MXC (MXC) Protocol - ICO Review, Rating and Details of MXC ICO (Token Sale) - Rating: Pass

The MXC vision is to introduce a systematic process to both simplify and increase IoT data transactions.

The decentralized infrastructure upon which MXC’s system is based is the future of Low Power Wide Access Network (LPWAN) and the Machine eXchange Protocol (MXProtocol). Utilizing this solid device network foundation, MXC is introducing an extraordinarily unique coin offering, Machine eXchange Coin (MXC), which allows for increased data transactions and an idiosyncratic data flow monetization within the mammoth data market.

MXProtocol places a keen focus on reducing collision between networks, constructing an inter-chain data market, developing a market for network coverage and introducing an independent Quality of Services (QoS) framework for both data providers and receivers. For the first time ever, individual network users, corporations and enterprises can all participate in the construction of decentralized, ubiquitous and secure LPWAN. Simply by connecting “anything” to the network, adopters will be able to profit and trade MXC.

Features & Highlights

MXC built MXProtocol as an inclusive platform where all participants are encouraged to contribute. MXProtocol is a distributed network protocol backed by monetization of the resources and incentives from enterprises and individuals based on permissionless blockchain. The permissionless blockchain design makes MXProtocol efficient and independent: the more people use it, the more robust the network will be.

The blockchain should have four key properties: decentralized control, low latency, flexible trust, and asymptotic security. In other words, MXProtocol should run on a permissionless blockchain that has:

  • A true decentralized network.
  • It has eliminated mining rewards.
  • All transactions get confirmed quickly.
  • There is an anti-spam role. There should be a preventive measure against nefarious users flooding the network (a DoS attack).

Token Utility & Use Cases

Machine eXchange Coin (MXC) offers a unique and specifically designed decentralized technological “Data Trade Network” to the global Token economy. Data can be shared on a mass scale whilst ensuring complete end to end privacy. The MXC intends to be distributed amongst data owners, data receivers and data network hosts, allowing for a facilitated cross-over from a “commodity” based Coin into an everyday trading Coin currency.

Machine eXchange Coin is the first Token designed to bridge current commodity-based trading of cryptocurrency tokens and the cash-based global economy. Utilizing the “sharing economy,” MXC uses this as an axis, allowing large businesses, SMEs and individuals to borrow or rent assets owned by someone else.

Roadmap & Updates

  • Q3 2018
    • Ethereum MXC Smart Contract Release
    • Public ICO Launch
  • Q4 2018
    • Exchange Listing (Huobi)
  • Q1 2019
    • MXC AXIS Wallet Release
  • Q2 2019
    • MXC M2M Wallet Release
  • Q4 2019
    • MXProtocol MVP Implementation
    • MXProtocol Global Launch
  • Q2 2020
    • Anti-Collision Coordinator Implementation
  • Q3 2020
    • Smart-Bidding Global Rollout
  • Q1 2021
    • Data Market Release
  • Q4 2021
    • Inter-Chain Data Market

Team Members

  • Xin Sheen Hu, Co-Founder & CEO. Linkedin

  • Aaron Wagener, Co-Founder & COO. Linkedin.

  • Vlad Karl, CTO. Linkedin.

  • Piotr Brzezinski, IoT Protocol Engineer. Linkedin.

Partnership Overview

  • LONGHASH - LONGHASH's mission is to accelerate the development and understanding of blockchain technology. Our reach: We currently have offices in Tokyo, Singapore and Hong Kong. Our goal is to eventually be in 10 major cities around the world Our network: Online and offline including incubators and an independent media and data analysis platform Our services: Independent data analysis and media commentary, as well as a full range of support for blockchain start-ups including but not limited to professional services, modularized knowledge sharing, mentoring services, and investor outreach.

  • DWF - DWF has been honored as one of the most innovative law firms in Europe and has a long-standing, strong track record of breaking new ground in the way of legal advice in the interest of clients. On the English market, DWF is at the forefront when it comes to using technology and innovative task accomplishment to increase efficiency and get the most value out of it.

  • ManMakeMachine - ManMakeMachine is a privately-held engineering firm based in Cape Town and Nairobi. We help our clients grow their businesses by developing solutions that pushes the boundaries of what is possible, and thus setting the pace of innovation for businesses in their sectors.We partner with clients of all sizes, all industries and all geographies to solve growth challenges ranging from streamlining internal operations within their existing business, to developing big bets on breakthrough technology solutions. Our multi-disciplinary team is drawn from diverse backgrounds and industries, and leverages years of experience to Ideate, Prototype and Engineer commercially and technically feasible technology solutions.We combine strategic thinking and leading edge product engineering experience to address the toughest technology and growth challenges for leading edge companies.

  • Bundesblock - The German Blockchain Association (Bundesblock) was founded on the 29th of June 2017 by the blockchain community in Germany. The non-profit association quickly grew to more than sixty members, among them the leading startups in the blockchain sector with a base in Germany.

  • BlockApps - BlockApps mission is to create products that enable developers, startups and enterprises to build and deploy custom applications on blockchains. STRATO, a Blockchain development solution, allows enterprises & startups to build custom blockchain applications and smart contracts and deploy them on both public and private blockchain ledgers. BlockApps was the first company incubated out of Consensys in 2015 and continues to lead blockchain technology implementation for enterprise & startups alike.

  • Roaming Capital - "Co-development brings growth and a lasting commitment to original intentions." Since entering the angel investment sector in 2010, Roaming Capital has invested in dozens of startups in China and the United States, some of which have been listed on the Chinese Main Board, the Growth Enterprise Market and the Hong Kong Stock Exchange. Adhering to the consistent investment philosophy of "discarding the dross, selecting the essential, eliminating the false, retaining the true, and proceeding from one to another from the exterior to the interior," we have established a wide range of "links" in the blockchain field and have created a deep strategic layout, incubating and investing in a number of high-quality blockchain projects. The equity funds and digital assets are worth over 2 billion RMB.

  • Stellar - Stellar is a platform that connects banks, payments systems, and people. Integrate to move money quickly, reliably, and at almost no cost.

  • Node Capital - Node Capital is a venture capital company focusing on blockchain industry. It is also one of the world’s earliest professional investment institutions in the blockchain industry. It aims to connect every node in the blockchain industry through project investments and cooperation to promote a healthy and stable development of the blockchain industry

  • BitNews - BitNews Encrypted News is dedicated to reporting and analyzing news and news that will really make money friends make money. Unlike other news media, it is not just about translating foreign news, it has no impact on the market or it is irrelevant news. Published. BitNews aims to be Bit News, Big Money.

  • Hive Chain Labs - Hive Chain Labs (HChain Labs) originates from the Silicon Valley and focuses on the incubation of interdisciplinary blockchain-based projects, including but not limited to big data, artificial intelligence, internet of things and new energies. We make venture investments at early stages and we offer professional ICO advisory services. To help entrepreneurs turn their brilliant ideas into reality, HChain Labs has built a worldwide collaborative network with numerous academic institutions, venture capitals and cryptocurrency communities. We are believers of the blockchain technology and our vision is to “Make Blockchain Everywhere”. Our best known investment cases include ICO.com, JinNiu.cn, Thunder Token, CertiK, Skycoin, MXC etc.

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