Question 1

What's the current price of MXC (MXC)?

Accepted Answer

Today, the trading price of MXC (MXC) is valued at A$ 0.00006158. Over the past 24 hours, the price has increased by +30.99%.

Question 2

What is MXC?

Accepted Answer

MXC is a unique cryptocurrency designed to simplify and increase IoT data transactions. It operates on a decentralized infrastructure, which forms the future of Low Power Wide Access Network (LPWAN) and the Machine eXchange Protocol (MXProtocol). MXC aims to reduce collision between networks, develop an inter-chain data market, create a marketplace for network coverage, and initiate an independent Quality of Services (QoS) framework for data providers and receivers. The currency used for facilitating these transactions and services is the Machine eXchange Coin (MXC).

Question 3

Who created MXC?

Accepted Answer

MXC is the result of a collective vision to improve IoT data transactions. While exact individuals or teams behind its creation are not specifically mentioned, the project operates under an institutional guise, with several IoT professionals and blockchain developers likely contributing to its development.

Question 4

How does MXC work?

Accepted Answer

MXC works by facilitating data transactions in Internet of Things (IoT) environments. It uses a unique protocol called the Machine eXchange Protocol (MXProtocol) that is designed to reduce collision between networks and establish an inter-chain data market. MXProtocol also offers a marketplace for network coverage and a Quality of Services (QoS) framework for data providers and receivers. The network operates on a sharing economy principle, owned by its individual and enterprise users. These users can monetize the network in two ways: by expanding uplink and downlink coverage via a Gateway, or by providing access to a large network of securely traded data using blockchain technology.

Question 5

What sets MXC apart?

Accepted Answer

The uniqueness of MXC lies in its vision to streamline and enhance IoT data transactions. It takes a systematic approach towards eliminating network collisions and creating an inter-chain data marketplace. The MXProtocol introduces an independent framework for Quality of Service, which ensures high-quality data services for both providers and receivers. Moreover, MXC adopts a user-centric model, where the platform is owned by individual users and enterprises. These owners can profit from the platform by boosting network coverage or granting access to a vast network of data securely traded via blockchain technology.

Question 6

How much MXC is currently in circulation?

Accepted Answer

There are currently 3.2B MXC in circulation.

Question 7

What's the total supply of MXC?

Accepted Answer

The total supply of MXC is 3.2B.

Question 8

Where can you buy MXC?

Accepted Answer

MXC can be purchased on several cryptocurrency marketplaces. The list of available exchanges where MXC is currently traded can be found under the "Markets" section on our website.

Question 9

How is MXC's market cap ranked?

Accepted Answer

As of the latest data, MXC is ranked at #3945 in terms of market capitalization.

Question 10

How does the MXC network ensure security?

Accepted Answer

Given its emphasis on the use of blockchain technology, MXC ensures security through decentralization and cryptographic protocols. These mechanisms make sure that both the data transactions occurring in the network, and the MXC coins used for facilitating these transactions, remain secure against unauthorized access and fraudulent activities.

Question 11

Is there a way to participate in the development of the MXC network?

Accepted Answer

Yes, users can participate in the development of the MXC network. They can do so by increasing their network's uplink and downlink coverage via a Gateway or by providing access to an extensive network of securely traded data on the marketplace. This allows users, be it individuals or enterprises, to contribute to the network's expansion and profit from it simultaneously.

Question 12

How has the trading volume of MXC changed in the last 24 hours?

Accepted Answer

In the last 24 hours, the trading volume of MXC was 58.7K.

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