On August 20th, the first phase of the Bitcoin sidechain program MVC (full name MicrovisionChain) developer incentive program announced that the application deadline will be closed on August 27th. This event will reward a total of 250,000 SPACE and provide an auxiliary SDK developed on the Bitcoin sidechain. MVC is a UTXO-based one-layer smart contract public chain designed to solve Bitcoin's congestion problem and become an ideal sidechain for Bitcoin, supporting the development of large-scale Web3 applications. SPACE, the MVC mainnet token and gas, rose by 109.9% this week and is currently quoted at $1.46.