An Internet of Things crypto project has surged after a surprise listing from a prominent exchange.
Crypto.com rolled out support for Meta X Connect (MXC) on Tuesday, sending MXC’s price soaring nearly 17%.
MXC is also up 8.44% in the past 24 hours.
Meta X Connect, recently rebranded from MXC Foundation, wants to build a global decentralized network connecting devices and enabling them to communicate more efficiently. The foundation runs the MXProtocol, “a crowdsourced IoT network for the people, by the people,” according to Meta X Connect.
The MXC token is an Ethereum-based token used as a means of payment for services provided on the network. Kraken listed the token last week.
The project also rolled out low-power Bitcoin (BTC) mining this week. Explains Meta X Connect,
“MatchX and the MXC Foundation, exploiting the patented LoRaWAN technology and its Supernode network on the novel Meta X Protocol, have innovated the mining experience and created a mechanism empowering low-power bitcoin mining with the M2 Pro multi-token miner, allowing everyone to mine MXC, DHX, BTC and many more tokens to come.
This is a world-first in mining technology; until now, mining Bitcoin has been synonymous with high electricity costs and expensive mining rigs.”
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/kersonyanovicha/Nikelser Kate