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What is Moonchain (MXC)?
Moonchain basic info
What is MXC (MXC)?
MXC is a cryptocurrency platform that utilizes the low power wide area network (LPWAN) and the Machine eXchange Protocol (MXProtocol). With this strong device network foundation, MXC offers a unique coin offering called Machine exchange Coin (MXC). This platform allows for additional data transactions within the vast data market. LPWAN is a wireless wide area network technology that connects low-bandwidth, battery-powered devices with low bit rates.
How does MXC (MXC) Work?
MXProtocol's goal is to create an inter-chain data market and reduce network collisions. It also plans to establish a market for network coverage and introduce a quality-of-service framework for data providers and receivers. This is the first time that users, corporations, and enterprises can all participate in building a decentralized and secure LPWAN worldwide. By connecting anything to the network, adopters can aim to profit and trade MXC.
MXC is a utility token used for device transactions on the MXC Supernode network. Staking allows the MXC community to share in Supernode profits. A Supernode is a peer-to-peer network node that serves as a relay and proxy server for other users, handling data flow and connections.
Machine Exchange Coin (MXC) is a decentralized global token technology that offers a unique and specifically designed data trade network. Data can be shared on a broader scale while ensuring complete end-to-end privacy. MXC is intended to be distributed to data owners, receivers, and network hosts, facilitating the crossover between a commodity-based coin and an everyday trading currency.
Members of the MXC community can stake and share in MXC Supernode profits. Its operators, Supernode stakers, and the MXC Foundation receive a small percentage of all network fees transacted through a Supernode.
MXC supply and tokenomics
Uniqueness
The key to the MXC Data Network is our robust mining community and the collective power of the sprawling MXC supporter base. Using the world’s only Low-Power Multi-Token Miner, (the M2 Pro Miner) miners intertwine and build the world’s largest Low-Power Wide-Area Data Network via the Metaverse. MXC has introduced a revolutionary protocol, known as Meta X Protocol or MXProtocol, based upon Proof of Participation mining principles, exploiting LoRaWAN technology to create a global data republic network utilized for real world adoption. This protocol is designed to empower Web 3.0 and a mix of blended reality metaverse infrastructures to simplify and increase data transmissions and participation.
Token utility
Meta X Connect is a utility token ($MXC), allowing for the increased frequency of data transactions and idiosyncratic data flows within the AI and blockchain markets. The MXProtocol ensures networks are created and connected via a decentralized and robust protocol using an interchain data market, encouraging participation via Proof of Participation “PoP” Mining. The mechanism also allows for the provisioning of any tangible smart Internet of Things (IoT) devices with minimal cost, creating a framework for data providers and receivers to produce their own GDPR-safe AI and blockchain NFTs.
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What is the development prospect and future value of MXC?
The market value of MXC currently stands at $15.32M, and its market ranking is #983. The value of MXC is not widely recognized by the market. When the bull market comes, the market value of MXC may have great growth potential.
As a new type of currency with innovative technology and unique use cases, MXC has broad market potential and significant room for development. The distinctiveness and appeal of MXC may attract the interest of specific groups, thereby driving up its market value.