The existence of the blockchain industry has led to a series of revolutionary developments, businesses have been resorting to the use of the blockchain technology to solve some of the intricate issues with their modes of operation and not just that, more people keep coming into the cryptocurrency space as the realization keep dawning on them about the fact that cryptocurrencies and the blockchain industry is the future. Different blockchain projects keep getting created with a target of moulding the most desired future but despite all these numerous projects, there is yet to be one that actually provides the chance to promote or even profit from decentralized data network on a global scale.
MXC is a new blockchain project that aims at simplifying and increasing IoT data transactions. Before we dive deep into the MXC project, let me talk a little about the origin of the MXC platform.
MXC is a German, non-profit organisation that is based in Berlin and the base focus of this project is on data networks. Looking at the nature of data networks, not everyone can actually enjoy the use of data networks and the reason being that they are mostly accompanied by series of problems separate from the fact that they are really expensive and have low usability.
The current data network structure is more in the realm of low range and high cost and this is actually very unsustainable and a new and more efficient technology is actually needed and that technology is LPWAN (Low Power Wide Access Network). The normal WIFI we are all conversant with has a really limited range and it is accompanied by huge power but with LPWAN, there would be more accessible range but with consumption of lower amounts of power; there is no mistake about which proves more efficient.
The main focus of the Internet of things (IoT) is the connection of devices or 'things' to the internet and as discussed earlier, the usability of this new data type is actually really limited due to the current trend of low range data networks with high power consumption of which the LPWAN is able to solve. MXC would revolutionize the world of IoT data with the application of the MXProtocol to ensure and facilitate secure, very fast transactions.
The review i have laid out above about the MXC project would not exactly be complete without giving it a home run and talking about the applications of the MXC solution.
-One of the applications of the MXC platform is the assistance given to cities to become smarter cities and in essence, leading to a smarter living standard for its citizens and ensuring the overall prosperity of mankind. What this means is that MXC would help various cities in the sense that whenever there is any change or predictive change in the environment that could affect the people living in those cities, hospitals would make use of the available sensor data to work towards preventive actions or corrective actions directed to the citizens as the case may be.
-By virtue of the LPWAN technology and the MXC exchange, billions of transmissions are being sent out on a daily basis which much more efficiency than ever.
-With MXC there is no issue of delay or traffic due to the number of available data waiting to be processed, now data is being processed all at once without any form of delay.
Machine eXchange Coin.
With the MXC, users would now be able to share data on a much bigger scale while ensuring complete privacy. The total token supply of of the Machine eXchange Coin is 2,664,965,800 MXC from which 30% which is equivalent to 799,489,740 MXC is allocated to the private sale, 20% which is equivalent to 532,993,160 MXC is allocated to early investors, 20% which is equivalent to 532,993,160 MXC is allocated to the foundation, 20% which is equivalent to 532,993,160 MXC is allocated to the team and 10% which is equivalent to 266,496,580 MXC is allocated the public ICO.
Softcap is set at 10,000,000 USD and hardcap set at 24,000,000 USD.
The funds generated from the tokensale would be allocated as follows:
40% is allocated to R&D, 30% is allocated to marketing, 20% is allocated to the ecosystem and 10% is allocated to legal.
Roadmap.
Q3 2018
-Ethereum MXC Smart contract release.
-Public ICO launch.
Q4 2018
-Initial MXC wallet release.
Q2 2019
-MXProtocol MVP implementation.
Q4 2019
-MXPROTOCOL global launch.
Q2 2020
-Anti-collision coordinator implementation.
Q3 2020
-Smart bidding global rollout.
Q1 2021
-Data market release.
Q4 2021
-Inter-chain data market.
Team and Advisors.
Unique Tracking Urls.
MXC website: http://bit.ly/2Q5NFcx
MXC telegram group: http://bit.ly/2yIaegH
Technical whitepaper: https://www.mxc.org/hubfs/WP/MXC_technical_whitepaper.pdf?t=1540805987435
Economic whitepaper: https://www.mxc.org/hubfs/WP/MXC_economic_whitepaper.pdf?t=1540805987435
Writer: kitan.
Bitcointalk user profile: https://bitcointalk.org/index.php?action=profile;u=1298583