Measurable Data Token

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Discover Measurable Data Token's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Measurable Data Token?

Measurable Data Token (MDT) is a decentralized data exchange ecosystem that empowers users to monetize and control their own data while providing data buyers with an efficient trading platform. MDT is an ERC-20 token that powers the ecosystem, facilitating transactions and rewarding users for engaging with the network. It operates on the Ethereum blockchain and is designed to ensure transparency, security, and user empowerment.

How is Measurable Data Token used?

Measurable Data Token (MDT) is a decentralized data exchange ecosystem built on blockchain technology. It allows users to control and monetize their data securely and anonymously. The ecosystem has two main products: RewardMe and Measurable AI.

RewardMe is a consumer-oriented app that rewards users for sharing their data. Users can earn rewards automatically on their purchases across various platforms. The data is anonymized, aggregated, and exchanged as big data, with smart contracts ensuring users receive their share of the profits.

Measurable AI, on the other hand, is a business-oriented product that provides accurate, real-time, and actionable consumer insights to financial institutions and companies. It collects over 20 billion anonymous data points from online shoppers worldwide and transforms them into valuable insights, which are updated daily. This data is stored securely on the blockchain, ensuring traceability and anonymity.

In summary, MDT enables users to earn rewards by sharing their data and provides businesses with actionable insights from anonymous and secure data transactions.

How do I store Measurable Data Token?

To store Measurable Data Token (MDT) tokens, you have two primary options:

  1. Store on an Exchange:

    • Holding your funds on an exchange provides convenient access to various investment products and features, such as spot and futures trading, staking, lending, and more. The exchange will securely hold your funds, but be sure to select an exchange that implements strict security measures to ensure your crypto assets are safe.
  2. Non-Custodial Wallets:

    • For enhanced security, you can withdraw your MDT to a non-custodial wallet. This grants you complete control over your private keys. You can use hardware wallets, Web3 wallets, or paper wallets. However, this option may be less convenient if you wish to trade your MDT frequently or put your assets to work. Be sure to store your private keys securely to avoid losing access to your MDT.

How to buy Measurable Data Token?

To buy Measurable Data Token (MDT) tokens, you can follow these steps:

  1. Choose a Reliable Exchange:

    • Swyftx: A secure and user-friendly platform that supports Australian dollars (AUD) deposits. It offers competitive fees and excellent customer support.
    • Coinbase: A centralized exchange that allows you to buy MDT with a bank account, debit card, or wire transfer. It also supports PayPal for US customers.
    • Binance: A popular exchange that offers various payment options, including credit/debit cards, bank deposits, and third-party payment channels.
    • KuCoin: A centralized exchange that supports multiple payment methods and provides a step-by-step guide for buying MDT.
  2. Create an Account:

    • Register on the chosen exchange's website or mobile app by providing the required information and setting a secure password.
    • Enable two-factor authentication (2FA) for added security.
  3. Verify Your Identity:

  • Complete Know-Your-Customer (KYC) verification by providing the necessary documents and information.
  1. Add a Payment Method:

    • Follow the exchange's instructions to add a payment method, such as a credit/debit card, bank account, or other supported options.
  2. Buy Measurable Data Token (MDT):

    • Use your added payment method to purchase MDT. You may need to convert your fiat currency to a stablecoin like USDT first, depending on the exchange's requirements.
    • Confirm your order and wait for the transaction to process.
  3. Store Your MDT:

  • You can store your MDT tokens in your exchange account or transfer them to a personal crypto wallet for added security.

Remember to always follow the specific instructions and guidelines provided by the exchange you choose, and ensure you understand the fees and risks associated with buying and holding cryptocurrencies.

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History of Measurable Data Token

The history of Measurable Data Token (MDT) dates back to 2014 when the team began forming and developing the concept of users being in control of their data and being able to monetize it. The project officially launched on December 29, 2017, when the MDT token was minted on the Ethereum blockchain, following the ERC-20 token standard. Since then, the project has continued to evolve, focusing on creating a decentralized data exchange ecosystem where individuals can control and monetize their data while maintaining transparency and security.

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How Measurable Data Token works

Measurable Data Token (MDT) is a cryptocurrency that operates within a decentralized data exchange ecosystem. This ecosystem empowers individuals to monetize their data while maintaining control over its usage. Here's how it works:

Data Monetization

The MDT ecosystem connects data providers (individuals) with data consumers (businesses). When individuals opt-in to share their data, it is anonymized, aggregated, and exchanged as big data. This data is then used to provide valuable insights to businesses, which in turn rewards the data providers with MDT tokens. The more value the data generates, the more tokens the individual earns.

Smart Contracts and Blockchain

The MDT ecosystem utilizes blockchain technology to ensure secure and transparent transactions. Smart contracts are created to automate the process of selling and buying data, ensuring that data providers receive their fair share of the profits. This decentralized approach ensures that data transactions are both traceable and anonymously stored on the blockchain.

Governance and Decision-Making

The MDT token not only facilitates transactions but also serves as a governance tool. Token holders have the opportunity to propose and vote on key protocol upgrades, ensuring a decentralized and community-driven evolution of the ecosystem.

Products and Use Cases

The MDT ecosystem has two main products: RewardMe and Measurable AI. RewardMe is a consumer-oriented app that rewards users for contributing their data. Measurable AI, on the other hand, is a business-oriented product that provides accurate, real-time, and actionable consumer insights to businesses. This data is collected from actual online shoppers and is updated daily.

Security and Privacy

The MDT ecosystem prioritizes security and privacy. It only deals with aggregated anonymous data, ensuring that no personal, identifiable data is shared. This approach protects users' privacy while still allowing them to benefit from their data.

In summary, the Measurable Data Token (MDT) works by creating a decentralized platform where individuals can monetize their data securely and transparently. It utilizes blockchain technology and smart contracts to ensure fair transactions and empowers users to participate in the governance of the ecosystem.

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Measurable Data Token's strengths

The strengths of the Measurable Data Token (MDT) include:

  • Value of Data Providers: MDT empowers users by allowing them to monetize their data while maintaining greater control over its usage. This ensures that data providers receive benefits for their data, which is not the case in traditional data collection systems.
  • High Transaction Performance: The use of Ethereum smart contracts makes the process reliable and fast, ensuring efficient transactions within the ecosystem.
  • Buyer Verification: Buyers and data collectors have the right to lodge an arbitration in case they have doubts about the data they want to purchase. All transactions are then postponed until the decision is published, ensuring the validity of data.
  • Decentralization and Transparency: MDT operates on a decentralized data exchange platform, which ensures transparency and fairness in all transactions. This feature sets it apart from other data exchange services.
  • Applications: MDT has several applications that make data exchange easier, such as RewardMe, which rewards users for contributing data, and Measurable AI, which provides businesses with valuable consumer insights.

These strengths contribute to a fair and transparent data exchange ecosystem where users have control over their data and can benefit from it.

Measurable Data Token's risks

Measurable Data Token (MDT) carries financial risks associated with its market volatility and potential manipulation. The token's price can be influenced by various factors such as trading volume, market capitalization, and investor sentiment.

One key risk is the decentralized and non-regulated nature of cryptocurrency markets, which can make them more susceptible to price fluctuations and manipulation. Additionally, the token's value can be affected by changes in the broader crypto market and economic conditions.

Risk assessments from InvestorsObserver have given MDT an average risk score due to past price volatility in relation to volume and market capitalization. This suggests that the token's price can be potentially influenced by limited trading activity. However, more recent assessments have classified MDT as a low-risk investment, indicating that it is less susceptible to manipulation.

It is essential for investors to conduct thorough research, consider their own risk tolerance, and consult with financial advisors before investing in MDT or any other cryptocurrency. The highly volatile nature of these markets means that investors should be prepared for potential losses.

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Did Measurable Data Token raise funds?

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Measurable Data Token’s team

  • Heatherm Huang: Director of MDT and Chief Product Officer at Chain, leading the integration of MDT's products, such as RewardMe and MeFi, into Chain's ecosystem.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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