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MXC (MXC) Review

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MXC defi token is building a global data network that allows the devices of tomorrow to connect, commit, and communicate more efficiently than ever before. Cities, companies, and individuals benefit by building the network or using it to transmit and manage their data. The MXC defi token Foundation is a Berlin-based non-profit organization. MXC has provided the open-source Machine Xchange Protocol (MXProtocol) to connect Low Power Wide Area Network (LPWAN) technology with the blockchain as an infrastructure for the Internet of Things (IoT). MXC automates machine-to-machine (M2M) transactions and provides a device data economy. MXC has introduced a blockchain-based token called the Machine Xchange Coin (MXC).
Using MXC defi tokens, devices should pay for the uplink2/downlink3 of LPWAN gateway resources. MXC token is also used for trading data collected by devices and sensors
in the MXC (inter-chain) data market place. The MXC LPWAN server consists of the primary components of the MXProtocol; including smart machine bidding (SMB), event storage, M2M wallet, interchain data market, and anti-collision coordinator. Figure 1 displays the MXC LPWAN structure, data flow in the MXC defi token network, and the main components
of the MXProtocol. More information on the MXC defi token Foundation and the MXProtocol are provided in the MXC technical white paper; available on the MXC official website. In this white paper, the smart machine bidding component of MXProtocol is discussed in detail.

Essential Information

MXC Price $0.021862 USD
Token Name MXC
Token Symbol MXC
MXC ROI 202.92%
Website Link Home
Market Cap $57,072,482 USD
Circulating Supply 2,610,538,083 MXC
Whitepaper Whitepaper
Market Rank #136

More about MXC (MXC):

The auction strategy simulates an open market, where a packet transmission should be considered as a trade between gateway owners and device owners. The balance between supply and demand will ensure affordable network rates for device owners. In order to achieve that, each gateway provides min bid value representing the minimum price
offered by the gateway to use the downlink resource for packet transmission. If the demand for downlinks is relatively low, the min bid value in MXC tokens will be paid by the device owner for the downlink. Otherwise, if the number of requests are relatively high, a live auction will take place, and the downlink resource will be sold to the highest bidder. The auction is an automated process, triggered each time multiple devices are requesting the same downlink resource. To regulate the amount paid per downlink, device owners can define the max bid that they are willing to pay (at max) per downlink. SMB will determine the final price paid per downlink


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MXC (MXC) Scam or Not?

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