Coinbase Launches Its First Web3 IoT Token: MXC

Coinbase Launches Its First Web3 IoT Token: MXC

The development of the decentralized Internet of Things system depends heavily on the Meta-X-Connect (MXC) currency.
Coinbase Launches Its First Web3 IoT Token- MXC
Coinbase Launches Its First Web3 IoT Token: MXC

The native token (MXC) of the ground-breaking MX Protocol, an Internet of Things (IoT) protocol, has been launched on the American publicly traded digital currency trading platform Coinbase Global Inc (NASDAQ: COIN).

The IoT branch has started to pace in recent months as more people have become aware of dispersed ledger technology’s role in tying things together. Today, there are many use cases of blockchain technology that are in the spotlight.

For LPWAN coverage, MX Protocol uses a decentralized network of M2 Pro Miners.

Using the MX Protocol, anyone may collect data as an asset and sell it.

Supported by the MXC Foundation, the company assists businesses in converting their assets into Non-Fungible Tags so they may freely share data.

The MX Protocol now gets much-needed confirmation for its role in developing IoT devices in the future thanks to the Coinbase listing.

Due to the startup’s recent success, several well-known investors, including DWF Labs, have become interested.

According to DWF Labs Managing Partner Andrei Grachev, DWF Labs has invested strategically in MXC because they recognize the benefits that MXC’s global network is providing for the IoT industry.

The fact that the Token is the first Web3 IoT coin to be published on Coinbase is a huge step forward for their future intentions to rule the Web3 IoT market.

The MX Protocol and the Web3 IoT Token have risen to the top of IoT adoption as traded tokens on Coinbase and together with the expanding MXC mining community.

Given the strict criteria that Coinbase employs when listing tokens on its platform, the addition of the Web3 IoT Token has altered the project’s outlook, which is clearly visible in its growth statistics.

With the help of the ground-breaking M2 Pro Miner, their mining community has expanded from a little over 1,000 users a year ago to over 35,000 users and is still growing.

Promoting an MXC-based IoT system to investors

The development of the decentralized Internet of Things system depends heavily on the Meta-X-Connect (MXC) currency.

More users will now be able to invest in, learn about, and support the MX Protocol and everything it has to offer thanks to the token’s listing on Coinbase.

MXC Foundation co-founder Aaron Wagener states that the Token squad and its supporters should be incredibly proud of this achievement.

He also goes on to say that a Coinbase listing is a sign of support and a confirmation that firmly establishes the MXC movement on the global stage.

Due to the Internet of Technology’s still-relatively low adoption rate, MX Protocol has a lot of room to serve as the system’s initial point of contact with potential users.

The platform is establishing a new benchmark for Web3 and cross-integration with actual hardware.