There’s little doubt that you are going to grab a little extra attention when you have a ticker like MTV for a token in crypto.
In this sense, it says a lot about the ambitions of the MultiVAC (MTV) team for the foreseeable future. It’s one thing to talk about using such a ticker, but a whole different story to actually implement it.
It communicates that the company is ready to go big or fall flat on it’s face.
In any case, MultiVAC is one of the numerous blockchain platform creators that have made it their business to provide a solution that solves the scalability problem that has been brought to the spotlight due to the explosion of Etherium (ETH) gas fees in recent times.
While there have been various types of proposed solutions that claims to be able to solve this issue, one of the mechanisms that have garnered popularity is the concept of sharding.
MTV is on of the projects that is at the forefront of this system.
It must be said that while the successful tests and implementation of the MTV chain can be a real breakthrough in the cryptocurrency space, the issue of adoption is a whole different matter.
The longer it takes for companies like MTV to go mainnet and mainstream, the bigger the challenge becomes in terms of adoption as other projects such as Polkadot (DOT), Tron (TRX), and Harmony (ONE) are already starting to chip away at Etherium’s marketshare.
This means that that ultimate success of MultiVAC heavily depends the speed at which they develop the project and the speed of widespread adoption.
However, it’s worth noting that with a strong lineup of heavy-hitting partners and investors, adoption should not be a major problem compared to projects with lesser accomplished advisors.
Some of the partners of the MTV network include Arrington XRP Capital, Block Rock Ventures, Hashed, Genesis, etc. Even the charismatic CEO of Kucoin exchange Johnny Lyu is rumoured to be a special advisor to the project.
So you’d probably be high on something to bet against MTV.
If we look at the sharding niche, the darlings of the space are Harmony (ONE) and Zilliqa (ZIL).
Here is a simple tokenomics comparison table of the 3 tokens. Price at time of publication.
| ONE |
ZIL |
MTV |
|
| Max Supply | 12.6B | 21B | 10B |
| Price | $0.17 | $0.19 | $0.005 |
| Market Cap | $2.142B | $3.99B | $50M |
Looking at the potential upside that comes with MTV if it successfully deploys it’s platform in the short to medium term, MTV looks like one of those coins where we grab a bag and leave it alone for a year and see what happens.
Even if it reaches half the token market value of Harmony ONE, we are looking a 20x gain from it’s current price.
This can be very realistic especially when Altcoin season is just beginning.
Where to buy MTV?
MultiVAC’s MTV token can be traded at Kucoin, Gate.oi, MXC, and swaps in a wrapped version at Uniswap.
It is most actively traded on Kucoin and you should have very little liquidity problems holding it on the Kucoin exchange.
You can also stake it at as high as 30% APR on Kucion’s integrated pooling site.
If you are using credit cards to buy MTV, take note that crypto purchases with credit card on Kucoin can expose you to very high service fees. So it would be much more worthwhile to purchase crypto on a place like Binance, transfer them to Kucoin, and then trade it for MTV tokens. This could mean a difference of thousands of tokens.
Every token counts in the world of cryptocurrency.