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An MVP is a prototype of the product developed for testing by the presumptive target audience and market. By releasing an MVP, you may validate product hypotheses and research your consumers' responses to its features. The MVP will help you spot your audience's primary needs and what stumbling points they have while using your product, improve functionality, and reduce or add tools analyzing user behavior. It will also benefit you in not making your product too complicated from the start, and saving the budget on developing features that don't serve either your customers or your product.