MXC Foundation, the break-through cryptocurrency promoting LPWAN technology powered by the MXProtocol, has today announced its newest investor, Node Capital, the venture capital company focused on the Blockchain industry.
“At MXC we aim to transform the conversation around cryptocurrency by enabling an IoT data ecosystem that all individuals and organizations, large and small, can participate in and profit from” said Hu Xin, CEO of the MXC Foundation. “With our new partnership with Node Capital, we are bringing together the expertise and vision to build an interconnected Blockchain community in which an IoT economy can flourish.”
Node Capital is lead by Du Jun, the founder and former CEO of Huobi, the digital currency trading platform and exchange. Node Capital specializes in Blockchain layout, ultimately aiming to connect every node of Blockchain industry together to build a solid foundational ecosystem. A proven Blockchain entrepreneur, Du Jun’s Huobi is currently ranked as the third largest crypto exchange in the world by 24-hour trading volume, with users in over 130 countries trading over $1 billion in assets.
Supporting projects in Blockchain such as news information, digital asset transactions, storage, technology development and applications Node Capital brings together a wealth of experience in emerging Blockchain projects, crypto payments, and community collaboration.
“MXC’s core MXProtocol is extremely impressive for enabling lightning fast transactions, and that is exactly the kind of breakthrough technology we want to see gain wider adoption” said Du Jun, CEO of Node Capital. “Our investment in MXC reflects our desire to build a smarter data-driven Blockchain community that truly empowers every individual.”
MXC combines the LPWAN and the Machine eXchange Protocol (MXProtocol). This is then combined with the Machine eXchange Coin which supports the user with streamlined data transactions and data flow monetization. Individual users and enterprises can construct a decentralized and secure LPWAN simply by connecting a device to the online network. This enables any device connected to IoT to connect. IoT devices are then monetized through an LPWAN gateway where they can access all published data traded within the marketplace.