What is MXC?
MXC (MXC) is the ERC-20 utility token within the MXCProtocol Supernode network, used to pay for networked IoT device transaction fees and to allow the MXC community an opportunity to share in Supernode profits through staking. The vision of MXC Protocol is to reduce collisions between networks by constructing inter-chain data markets and network coverage markets while introducing an independent Quality of Services (QoS) framework for both data providers and receivers. MXCProtocol's decentralized “Data Trade Network” enables data to be shared at mass scale while ensuring end to end privacy across distribution to data owners, data receivers, and data network hosts. Uplink and downlink coverage is increased within the MXC ecosystem using Low Power Wide Access Network (LPWAN) Gateways. Machine eXchange Coin was created to bridge commodity-based trading of cryptocurrency tokens with the traditional cash-based global economy, using shared economic principles to allow large businesses, SMEs and individuals to borrow or rent assets owned by third parties. MXC provides web 3.0 infrastructure to enable blockchain IoT connectivity for daily used devices including lights, bicycles, and agricultural products.