In today’s digital age, data has become a valuable asset for businesses and individuals alike. The ability to collect, analyze, and monetize data has opened up new possibilities for companies to gain insights into consumer behavior and make informed decisions.
Measurable Data Token (MDT) is at the forefront of this data revolution, offering a decentralized data exchange ecosystem that connects users, data providers, and data buyers.
In this comprehensive review, we will dive deep into the world of Measurable Data tokens (MDT) and explore its features, use cases, tokenomics, and more.
MDT is a decentralized data exchange ecosystem that connects users, data providers, and data buyers, revolutionizing the way data is valued and exchanged.
Overview & History of MDT Crypto
MDT was introduced as a solution to the growing need for a secure and transparent data exchange platform. It was founded by a team of experts in blockchain technology and data analytics, aiming to empower individuals to control and monetize their own data.
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The project’s journey began with the development of two main products: RewardMe and Measurable AI. RewardMe is a consumer-oriented app that rewards users for the data they contribute, while Measurable AI provides accurate and real-time consumer insights for businesses.
Pros and Cons of Measurable Data Token (MDT)
Pros of Measurable Data Token
- User Empowerment: MDT puts the power back into the hands of users by allowing them to control and monetize their own data. This empowers individuals to directly benefit from their data contributions.
- Secure and Anonymous: MDT ensures the security and anonymity of user data by only dealing with aggregated and anonymous data. Personal and identifiable information is never shared, providing users with peace of mind.
- Real-Time Consumer Insights: With Measurable AI, businesses gain access to valuable and actionable consumer insights. These insights are collected from actual online shoppers, providing businesses with up-to-date information to make informed decisions.
- Transparent and Traceable: The blockchain technology underlying MDT ensures transparency and traceability in data transactions. All data points are stored on the blockchain, making them easily traceable and auditable.
- Wide Range of Platforms: MDT is listed on various prominent platforms, including Coinbase, Binance, and OKX, making it easily accessible for users and investors.
Cons of Measurable Data Token
- Limited Geographic Availability: Currently, MDT is not available in certain countries and regions, including China (Mainland), Cuba, Iran, Korea (North), Crimea, Sudan, Syria, Bangladesh, Bolivia, Ecuador, and Kyrgyzstan. However, the team is actively working on expanding its reach to more locations.
- Dependency on Data Providers: The effectiveness of Measurable AI relies on the availability and quality of data provided by users. While efforts are made to ensure accurate and reliable data, the platform’s success is contingent on user participation.
Unique Features of MDT Crypto
- RewardMe App: The RewardMe app is a unique feature of MDT’s ecosystem. It rewards users for the data they contribute, allowing them to earn rewards on eligible purchases made on various platforms. Unlike traditional reward programs, RewardMe offers ongoing opportunities for users to earn rewards.
- Measurable AI: Measurable AI stands out as a powerful tool for businesses, providing them with real-time and actionable consumer insights. By transforming transactional data into valuable insights, Measurable AI offers businesses a competitive edge in understanding consumer behavior and trends.
What is Measurable Data Token (MDT)?
MDT is a native token of the Measurable Data Token ecosystem. It serves as the medium of exchange within the platform, allowing users to trade and monetize their data. MDT is built on the Ethereum blockchain as an ERC-20 token, ensuring its compatibility and interoperability with other blockchain-based applications.
How Does Measurable Data Token Work?
The Measurable Data Token ecosystem operates through the use of smart contracts on the blockchain. These smart contracts facilitate the secure and transparent exchange of data between users, data providers, and data buyers. Here’s a step-by-step breakdown of how MDT works:
- Data Contribution: Users contribute their data through the RewardMe app, which anonymizes and aggregates the data for exchange.
- Data Exchange: The anonymized and aggregated data is exchanged as big data, ensuring the privacy and security of individual users.
- Smart Contracts: Smart contracts are created on the blockchain to ensure that users receive their fair share of the profits generated from their data contributions.
- Value Denomination: MDT tokenizes the value of data within the ecosystem. Users are rewarded with MDT tokens based on the value their data generates, creating a direct incentive for data contribution.
Use Case of Measurable Data Token
MDT’s ecosystem has two primary use cases: RewardMe and Measurable AI.
- RewardMe: RewardMe is a unique reward app that allows users to earn rewards automatically on their eligible purchases. By opting in and contributing their data, users are rewarded with MDT tokens. The platform ensures ongoing opportunities for users to earn rewards, making it a sustainable and engaging experience.
- Measurable AI: Measurable AI serves as an alternative data provider, transforming transactional data into valuable consumer insights. Financial institutions and companies can leverage Measurable AI’s comprehensive and real-time insights to make data-driven decisions and gain a competitive edge in their respective industries.
Roadmap and Tokenomics
MDT has a clear roadmap for the future, with plans to expand its geographic availability, enhance the functionality of its products, and forge strategic partnerships. The team is dedicated to continuous improvement and innovation within the data exchange ecosystem.
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As for the tokenomics of MDT, the total supply is set at 1,000,000,000 tokens. MDT is available on various blockchain platforms, including Ethereum (ERC-20), Binance Chain (BEP-20), Bitcoin Ordinals (BRC-20), Tron Network (TRC-20), and BitTorrent Chain (BRC-20).
MDT Price Statistics (As of July 04, 2023)
| Measurable Data Price Today | |
|---|---|
| Measurable Data Price | $0.059482 |
| 24h Low / 24h High | $0.056334 / $0.074166 |
| 7d Low / 7d High | $0.04210170 / $0.073506 |
| Trading Volume | $122,841,900 |
| Market Cap Rank | #502 |
| Market Cap | $36,067,144 |
| Market Cap Dominance | 0.003% |
| Volume / Market Cap | 3.4071 |
| All-Time High | $0.168053 -64.64% Dec 25, 2021 (over 1 year) |
| All-Time Low | $0.00173261 3,330.03% Dec 18, 2018 (over 4 years) |
| Circulating Supply | 606,319,736 MDT |
| Total Supply | 1,000,000,000 MDT |
| Max. supply | 1,000,000,000 MDT |
Where to Buy and How to Buy MDT Crypto
MDT crypto can be purchased on several reputable cryptocurrency exchanges, including Coinbase, Coinbase Pro, Binance, OKX, Bittrex, Gate.io, and Crypto.com. To buy MDT, follow these steps:
- Create an Account: Sign up for an account on one of the supported exchanges.
- Complete Verification: Complete the necessary verification process to comply with the exchange’s regulations.
- Deposit Funds: Deposit funds into your exchange account using a supported cryptocurrency or fiat currency.
- Find MDT: Search for MDT on the exchange’s trading interface.
- Place an Order: Specify the amount of MDT you want to buy and place your order.
- Confirm Purchase: Review the details of your purchase and confirm the transaction.
- Secure Storage: Transfer your purchased MDT tokens to a secure wallet for safekeeping.
Fees and Usage Details
Fees associated with buying, selling, and trading MDT may vary depending on the exchange you use. It is essential to review the fee structure of the specific exchange before initiating any transactions.
Additionally, MDT tokens can be used within the Measurable Data Token ecosystem to access various features and services. The usage and utility of MDT extend to data contribution, data exchange, and accessing premium features within the RewardMe and Measurable AI platforms.
Latest News on Measurable Data Token
Stay up to date with the latest news and developments surrounding Measurable Data Token by subscribing to the “Data Matters” Newsletter. This newsletter provides valuable insights into how big data is reshaping various aspects of our lives and offers updates on the MDT ecosystem.
Alternatives to Consider
While Measurable Data Token offers unique features and benefits, there are alternative data exchange platforms worth considering. Some popular alternatives include Ocean Protocol, Datum, and Streamr. Each platform has its strengths and focuses, so it’s essential to evaluate them based on your specific needs and requirements.
Measurable Data Token Review: Conclusion
Measurable Data Token (MDT) offers a decentralized data exchange ecosystem that allows users to control and monetize their own data. With unique features such as the RewardMe app and Measurable AI, MDT provides benefits for both individuals and businesses.
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By utilizing blockchain technology, MDT ensures the security, transparency, and traceability of data transactions. As the data exchange landscape continues to evolve, MDT aims to be at the forefront, empowering users and revolutionizing the way data is valued and exchanged.
Measurable Data Token Review FAQs
Is Measurable Data Token available worldwide?
No, currently Measurable Data Token does not serve customers in certain countries and regions, including China (Mainland), Cuba, Iran, Korea (North), Crimea, Sudan, Syria, Bangladesh, Bolivia, Ecuador, and Kyrgyzstan.
How can I earn rewards with RewardMe?
To earn rewards with RewardMe, simply opt-in and contribute your data. The more value your data generates, the more rewards you will earn.
Can businesses access real-time consumer insights with Measurable AI?
Yes, Measurable AI provides businesses with real-time and actionable consumer insights. By analyzing transactional data from actual online shoppers, businesses can gain valuable insights into consumer behavior and trends.
Where can I buy MDT tokens?
MDT tokens can be purchased on various cryptocurrency exchanges, including Coinbase, Binance, OKX, and more. It is recommended to research the exchanges and their availability in your country before making any purchases.
How can I stay updated with the latest news on Measurable Data tokens?
Subscribe to the “Data Matters” Newsletter to stay informed about the latest news and developments surrounding Measurable Data tokens and the broader field of big data.
Is Measurable Data Token available worldwide?
Measurable Data Token currently does not serve customers in specific countries and regions, including China, Cuba, Iran, and Syria.
How does RewardMe work?
RewardMe is an app that rewards users for the data they contribute. By opting in and anonymizing their data, users can earn rewards based on the value their data generates.
How can I buy Measurable Data Token?
Measurable Data Tokens can be purchased on various cryptocurrency exchanges such as Binance, OKX, and Bitrue. Simply create an account on your preferred exchange, deposit funds, and search for MDT to initiate the purchase.
Note: This article does not constitute financial advice. Always do thorough research and consult with professionals before making any investment decisions related to cryptocurrencies or tokens.
