Machine Xchange CoinMXC
$0.00930
Market/Exchange
MXC Price Prediction and Price Movement
We have seen some downward price movements over the past three months as MXC has dropped 0 percent. Though with its relatively large market capitalization, MXC maybe in the middle of a long price consolidation phase, in the case of a strong fundamentals, it would be likely that MXC may bounce back heavily and continue its next phase of upward movement. Therefore traders should spend some extra effort in researching MXC's fundamentals and still be cautious while trading this coin.
Please note that this analysis is purely base on MXC's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Machine Xchange Coin Price Chart
About Machine Xchange Coin
What Is MXC?
MXC is a **Web3.0 infrastucture ** designed to connect real-world and metaverse. The network runs on a Proof-of-Participation (PoP) mechanism with Supernodes, which aims to offer scalability and free open networks.
MXC is the native utility token that is used for:
- Provisioning of devices for the free open wireless network.
- Running supernodes on the network via staking MXC tokens.
- NFT managements.
- Mining from the LPWAN and Satellite networks.
- Edge AI services.
- Used for governance votes to determine how network resources are allocated.
How Many MXC Are There in Circulation?
MXC launched on August 2018 with 2.6 billion MXC tokens created at genesis. There is no inflation, all the tokens are mined from this 2.6 billion and service users are buying MXC from the market to pay for LPWAN and Satellite miners to mine.
All tokens are in circulation from 2018 vesting scheme. MXC will be burned once more services are used.