The field of Internet of Things (IoT) is an area chosen by many blockchain projects including Machine eXchange (MXC). So what is Machine eXchange, what is MXC coin, and should you invest in MXC coin, then please see the detailed analysis right here.
Contents
- 1 What is MXC coin, should you invest?
- 1.1 What is Machine eXchange Network?
- 1.2 What is MXC coin?
- 1.3 Who are the founders of Machine eXchange Network?
- 1.4 What are the outstanding features of MXC coin?
- 1.5 Price history of MXC coin
- 1.6 Should you invest in MXC coin?
- 1.7 Where to buy MXC coin, which exchange?
- 1.8 Wallets for storing MXC tokens
What is MXC coin, should you invest?
What is Machine eXchange Network?
MXC introduces a system based on Low Power Wide Area Network (LPWAN) to address this. On the other hand, LPWAN offers sensor battery life of up to 10 years, a coverage range of 20km on a single gateway, and common connection points. It is optimized for low cost, high coverage, and extremely low power consumption.
Here, Low Power Wide Area Network (LPWAN) emerges as an important concept. LPWAN stands for Low Power Wide Area Network. Thanks to LPWAN, all types of electronic devices, including kitchen appliances and cars, can be connected to the Internet, saving energy. LPWAN can be briefly described as a wireless connection established between electronic devices. For example, data from computers, wireless sensor networks, automation systems (ventilation, lighting, etc.), cars, and home appliances made for specific purposes are transmitted over the internet.
The Machine eXchange Protocol (MXProtocol) and its Para-Chain network use the Low Power Network (LPWAN) to transmit and manage data. They use the MXC token economy to encourage network operators to communicate. They also allow connected systems to pay for data obtained from each other.
MXProtocol powers the MXC project focused on reducing conflicts between networks, Quality of Service (QoS) framework, building cross-chain data markets, and network coverage range. It aims to form the backbone of smart cities, corporations, and businesses in the future.
As it is built on the premise of the “sharing economy”, therefore anyone can contribute to the network and earn profits with MXC tokens. Earning money benefits the networks by increasing coverage range and building the Internet of Things (IoT) economy.
What is MXC coin?
MXC is built on the Ethereum standard – ERC-20 and is traded on many major exchanges.
MXC is managed by Supernodes, whom MXC owners can delegate their tokens to. Some of the current MXC Supernodes include Huobi Pool, DU IoT, Sejong Solutech, EnLink, Huawei, MatchX, and XY Pool.
- Trading code: MXC
- Blockchain: Ethereum
- Contract: 0x5ca381bbfb58f0092df149bd3d243b08b9a8386e
- Token type: Utility token.
- Token standard: ERC-20
- Total supply: 2.664.965.800
- Circulating supply: 2,437,203,515
- MXC coin price today: $ 0.006701
Who are the founders of Machine eXchange Network?
The co-founders of the Machine eXchange Network are Xin Sheen Hu, Aaron Wagener, and Piotr Brzezinski, among whom:
- Xin Sheen Hu: currently holds the position of CEO of the MXC project, he owns a Master’s degree in Computer Networking Systems & Telecommunications from Technische Universität Berlin, Master’s degree in Systems & Network Management from Pierre and Marie Curie University. Previously he worked in several areas such as Hardware Engineer of relayr, Antenna Researcher at Sun Yat-sen University, and Chief Hardware Engineer of Airfy. He is also the founder of MatchX GmbH – Edge AI & IoT – a company developing the most powerful Edge AI & LPWAN technology for industries.
- Aaron Wagener: currently holds the position of COO of the project, he graduated with a Master’s degree in International Business from Queensland University of Technology. He has held various roles such as Marketing Director of Jamba! GmbH, Fox Mobile Distribution GmbH; Deputy Director – Marketing & Business Development of GETMO, Senior Marketing Consultant of Burda Wireless GmbH, CEO of AppHunter GmbH, and Executive Member of the Board of Directors of MatchX GmbH.
- Piotr Brzezinski: currently holds the position of Chief Technology Officer of MXC, he graduated with a Master of Science, Electronics and Telecommunications from West Pomeranian University of Technology. He has held the position of Hardware Design Engineer at GiN mbH, Airfy, Siemens, and is currently also responsible for hardware design at MatchX.io.
What are the outstanding features of MXC coin?
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MXC project’s collaboration with Polkadot: Polkadot is a widely recognized initiative in the blockchain field with enormous potential. It is a heterogeneous multi-chain framework for Web 3.0. The project acts as a bridge connecting different blockchains, allowing them to operate together, maintain communication, and exchange data. Since the MXC project is interested in the “data sharing economy”, a strategic collaboration with Polkadot is very appropriate. This will lead to the cross-chain integration of multiple IoT chains and enable seamless machine-to-machine communication.
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The Proof of Participation (PoP) consensus mechanism is MXC’s new protocol, established to revolutionize the way people interact with the blockchain. Based on the PoP consensus mechanism, MXC allows data to be connected efficiently and reliably over extremely long distances with very low cost and ultra-low energy consumption. MXC’s PoP model ensures that MXProtocol remains a strong, environmentally friendly, and economical Data Protocol. This allows the MXC network to maintain stability, regardless of user growth during its global adoption. This is another advantage of MXC’s data collection method and machine-to-machine communication.
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MXC mining hardware is available for sale, manufactured by MatchX. Anyone can set up an LPWAN Gateway and earn MXC by sharing their network. MXC’s mining tool is part of the world’s first multi-token mining experience, allowing them to mine MXC and various other types of tokens.
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MXC not only sells hardware that helps users mine MXC, but it also has many other products to attract user attention such as MXC Hoodie, MAGIC MXC ball, MXC Cap Shooter, MXC mask, MXC Fidget Spinner, MXC sweater, MXC metal coin, MXC USB Card…
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DataDash: this is a mining, staking & cryptocurrency earning application for various tokens worldwide, developed by MXC. Users from all over the world with an internet connection can download the DataDash application via the App Store or Google Play. DataDash app helps you easily receive your tokens! Turn your mobile phone into a powerful cryptocurrency earning tool. This revolutionary mining technology by MXC Foundation offers users the ability to mine an abundance of IoT Data and cryptocurrencies, from Bitcoin, MXC, IPFS, and DataHighway tokens… easier, cheaper, and faster than ever!
Price history of MXC coin
Let’s review the price history of MXC coin in the past few months:
The initial price of MXC coin on December 8, 2008, according to Coinmarketcap was 0.009224 USD, and by the end of 2018, the price of MXC coin decreased to just 0.005713 USD.
In 2019, just a few days into the year, the price of MXC coin quickly rose to 0.01752 USD (a 200% increase) but then the price of MXC gradually decreased, and by the end of 2019, the price of MXC coin was only 0.001366 USD.
2020 was a year of quite positive growth for MXC coin as the price rose from 0.001366 USD to 0.01038 USD by the end of the year. In between, MXC coin reached a peak of 0.03937 USD in August.
The uptrend of MXC coin continued from 2020 until the beginning of 2022, it can be said that this is a rare cryptocurrency project as its price did not decrease following Bitcoin after reaching its all-time high in November. Accordingly, at the end of 2020, the price of MXC coin was only 0.01038 USD, but by the end of April 2022, the price had risen to 0.1051 USD.
The current price of MXC coin is: $ 0.006701
Should you invest in MXC coin?
To determine whether you should invest in MXC coin or not, let’s review the pros and cons of this project:
What are the advantages of MXC coin?
♥ Limited supply and currently circulating up to 99%, so it will soon become scarce, which may help MXC increase in value similar to BTC.
♥ Uses a new consensus mechanism called PoP that allows data to be connected efficiently, reliably over extremely long distances with very low cost and very low energy consumption.
♥ In addition to blockchain applications, MXC also provides additional unique hardware products like LPWAN Gateway, USB Card, Webcam Cover, MXC metal coin…
♥ Decentralized, censorship-resistant, can be traded anytime, anywhere with fast speed and low cost through the DataDash app.
♥ Unique MXC reward program to attract people to participate and earn MXC, which includes:
Coin Packages:
Includes:
- A €60 voucher (Only to be used for the next M2 Pro order and valid for 30 days from the date of issue).
- MXC Stress Ball
- Sticker Pack
- MXC Fidget Spinner
Conditions for receiving the reward:
+ Create a YouTube video (3 minutes or more) OR write an article/blog post about MXC (500 words or more)
+ Create two MXC-related posts on Reddit (over 30 words)
+ Post two MXC promotional tweets on Twitter
+ Follow MXC on all social media platforms.
+ Silver Package:
Includes:
- A €70 voucher (Only to be used for the next M2 Pro order and valid for 30 days from the date of issue).
- MXC Clan T-shirt
- Sticker Pack
- MXC Fidget Spinner
- Webcam Cover
- Cap Shooter
Prerequisites:
+ Create a YouTube video (3 minutes or more)
+ Write an article/blog post about MXC (500+ words)
+ Create three MXC-related posts on Reddit (30+ words)
+ Post three MXC promotional tweets on Twitter
+ Write a positive post or review on Facebook OR create an Instagram story
+ Follow MXC on all social media platforms.
Gold Package:
Includes:
- An €80 voucher * (Only to be used for the next M2 Pro order and valid for 30 days from the date of issue).
- MXC Clan T-shirt
- Sticker Pack, MXC Fidget Spinner
- Webcam Cover
- Cap Shooter
- MXC T-shirt, MXC Coffee Mug, MXC Magic Ball
- MXC Metal Coin
Prerequisites:
+ Create 2 YouTube
+ Write an article/blog post about MXC (over 500 words)
+ Create three MXC-related posts on Reddit (over 30 words)
+ Post three MXC promotional tweets on Twitter
+ Write a post or positive review on Facebook
+ Create an Instagram story
+ Follow MXC on all social media platforms.
What are the disadvantages of MXC coin?
♦ Not listed on the two leading cryptocurrency exchanges currently, Binance and Coinbase
♦ Whitepaper and website are quite simple, not providing much project information.
♦ Competes with many other IoT platforms like VeChain, Helium, IOTA… however, what MXC currently has is still quite lackluster.
♦ Price has strong fluctuations with high investment risks
♦ Investing in MXC coin is not legally recognized, meaning if you lose your investment or encounter risks, there will be no one to protect you.
Where to buy MXC coin, which exchange?
Wallets for storing MXC tokens
Some wallet options include Trust Wallet, MetaMask, Ledger, imToken, TokenPocket…
♦ Machine Xchange Coin is a project that supports the transmission of billions of data on everyday devices with a primary focus on user adaptability and integration to create an unparalleled LPWAN IoT network, at low cost and low energy consumption.
♦ MXC is striving to become the leading free Smart City IoT Network on Web 3.0
♦ MXC coin is an ERC20 token built on Ethereum
♦ Anyone can set up an LPWAN Gateway and earn MXC by sharing their network.
♦ Currently, MXC coin is priced at $ 0.006701, with a market cap of $ 16.35 M, and a market cap rank of 1186
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Through this, you must have understood what MXC coin is, whether or not you should invest in MXC coin. If you have any opinions or assessments related to the MXC Network, you can leave a comment for everyone to discuss. Wish you make the right investment choice and success.
