Machine Xchange Coin (MXC) ICO Review

Machine Xchange Coin (MXC)

MXC aims to create a decentralized data exchange that combines LPWAN technology and blockchain.

Machine Xchange Coin (MXC) Score



The increasing amount of data that is being generated worldwide is too much for the traditional networks in place at the moment: WiFi has a limited range of ~100 meters and 3G/4G networks consume too much power. The MXC vision is to introduce a systematic process to both simplify and increase IoT data transactions, solving both the power cost and transactions time issues.

REVIEW VIDEO

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TOKEN SALES

METRICS

Full breakdown

MXC ICO Review: Token Metrics & Usecase

The MXC token is a utility token, meant to be distributed amongst data owners, data receivers and data network hosts, allowing for a facilitated cross-over from a “commodity”-based coin into an everyday trading currency. The token is designed to “bridge current commodity-based trading of cryptocurrency tokens and the cash-based global economy.” Thought the MXC token, the MXProtocol gives network participants incentives to use, deploy and trade their network elements, giving individuals the chance to profit from their locations through sensor/device data gathering. 

One of the few ICOs that listed token lockup for all parties, including early investors:

  • Private sale participants will receive 25% of their tokens after MXC on exchange listing. The rest is to be released in 25% installments every 3 months.

  • Team tokens locked for a year. Following that, 50% of the tokens will be released, and the remaining tokens released in 3.125% installments every 3 months.

  • Early investors will receive 50% of their tokens 6 months after exchange listing, and the remaining tokens released in 12.5% installments every 3months.

These locks mean that only 30% of the total supply will be available after the main public sale. There is also the possibility that not all the tokens reserved for the MXC Foundation will be put to use immediately, which might further reduce the initial token supply and increase the token value.

 

Green lights

  • The technology already exists. Demo was shown.
  • Users have a strong incentive to participate in the network, which will help the adoption of IoT and blockchain.
  • MatchX is a strong partner. It has had significant capital investment and already has a developed LPWAN gateway available in 40 countries.
  • Well connected to Stellar and IOTA.
  • Fenbushi investment.

red flags

  • Long roadmap.
  • No MVP.
  • Core team lacks blockchain experience.
  • Markets saturated with IoT projects.
Full overview

MXC ICO Review: Overview

“MXC aims to establish a systematic process to both simplify and increase IoT data transactions utilizing the Low Power Wide Area Network (LPWAN) network, so that people can take part of the shared economy”

Utilizing the concept of Low Power Wide Access Network (LPWAN) and its device network foundation, the Machine eXchange Protocol (MXProtocol), as a basis for its system, MXC will introduce the Machine eXchange Coin (MXC), which will theoretically allow for increased data transactions and a unique data flow monetization within today’s data market.

MXC Key Aspects

  • One of the few ICOs that listed token lockup for all parties, including early investors:

  • It is a people-owned secure and private network that won’t suffer from public congestion like Ethereum.

  • Secure LPWAN: The Low Power Wide Access Network allows long-range communications at a low bit rate among connected objects.

  • Collision between networks reduced, inter-chain data market, and an independent Quality of Services (QoS) framework for both data providers and receivers.

  • Individual network users, corporations and enterprises can all participate in the construction of decentralized, ubiquitous and secure LPWAN. The trading network is built on the premise of the “sharing economy.” Exclusively owned by users, monetization of the network can be achieved in two ways:

    1. Increasing uplink and downlink coverage via a Gateway.
    2. Enabling access to a massive network of published and traded data to the marketplace.

Machine Xchange Coin (MXC)
DETAILED ANALYSIS

ICOs Found

ADVISOR SCORE

Medium

  • Big names such as Jeffrey Wernick, who has actively participated in the MXC roadshow summer 2018.
  • Other advisors seem to have little activity.

TEAM SCORE

Medium

  • Significant experience in hardware engineering, LPWAN for industries and business development.
  • Team has been working together for a while already.
  • No blockchain experience, currently hiring devs. Partnerships with Vechain and Quarkchain will also help mitigate this issue.

HYPE SCORE

Medium - High

  • Website had a huge spike in visits during summer, but seems to have dropped sharply now.
  • Has stood out from other IoT ICOs.
  • Partnerships with other big projects like Vechain, and capitals/funds such as Fenbushi Capital gave significant exposure to MXC.

TOKEN SCORE

Medium

  • Good lockup system for all participants.
  • Unknown bonus for early investors.

TEAM

Sheen Xin Hu

CEO

Vlad Karl

CTO

Aaron Wagener

COO

Piotr Brzezinski

IoT Protocol Engineer

CONCLUSION

Machine Exchange Coin is a data marketplace for IoT gathered things which seems to be a solid project for the long-term. Passive income possibilities and IPWAN as a high potential technology could smooth the way to success. The investment of Fenbushi displays VC demand and shows that the project has already gathered international interest. The blockchain data marketplace sector is very saturated and the recently success of such data marketplaces stayed below the expectations.

6

ADVISOR

6.9

TEAM

4.8

HYPE

6.1

TOKEN

iot

CATEGORY

All information including our "Grading system" rating, is provided merely for informational purposes. ICO DOG does not provide investment advice (read more).

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