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Smart MFG MFG

Rank #4267

$ 0.00179550

Smart MFG Price (MFG)

Smart MFG to USD Price Chart

Smart MFG Statistics

Market Rank #4267
Market Cap $ 0.7M
Volume 24h $ 221.5
Circ. Supply 385.9M
Total Supply 868.5M
Max Supply ?

What is the current price of Smart MFG (MFG)?

The current price of Smart MFG (MFG) is $ 0.00179550, and it has increased in the past 24 hours.

What is Smart MFG (MFG)?

Smart MFG (MFG) is a digital asset class under the ERC20 cryptocurrency token category. It is issued by Smart MFG Tech. The token is primarily used in manufacturing smart contracts and supply chain functionalities. MFG tokens can be used to incentivize Requests for Quotes (RFQs) as well as secure and pay for smart contract Purchase Orders (POs). They also facilitate supply chain tokenization on the manufacturing blockchain.

Who created Smart MFG?

Smart MFG is the product of Smart MFG Tech. While the founders of Smart MFG Tech are not explicitly stated, the company itself is known for its innovations within the manufacturing and supply chain sectors. The patent on their blockchain process architecture protocol is pending, making them self-proclaimed pioneers in the sector.

How does Smart MFG work?

Smart MFG functions within the Smart MFG Tech ecosystem designed to revolutionize the manufacturing space. The MFG token enables faster, more efficient transactions within the system. It is used to incentivize RFQs and to secure and pay for smart contract POs on their platform. It's instrumental in optimizing operational efficiencies by enhancing supply chain processes within the manufacturing blockchain infrastructure.

What Makes Smart MFG Unique?

Smart MFG is unique due to its dedicated focus on supply chain and manufacturing processes. Unlike many other cryptocurrencies, Smart MFG has a specific use-case and operates in a niche sector, focusing on tokenizing and optimizing the operations of the manufacturing field. The company claims to be pioneers in creating a smart manufacturing blockchain process architecture protocol.

The integration of Smart MFG within the SyncFab platform, a digital manufacturing platform enabling hardware supply chain buyers to transact POs and RFQs directly from a network of manufacturers, further supports its unique positioning.

How is the Smart MFG Network Secured?

As an ERC20 token, Smart MFG is secured by Ethereum's robust network. Ethereum uses a proof-of-stake consensus mechanism which allows it to safeguard against potential fraudulent activities.

What amount of Smart MFG is in Circulation?

As of the current date, the amount of Smart MFG in circulation is 385.9M out of a total supply of 868.5M.

Where Can You Purchase Smart MFG (MFG)?

Smart MFG (MFG) can be purchased on the following cryptocurrency exchanges: Bitforex, Bkex, IDEX, Hotbit. Always remember to take appropriate security measures when dealing with digital assets.

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