Moonchain
Crypto Overview
Project Overview
MXC (Machine eXchange Coin) is a cryptocurrency project that aims to build a global data network for IoT (Internet of Things) devices. The project rebranded to Moonchain in 2023, maintaining its original MXC ticker. It operates on a concept called 'Meta-XChange Protocol' which facilitates machine-to-machine data transmission and IoT device interactions.
Intended Utility
The primary stated purpose of MXC is to serve as the native token for the Meta-XChange Protocol, enabling IoT device connectivity, data transfers, and network maintenance. The token is designed to incentivize the deployment of LPWAN (Low-Power Wide-Area Network) infrastructure and facilitate micropayments between IoT devices.
Actual Utility and Implementation
The project has demonstrated real-world implementation through its MXProtocol and deployment of IoT gateways. They have established partnerships with various cities and organizations for IoT infrastructure deployment. The network supports actual IoT devices and maintains active development on their technology stack.
Token Distribution and Governance
The token distribution shows a relatively balanced allocation with vesting periods for team members. The project maintains transparent documentation of token allocations and demonstrates ongoing development rather than pure marketing focus. The team's credentials are verifiable with established track records in IoT and blockchain technology.
Revenue Model
The revenue model is based on network usage fees and data transmission payments, avoiding interest-based mechanisms. The project generates value through actual utility rather than speculative trading.
Crypto Impact
To assign a comfort level investing in Moonchain from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Moonchain.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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