Moonchain

Halal Rating :
Comfortable
Last Price $0.01 Last updated:
Rank 702
1D Change 5.56 %
Market Cap $36.02m
Circulating supply 2,642,132,371
Maximum supply None

Crypto Overview

Categories
  • IoT
  • Substrate
  • Polkadot Ecosystem

The MXC vision is to introduce a systematic process to both simplify and increase IoT data transactions The decentralized infrastructure upon which MXC’s system is based is the future of Low Power Wide Access Network (LPWAN) and the Machine eXchange Protocol (MXProtocol). Utilizing this solid device network foundation, MXC is introducing an extraordinarily unique coin offering, Machine eXchange Coin (MXC), which allows for increased data transactions and an idiosyncratic data flow monetization within the mammoth data market. MXProtocol places a keen focus on reducing collision between networks, constructing an inter-chain data market, developing a market for network coverage and introducing an independent Quality of Services (QoS) framework for both data providers and receivers. For the first time ever, individual network users, corporations and enterprises can all participate in the construction of decentralized, ubiquitous and secure LPWAN. Simply by connecting “anything” to the network, adopters will be able to profit and trade MXC. The trading network is built on the premise of the “sharing economy.” Therefore, it is uniquely and exclusively owned by users — both individuals and enterprises — who take advantage of the monetization of the network in two ways: 1. By increasing uplink and downlink coverage via a Gateway, e.g. a MatchBox LPWAN Gateway, Cisco LPWAN Gateway 2. By unleashing access to a massive network of published and traded data to the marketplace which is securely traded using blockchain technology

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.

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Justification for our Halal Rating