## What is Mylivn Coin (MLVC) ? 
 
Mylivn Coin (MLVC) is a token that has been designed to be the universal currency for the unique monetization model inside the social network mylivn. MLVC is an ESDT standard token issued on the Elrond blockchain.  

The mylivn network and its users will power the MLVC. 

MLVC has a utility value as an exchange medium, as users would have to buy and hold it to make and receive payments inside the network. Users and creators can choose between a variety of content monetization options within the platform, including: 

* Creating and selling NFT’s 
* Giving and receiving donations 
* Getting access to premium accounts 
* Getting access to premium content 
* Premium access to live videos 
* Live shopping 
* Selling merchandise 

The biggest value for MLVC holders comes along with a constant generation of advertising revenue flow by mylivn which will be shared with creators in a ratio of 70% (creators) to 30% (mylivn). Since all payouts to creators are made in MLVC, mylivn will always convert the 70% share of advertising revenue into MLVC by purchasing it on public exchanges from current holders and market makers. 

In addition to that mylivn needs to continuously buy MLVC from the market to keep a treasury inside the network for off-chain transactions. While the user and creator base will grow, the MLVC demand will exponentially rise as well as the trading volume. Together with limited supply, it would inevitably lead to an increasement of the value of MLVC. 

More information about MLVC you can find on [Mylivn Coin page](https://mylivn.com/coin).

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