Hi guys, it is time to move from mere idea to real action. Many of what exist as ICOs in the ecosystem currently are best practiced in principle. Their Whitepapers present fantastic ideas and proffer apparent solutions that cannot translate into practical execution.
But we have got a lot of those issues fixed with real-time solution brought by an ICO hat is both theory-based and practical oriented.
ICO Problem
The quantity of data needed for transactions is daily increasing; no doubt, data demand as well as data generation are also on the increasing side. Thus, the amount of data generated is beginning to choke up traditional networks, thereby making transactions unreasonably slow and unreliable and power consumption, radically costly.
For instance, wireless fidelity, commonly called Wifi is either slow or has a network range limit of ~100 meters; NB-IoT 3G/4G networks show huge disadvantage in their extreme power consumption and limited 10km.
To eliminate this double-edged problem, a team of IT and crypto experts has come together to bring a value-based solution to the table in Machine Exchange Coin, or MXC.
MXC Answer
MXC, the first-of-its-kind IoT crypto Exchange, introduces an organized model which focuses on simplifying and raising IoT data transactions which will in turn take away issues relating to high power cost and slow transactions issues. Thus, MXC operates with a vision to incorporate Low Power Wide Access Network (LPWAN) into blockchain.
As an IoT ICO and smart infrastructure, MXC is designed based on the Machine Exchange Protocol which will ensure security, high scalability and speed-of-light transactions.
It is important you pay attention to this hard fact about MXC: within 22 days of its launch, MXC has already hit hard cap, a rare feat that not many ICOs can boast of
But let’s get into the real deal about MXC
MXC Unique Properties
MXC allows for a decentralized data exchange which integrates blockchain into LPWAN technology.
MXProtocol eases exchange in range and over internet where the sensors collect data from devices, then send to a gateway.
Exchange Protocol Machine: This
protocol will eliminate the issue data collision. Being a revolutionary protocol, XProtocol Machine can run on any permissionless blockchain such as EOS, Ethereum, IOTA, Stellar and NEO.
LPWAN Protocol: Unlike existing networks, MXC and MXprotocol gives support to only LPWAN. LPWAN is seen as the future of IoT because of a wide range of edge it has over current WiFi, 3G/4G nets. LPWAN has a max range of 40 KM with over 60,000 devices capable of connecting to a single LPWAN port. Again, LPWAN works with NB-IOT 3G / 4G / 5G networks that possess a max range of 10 KM with a single cell size of 10,000; and WIFI has a maximum range of 200 meters and has a single cell size under 200.
Token Details
Hard cap: 24,000,000 USD
Total Tokens: 2,664,965,800
Total sold: 1,065,986,320
Percentage sold: 40.00%
Presale price: 0.011 USD
ICO Token price: 0.015 USD
Ticker: MXC
Token type: ERC20
Presale date: N/A
Crowdsale date: 30/09/2018
KYC: Yes
Whitelist: No
Token Distribution
25% of tokens of private sale participants will be released after MXC has been listed on the Exchange; the remaining 75% will be issued on three separate installments every three months. Meanwhile, the entire team tokens will under lock for a whole year but 50% of them will be issued once while the remaining will be released in 3.125% installment, every three months. Six months after MXC has been listed, early investors will receive 50% of their tokens 6 months with the remainder being released in 12.5% installments every 3months.
Conclusion
So, call MXC the future of IoT, you are spot on. It is indeed a marketplace for data IoT and it stands with a lot of promise and potentials to become a solid project in the long-term. With huge investment interest coming from big-money Fenbushi, MXC project looks steady to take over the ICO space any time soon.
useful links
Telegram chat: https://mxc.news/2yEVnDJ
Website: https://mxc.news/2Q5lRoN
Announcement channel: https://t.me/mxcofficialannouncements
Twitter: https://twitter.com/MXCfoundation
Economic whitepaper: https://www.mxc.org/hubfs/WP/MXC_economic_whitepaper.pdf?t=1528719553210
Technical whitepaper: https://www.mxc.org/hubfs/WP/MXC_technical_whitepaper.pdf?t=1533214277377