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Machine Xchange Coin
$0.001139
0.76%
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Machine Xchange Coin Information
Machine Xchange Coin Supported Platforms
| MXC | ERC20 | ETH | 0x5ca381bbfb58f0092df149bd3d243b08b9a8386e | 2018-08-08 |
About Machine Xchange Coin
Machine Xchange Coin (MXC) is a utility token used within the blockchain-based platform created by the MXC Foundation, focused on the development of the Internet of Things (IoT) ecosystem. It serves as a means of payment for IoT-related services and transactions and as a reward for network contributors. The platform uses Proof of Participation (PoP) to incentivize users to contribute to the network and distribute rewards through the MXC token. MXC aims to improve the efficiency, security, and sustainability of IoT ecosystems by enabling seamless communication and data exchange between devices and networks.
Machine Xchange Coin (MXC) is a utility token used within a blockchain-based platform that focuses on the development of the Internet of Things (IoT) ecosystem.
MXC was created by a team of blockchain and IoT experts from MXC Foundation, a non-profit organization based in Berlin, Germany. The team includes industry veterans from companies such as Siemens, IBM, and HP.
MXC serves as the primary means of payment within the MXC platform for IoT-related services and transactions. It is also used as a reward for network participants who contribute to the platform's development and maintenance. Additionally, the MXC platform uses a consensus mechanism called Proof of Participation (PoP) that incentivizes users to contribute to the network and provides a distribution of rewards through the MXC token.