MXC (MXC) Review
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.
|MXC Price||$0.021862 USD|
|Market Cap||$57,072,482 USD|
|Circulating Supply||2,610,538,083 MXC|
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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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