Coinbase Lists Its First Web3 IoT Token

UTC by Godfrey Benjamin · 3 min read
Coinbase Lists Its First Web3 IoT Token
Photo: Depositphotos

The Meta-X-Connect (MXC) token is playing a crucial role in the evolution of the decentralized Internet of Things system.

American publicly traded digital currency trading platform Coinbase Global Inc (NASDAQ: COIN) has listed MXC, the native token of the MX Protocol, a revolutionary Internet of Things (IoT) protocol.

With many use cases of blockchain technology in the limelight today, the IoT offshoot has started gaining traction in recent months as many are beginning to appreciate the role of distributed ledger technology in connecting devices together.

MX Protocol relies on a decentralized network of M2 Pro Miners to provide LPWAN coverage. Anyone can gather data as an asset and resell it using the MX Protocol. Backed by the MXC Foundation, the organization is helping enterprises to bring their assets as Non-Fungible Tags so they can share data with no limits.

The Coinbase listing has added much-needed validation to the MX Protocol and its role in the future advancement of IoT systems. The traction the startup has gained in the past few months has attracted a number of high-profile investors, including DWF Labs.

“DWF Labs has made this strategic investment into MXC because we see the value that MXC’s global network is bringing to the world of IoT. Being the first Web3 IoT token to be listed on Coinbase is a monumental step for MXC and their future plans to dominate the Web3 IoT sector,” said DWF Labs Managing Partner Andrei Grachev.

As a traded token on Coinbase, alongside the growing MXC mining community, the MX Protocol and the MXC token have been propelled to the forefront of IoT adoption. Considering the high standards with which Coinbase uses to list tokens on its platform, the onboarding of MXC has colored the project’s outlook and this is showing prominently in its growth numbers.

Their mining community, powered by the revolutionary M2 Pro Miner has grown from just over 1,000 miners a year ago to over 35,000+ miners and growing strong.

Pitching Web3.0-Based IoT System to the Investment Forefront

The Meta-X-Connect (MXC) token is playing a crucial role in the evolution of the decentralized Internet of Things system. With the Coinbase listing of the token, more users around the globe will now have the opportunity to invest, gain exposure, and support the MX Protocol and what it stands to offer.

“This is a moment both the MXC team & supporters should be extremely proud of. A listing on Coinbase is a vote of confidence, a validation that firmly places the MXC movement on the world stage“ Aaron Wagener, Co-Founder MXC Foundation.

The level of adoption of the Internet of Technology is still relatively low and it gives ample opportunity for MX Protocol to be the first line responder to people looking to adopt the system. The platform is setting a new standard for Web3 and real-world hardware cross-integration.

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