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 Sale & Economics
- Project website: https://www.mxc.org/
- Project whitepaper: https://www.mxc.org/hubfs/WP/MXC_technical_whitepaper.pdf?t=1529057365205
- Token sale start time: TBA
- Ticker: MXC
- Token type: Utility
- Total hard cap: 24,000,000 USD
- Total supply: 2,664,965,800 MXC
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
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