MXC Foundation, the break-through cryptocurrency promoting LPWAN technology powered by the MXProtocol, today announced that they won the Huobi Next competition in fewer than 13 minutes, gaining Huobi Global as an investor, and a listing on the Huobi cryptocurrency exchange.
“The entire team at MXC is excited to receive the backing of such an influential exchange,” said MXC Co-Founder Aaron Wagener. “Winning this competition and thereby gaining the support of Huobi spawned from our truly unique approach to solving real business challenges and taking Blockchain to the people.”
Huobi Global is one of the world’s leading digital asset trading platforms, offering trading and investment in over 100 digital asset pairs. Listing on a digital trading platform like Huobi provides more people access to MXC. This is essential in the lifecycle of a cryptocurrency as it enables more people to purchase and use MXC to pay for LPWAN network access or participate in the MXC interchain data market.
“MXC is one of the only challengers to win the Huobi Next competition within 13 minutes, ” said Elaine Du, Huobi BD director. “This really shows that the people believe in MXC, and that the MXC team is able to bring their vision for the future of IoT to fruition.”
Huobi Global is the newest of many investors including LongHash, VeChain, Quarkchain, Fenbushi, and NodeCapital who strongly believe in MXC’s vision for the Future of IoT.
MXC adds the Machine eXchange Protocol (MXProtocol) to LPWAN technologies, solving the problem of data-collision and creating a platform for the monetization of individually owned LPWAN networks and data collected via these networks. Owners of this data can then trade it as a data set or live stream using the MXC Interchain Data Market or Web API. This provides more people with access to large data sources and enables the general public to participate and profit from data.