An Internet of Things crypto project has skyrocketed after a surprising mention of a prominent exchange.
Crypto.com rolled out support for Meta X Connect (MXC) on Tuesday, pushing the price of MXC up nearly 17%.
MXC is also up 8.44% in the last 24 hours.
Meta X Connect, recently renamed from MXC Foundation, aims to build a global decentralized network that connects devices and enables them to communicate more efficiently. The foundation operates 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 delivered 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, using its proprietary LoRaWAN technology and its Supernode network on the new Meta X protocol, have innovated the mining experience and created a mechanism that enables low-power bitcoin mining with the M2 Pro multi-token miner, allowing anyone to mine MXC, DHX, BTC and many more tokens.
This is a world first in mining technology; until now, mining Bitcoin has been synonymous with high electricity costs and expensive mining rigs.”
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