What is MOTIV Protocol (MOV) | What is MOV token

MOV (MOTIV Token)

MOV is a utility token that is used on the MOTIV platform. MOV Tokens can be obtained through the activities in the MOTIV’s ecosystem or can be purchased from Korean-based or international cryptocurrency exchanges. MOV is used in the ecosystem as a means of payment, and the participating members of the MOTIV’s platform can generate revenue by utilizing MOV Tokens. Moreover, additional benefits will be provided to the MOV holders, which will create a virtuous cycle that will contribute to the rise of the number of holders, thereby revitalizing the MOTIV Platform.

MOV Usage

M-Profile Data Usage Commission Fee

Any given enterprise or institution that is willing to utilize the collected data of the platform users will have to incur payment in MOV Tokens in order to get access. Some portions of the paid MOVs are collected by the platform as commission fees, whereas the remaining portion is allocated as fee revenue to the data owner.

M-Course Tuition Fee

The course instructor will have to stake a certain amount of MOV Tokens, which is proportional to the tuition fee on the platform, and the learner will have to pay for his tuition fee similarly in MOV Tokens. Except for platform commission fees and tokens set aside for reward pools in lecture fees, the rest is sent directly to the course instructor. In turn, the learner will receive a payback in the form of MOV Tokes, that is set aside for the reward pool, by submitting a course/instructor evaluation.

M-HR Job Matching System Fee

The recruiting firms should pay MOV Tokens as a commission fee to the MOTIV Platform in order to receive recommendations towards desired candidates. In the same strain, the applicants should also pay MOV Tokens as commission fee in order to receive recommendations about suitable enterprises in their M-Profile.

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