVL news and activities to domestic and international audiences, strengthening our global brand.”

 About Gate.io:

Gate.io ranks among the world’s largest cryptocurrency exchanges by trading volume, with over $2 billion daily. It supports over 1,400 digital assets and 2,500 trading pairs across nearly 130 countries. Founded in 2013, Gate.io serves over 13 million users.

About MVL: 

MVL is creating a new mobile world where value belongs to all. By combining blockchain with mobility, MVL aims to establish a standard for transparent value sharing across the ecosystem.