Minimum Viable Product

      MVP is the acronym for Minimum Viable Product. 

      A Minimum Viable Product is the first basic iteration of a proposed project that is meant to simply express how it works. 

MVP = Proof of Concept

     Whenever a startup has an idea that they want to raise money on, it is considered good practice to show investors an MVP. Investors cannot understand your project as intimately as you do, by showing them something a blueprint they can develop a better idea of it.

     In the cryptocurrency and digital asset industry it is common for public sale style fundraising to take place; if a project has an MVP to show it is more likely to raise money and succeed in the long term.

      Related Terms:



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