Moonchain

What is MXC?

MXC Foundation, an early player in the IoT and blockchain domain, distinguishes itself through the implementation of the Proof-of-Participation consensus mechanism. Positioned as a pioneer, MXC focuses on ERC-20 blockchain technology, specifically addressing the nuances of IoT-Machine to Machine Data Transactions.

The MXProtocol

At the core of MXC Foundation lies the MXProtocol, a sophisticated framework aligned with Proof of Participation principles. This protocol serves as the backbone of the MXC ecosystem, fostering a shared data network for seamless connectivity among smart and IoT providers. By adhering to the highest security standards, the MXProtocol aims to facilitate permissionless and independent communication between devices, setting the stage for the development of a "Sharing Economy."

The MX Protocol offers impartial support for local data economies, standing as one of the world's largest decentralized IoT networks. Users, irrespective of background, can participate by setting up their LPWAN Crypto Miner on MXProtocol, contributing to the mining process, and engaging in this transformative ecosystem.

MXC Token: Navigating the IoT Landscape

The MXC token, an ERC-20 utility token, plays a vital role within the MXProtocol, facilitating device transactions on the MXC Supernode network. Through staking, the MXC community gains an opportunity to participate in Supernode profits. Supernodes, acting as relay and proxy servers in a peer-to-peer network, handle data flow and connections. MXC aims to create a decentralized global token technology, fostering a uniquely designed data trade network. It promotes broader data sharing while prioritizing end-to-end privacy. This decentralized approach involves distributing MXC to data owners, receivers, and network hosts, blurring the lines between a commodity-based coin and an everyday trading currency. Community members who stake in MXC Supernodes can share in the profits generated by operators, Supernode stakers, and the MXC Foundation, receiving a percentage of network fees from Supernode transactions.

M2 Pro Miner

Within the realm of Low-Power Wide Area Network (LPWAN), MXC Foundation relies on a decentralized network of M2 Pro Miners. Open to anyone, these miners play a key role in providing LPWAN coverage. Users, by participating in data gathering and resale, contribute to this evolving network. Explore the world's first LPWAN crypto miner and consider joining the mining community today.

MXC Foundation navigates the landscape of decentralized, secure, and interconnected IoT infrastructure with a commitment to innovation and inclusivity.

MXC Team Background and Partners

Launched in January 2018, MXC is the brainchild of cofounders Xin Sheen Hu, Aaron Wagener, and Piotr Brzezinski. Originally conceptualized as a protocol facilitating device data transmissions and M2M transactions, MXC took shape in 2018 during the rising popularity of Web3 in Berlin.

Following the introduction of the foundation's ERC20 token, MXC has evolved into one of the world's largest LPWAN IoT networks, marking a notable success within the Web3 ecosystem.

MXC's main investors/partners are Fenbushi Capital, DWF Labs, Frac, CareBand, Digital Matter, Sensative, Moko Smart...

MXC Project Development

The imminent launch of Meta-XP heralds a disruptive "Data Future" crafted by the MXC Foundation. Going beyond the rhetoric surrounding the metaverse, MXC envisions an unprecedented experience for crypto communities. Their vision involves expanding the network by leveraging physical hardware like LPWAN sensors and M2 Pro Miners, enhancing global reach through augmented mining power within a virtual world. This unique approach envisions utilizing the metaverse as a tool for global expansion, covering vast geographical areas.

MXC's foresight extends to the future of Data, NFTs, and Mining, positioning MXC to dominate the parachain Data space in the Cross-Chain MXC Metaverse. The MXC Foundation Metaverse promises to be a Multi-Token virtual world, incorporating various tokens such as Bitcoin, MXC, ETH, Polkadot, and more. MXC empowers individuals to become decentralized entities, offering increased vitality within the Metaverse through participation in the real-world hardware economy.

Moonchain Price Analysis

As of November 25 2024 Moonchain has a marketcap of $13M. This is {{percentagefromath}} from its all time high of $0.133537. In terms of its tokenomics, there's a total supply of 2.7B with 91% currently outstanding. Keep in mind Moonchain has a fully diluted value of $14M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude