In the future, MXC is committed to becoming the largest DePIN infrastructure on the Ethereum ecosystem. Its token economic model and utility will create more value for users, developers, and investors.
Official website: https://www.mxc.org/
Twitter: https://twitter.com/MXCfoundation
Recently, MXC (Meta X Connect) announced a strategic investment from JDI Ventures, the DePIN investment fund under the well-known blockchain hardware manufacturer JDI Global, with a financing amount of up to 10 million US dollars. This announcement has received impressive market performance.
Behind the MXC team, there is not only support from JDI Global in terms of funding, hardware development, and market influence, but also the MXC team established in Berlin, Germany in 2017, which has deep technical accumulation in the decentralized Internet of Things space.
The MXC team has already launched the first Layer3 zkEVM solution on Arbitrum, using LPWAN technology and MXProtocol to solve the problems of low range and high power consumption in existing methods, allowing for large-scale data sharing while ensuring end-to-end encryption and privacy. This solution is led by core members of the original zkSync and aims to integrate the diverse dApp ecosystem of Ethereum and become the DePIN infrastructure of the Ethereum ecosystem.
As the DePIN concept soars alongside the Ethereum ecosystem, can MXC, as the DePIN infrastructure of the Ethereum ecosystem, successfully seize the concept of DePIN and the dividends of the Ethereum ecosystem?
We believe that MXC has many advantages in terms of market positioning, technical architecture, and ecosystem construction.
I. Market Positioning: DePIN + Layer3
There is no doubt that the DePIN concept is the biggest narrative that can attract external funds in this round of bull market, but there are different technical solutions for how DePIN can be implemented. From lightweight dApps to heavyweight proprietary chains, project teams must personally build a closed-loop business system, which requires high capabilities and resources. Therefore, the competition is very fierce.
However, MXC's positioning is between the two, which is to build a Layer3 serving DePIN projects in the Ethereum ecosystem, so that DePIN projects no longer need to build public chains but can directly have scalability and share the dividends of the thriving Ethereum ecosystem.
Although from a technical architecture perspective, Layer3 is similar to Layer2, it has many advantages over Layer2 that are more suitable for DePIN. For example, it has better cross-chain interoperability, which is particularly important for DePIN projects, especially in the integration of Internet of Things (IoT) technology, as IoT devices and applications usually need to exchange data between multiple platforms and networks.
In addition, Layer3 can also support greater transaction throughput, further reduce network usage fees, and ultimately bring about cost-effective transaction efficiency.
By building the Layer3 zkEVM on Arbitrum, MXC can solve the key challenges faced by IoT applications when deploying blockchain, especially in increasing transaction throughput and reducing costs.
According to industry estimates, the output of the DePIN industry in 2028 is expected to reach 3.5 trillion US dollars. In the next ten years, DePIN may increase global GDP by 10 trillion US dollars, totaling 100 trillion US dollars over the next decade.
MXC's solution can support the ever-increasing amount of data generated by IoT devices and make this data truly valuable in the Ethereum ecosystem.
II. Technical Architecture: LPWAN + Layer3 + MXProtocol
- LPWAN Technology
With the explosive growth of IoT devices, a massive amount of data will be generated, posing challenges for high data demand and data processing.
The MXC team has adopted LPWAN technology, which is a communication technology designed specifically for low-power devices, covering a wide geographical range and suitable for applications that require long battery life and extensive network coverage, such as parking spaces, trash cans, street lights, and other urban data. It ensures that this information is permanently open to all users for free.
The emergence of LPWAN fills the gap between wireless communication technologies in low range and low power consumption, enabling wide-area coverage and low-power communication simultaneously, effectively collecting and transmitting sensor data from all corners of the city.
This data then flows within the MXC platform, providing comprehensive operational services for governments, enterprises, and citizens, thereby promoting the development of various application scenarios such as smart cities, smart agriculture, and asset tracking.
- Layer3 zkEVM
Based on the innovation of Arbitrum Orbit, the Layer3 zkEVM built by MXC on Arbitrum provides powerful technical support for large-scale IoT platforms to enter the blockchain.
Specifically, it integrates the rich dApp ecosystem of Ethereum and greatly enhances the network's scalability, security, and efficiency through zkEVM technology, while also enhancing user privacy protection, driving developers to build dedicated DePIN Layer3 and DePIN dApps.
In addition, the MXC token as the gas token for network transactions lays the most basic utility, enhancing the value and practicality of the MXC token.
- MXProtocol
As mentioned earlier, the explosive growth of IoT devices will generate a massive amount of data, and DePIN can make this data truly valuable.
MXC uses LPWAN technology to generate a massive amount of IoT data and has built MXProtocol on Layer3 zkEVM, allowing device data to be truly monetized.
Relying on the "Proof of Participation" consensus mechanism, MXProtocol ensures the continuity and reliability of the LPWAN network, and also allows users to easily manage the health of mining machines through the AXS App, further expanding the application scope of MXProtocol, including but not limited to supporting M2 Pro mining machines to mine tokens, and providing a platform for data transactions for various IoT devices and applications.
The ultimate goal of the M2 Pro mining machine, developed by MXC Foundation as an LPWAN device, is to provide a decentralized IoT network for everyone.
The M2 Pro mining machine is equipped with a high-performance NXP Arm Cortex-A7 CPU, 256MB DDR3 RAM, 256MB NAND FLASH storage, dual SX1303 chip LoRa radio supporting multiple regional frequencies, and various internal sensors.
In addition, the mining model of the M2 Pro mining machine has been fully transitioned to an on-chain mining protocol, ensuring transparency and fairness in the mining process. Users can mine based on the filling level of the fuel tank (xMXC), with an estimated daily profit between 10-12 US dollars. Through its Proof of Participation (PoP) model and on-chain mining protocol, MXC provides a decentralized and efficient mining platform for IoT devices and data communication.
In addition, MXC also provides a fully customizable Web3 wallet through the AXS App, supporting users to manage data mining machines, monitor performance, mine, stake, and trade various cryptocurrencies and data tokens, and even supports functional NFT (F-NFT).
The AXS App also supports bridging MXC tokens from the Ethereum mainnet to the MXC zkEVM mainnet, providing the fastest bridging experience from Layer1 to Layer3 in the Web3 ecosystem.
Summary
The LPWAN technology adopted by MXC can support the generation and transmission of massive data.
The Layer3 zkEVM built by MXC on Arbitrum provides powerful technical support for large-scale IoT and can integrate the rich dApp ecosystem of Ethereum.
MXC has built MXProtocol on Layer3 zkEVM, allowing device data to be truly monetized.
If the DePIN market is still a blue ocean, then MXC's technical architecture is already very complete, and it has the potential to become the biggest dark horse in this incremental market.
III. Ecosystem Construction: Community + Network + Partners
- Community
MXC is building a decentralized physical infrastructure network (DePIN), enabling effective connection and communication of devices globally. Community value is reflected in several aspects:
Market potential: The IoT market is valued at up to $1 trillion, indicating tremendous market potential and growth space. By participating in this market, MXC provides community members with opportunities to participate in global business.
Global coverage: The MXC network covers over 170 countries, providing community members with cross-border data connectivity services, promoting international cooperation and business expansion.
Device connectivity: The connection of over 63,000 devices demonstrates the practicality and widespread adoption of MXC's technology, and the increasing number of devices represents the network's value and actual community growth.
Data accumulation: Accumulating over 60TB of data demonstrates the active use of the MXC network and the community's contribution to data generation and sharing, with the value of data growing with increased analysis and application.
- Network
MXC's network growth can be measured by the number of devices and data accumulation. The impact of network growth includes:
Technological development: With technological advancements and the implementation of new features, the network can support more devices and more complex application scenarios.
User base: The increase in the number of devices reflects the addition of more users, directly increasing the value and attractiveness of the network.
Data economy: Data accumulation and application promote the development of the data economy, providing community members with opportunities for innovative and commercialized data products and services.
Network effect: The increase in network coverage and the growth in the number of connected devices mutually reinforce each other, creating a positive network effect that makes the network increasingly attractive to new users and enhances the platform's competitiveness.
As of the time of writing, the MXC zkEVM has accumulated 332,718 blocks, created 32,462 wallets, and destroyed a total of 33,198,498 MXC tokens… These indicators show the healthy development trend of the MXC community and network.
With continuous technological evolution and further market expansion, MXC has the potential to further enhance the value of its community and the growth of its network. It is worth noting that MXC's economic model is a deflationary mechanism, and the more DePIN devices are connected, the faster the deflation. The MXC network is currently in the early stage of rapid growth.
- Strategic Partnerships
MXC has established strategic partnerships with multiple industry leaders and key platforms, covering various fields such as cryptocurrency trading, capital investment, technology development, and project incubation. The diversity of these partnerships reflects MXC's global expansion strategy and its influence in the crypto economy.
The following are key strategic partners of MXC:
Cryptocurrency exchanges: Including Coinbase, Binance.US, KuCoin, crypto.com, Huobi, Kraken, Gate.io, Bithumb, Uniswap, and Bitpanda. These exchanges provide liquidity support for MXC tokens and make them easily tradable and accessible globally.
Media platforms: Such as Forbes, Cointelegraph, Yahoo Finance, The Daily Hodl, CoinMarketCap, CoinGecko, and LunarCrush. These platforms increase the visibility of the MXC project and help communicate the latest developments and milestones to the public.
Investment and incubation institutions: Such as Fenbushi Capital and DWF Labs, which provide support in capital injection and project incubation, contributing to the growth and development of early-stage MXC projects.
Technology and IoT partners: Including Digital Matter, Sensative, MOKO SMART, careband, ENLINK SUPER NODE, and IDENTYTEC, among others. These companies collaborate with MXC in IoT technology and product development, jointly driving innovation in the IoT field.
These partners not only provide a platform for market expansion for MXC but also collectively contribute to the construction and growth of the MXC ecosystem through their expertise, technical support, and industry connections. Through these strategic alliances, MXC can expand its technological boundaries, enhance its brand influence, and strengthen its competitiveness in the global crypto and IoT markets.
IV. Conclusion
The above introduces MXC's data network construction capabilities, providing more efficient means of connection and communication for devices and bringing new business models and revenue sources to the IoT and blockchain technology.
After five years of cultivation, MXC has already cooperated with nearly 200 countries globally, covering 20% of the world's land. It mainly covers the entire Europe and the East and West coasts of the United States, regions with important positions in technology development and market potential despite low population density. It can be said that MXC has established a strong global Web3 network, laying the foundation for the future data development needs.
Currently, MXC has established strategic partnerships with multiple industry leaders and key platforms, covering various fields such as cryptocurrency trading, capital investment, technology development, and project incubation, reflecting MXC's global expansion strategy and its influence in the crypto economy.
In the future, MXC is committed to becoming the largest DePIN infrastructure on the Ethereum ecosystem, and its token economic model and utility will create more value for users, developers, and investors.
It is worth mentioning that the MXC Foundation has launched an innovative incubation model, Initial Sensor Offering (ISO), specifically for Web3 IoT projects. It aims to provide infrastructure, services, and tools, create data connectivity scarcity, attract miners and stakeholders, and drive the growth of the MXC ecosystem.
The deflationary mechanism of the MXC token's economic model will accelerate the deflation rate as the number of DePIN devices connected increases. It is believed that MXC will continue to advance its technological development, expand its network coverage, and establish more partnerships, further enhancing its market influence and economic value.
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