Overview

Inspiring fast, efficient, decentralized data exchanges using; LPWAN - Blockchain technology.

Project stage

Only a whitepaper

Detailed description

MXC automates machine to machine (M2M) transactions, decentralizing big data and enabling a device data economy. With the introduction of the Machine eXchange Coin (MXC), adopters of LPWAN technologies can trade LPWAN Gateway access or sensor data for MXC. This exchange is automated using smart contracts running on the Machine eXchange Protocol (MXProtocol).

Based in Berlin, MXC is a non-profit foundation promoting the global adoption of LPWAN technology. Our team believes that MXC paired with LPWAN is the next step in the fourth industrial revolution, enabling smart cities and providing public access to big data.

By introducing the Machine eXchange Coin and the MXProtocol, MXC gives everyone a chance to profit from a more intelligent infrastructure. This makes MXC the future of IoT.

Problem

The fact is, current implementations for data networks are extremely expensive and offer very low usability. The need for a new technology is here and the need for LPWAN will only increase as it solves the current problems of low range/high cost data transmissions.

Solution

The MXC “Machine eXchange Protocol” facilitates the uninterrupted exchange of information between connected devices. The intrinsic blockchain based MXC Protocol ensures devices connect to the internet using the most convenient LPWAN Gateway lying in range. This “convenience” is determined using essential factors: 

  • Cost per Downlink
  • Signal Quality
  • Availability 
  • MXC influential Algorithmic Factors

Features

Manufacturing 4.0
Introducing the "M2M Social Network" where Machines communicate and trade data

Data Trade Between Blockchains
Improving IoT infrastructure using the Free Flow of Smart Contract Data

Shared Economy
A decentralized Global IoT Economy, where everyone profits

Smart City
Make city smarter by putting infrastructures on-chain

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Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : MXC
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : NA
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :2,664,965,800 MXC
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :1,065,986,320 MXC
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No
    Get details
  • Token and Funds Distribution

    Token distribution date

    Oct 03, 2018

    Unsold tokens

    NA
      • Token Distribution

          Vesting notes

          • Private Sale: 1/4 vesting after 3 months from listing on exchange, 1/4 vesting every quarter there after
          • Team: 1/2 vesting after 1 year from token issue, 1/16 vesting every quarter there after
          • Early Investors: 1/2 vesting after 6 months from listing on exchange, 1/4 vesting every quarter there after
        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Public-ICO — Soon
      03 Sep 00:00 UTC
      NA No - Uncapped Uncapped
      Private sale — Active
      01 Aug 00:00 UTC
      NA No - Uncapped Uncapped
      • Team

        • Hu Xin photo
          Hu Xin
          CEO
        • Aaron Wagener photo
          Aaron Wagener
          Chief Operating Officer
        • Vlad Karl photo
          Vlad Karl
          CTO
        • Vadim Vygonets photo
          Vadim Vygonets
          Lead Software Developer
        • Piotr Brzezinski photo
          Piotr Brzezinski
          Protocol Engineer
        • Jeff Stahlnecker photo
          Jeff Stahlnecker
          Growth Manager
      • Advisors

        • Jeffrey Wernick
          Entrepreneur and Private Investor
        • Leo Wang
          PreAngel Fund – Founding Partner
        • Meinhard Benn
          SatoshiPay Founder

      Roadmap

      • Q2 2018

        Permissionless blockchain based token solution

      • Q3 2018

        Module test and wallet launch

      • Q4 2018

        MXP 1st module release: Anti-Collision Coordinator

      • 2019

        MXP 2nd module release: Smart Bidding

      • 2020

        MXP 3rd module release: Inter-Chain Data Market

      Activity