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.
The project also rolled out low-power Bitcoin (BTC) mining this week. Explains Meta X Connect,
“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.”