Measurable Data Token

Measurable Data Token (MDT) is a decentralized data exchange ecosystem that aims to connect users, data providers, and data buyers, denominating the value of data. It leverages blockchain technology to compensate users for sharing anonymous big data, thereby creating a more efficient, transparent, and honest market for data trading. MDT’s ecosystem includes applications like MyMDT Data Wallet and Measurable AI, which serve as platforms for users to earn rewards for their data and for businesses to access actionable consumer insights, respectively.

• Total Supply:

• 1,000,000,000 MDT

• Circulating Supply:

• Varies, approximately 676.16 M MDT as of the latest update

• Blockchain Platform:

• Ethereum (ERC-20), also available on BNB Chain (BEP-20) and others

• Usage:

• Used as the medium of exchange for data product access and user reward programs within the MDT ecosystem.

As of today #{today’s date}, the price of Measurable Data Token is ₹4.10 INR or 0.04432 USD, with a 24-hour trading volume of 2667091.69 USD. The market capitalization for Measurable Data Token is 29847056.17USD. The circulating supply is 676157012.5 Measurable Data Token, with the total supply also being 1000000000 Measurable Data Token.

Pros:

• User Rewards:

• Incentivizes users by rewarding them for sharing anonymous data promoting active participation in the data economy.

• Decentralization and Transparency:

• Utilizes blockchain for a transparent and secure data exchange process, enhancing trust among participants.

• Real-World Applications:

• Features applications like MyMDT and Measurable AI, providing tangible use cases for the token.

• Data Privacy:

• Focuses on the exchange of aggregated anonymous data, ensuring user privacy is maintained.

• Market Potential:

• Addresses the growing demand for big data analytics, positioning MDT in a potentially lucrative market.

Cons:

• Adoption Challenges:

• Widespread adoption may be hindered by the general public’s lack of understanding or interest in monetizing their data.

• Regulatory Risks:

• Faces potential regulatory challenges in different jurisdictions, especially concerning data privacy and cryptocurrency regulations.

• Market Competition:

• Competes with other data exchange platforms and cryptocurrencies, requiring continuous innovation to stay relevant.

• Volatility:

• Like all cryptocurrencies, MDT is subject to market volatility, which can affect its value unpredictably.

• Technical Barriers:

• The complexity of blockchain technology may pose a barrier to entry for non-technical users.

• Growing Data Economy:

• MDT is well-positioned in the expanding big data and analytics market, offering a unique proposition for data monetization.

• Innovative Use Cases:

• The ecosystem’s applications provide practical solutions for both users and businesses, driving utility and demand for the token.

• Blockchain Advantages:

• Benefits from the security, transparency, and efficiency of blockchain technology, enhancing its appeal.

• Reward Mechanism:

• Offers a compelling incentive model for users to contribute data, potentially increasing user engagement and token circulation.

• Experienced Team:

• Backed by a team with a strong background in technology and entrepreneurship, expanding the project’s credibility and execution capability.

• Decentralized Data Exchange:

• MDT creates a transparent and fair marketplace for data exchange, distinguishing it from traditional centralized platforms.

• User-Centric Rewards:

• Prioritizes user compensation for data sharing, setting it apart from services that exploit user data without direct rewards.

• Multi-Chain Availability:

• Supports multiple blockchain platforms, enhancing its accessibility and utility across different ecosystems.

MDT addresses the issue of data ownership and compensation in the digital economy. It aims to empower users by allowing them to control and monetize their data while also providing businesses with a transparent and efficient platform for accessing valuable consumer insights.

The MDT team is led by Heatherm Huang, a co-founder with a strong entrepreneurial background in technology startups. The team comprises professionals with expertise in engineering, operations, and communications, collectively working towards realizing MDT’s vision of a decentralized data exchange economy.

• ICO Price:

• 1 ETH = 5,000 MDT

• Listing Date:

• January 2018

• Initial Allocated Units:

• Not explicitly mentioned, but the ICO aimed for a hard cap of 84,000 ETH and a soft cap of 25,000 ETH.

• Regulatory Uncertainty:

• Changes in regulations regarding cryptocurrencies and data privacy could impact MDT’s operations and value.

• Market Volatility:

• Cryptocurrency prices are highly volatile, and MDT is no exception, posing a risk to investors.

• Adoption Rate:

• The success of MDT depends on widespread adoption by users and businesses, which is not guaranteed.

• Competition:

• Faces competition from other data exchange platforms and cryptocurrencies, which could affect its market share.

• Technical Risks:

• Relies on blockchain technology, which may face scalability issues or vulnerabilities.

The Measurable Data Token (MDT) whitepaper outlines the vision and technical framework for a decentralized data exchange ecosystem. It emphasizes the importance of data in the digital age, likening it to “the new oil,” and critiques the current state where users unknowingly trade their valuable data for free services without receiving fair compensation. MDT proposes a solution that leverages blockchain technology to create a transparent, efficient, and user-centric marketplace for data exchange.

At the core of MDT’s ecosystem are smart contracts on the Ethereum blockchain, which facilitate secure and transparent transactions between data providers, users, and buyers. Users are rewarded with MDT tokens for sharing anonymous data, incentivizing participation, and ensuring that the value generated from data benefits its creators. The ecosystem is designed to support various applications that utilize MDT for data transactions, including MyMDT Data Wallet and Measurable AI, which offer platforms for users to earn rewards and for businesses to access consumer insights, respectively.

The whitepaper details the tokenomics of MDT, including its total supply, distribution strategy, and utility within the ecosystem. It also addresses the technical aspects of the platform, such as the use of Ethereum smart contracts and the integration of SDKs for data providers.

MDT’s approach aims to disrupt the traditional data economy by democratizing data ownership and monetization, providing a fair and equitable model for all stakeholders involved. By doing so, it seeks to address the imbalance in the current data market, where the value generated from user data disproportionately benefits corporations over individuals.

This comprehensive framework positions MDT as a pioneering solution in the blockchain and data analytics space, with the potential to reshape how data is valued, shared, and compensated in the digital economy.