Moonchain
Crypto Overview
Overview
MXC (Machine eXchange Coin) is a cryptocurrency designed to support the MXC IoT (Internet of Things) Data Network. The project aims to build a global data network that enables smart cities and the industrial internet of things using LPWAN (Low-Power Wide-Area Network) technology.
Intended Utility
The MXC token serves multiple purposes within its ecosystem: It is used for governance of the MXC DAO, staking to secure the network, payments for data transactions within the network, and incentivizing the deployment of M2 Pro miners which provide IoT coverage.
Actual Utility
The project has demonstrated real-world adoption through the deployment of thousands of M2 Pro miners globally. These miners provide actual IoT coverage and data transmission capabilities. The network is being used for various IoT applications including smart city initiatives, supply chain tracking, and environmental monitoring.
Token Distribution and Governance
The token distribution shows a balanced allocation with approximately 35% reserved for mining rewards, 25% for the foundation, and the remainder distributed among private sale participants and the public. There are vesting schedules in place for team tokens.
Development Activity
The project maintains active development with regular updates to its core protocol and applications. The team frequently releases technical updates and has established partnerships with various IoT companies and smart city initiatives.
Revenue Model
The revenue model is based on legitimate business activities, primarily through the provision of IoT data services and network infrastructure. The project does not involve interest-based mechanisms or prohibited activities.
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.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.