MXC is building a global data network that allows the devices of tomorrow to connect, transfer data and share data more efficiently than ever before. Cities, companies and individuals benefit from building a network or using it to transfer and manage their data.
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Description of MXC
Machine Xchange Coin (MXC) — a decentralized technological "data exchange network", specifically designed for the token economy. The blockchain-based platform aims to revolutionize lending, sending and spending functions.
MXC is aimed at mass distribution among data owners, data recipients and data network nodes, which will facilitate the receipt of a coin, used in everyday transactions.
Platform feature
Machine Xchange Coin will introduce a sharing economy to allow you to rent or borrow assets, owned by other users. Similarly, people can benefit from their location and their decentralized LoRaWAN network by placing LoRa-based protocol equipment in suitable locations.
Benefits of Machine Xchange Coin:
| Exchange | MXC LPWAN allows car sharing companies to track their cars without having to use existing telcos because they will have their own independent network. This reduces the cost as they will be free from the exorbitant prices, charged by telco. |
| "Smart" city | MXC will use device data sensors, MXC IoT and MXProtocol solutions to make cities smarter through more efficient and cost-effective communication between devices at lower distances. |
| Services | Data can be continuously monitored through MXC technical services to ensure that data, sent through MXProtocol, is sorted and categorized. This leads to smarter cities as the planning and distribution of traffic in cities will be more efficient, which reduces the problems that the city faces. |
The implementation of this technology in MXC provides a unique distribution of data. It also ensures that users send and receive data on time, based on various factors such as speed, size, distance, cost and data need, which improves data efficiency.
Project economics
MXС - an ERC20 utility token, used for IoT device transactions over this network. Tokens provide LPWAN network services to devices around the world. MXC allows the community to profit through Supernode support or staking.
The token is designed to combine the current trading of commodity-based cryptocurrency tokens and the global cash-based economy. In terms of the MXC token, MXProtocol gives network members incentives to use, deploy and share elements of their network, allowing people to profit from their location through data collection. The leading cryptocurrency exchanges for trading MXC shares are currently:
- OKX;
- KuCoin;
- Huobi Global;
- Gate.io;
- Uniswap (V3).
The cryptocurrency was launched in August 2018 with 2.6 billion MXC tokens. There is no inflation, all tokens are mined and users buy tokens on the market to pay for LPWAN and satellite miners for mining.