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.
“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.”
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