According to official news, the Bitcoin side chain MVC released its first inscription protocol MVC-20 and will start Fair Mint (Fair Mint) on January 22.
It is understood that MVC-20 aims to build an innovative fair distribution mechanism. MVC-20 adopts a Burn to Mint mechanism, with no pre-sale, no whitelist, no team allocation, and no pre-emptive trading of Gas fees; all users who mint MVC-20 tokens must burn a certain amount of SPACE. The destroyed SPACE is converted into the intrinsic value of MVC-20 tokens and will not flow into the wallets of project parties or miners.